Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Offi cers; Compensatory Arrangements of Certain Officers.
On October 20, 2021, the board of directors of TrueNorth Quantum, Inc., a Nevada
corporation formerly known as United Royale Holdings Corp. (the "Company"),
appointed Witold Ostrenko as a director of the Company, and appointed Brad Herr
as the Company's Chief Financial Officer. Neither Mr. Ostrenko nor Mr. Herr has
any family relationship with any other director, executive officer, or person
nominated or chosen to become a director or executive officer of the Company.
There is currently no written agreement between the Company and Mr. Ostrenko or
Mr. Herr.
Witold (Wit) Ostrenko, age 74, is President and Founder of Celerity Investments,
Inc., which provides consulting on financial, planning, fundraising, and
investments of most notably, not-for-profit large institutions. He is President
and Founder of Non-Prophets, Inc., a not for profit 501c.3 corporation dedicated
to eliminating poverty among disadvantaged groups; wounded veterans, native
American Indians in rehabilitation, single mothers, women college graduates, and
African American men 18 years and older to learn to be self-sufficient. Mr.
Ostrenko is also the Organizer of World Cafe, helping nonprofit museums to
engage with their board of directors, staff, and communities through a
conversation technique to plan, evaluate, and execute museum work. Mr. Ostrenko
is a director of SponsorsOne, Inc. (OTC: SPONF), a company that provides digital
marketing solutions that connect brands and customers.
From 1987 to 2014, Mr. Ostrenko was President and CEO of MOSI Science Center,
Inc., responsible for board development, fundraising, long-range and strategic
planning. He has accumulated and developed $120 million-dollar capital including
a 73-acre site and 318,000 square feet of facilities. He has managed and created
$100 million-dollar operating activities including (A) Science Center, (B)
Center of Learning, (C) Advent Hospital IMAX Theater, (D) Children's Science
Center- Kids In Charge!, (E) Science Idea Zone, (F) Pre-School and Middle-Grade
School, (G) Planetarium, (H) NASA Lunar Colony, and (I) Laboratories, Weather
Simulators, and Classrooms.
Brad Herr, age 67, has served as the Managing Member of Nexit Opportunities LLC
since April 2014, CFO of MJ Harvest (OTCQB: MJHI) since March 2018, and CFO and
director of Cannabis Sativa, Inc. (OTCQB: CBDS) since January 2020. Mr. Herr
also served as CFO of SponsorsOne, Inc. (OTC: SPONF) from April 2018 to May
2019. MJ Harvest, Inc. acquires and markets products and technologies that are
designed to benefit growers and processors in the horticultural and agricultural
industries. Cannabis Sativa, Inc.'s primary operations include providing
telemedicine online referral services for customers desiring medical marijuana
cards in states where medical marijuana has been legalized. SponsorsOne, Inc. is
a company that provides digital marketing solutions that connect brands and
customers.
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