On May 18, 2012 pursuant to section 78.335 subdivision 1 of the Nevada Private Corporations Law, Joseph A. Cellura, was removed, effective as of May 18, 2012 from his position as a director and Chairman of the Board of Directors of Consorteum Holdings, Inc. In the Written Consent, the stockholders also removed Mr. Cellura from all his positions as an officer of the company including without limitation Chief Executive Officer, President, Chief Financial Officer and Secretary. In the same Written Consent Mr. Craig A. Fielding, the sole remaining director of the company, was appointed Chief Executive Officer, President, Chief Financial Officer and Secretary of the company effective May 18, 2012.