<SEC-DOCUMENT>0001213900-25-080886.txt : 20250827
<SEC-HEADER>0001213900-25-080886.hdr.sgml : 20250827
<ACCEPTANCE-DATETIME>20250826194853
ACCESSION NUMBER:		0001213900-25-080886
CONFORMED SUBMISSION TYPE:	DEF 14C
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250825
FILED AS OF DATE:		20250827
DATE AS OF CHANGE:		20250826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OLB GROUP, INC.
		CENTRAL INDEX KEY:			0001314196
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				133712553
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14C
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39435
		FILM NUMBER:		251259306

	BUSINESS ADDRESS:	
		STREET 1:		1120 AVENUE OF THE AMERICAS
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-278-0900

	MAIL ADDRESS:	
		STREET 1:		1120 AVENUE OF THE AMERICAS
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14C
<SEQUENCE>1
<FILENAME>ea0254689-def14c_olbgroup.htm
<DESCRIPTION>DEFINITIVE INFORMATION STATEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Schedule 14C Information</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Information Statement Pursuant to Section 14(c)
of the<BR>
Securities Exchange Act of 1934</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box:</P>

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    <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="width: 95%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preliminary Information Statement</FONT></TD></TR>
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    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))</FONT></TD></TR>
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    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive Information Statement</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE OLB GROUP, INC.<BR>
</B>(Name of Registrant As Specified In Its Charter)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Payment of Filing Fee (Check the Appropriate Box):</P>

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    <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="width: 95%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No fee required</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee paid previously with preliminary materials</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee computed on table in exhibit required by Item 25(b) of Schedule 14A (17 CFR 240.14a&ndash;101) per Item 1 of this Schedule and Exchange Act Rules 14c&ndash;5(g) and 0&ndash;11</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE OLB GROUP, INC.<BR>
NOTICE OF SHAREHOLDER ACTION BY WRITTEN CONSENT<BR>
August 25, 2025</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Shareholders of The OLB Group, Inc.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">We are furnishing the accompanying
Information Statement on Schedule&nbsp;14C (the &ldquo;<B>Information Statement</B>&rdquo;) to the shareholders of shares of common stock,
par value $0.0001 per share (the &ldquo;<B>Common Stock</B>&rdquo;), of The OLB Group, Inc., a Delaware corporation (the &ldquo;<B>Company</B>,&rdquo;
&ldquo;<B>we</B>,&rdquo; &ldquo;<B>us</B>&rdquo; or &ldquo;<B>our</B>&rdquo;). The purpose of the Information Statement is to notify the
shareholders that, in lieu of a special meeting of the shareholders of the Company, and pursuant to the Delaware Business Corporation
Act (the &ldquo;<B>DGCL</B>&rdquo;), Ronny Yakov, our Chairman, President and Chief Executive Officer and Patrick Smith, Vice President
of Finance, collectively holding approximately 59.41% of our outstanding voting power as of the record date (the &ldquo;<B>Voting Shareholders</B>&rdquo;),
have by written consent approved and adopted an amendment to our amended and restated of the 2020 Share Incentive Plan (the &ldquo;<B>Plan
Amendment</B>&rdquo;), which is our primary plan for providing equity incentive compensation to our eligible employees, directors and
consultants, a copy of which is attached to this proxy statement as&nbsp;<I>Annex A.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The accompanying Information
Statement is being provided to you for your information to comply with the requirements of Regulation&nbsp;14C of the Securities Exchange&nbsp;Act&nbsp;of&nbsp;1934,
as amended (the &ldquo;<B>Exchange&nbsp;Act</B>&rdquo;).&nbsp;<B>This notice and the accompanying Information Statement constitute notice
to you of the aforementioned Plan Amendment to be taken without a meeting, by the Voting Shareholders taking action by written consent
pursuant to Section&nbsp;228 of the DGCL.&nbsp;You are urged to read this Information Statement carefully in its entirety. However, no
action is required on your part in connection with this document</B>, including with respect to the approval of the Plan Amendment. No
meeting of our shareholders will be held or proxies requested because we have received written consent to these matters from the Voting
Shareholders who hold a majority of the aggregate voting power of our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Under Rule&nbsp;14c-2(b)&nbsp;of
the Exchange&nbsp;Act, the actions described in the Information Statement may not be taken earlier than twenty (20)&nbsp;calendar&nbsp;days
after we have sent or given the Information Statement to our shareholders. We intend to distribute this notice and the accompanying Information
Statement to our shareholders on or about August 25, 2025. The record date established for purposes of determining the number of issued
