On November 27, 2017, the board of directors of Rich Cigars, Inc. entered into a settlement agreement and with Richard Davis, the Chief Executive Officer and a director of the company, and a subscription agreement with Dror Svorai for the purchase of 1,000,000 shares of restricted Series. Effective 10 days following the mailing of the notice to shareholders on Schedule 14f-1, Richard Davis will resign as Chief Executive Officer, President and Director of the Company. Mr. Svorai will fill the vacancy effective 10 days following the mailing of the notice to shareholders on Schedule 14f-1. Effective 10 days following the mailing of the notice to shareholders on Schedule 14f-1, Al Rushing will resign as Vice President, Chief Operating Officer, Secretary, and Director of the Company.

Mr. Svorai will fill the vacancy effective 10 days following the mailing of the notice to shareholders on Schedule 14f-1. Effective 10 days following the mailing of the notice to shareholders on Schedule 14f-1, Michael Rushing will resign as Vice President of Sales and Director of the Company. Mr. Svorai will fill the vacancy effective 10 days following the mailing of the notice to shareholders on Schedule 14f-1.