On June 2, 2017, WealthColony Management Group, LLC announced that it has delivered a letter to the Board of Directors of Soupman, Inc. on behalf of the Limited Partnership to provide additional information with respect to its plans for the Company upon the change in the composition of the Company’s Board of Directors that was requested in its letter to the Board dated May 25, 2017. In the letter, WealthColony Management stated that the proposed plans and requested actions are as follows: (1) Randy Beller is reappointed as a member of the Board of Directors of the Company and is appointed as interim Chief Executive Officer, (2) Jeffrey Freedman is appointed as Chairman of the Board, (3) Jamieson Karson resigns as Chairman and member of the Board of Directors, and (4) Ronald Crane resigns as member of the Board of Directors.