BIO LAB NATURALS, INC. appointed Jaspreet Mathur as new CEO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On the Closing and pursuant to the terms of the Agreement, W. Edward Nichols, Darrell Avey, Jeremy Ostler and Calvin D. Smiley, Sr. resigned as officers and directors of the Company.


On the Closing and pursuant to the provisions of the Agreement Jaspreet Mathur, Bharat Raj Mathur, Kenneth Haller, Amanda Saccomanno and Dov Konetz were appointed directors of the Company. Jaspreet Mathur was appointed as the Company's Chairman and Chief Executive Officer, Kenneth Haller was appointed as President, Danielle Young was appointed as Chief Operating Officer and Benjamin Chung was appointed as Chief Financial Officer.


Jaspreet Mathur, age 37, on May 20, 2022 became the Chairman, Chief Executive Officer and a member of the Board of Directors of the Company. In January 2011, he launched Kore Fit Living, a chain of retail stores across Canada specializing in sales of vitamins and supplements, sports nutrition, athletic apparel and fitness/MMA training equipment. In 2013 he launched a web agency, Emblaze One, as a full-service interactive agency with global offices to accommodate a consumer market shift from brick and mortar to e-commerce. In November 2018, he launched the Limitless brand, which manufactures and distributes health and wellness products and offers B2B services for brand development and digital marketing. In January 2022, he teamed up with Dr. Mehmet Oz, and a nonprofit organization called HealthCorps to jumpstart health and wellness programs that are targeted at teens and young adults.


Kenneth Haller, age 36 , became the President of the Company on May 20, 2022. From January 2021 until April 2022 he was Vice President Payments at Greenbox, a software company that designs and develops mobile applications for cash-free e-wallet payments. From May 2013 until May 2022 he was Managing Partner of SKY MIDS a strategic merchant services company that focuses on high risk & international credit card processing. During this same period until 2021 he was chief executive officer of ChargeSavvy, LLC a table-side checkout POS system that streamlines information gathering and payment processing.


Danielle Young, 35, has been in public accounting for 10 years. In 2015 she was hired by Benjamin & Young, LLP, a mid-size CPA firm in Orange County, CA as part of their tax department. In 2019, she left Benjamin & Young and joined Benjamin & Ko, spearheading their operations as well as the Director of Internal Audit, working with major Public corporations such as The Habit Burger, Aerovironment and Ducommun Aerospace. After leaving Benjamin & Ko, she started her own consulting firm, Irvine Advisory Services in July 2021, focusing on IPO readiness preparation, Internal Audit and corporation management. She was also recently elected as a board member for The Miss America Foundation.

 

Benjamin Chung, 46, has been in public accounting for over 15 years. From 1999-2004 Mr. Chung was an Audit Manager at PricewaterhouseCoopers, from 2004-2007 Mr. Chung was an audit manager at Ernst & Young and he then went on to become the Director of Internal Audit for Big 5 Sporting Goods. In 2012 Mr. Chung was the founder and managing partner at Benjamin & Ko, a public accounting and consulting firm. Over the last five years, Mr. Chung has also served on the board for multiple public companies, the most recent being Franklin Wireless, which trades on Nasdaq. Mr. Chung resigned from that board in December 2019.


Bharat Raj Mathur, age 67, became a director of the Company on May 20, 2022. From July 2016 he has been a Columnist and featured Contributor at www.bizcatalyst360.com. From March 2014 to April 2016 he was chief operating officer at KORE Fit Living and from August 2004 to April 2016 he was Vice President, Distribution Channel Management at Incredible Entertainment.


Amanda Saccomanno, age 31, became a director of the Company on May 20, 2022. Ms. Saccomanno is an American professional wrestler, television personality, and fitness and figure competitor. In 2015 Ms. Saccomanno gained major attention from World Wrestling Entertainment after scoring second place in its Tough Enough reality show - a competition of contenders vying for a WWE wrestling contract. In 2015 she signed with the WWE as a Sports Entertainer and starring in their E! Hit Reality Series, Total Divas. Since 2017, Ms. Saccomanno has developed multiple health platforms and


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launched an iOS application called "Fit with Mandy." In 2020 Ms. Saccomanno co-founded and continues to help market and develop a skin care line, with Jaspreet Mathur, called Amarose.


Dov Konetz, age 40, for more than the past five years has been the Managing Director of DMK Capital, a company engaged in providing valuations in commercial real estate, intangibles, and movable assets. Since 2008, Dov has served as a Director of Mount Sinai Hospital in Miami, Florida. Dov also served on the Miami Beach Police Relations Committee from 2010-2012. Dov is also a valued supporter of The Dream Catcher Foundation, a non-profit that is dedicated to combating human trafficking.


Except for Bharat Raj Mathur who is the father of Jaspreet Mathur, there are no family relationships with any of the executive officers or directors of the Company and the above referenced individuals. Other than as may be contemplated by the share exchange agreement there are no arrangements or understandings between the above referenced individuals and any other persons pursuant to which he or she was selected as a director.