Cord Blood America Inc. executed a preferred stock purchase agreement and stock holder agreement on April 9, 2015 with Red Oak Fund LP, Red Oak Long Fund, LP and Pinnacle Opportunities Fund, LP, and pursuant thereto, filed Articles of Amendment to Articles of Incorporation of the Company (Collectively “Red Oak Transaction”). The holders of preferred stock issued pursuant to which the Red Oak Transaction were entitled to elect 3 directors to the board of Cord Blood America. Accordingly David Sandberg, Anthony Snow and Adrian Pertierra were elected as directors, effective April 15, 2015.

David Sandberg is MD at Red Oak Partners. Anthony snow is currently a Director and Chairman of the Finance Committee of Street Wise Partners. Adrian Pertierra is the CFO and Head of Trading at Red Oak Partners, LLC.

He is presently the Chairman of the Nominating and Governance Committed of Asure Software Inc.