On July 29, 2019, Mr. Max Robbins, Mr. Richard Kromka, Mr. Michael H. Conn and Mr. Kevin Hu (collectively, the “Directors”) informed the Board of Directors (the “Board”) of Blockchain Industries, Inc. (the “Company”) that they each were resigning from the Board, including membership on all committees of the Board, effective immediately. The Directors’ resignations from the Board was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Paul Kim voluntarily resigned as the Company’s Chief Operating Officer, Interim Chief Executive Officer, and all other positions with the Company to which he has been assigned regardless of whether he served in such capacity, effective immediately. Mr. Kim’s resignation was not as a result of any disagreements with the Company. On July 29, 2019, the Board appointed Mr. Andreas Typaldos as the Company’s Executive Chairman. Mr. Andreas Typaldos, Executive Chairman, 73 years old. Both currently, and previously, Mr. Typaldos has held senior executive positions in almost a dozen private and publicly traded companies, holding senior management positions including Executive Chairman, Chairman, Member of the Board of Directors, CEO, and President. Currently, he is Executive Chairman, since 2014, of Scalix, Inc., an email software company; Executive Chairman of an internet AI company, Coin Analyst, since 2018; founding investor, major shareholder, and managing partner of a datacenter company, CPG Ventures, since about 2015; board member of a bio-engineering cancer diagnostics research and development company, QCDx LLC since 2019; and major investor and managing partner of a restaurant-owning hospitality group, the Merakia Group since 2014. From 2003 to 2014 he was CEO of Xandros Inc., a Linux desktop operating systems company; while, from 2004 to 2012, he was also Chairman of a fabless semiconductor company, Arkados Inc. In the years prior to 2003, he was founder, major investor and shareholder, and CEO of a number of enterprise software, internet, and technology consulting companies.