Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 29, 2020, Coro Global Inc. (the “Company”)
entered into amendment No. 2 to the Company’s employment agreement with J. Mark Goode. Pursuant to the amendment, Mr. Goode’s
employment with the Company will continue until January 31, 2021, and Mr. Goode agreed to resign as President, Chairman, and Chief
Executive Officer of the Company effective December 31, 2020. From the period January 1, 2021 to January 31, 2021 Mr. Goode will
be entitled to his base salary and any other regular compensation under the employment agreement and will assist the Company in
the Company’s transition to a new Chief Executive Officer. Mr. Goode agreed that he would return 250,000 shares of the Company’s
common stock if he were not serving as Chief Executive Officer of the Company as of December 30, 2020, and agreed to return 62,500
shares of common stock to the Company upon expiration of the employment agreement on January 31, 2021.
On December 31, 2020, Mr. Goode submitted his resignation as Director,
President and Chief Executive Officer of the Company, and Niquana Noel submitted her resignation as Director and Chief Operating
Officer of the Company. Mr. Goode’s and Ms. Noel’s resignations will be effective at 11:59 p.m. on December 31, 2020.
On December 31, 2020, David Dorr was appointed Director, President,
and Chief Executive Officer of the Company, and Brian Dorr was appointed Director and Chief Operating Officer of the Company. The
appointments go into effect January 1, 2021. David and Brian Dorr are brothers.
On December 31, 2020, Lou Naser was appointed Chairman of the Board
of Directors of the Company. The appointment will go into effect January 1, 2021. Mr. Naser has been a Director of the Company
since June 2020.
David Dorr, 43, is the Co-founder of Coro Global Inc. under the
Company’s current business. Since 2010, Mr. Dorr has served as Managing Principal of Dorr Asset Management LLC and as Managing
Principal and Director of Dorr Asset Management SEZC since 2012. The Dorr Asset Management companies provide investing and advisory
services based on global macroeconomic analysis. Mr. Dorr’s experience includes trading in complex derivatives, equities,
commodities, FX, and fixed income markets. His focus in physical commodities has been centered in the precious metals sector. He
has also served as a strategic advisor to various sovereign governments as it relates to gold, financial systems, and economic
policies. Mr. Dorr is currently licensed as a Director in Cayman Islands by the Cayman Islands Monetary Authority and has previously
served as Director of Registered Cayman Islands Mutual Funds. Prior to the Dorr Asset Management companies, Mr. Dorr was Co-founder
& CEO of Life-Exchange, Inc., an electronic trading platform for financial institutions trading longevity risk in the life
insurance sector. Life-Exchange, Inc. was a U.S. publicly traded company and Mr. Dorr served as Director and CEO. Mr. Dorr has
an extensive background in finance and risk management, having worked in capital markets for nearly two decades, which qualifies
him to serve on the Company’s board of directors.
Brian Dorr, 38, is the Co-founder of Coro Global Inc. under the
Company’s current business. Since 2010 Mr. Dorr has served as Managing Principal of Dorr Asset Management LLC and as Managing
Principal, Director and Anti-Money Laundering Compliance Officer of Dorr Asset Management SEZC since 2012. The Dorr Asset Management
companies provide investing and advisory services based on global macroeconomic analysis. Mr. Dorr’s experience includes
trading in complex derivatives, equities, commodities, FX, and fixed income markets. His focus in physical commodities has been
centered in the precious metals sector. He has also served as a strategic advisor to various sovereign governments as it relates
to gold, financial systems, and economic policies. Mr. Dorr is currently licensed as a Director in Cayman Islands by the Cayman
Islands Monetary Authority and has previously served as Director of a Registered Cayman Islands Mutual Fund. Prior to the Dorr
Asset Management companies, Mr. Dorr was Co-founder & COO of Life-Exchange, Inc., an electronic trading platform for financial
institutions trading longevity risk in the life insurance sector. Life-Exchange, Inc. was a U.S. publicly traded company and Mr.
Dorr served as Director and COO. Mr. Dorr has an extensive background in finance and risk management, having worked in capital
markets for nearly two decades, which qualifies him to serve on the Company’s board of directors.
During the nine months ended September 30, 2020, the Company paid
Dorr Asset Management LLC consulting fees and expenses of $218,367. During the year ended December 31, 2019, the Company paid Dorr
Asset Management LLC consulting fees and expenses of $107,306. Dorr Asset Management LLC concluded its consulting services to the
Company November 30, 2020.