Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
April 4, 2019, in the best interests of the Company, the Board of appointed the following persons to be directors of the Company:
Reyad
Fezzani – Board Director
Reyad
Fezzani has 30 years of experience in Energy, Finance, and Technology with the majority of his career spent at BP p.l.c. including
global roles as the CEO of BP Wind and Solar, and CEO of BP Chemicals. He is currently Chairman and CEO of Regenerate Power, and
a Managing Partner of Energy Finance Company LLC. He has served as an Independent Director on the boards and advisory boards of
several private technology companies, as well as the Swiss industrial public company - Oerlikon A.G where he was also a member
of the Audit Committee. Mr Fezzani is a Chartered Engineer and a Fellow of the Institute of Chemical Engineers, the Energy Institute,
and the Institute of Materials, Minerals & Mining. He holds a Masters Degree (MEng) in Chemical Engineering and Chemical Technology
from Imperial College, London.
Pól
Ó Móráin- Board Director
Pól
Ó Móráin spent his early career at Xerox Venture Lab working across Xerox’s Research in the US and
Europe. He is currently the CEO of Silicon Kingdom Holdings Limited. He is also a Private Sector Member of the Irish Government’s
Export Trade Council and a Board Member of the Higher Education Authority of Ireland. He has held a number of leadership roles
in Britain and Ireland within the Irish business community and to a number of advisory boards, including academic. Pól
holds patents in machine learning and information processing acquired by Intel Corporation in 2012. He is an Alumnus of University
of Bradford (MBA), Lancaster University (Business Analysis) and Toulouse
Dr.
James G. Shanahan- Board Director
Dr.
James G. Shanahan has spent the past 30 years developing and researching cutting-edge artificial intelligent systems splitting
his time between industry and academia. He teaches at University of California at Berkeley and has (co) founded several companies
that leverage AI/ machine-learning/ deep learning/ computer vision in verticals such as digital advertising, web search, and smart
cameras. Previously he has held appointments at AT&T (Executive Director of Research), NativeX (SVP of data science), Xerox
Research (staff research scientist), and Mitsubishi. He also is on the board/advises several high-tech startups, including Aylien,
GreenOur Planet.org, DigitalBank, and LucidWorks. Dr. Shanahan received his PhD in engineering mathematics from the University
of Bristol, U. K., and holds a Bachelor of Science degree from the University of Limerick, Ireland. He is a EU Marie Curie fellow.
In 2011 he was selected as a member of the Silicon Valley 50 (Top 50 Irish Americans in Technology).
Aleem
Sheikh- Board Director
Aleem
was a Managing Director and Group Chief of Staff at ACWA Power before his appointment as an Executive Director to the largest
public university in the USA, Arizona State University. He joined ACWA Power from Swiss Company, Oerlikon, where he was President
and Chairman/CEO of the Solar Company based from China. Prior to this, he was Vice President of Strategic Partnerships for BP
p.l.c and also Commercial Director for BP Asia Pacific based from China where he resided for over 10 years.
He
was a member of the BP Global Leadership Team & served as Non-Exec Director for companies in the USA, China & India including
Tata BP Solar where he also acted as Chairman of the Audit Committee. He continues to hold Non-Exec Director/Chairman positions
across the world including Chairman of the Board at Xi’an Jiaotong-Liverpool University in China.
Mr.
James Kennett- Board Director
James
Kennett has over forty years of entrepreneurial experience in founding and successfully developing businesses in the telecommunications
and security industries. He is regarded as a pioneer in the Low Earth Orbit space and Internet of Things (IoT) industries. He
has over twenty-five years of international market development and regulatory experience and was Federal Vice President of the
Australian Small Business Association. He has served on the Boards of the Queensland University of Technology Business Advisory
Committee, and their Centre for Satellite Navigation. He also served on the Board of the Griffith University Centre for Microwave
Studies and has founded and Chaired community service programs for youth leadership training.
Furthermore,
in the best interests of the Company, Mr. James Kennett was also appointed as Chief Operation Officer for the Company.
All
of the above directors will serve until the next annual meeting of stockholders of the Company and until such director’s
successor is elected and qualified.
There
are presently no plans or commitments regarding any compensation or remuneration for the directors. The Company has no employee
benefit plans or other compensation plans.