On September 18, 2015, Maiden Lane Jewelry, Ltd. entered into a Separation and Release Agreement with Samantha Manburg, the Company's Chief Operating Officer. Pursuant to the Separation and Release Agreement, Ms. Manburg is resigning as the Chief Operating Officer for the Company, effective November 13, 2015. Ms. Manburg's resignation was not based on any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

On September 18, 2015, the Company appointed Yitzchok Gurary, 31, to serve as the Company's Chief Operating Officer, which appointment shall take effect as of the effective date of Ms. Manburg's resignation. Mr. Gurary currently serves as President and Chief Financial Officer of the Company, which positions he has held since the Company's inception. Mr. Gurary served as Chief Executive Officer of the Company from inception until February 2014.

From 2007 to 2011, Mr. Gurary served as Vice President of Classique Creations, LLC.