On October 9, 2015, two wholly-owned subsidiaries, Quest Marketing, Inc. and Bar Code Specialties, Inc. of Quest Solution, Inc. (the “company”), entered into that certain sale of accounts and security agreement with Faunus Group International, Inc. (“FGI”), to establish a sale of accounts facility (the “FGI Facility”), whereby Sellers may offer to sell their accounts receivable to FGI each month during the term of the SAS agreement, up to a maximum amount outstanding at any time of $15,000,000. Pursuant to the terms of the acquisition agreement, Thomas O. Miller, the company's current Chief Executive Officer, President and Chairman of the Board of Directors, resigned from his position as Chief Executive Officer, effective October 1, 2015. Mr. Miller will remain as the company's President and Chairman of the Board.