On May 9, 2017, Rebel Group, Inc. added Teng Chee Keong to its board of directors, effective May 12, 2017. In connection with Mr. Teng’s appointment, Mr. Teng and the company entered into Investment Agreement on May 5, 2017, pursuant to which, Mr. Teng agreed to lend $300,000 to the company (the “Loan”) with repayment to be made by May 4, 2018, which can be extended to May 4, 2019 at the option of Mr. Teng and has an annual interest rate of 10%. Mr. Teng was appointed to the Board as a condition of the Investment Agreement. Mr. Teng age 43, is a trader and manager, with over 18 years of experience in the oil and gas industry. Over the years, Mr. Teng has held key management positions with various companies.