and outstanding shares of voting stock, and thus voting power, was August 25, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>THIS IS FOR YOUR INFORMATION
ONLY.&nbsp;YOU DO NOT NEED TO DO ANYTHING IN RESPONSE TO THIS INFORMATION STATEMENT.&nbsp;THIS IS NOT A NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
AND NO SHAREHOLDER MEETING WILL BE HELD TO CONSIDER ANY MATTERS DESCRIBED HEREIN.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>&nbsp;</B></P>

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    <TD STYLE="width: 60%; padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sincerely,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD STYLE="padding-right: 20pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name: Ronny Yakov</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.25pt">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chairman and Chief Executive Officer</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 89%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 10%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Page</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#a_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INFORMATION STATEMENT</B></FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">1</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in"><A HREF="#a_002"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dissenters&rsquo; Rights of Appraisal</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in"><A HREF="#a_003"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information Statement Costs</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><A HREF="#a_004"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FORWARD-LOOKING STATEMENTS</B></FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">3</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#a_005"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</B></FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">4</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><A HREF="#a_006"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>DESCRIPTION OF The Plan Amendment</B></FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in"><A HREF="#a_007"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Overview</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in"><A HREF="#a_008"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reasons for the Plan Amendment </FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#a_009"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON</B></FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">6</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><A HREF="#a_010"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ADDITIONAL INFORMATION</B></FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">7</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in"><A HREF="#a_011"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information Available</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">7</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in"><A HREF="#a_012"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholder Communications</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center">7</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#a_013"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Annex&nbsp;A&nbsp;&ndash;&nbsp;</B>2020 Share Incentive Plan</FONT></A></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A-1</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B></B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>THE OLB
GROUP, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1120 Avenue of the Americas, Fourth Floor<BR>
New&nbsp;York, New&nbsp;York 10036</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_001"></A>INFORMATION STATEMENT<BR>
We Are Not Asking You for a Proxy and<BR>
You Are Requested Not To Send Us a Proxy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INTRODUCTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">This Information Statement
on Schedule&nbsp;14C (the &ldquo;<B>Information Statement</B>&rdquo;) is being furnished to the shareholders of The OLB Group, Inc. (the
&ldquo;<B>Company</B>,&rdquo; &ldquo;<B>we</B>,&rdquo; &ldquo;<B>us</B>,&rdquo; or &ldquo;<B>our</B>&rdquo;) in connection with the action
to be taken by us as a result of a written consent in lieu of a special meeting of shareholders pursuant to the Delaware General Business
Corporation Act (the &ldquo;<B>DGCL</B>&rdquo;), dated August 25, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">This Information Statement
and the Notice of Shareholder Action by Written Consent (the &ldquo;<B>Notice</B>&rdquo;) is being furnished by us to our shareholders
of record as of August 25, 2025 (the &ldquo;<B>Record Date</B>&rdquo;), to inform our shareholders that the Board of Directors of the
Company (the &ldquo;<B>Board</B>&rdquo;) and the Voting Shareholders, including Ronny Yakov, our Chairman and Chief Executive Officer
and Patrick Smith, Vice President of Finance, (the &ldquo;Voting Shareholders&rdquo;) who hold an aggregate of 59.41% voting power, have
approved the following action by written consent to approve an amendment to our amended and restated of the 2020 Share Incentive Plan
(the &ldquo;<B>Plan Amendment</B>&rdquo;<B>)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">This Information Statement
is being sent to you to notify you of the Plan Amendment being taken by written consent in lieu of a special meeting of our shareholders.
