On October 15, 2018, Carl Dorvil resigned as Chief Executive Officer of GEX Management, Inc. In connection with his resignation, Mr. Dorvil relinquished his role as Principal Executive Officer of the Company for SEC reporting purposes. Mr. Dorvil also resigned as the Company's Chairman of the Board of Directors as of such date. Mr. Dorvil's resignation was for personal reasons and was not the result of a disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

In connection with Mr. Dorvil's resignation, his Employment Agreement with the Company, dated June 26, 2017, was deemed to be terminated. On October 15, 2018, Dario Saintus resigned as Interim Chief Financial Officer of the Company. In connection with his resignation, Mr. Saintus relinquished his role as "Principal Accounting Officer" of the Company for SEC reporting purposes.

Mr. Saintus also resigned as member of the Company's Board as of such date. Mr. Saintus's resignation was for personal reasons and was not the result of a disagreement with the Company on any matter relating to the Company's operations, policies, or practices. In connection with Mr. Saintus's resignation, his Employment Agreement with the Company, dated May 4, 2018, was deemed to be terminated.

On October 15, 2018, Chelsea Christopherson resigned as President and Chief Operating Officer of the Company. Ms. Christopherson also resigned as member of the Company's Board as of such date. Ms. Christopherson's resignation was for personal reasons and was not the result of a disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

In connection with Ms. Christopherson's resignation, her Employment Agreement with the Company, dated June 26, 2017, was deemed to be terminated. On October 15, 2018, Srikumar Vanamali was appointed as a member of the Board, to fill one of the vacancies created by the resignations described above. In addition, upon effectiveness of the resignations described above, Mr. Vanamali was appointed as the Company's Executive Director, Interim Chief Executive Officer, President, Interim Chief Financial Officer, Secretary and Treasurer, to serve in such offices at the pleasure of the Board, and until his successor has been appointed by the Board.

Mr. Vanamali had previously been serving as the Company's Vice President, Corporate Strategy since June 2018. In connection with his appointment as Interim Chief Executive Officer and Interim Chief Financial Officer of the Company, Mr. Vanamali was designated as the Company's "Principal Executive Officer" and "Principal Financial and Accounting Officer," respectively. Srikumar Vanamali is an experienced post-MBA executive with 15 years of top-tier, diverse experience in strategy and technology consulting, investment banking and professional business services.

Mr. Vanamali has been serving as the Company's Vice President, Corporate Strategy since June 2018. Prior to that, from January 2017 through May 2018, he served as Vice President, Investment Banking at NMS Capital, an investment banking firm. Before joining NMS Capital, he was a Management Consultant for Sharp Decisions Inc, a business services company through which he provided consulting services to Toyota Financial Services from November 2014 through December 2016.

Prior to this, he was a Consultant and Technology Lead at Infosys, a global consulting firm, from November 2003 through June 2012. The Company believes Mr. Vanamali will make an excellent addition to the Company's Board, because the Company will benefit from his 15 years of experience driving growth, process improvement and turnaround strategies for companies and business divisions in both private and public sectors. Mr. Vanamali has a diverse, global leadership background across entrepreneurship, consulting, technology and investment banking and is uniquely positioned to identify corporate growth initiatives (organic and M&A), capital market strategies (debt and equity), operational excellence and business development opportunities pertaining to the Company's business management ecosystem.

On October 15, 2018, Shaheed Bailey was appointed as a member of the Board, to fill one of the vacancies created by the resignations described above. In addition, upon effectiveness of the resignations described above, Mr. Bailey was appointed as the Company's Interim Chief Investment Officer, to serve in such offices at the pleasure of the Board, and until his successor has been appointed by the Board. Shaheed Bailey has been serving as Managing Partner and Chief Executive Officer of Veterans Capital Inc., a consulting firm that helps middle market companies raise equity/debt capital and locate strategic and value strategic acquisitions, and provides consulting for cost cutting, tax savings and growth strategies, since October 2012.

Prior to that, from June 2010 through September 2012, he served as a Sales Consultant/Partner for Sales Consultants of Morris County, a company that provided strategic consulting services. Before joining Sales Consultants of Morris County, he was a Private Banker with Wells Fargo Bank from July 2008 through April 2010. The Company believes Mr. Bailey is the right choice for the Company's Board, because of his extensive experience and relationships with private equity firms, hedge funds, family offices, alternative lenders and banks.

In addition, Mr. Bailey's ability to provide strategic growth strategies, bring on new investors, capital, mergers & acquisition opportunities and investment opportunities, will create tremendous value for the Company and increase both the top line and bottom line.