At the closing of the stock purchase agreement, Mr. Shroff resigned from all of his officer positions with the Valmie Resources, Inc. and Mr. Franklin was appointed as the company's President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Secretary and Treasurer, to serve as such until his successors are duly elected and qualified or until his earlier resignation, removal from office or death. Mr. Franklin, age 58, has an extensive sales and marketing background, 40 years of experience in the music industry producing records and promoting concerts worldwide, and more than 12 years of experience in the import/export industry. Since 2002, he has sourced products and commodities for import into the United States, managed a number of fulfillment, packaging and shipping operations, and consulted with various multinational companies to develop national and regional marketing and distribution strategies.

From 2008 to 2013, Mr. Franklin acted as a sales and marketing director for Tavistock Restaurants, LLC. In that capacity, he was responsible for managing group sales, convention planning and entertainment in Florida and the Caribbean.