On June 29, 2021, BioPower Operations Corporation entered into an Asset Purchase Agreement (the APA) with Rafael Ben Shaya, Troy MacDonald, Adam Benchaya, Thomas Perez, Tom Saban and Edouard Pouchoy (collectively, Messrs. Ben Shaya, MacDonald, Benchaya, Perez, Saban and Pouchoy are referred to herein as the Sellers). On the Closing Date, as provided in the APA, Robert Kohn resigned as the company's Chief Executive Officer. Also on the Closing Date, the following individuals were appointed to serve as officers of the Company: Troy MacDonald as Chief Executive Officer.