On the Record Date, the Voting Shareholders, holding approximately 59.41% of the voting power of our Company as of the Record Date, adopted
and approved the Plan Amendment. Accordingly, your consent is not required and is not being solicited in connection with the approval
of the Plan Amendment. The Plan Amendment will become effective 20 days after the mailing of this proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The ability to proceed without
a special meeting of the shareholders to approve, adopt and/or ratify the Plan Amendment is authorized by Section&nbsp;228 of the DGCL
which provides that, unless otherwise provided in our Certificate of Incorporation, action required or permitted to be taken at a meeting
of our shareholders may be taken without a meeting if a written consent that sets forth the action so taken is signed by shareholders
holding at least a majority of the voting power of the Company and delivered to the Company, except that if a different proportion of
voting power is required for such an action at a meeting, then that proportion of written consent is required. Such consent shall have
the same force and effect as a majority vote of the shareholders and may be stated as such in any document. Our Certificate of Incorporation
does not contain any provisions contrary to the provisions of Section&nbsp;228 of the DGCL.&nbsp;Thus, to eliminate the costs to us and
management time involved in holding a special meeting, and in order to effect the Plan Amendment as described in this Information Statement,
our shareholders holding in excess of 50% of the voting power executed and delivered a written consent to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">We are distributing this Information
Statement to our shareholders in full satisfaction of any notice requirements we may have under the DGCL and Regulation&nbsp;14C of the
Securities and Exchange&nbsp;Act&nbsp;of&nbsp;1934, as amended (the &ldquo;<B>Exchange&nbsp;Act</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">This Information Statement
is dated August 25, 2025, and is first being sent or given to our shareholders of record on or about August 25, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">On the Record Date, there were
8,768,132 shares of our Common Stock issued and outstanding and entitled to notice of and to vote on all matters presented to shareholders.
The required vote for the adoption of the Plan Amendment is a majority of the issued and outstanding shares of Common Stock. On the Record
Date, the Voting Shareholders, as the holders of record of approximately 59.41% of the outstanding shares of our voting stock, executed
a written consent adopting and approving the Plan Amendment. When actions are taken by written consent of less than all of the shareholders
entitled to vote on a matter, Section&nbsp;228 of the DGCL requires notice of the action to those shareholders who did not vote. This
Information Statement and the accompanying Notice constitute notice to you of action by written consent as required by Section&nbsp;228
of the DGCL.&nbsp;Because we have obtained sufficient shareholder approval of the Plan Amendment, no other consents or votes will be solicited
in connection with the Plan Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>WE ARE NOT ASKING YOU FOR
A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Under federal securities laws,
the Plan Amendment may not be completed until twenty (20)&nbsp;calendar&nbsp;days after the date of distribution of this Information Statement
to our shareholders. Therefore, notwithstanding the execution and delivery of the written consent, the Plan Amendment will not occur until
that time has elapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><A NAME="a_002"></A>Dissenters&rsquo; Rights of Appraisal</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Under DGCL, the Company&rsquo;s
shareholders are not entitled to appraisal right with respect to the Plan Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><A NAME="a_003"></A>Information Statement Costs</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The costs of preparing, printing
and mailing this Information Statement will be borne by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Vote Required to Approve the Plan Amendment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">As of the Record Date, there
were 8,768,132 shares of our Common Stock and no shares of Preferred Stock issued and outstanding and entitled to notice of and to vote
on all matters presented to shareholders. The affirmative vote of a majority of the voting power of the shares of Common Stock and Preferred
Stock, voting as a single class, entitled to vote is required for approval of the Plan Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Proposals by Security Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">No shareholder has requested
that we include any additional proposals in this Information Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>THIS IS NOT A NOTICE OF
A MEETING OF SHAREHOLDERS AND NO SHAREHOLDERS&rsquo; MEETING WILL BE HELD TO CONSIDER ANY MATTERS DESCRIBED HEREIN.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><B>PLEASE NOTE THAT THE COMPANY&rsquo;S
VOTING SHAREHOLDERS HAVE VOTED TO APPROVE THE PLAN AMENDMENT.&nbsp;THE NUMBER OF VOTES HELD BY THE VOTING SHAREHOLDERS EXECUTING THE CONSENT
