Upon the approval of the Company's Board of Directors on May 14, 2018, Michael Poutre, Chief Executive Officer and a Director of The Crypto Company resigned from all of his current roles with the company effective immediately. Mr. Poutre will remain as a consultant to the company until November 2018. Mr. Poutre's resignation did not result from any disagreement with the company regarding any matter related to the company's operations, policies or practices.

In connection with Mr. Poutre's resignation from the company, the company entered into a Separation and Consulting Agreement and General Mutual Release, which was executed on May 9th and approved by the Board on May 14, 2018. The Separation and Consulting Agreement was not effective until May 17, 2018, following the end of the revocation period. Upon the approval of the company's Board of Directors on May 14, 2018, James Gilbert, the President of the Company, was appointed Chairman of the company's Board of Directors and Chief Executive Officer.

Mr. Gilbert has served as President of the company since June 7, 2017 and as a member of the Board of Directors since June 22, 2017. Mr. Gilbert has also served on the Board of Advisors at the Economic Space Agency.