On August 12, 2021, PhoneBrasil International, Inc. entered into a Share Exchange Agreement with Mikab Corporation, pursuant to which the Mikab stockholders exchanged their shares of Mikab for shares of Convertible Preferred Stock (the Preferred Stock) of the Company. Pursuant to the Exchange Agreement, on August 12, 2021 Mr. Ross DiMaggio resigned as Chief Executive Officer of the Company. Under the Exchange Agreement P. Kelley Dunne was appointed Chief Executive Officer. Mr. Dunne has served as the Chief Executive Officer of Novation since February 2012 and resigned from that role upon becoming Chief Executive Officer of the Company. He was appointed a director because of his role as Chief Executive Officer and his knowledge of the industry.