IS SUFFICIENT TO SATISFY THE SHAREHOLDER VOTE REQUIREMENT FOR SUCH MATTER UNDER APPLICABLE LAW AND THE COMPANY&rsquo;S CERTIFICATE OF
INCORPORATION, SO NO ADDITIONAL VOTES WILL BE NEEDED TO APPROVE THE <FONT STYLE="text-transform: uppercase">Plan Amendment</FONT>.</B></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_004"></A>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Certain statements included
in this Information Statement regarding the Company are forward-looking statements within the meaning of Section&nbsp;27A of the Securities
Act&nbsp;of&nbsp;1933, as amended, and Section&nbsp;21E of the Exchange&nbsp;Act. This information may involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from the future
results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve
assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words &ldquo;may,&rdquo;
&ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;estimate,&rdquo; &ldquo;believe,&rdquo;
&ldquo;intend&rdquo; or &ldquo;project&rdquo; or the negative of these words or other variations on these words or comparable terminology.
Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors. In light
of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this Information Statement
will in fact occur. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking
statements, whether as a result of information, future events or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><A NAME="a_005"></A>SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The following table sets forth,
as of August 25, 2025, information regarding the beneficial ownership of each class of our voting securities by: (i) our officers and
directors; (ii) all of our officers and directors as a group; and (iii) each person known by us to beneficially own 5% or more of any
class of our outstanding voting securities. Generally, a person is deemed to be a &ldquo;beneficial owner&rdquo; of a security if that
person has or shares the power to dispose or to direct the disposition of such security. A person is also deemed to be a beneficial owner
of any securities of which the person has the right to acquire beneficial ownership within 60 days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The address of each holder
listed below, except as otherwise indicated, is c/o The OLB Group, Inc., 1120 Avenue of the Americas, 4<SUP>th</SUP>&nbsp;Floor, New York,
NY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid">Name of Beneficial Owner</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid">Shares of<BR> Common<BR> Stock<BR> Beneficially<BR> Owned**</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Percent of<BR> Common<BR> Stock<BR> Beneficially<BR> Owned<SUP>(1)</SUP>** </FONT></TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid">Number of<BR> Voting<BR> Shares<BR> Beneficially<BR> Owned**</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Percent&nbsp;of<BR> Voting<BR> Shares<BR> Beneficially<BR> Owned<SUP>(2)</SUP>**</FONT></TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Directors and Officers</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; text-align: left">Ronny Yakov</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">4,398,014</TD><TD STYLE="padding-bottom: 5pt; width: 1%; text-align: left"><SUP>(3)</SUP></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">50.16</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">4,378,014</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">49.93</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Rachel Boulds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,083</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,083</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Patrick Smith</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">830,784</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.48</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">830,784</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.48</TD><TD STYLE="text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Alina Dulimof</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,212</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,212</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Ehud Ernst</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Amir Sternhell</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,045</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,045</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;*</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">All directors and executive officers&nbsp;as a group (6&nbsp;persons)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,307,138</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59.64</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,287,138</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59.41</TD><TD STYLE="text-align: left">%</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less than 1%.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">**</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under SEC rules, beneficial ownership includes shares over which the individual or entity has voting or investment power and any shares which the individual or entity has the right to acquire within sixty&nbsp;days.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Percentage ownership of common stock is based on 8,768,132 shares of Common Stock and no shares of common stock underlying Series&nbsp;A Preferred Stock outstanding on the Record Date for which holders will exercise voting power on an as-converted basis.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Percentage of voting stock is based on 8,768,132 shares of Common Stock outstanding on August 25, 2025.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes (i)&nbsp;4,378,014 shares of common stock and (ii) 20,000 vested options.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_006"></A>DESCRIPTION OF SHAREHOLDER ACTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ADOPTION OF AMENDMENT TO THE AMENDED AND RESTATED
