Item 5.02 Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers
See Form 8-K filed on March 6, 2023 for information on the departure
of a director and principal officer of the Company.
On March 11, 2023, the Company has selected Quynh Hoa T. Tran (aka Quinn
Tran) as a director, by written consent of the majority shareholder, and not by the vote of security holders at an annual meeting or
special meeting convened for such purpose.
Repository Services LLC sought out Ms. Tran
as a director of the Company for her specific business acumen as described below and a consideration of her diverse work experience,
her social-economic characteristics and her demographic location in the Silicon Valley area of California. Although Ms. Tran is from
the Country of Vietnam and now resides in the United States, Repository Services LLC did not specifically consider any self-identified
diversity characteristics when selecting her as a director.
Ms. Tran holds office until the next annual
meeting of stockholders and until her successor or successors have been duly elected and qualified. There are no agreements with respect
to her selection to serve on our Board of Directors. We do not compensate our directors. Officers are appointed annually by the Board
of Directors and each executive officer serves at the discretion of the Board of Directors.
Ms. Tran will serve as our President and
Chief Executive Officer.
We do not have any standing committees at
this time. Ms. Tran is currently the Company’s sole officer and director. Although no compensation will be paid to her for services
rendered prior to or in connection with her services to the Company, she may receive reimbursement for out-of-pocket expenses incurred
by her in connection with activities on the Company’s behalf.
Ms. Tran received her BS and MBA from San Francisco
State University. Ms. Tran has extensive leadership experience with Fortune 500 and technology startups, spanning global business development,
marketing, sales, strategic alliances and operations. She is a serial entrepreneur, a transformative leader, and has led $1+Billion business
entities as well as scaled startups from inception to over $150M in revenue, resulting in successful IPO and M&A exits.
Ms. Tran returned to the private sector to focus
building startups after serving her tour of duty as Chief Executive Officer of the American Red Cross-Silicon Valley. [The Red Cross
organization has over 1500 volunteers and paid staff dedicated to life saving mission and driving innovation with technology partners
such as Apple, Cisco, Facebook, Google, PayPal.] Prior to the Red Cross, Ms. Tran was Managing Partner of GlobAll Connect LLC, a technology
development company she co-founded that focused on Software Services and Renewable Energy. Before GlobAll Connect, Ms. Tran served as
Chief Marketing & Business Development Officer for Kodak NexPress, a Kodak $500 Million digital imaging company.
Ms. Tran was co-founder and the Vice President
and General Manager for ColorgrafX Systems where she grew the business from startup to $150 million, and subsequently acquired by Xerox.
Ms. Tran also led Sun Microsystem’s expansion into the Commercial Markets by developing business strategies and marketing efforts
into the Financial Services and Commercial sectors, thus generating $3 Billion of new growth for Sun.
Ms. Tran is a senior fellow and former Board
Member of the American Leadership Forum-Silicon Valley. American Leadership Forum is an organization dedicated to bringing together leaders
from diverse sectors of the community to explore leadership philosophies and strengthen their commitment to work together on issues impacting
Silicon Valley and the region. Ms. Tran also served on the Board of Directors of MapInfo Inc (a Nasdaq listed software company) and numerous
Silicon Valley organizations to include The Children’s Discovery Museum of San Jose and the American Cancer Society. Ms. Tran has
coached students enrolled in Global Entrepreneurship Studies at Stanford University and serves on advisory boards of several technology
companies focusing on EV/smart mobility, Fintech, Artificial Intelligence, Health and Blockchain technologies.