On September 14, 2021 (the “Closing Date”), EZRaider Co., Acquisition Sub and EZ Global entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), which closed on the same date. Pursuant to the terms of the Merger Agreement, Acquisition Sub merged with and into EZ Global, which was the surviving corporation and thus became its wholly-owned subsidiary. The Board of Directors (the “Board”) is authorized to consist of five members, and currently consists of, three members. On the Closing Date of the Merger, the company appointed two new members to the Board, Moshe Azarzar and Yoav Tilan. Elliot Mermel, who prior to the Merger served as the sole director of the Company, continued to serve as a director of the Company following the closing of the Merger. Also, on the Closing Date, Mr. Mermel, who was President, Secretary and Treasurer before the Merger, resigned from these positions, and the Board appointed Moshe Azarzar as Chief Executive Officer, President, Secretary and Director. All directors hold office for one-year terms until the election and qualification of their successors.