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

On December 16, 2022, the Board of Directors unanimously voted to reorganize the executive team and made the following resolutions:

Appoint Michael Loubser as the Company's Chief Executive, and

Appoint Ockert Loubser the interim Chief Executive Officer to the Chief Operations Officer of the Company

Change the Title for Rastislav Vasicka from Chief Information Officer to Chief Technology Officer

Michael Loubser has over 30 years of experience in the digital transaction, data facilitation, software, and hardware development industries in the video capturing industry. Michael is a seasoned blockchain implementation advisor and industrial consultant who has been instrumental in the set-up of 76 factories and in improving workflow processes in various countries. Michael is a creative entrepreneur who challenges the status quo while keeping intelligence and integration progress in mind. Michael invests his industry intelligence significantly into building out the Core Blockchain Network and Core Ecosystem business for sustainable community gain..

Ockert Loubser is an entrepreneur and tech-savvy business developer. He holds over 20 years of commercial expertise as a pioneering businessman. and a firm believer in Digital Assets as the future of global payments. Ockert is focused on Blockchain and Dapps research, solutions development, and digital product design from the beginning of his career. As a Graphic UI UX Designer and Animator Ockert started to become involved in software architecture and application invention when joining his father Michael Loubser in software and hardware development he became a self-taught developer developing cloud platforms and implementing hardware SDKs into commercial software applications that support 21st-century digital video software capturing, communication networks, social interaction, cloud data storage, digital identity and profile management and GSM transactional solutions. Ockert has a diverse knowledge of financial, legal and operations management experience.




Item 8.01. Other Events.

The Registrant's current contact information is listed below:

Address: 1600-B SW Dash Point Road #1068, Federal Way, WA 98023

Phone number: 850-254-1161





Email: contact@arax.cc

The Registrant's President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors may be reached at the Registrant's address above.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



   99.1     DIRECTORS RESOLUTIONS, dated December 16, 2022.




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