On June 24, 2021, Arax Holdings Corp. announced that the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Arax Holdings Corp.’s President, Treasurer, Secretary and a Director. At the effective date of the transfer, Michael Pieter Loubser consented to act as the new Chairman of the Board of Directors of the Company and Rastislav Va i ka consented to act as the new Chief Information Officer of the Company. Michael Pieter Loubser, 63, is the Chairman of the Board of the Company. Mr. Loubser is a Software Strategist and Architect at Core Group in Bratislava, Slovakia, and has been since 2003. It is in Blockchain and Crypto development. Mr. Loubser is also COO, Operational of GTIFin s.r.o. in Bratislava, Slovakia, and has been since 2008. Ockert Loubser is the CEO of the Company. He has been the Chief Executive Officer of Core Decentralized Technologies since 2014, Chief Executive Officer of Wall Money since 2014, Chief Executive Officer of CorePay since 2014, Chief Executive Officer of Ting since 2014, Chief Executive Officer of TokToKey since 2012, Chief Executive Officer of PingExchange since 2014, Chief Executive Officer of Core Group since 2014, and CEO of Wall it since 2003. Ockert Loubser is the Co-Founder of GTIFin s.r.o. and has been with them since 2012. Rastislav Va i ka is the Chief Information Officer of the Company.