Messrs. Rodney J. Dillman and Derek J. Ferguson each notified that effective March 22, 2017 he had resigned as a member of the board of directors of Social Reality, Inc. On March 27, 2017 board of directors, upon the recommendation of the Corporate Governance and Nominating Committee of the board, appointed Mr. Robert Jordan to the board of directors to fill a vacancy created by these resignations. The board of directors determined Mr. Jordan is an independent director within Nasdaq Marketplace Rule 5605. Robert Jordan. Mr. Jordan, 48, is a seasoned business executive who has spent the past 20 years acquiring, managing and divesting middle-market companies spanning a variety of industries. Since 2016 he has served as Chief Executive Officer of Yoi Corporation Messrs. Dillman and Ferguson were also members of the Audit Committee of the board. Both Audit Committee Charter and Nasdaq Marketplace Rule 5605 require that Audit Committee be comprised of at least three independent directors. On March 27, 2017 Mr. Marc Savas, an independent member of board of directors, as well as Mr. Jordan, were appointed to the Audit Committee to fill the vacancies caused by these resignations.
SRAX Inc. is a technology company, which is focused on enhancing communications between public companies and their shareholders and investors. The Company operates through a single segment, which consists of two distinct business units. The Sequire business unit includes the licensing of the Companyâs proprietary software-as-a-service (SaaS) platform and associated data analysis technologies, consumer and investor targeted marketing solutions. Sequire provides users with various features, which allows issuers to track their shareholdersâ behaviors and trends, then use data-driven insights to engage with shareholders across marketing channels. LD Micro business unit is engaged in the business of hosting events and conferences for microcap public companies. LD Micro organizes and hosts investor conferences within the micro and small-cap markets, and plans to create several more niche events for the investor community.
SRAX, INC. 
