Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On May 9, 2022, Mr. Gene Baur notified Natural Order
Acquisition Corp. (the “Company”) of his decision to resign, for personal reasons, as a member of the Board of Directors
of the Company (the “Board”) and all committees of the Board, effective as of May 9, 2022. Mr. Baur’s resignation
was not due to any disagreement with the Company or any matter relating to the Company’s operations, policies or practices.
On May 9, 2022, the Board appointed Ms. Jennifer Stojkovic
as a member of the Board, effective immediately. The Board has also appointed Ms. Stojkovic as a member of the Company’s audit committee,
compensation committee and nominating committee.
In connection with her appointment, Ms.
Stojkovic has or will become a party to an indemnity agreement with the Company in the form previously entered into by the Company
and the Company’s directors and officers (the “Indemnity
Agreement”), that certain letter agreement, dated November 10, 2020, by and between the Company, the sponsor and others
(the “Letter Agreement”), that certain registration rights agreement,
dated November 10, 2020, among the Company and the investors listed on signature pages thereto (the “Registration
Rights Agreement”), and the stock escrow agreement, dated November 10, 2020, by and among the Company, Continental
Stock Transfer & Trust Company and each of the stockholders party thereto (the “Escrow
Agreement”). Each of the Indemnity Agreement, Letter Agreement, Registration Rights Agreement and the Escrow Agreement
was described in, and were filed as exhibits to, the Company’s registration statement on Form S-1 (File No. 333-249458)
related to the Company’s initial public offering. Additionally, in connection with her appointment to the Board, the
Company’s sponsor will transfer 25,000 shares of the Company’s common stock, par value $0.0001 per share, to Ms.
Stojkovic at their original purchase price of approximately $0.004 per share.
Other
than the foregoing, Ms. Stojkovic is not party to any arrangement or understanding with any person pursuant to which she was appointed
as a director, nor is she a party to any transaction required to be disclosed under Item 404(a) of Regulation S-K involving the Company.
***
Ms.
Stojkovic has served as the founder and chief executive officer of Vegan Women Summit (VWS), a global platform focused on empowering
women entrepreneurs and professionals in the future of food, since 2020. She is a frequent author for Rolling Stone and her debut book,
The Future of Food is Female, which was released on April 5, 2022. In addition, Ms. Stojkovic has served as the executive director of
sf.citi, a San Francisco-based advocacy firm focused on technology and innovation, since 2016. Prior to VWS and sf.citi, Ms. Stojkovic
served as director of community relations at the United Way from 2012 to 2015. Ms. Stojkovic has acted as an advisor, board member, and
private investor in the food tech industry since 2018. She currently sits on the board of directors of Charlie’s Acres, as well
as the advisory board of the Better Food Foundation and Mercy for Animals.