CWB

TAX INFORMATION: IRS FORM 8937

Issuers of corporate securities are required to complete Internal Revenue Service ("IRS") Form 8937 to report organizational actions that affect the basis of those securities.

The information contained in IRS Form 8937 does not constitute tax, accounting or legal advice and does not purport to be complete or to describe the consequences that may apply to particular categories of shareholders. Charlotte’s Web Holdings, Inc. does not provide tax, accounting or legal advice. Any tax statements contained in the attachment were not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed under the Internal Revenue Code. You are urged to consult your own tax advisor regarding the particular consequences to you, including the applicability and effect of all U.S. federal, state, and local tax laws and of the tax laws under any other non-U.S. jurisdiction.

TAX INFORMATION: IRS FORM 8937