Effective January 1, 2021, Richard Hylen and Simlatus Corporation (the “Company”) entered into an Employment Agreement pursuant to which (i) Mr. Hylen is employed as the Company’s Chairman and Secretary, and as the President, Treasurer and Secretary of Satel Group Inc., a wholly-owned subsidiary of the Company. Following the execution of the Employment Agreement, effective January 1, 2021, Mr. Hylen no longer serves as the Company’s Chief Executive Officer. Effective January 1, 2021, Jeffrey Lewis and the Company entered into an Employment Agreement pursuant to which Mr. Lewis has been appointed a Director of the Company, and its Chief Executive Officer, President and Treasurer. Jeffrey Lewis, age 47, is the founder of BrewBilt Manufacturing LLC, and the Chairman and CEO of BrewBilt Manufacturing Inc. Mr. Lewis has over 15 years of experience in managing, engineering, design and fabrication teams that custom design and fabricate integrated stainless steel distillation and brewing systems for the craft beer beverage industries.