Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Commencing December 29, 2020, Richard Tang has joined the Company as Chief Financial Officer.

Mr. Tang, age 56, has more than 25 years of experience in senior leadership roles, working in consumer, e-commerce, and food-based sectors. Most recently, from Sept 2019 to November 2020 he served as CFO for Van Leeuwen Ice Cream LLC, a nationwide manufacturer of ultra-premium dairy and vegan ice cream distributed and sold through 2,000 supermarket and independent chain doors nationwide and multi-state brick and mortar locations. Prior thereto, from Sept 2017 to Sept 2019, Mr. Tang was CFO at Nutraceutical Wellness, Inc., a global subscription-based CPG e-commerce and business-to-business wellness vitamin and supplements consumer business. Mr. Tang has also held senior financial roles at The Condé Nast Publications, Time Warner, and Walt Disney Corporation.

Mr. Tang holds a Master of Business Administration from Boston University Graduate School of Management and a Bachelor of Science from Boston College.

Mr. Tang will be compensated in 2021 at an annual rate of $200,000 and in 2022 at an annual rate of $240,000 - $250,000 with a targeted 15%-20% bonus structure based upon milestones to be determined by the Company's Board of Directors. Mr. Tang, an employee at-will, will also be eligible to receive a $40,000 stock bonus and $25,000 cash bonus for meeting certain specified performance criteria and up to an additional 10% bonus upon meeting criteria determined by the Board of Directors. Mr. Tang is also receiving 100,000 options one-half of which are exercisable at $0.60 per share and the balance are exercisable at $1.00 per share and all of which options vest in two years with customary vesting conditions.

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