On December 21, 2015, Monarchy Ventures Inc. entered into an agreement with Andrey Smirnov, a resident of Ukraine, for the acquisition of the exclusive worldwide marketing rights to his health and fitness app called 60K which is currently under development for iPhone, Android, tablets and desktop computers. On December 21, 2015, Andrey Smirnov was appointed to the Board of Directors of the Company. This appointment was a condition of the Marketing Agreement.

The appointment was ratified by written consent of a majority of the shareholders of the Company. In 2002, Mr. Smirnov was a sales agent for Best Camera Source Inc. out of Blaine, Washington before becoming their national and international Sales Manager in 2005. In 2011, he returned to his native country of Ukraine to launch Aligo Import Ltd. During this time, he also launched the Yo-Yo Donuts chain of fast food restaurants with locations in Odessa, Ternopol, Dnepropetrovsk and Crimea.