In connection with the Closing of the Transaction and as required by the Share Exchange Agreement, effective on December 31, 2018, Jed Kaplan, was appointed as a member of the board of directors of Simplicity Esports and Gaming Company and as the Co-Chief Executive Officer of the company. In addition, effective on December 31, 2018, Roman Franklin, a member of the board of directors of the company, was appointed as the President of the company. All of the officers and directors of Simplicity other than Steven Grossman resigned effective upon the Closing.