Restore Mind Medicine

The Irrefutable Need For Change Poor Capital Allocation and Overspending MindMed's G&A and headcount are out of line for a business of its size and need. MindMed's business model, as a small biotechnology firm, mainly relies on contractors and consultants. The key role of the internal personnel is management of contractors as such the need for internal staff is limited. 25,000 20,000 15,000 10,000 5,000 0 Source: Company SEC Filings. See [6] Executive & Director Compensation G&A R&D Overhead Core R&D FCM Proposed MindMed FY2022 Other R&D MindMed Spending $66M FCM Proposed Budget $39M $27.8M Savings ✔ Core R&D 60% Increase X 14

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