On July 18, 2022, Michael Farkas informed Balance Labs, Inc. of his intention to resign as Chief Financial Officer, effective as of July 18, 2022. Mr. Farkas resignation as CFO was not because of any disagreement with the Company on any matter relating to the Company's operations, policies or practices, including accounting principles and practices. Mr. Farkas will continue to serve in his roles as the Company's President, Chief Executive Officer, and Chairman of the Board.

On July 18, 2022, the Board of Directors of the Company appointed Ari Feldman (age 49) to serve as the Company's CFO, effective July 18, 2022 (the Commencement Date). Over the past five years, Mr. Feldman has served as a CFO consultant.