2020 SHARE INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><A NAME="a_007"></A>Overview</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Our Board and Voting Shareholders have approved
an amendment to our amended and restated 2020 Share Incentive Plan (the &ldquo;<B>Amendment</B>&rdquo;), which is our primary plan for
providing equity incentive compensation to our eligible employees, directors and consultants, a copy of which is attached to this proxy
statement as&nbsp;<I>Annex A.</I>&nbsp;The Amendment is solely to increase the number of shares of Common Stock available for issuance
under the 2020 Plan from 400,000 shares of Common Stock to 3,000,000 shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Our Board believes that the number of shares of
Common Stock currently available in the 2020 Plan is insufficient to achieve the purpose of the 2020 Plan, which is to attract and retain
key personnel and to provide a means for directors, officers, employees, consultants and advisors to acquire and maintain an interest
in us, which interest may be measured by reference to the value of our Common Stock. We further believe that the awards granted under
the 2020 Plan have provided an effective inducement to incentivize plan participants to pursue our goals and objectives, including the
creation of long-term value for our stockholders. The Board has determined that the Amendment is in the best interests of the Company
and its stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Under the 2020 Plan, equity-based awards may be
made in the form of options, restricted stock, restricted stock units, stock appreciation rights, performance units, performance shares
and other stock or cash awards. The general purpose of the 2020 Plan is to provide an incentive to the Company&rsquo;s directors, officers,
employees, consultants and advisors by enabling them to share in the future growth of the Company&rsquo;s business. On May 15, 2025, the
Company filed a registration statement on Form S-8 registering all shares issuable under the 2020 Plan. The description of the 2020 Plan,
as amended by the Amendment, is qualified in its entirety by the terms of the 2020 Plan document itself, a copy of which is attached to
this Information Statement as Annex A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">As of the Record Date, and excluding the requested
share increase, there are 3,000,000 shares authorized for issuance under the 2020 Plan and no shares of Common Stock remain available
for future grants of awards under the 2020 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><A NAME="a_008"></A>Reasons for the Plan Amendment </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The Board and Voting Shareholders have determined
that it is in the best interests of the Company and its stockholders to approve the Amendment to increase the number of shares available
for issuance under the 2020 Plan by an additional 2,600,000 shares, thus making available for issuance under the 2020 Plan up to an aggregate
of 3,000,000 shares. We believe the Amendment will allow us to continue to utilize a broad array of equity incentives in order to attract
and retain talent, and to continue to provide incentives that align the interests of our employees, directors and consultants with the
interests of our stockholders. Before the Amendment, the number of shares remaining available for issuance under the 2020 Plan was too
limited to effectively operate as an incentive and retention tool for employees, officers, directors, non-employee directors and consultants
of the Company and its affiliates. The 2020 Plan and the approved increase in the number of shares reserved for issuance under the 2020
Plan will enable us to continue our policy of equity ownership by employees, officers, directors, non-employee directors and consultants
of the Company and its affiliates, thus allowing us to use the 2020 Plan as an incentive to contribute to the creation of long-term value
for our stockholders. Absent sufficient equity incentives, we would need to consider additional cash-based incentives to provide a market-competitive
total compensation package to attract, retain and motivate the talent that is critical to driving our success. Replacing equity incentives
with payment of cash incentives would then reduce the cash available for our product development, marketing, operations and other corporate
purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><A NAME="a_009"></A>INTEREST OF CERTAIN PERSONS IN MATTERS TO BE
ACTED UPON</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Except in their capacity as shareholder (which
