On August 10, 2017, in accordance with the bylaws of Excel Corporation, the Board of Directors of the Company voted to increase the size of the Board by one seat and appointed Mr. David Shweky to the Board to fill a vacancy on the Board resulting from such increase in the size of the Board. Mr. Shweky will serve for a term that commences immediately and expires at the 2017 annual meeting of stockholders, or until his earlier resignation or removal. Mr. Shweky was also appointed to serve as a member of the Company’s newly formed (a) Search Committee of the Board, (b) Indemnification Committee of the Board, (c) Acquisition Committee of the Board, and (d) Finance Committee of the Board. David Shweky, is a Managing Member of Aspen Entities, LLC. From January 2010 to November 2012, he served as a Managing Member of SHK SPL, LLC. Prior to then, he ran Merit Enterprises, LLC, for approximately ten years and, prior to then, was a principal of Davos Enterprises. Since 1997, Mr. Shweky has also served in a voluntary position as the president of Yeshivat Or HaTorah.