Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 8, 2021, the board of directors of TrueNorth Quantum, Inc., a Nevada corporation formerly known as United Royale Holdings Corp. (the "Company"), appointed William Douglas (Doug) Beynon and David Mironov as directors of the Company. Neither Mr. Beynon nor Mr. Mironov 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. Beynon or Mr. Mironov.

Doug Beynon is a director and shareholder of TrueNorth Quantum Inc., an Alberta, Canada corporation ("TrueNorth"), and David Mironov is a director of TrueNorth. Both Messrs. Beynon and Mironov participated in the Company's acquisition of a majority interest of TrueNorth, as described in the Company's Current Report on Form 8-K filed with the SEC on October 13, 2021, as part of a related party transaction.

With the appointments of Messrs. Beynon and Mironov, the Company's board of directors has also formed an Audit Committee and Compensation Committee. The Company's Audit Committee consists of Doug Beynon, as Chairman, and Witold Ostrenko and David Mironov. The Company's Compensation Committee consists of David Mironov, as Chairman, and Witold Ostrenko and Doug Beynon.

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