interest does not differ from that of the other holders of Company&rsquo;s Common Stock) and except for Mr.&nbsp;Yakov&rsquo;s capacity
as the Chief Executive Officer and Chairman and Mr. Smith&rsquo;s capacity as Vice President of Finance, none of our officers, directors
or any of their respective affiliates or associates will have any interest in the matters being acted upon other than for their right
to be granted awards under the amended plan. Our executive officers and directors, along with certain employees and consultants of the
Company, are the primary recipients of shares issuable under the 2020 Plan. None of our directors or executive officers opposed the actions
to be taken by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_010"></A>ADDITIONAL INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><A NAME="a_011"></A>Information Available</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The Company is subject to the
information and reporting requirements of the Exchange&nbsp;Act and in accordance with the Exchange&nbsp;Act, the Company files periodic
reports, documents and other information with the SEC relating to its business, financial statements and other matters. These reports
and other information filed by the Company with the SEC may be inspected and are available for copying at the public reference facilities
maintained at the SEC at 100&nbsp;F Street NW, Washington, D.C. 20549.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">The Company&rsquo;s filings
with the SEC are also available to the public from the SEC&rsquo;s website, <I>http://www.sec.gov</I>. The Company&rsquo;s Annual Report
on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2024 filed on March 28, 2025 and other reports filed under the Exchange&nbsp;Act
are also available to any shareholder at no cost upon request to: Ms. Rachel Boulds, CFO of the Company, at 1120 Avenue of the Americas,
Fourth Floor, New&nbsp;York, New&nbsp;York 10036.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><A NAME="a_012"></A>Shareholder Communications</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">Shareholders wishing to communicate
with the Board may direct such communications to the Board c/o the Company, Attn: Ms. Rachel Boulds, will present a summary of all shareholder
communications to the Board at subsequent Board meetings. The directors will have the opportunity to review the actual communications
at their discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">If multiple shareholders sharing
an address have received one copy of this Information Statement or any other corporate mailing and would prefer the Company to mail each
shareholder a separate copy of future mailings, you may send notification to or call the Company&rsquo;s principal executive offices.
Additionally, if current shareholders with a shared address received multiple copies of this Information Statement or other corporate
mailings and would prefer the Company to mail one copy of future mailings to shareholders at the shared address, notification of such
request may also be made by mail or telephone to the Company&rsquo;s principal executive offices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By Order of the Board,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name: Ronny Yakov</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chairman and Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U><A NAME="a_013"></A>ANNEX A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Amended and Restated 2020 Equity Incentive Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 0pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECOND AMENDED AND RESTATED 2020 SHARE INCENTIVE
PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Overview</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our Board has approved the second amendment and
restatement of the 2020 Share Incentive Plan, which is our primary plan for providing equity incentive compensation to our eligible employees,
directors and consultants, a copy of which is attached to this proxy statement as <I>Annex A.</I> Our Board believes that the number of
shares of Common Stock currently available in the 2020 Plan is insufficient to achieve the purpose of the 2020 Plan, which is to attract
and retain key personnel and to provide a means for directors, officers, employees, consultants and advisors to acquire and maintain an
interest in us, which interest may be measured by reference to the value of our Common Stock. We are amending the 2020 Plan principally
to increase the number of our shares of Common Stock available for issuance under the 2020 Plan from 200,000 to 3,000,000 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the Record Date, and excluding the requested
share increase, there are 200,000 shares authorized for issuance under the 2020 Plan and no shares of Common Stock remain available for
future grants of awards under the 2020 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If stockholders approve the New Plan, the total
number of shares available for grants under the New Plan would be 3,000,000 shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Summary Description of the New Plan as amended
and restated</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following is a summary of the material features
of the New Plan, as amended and restated. This summary is qualified in its entirety by the full text of the New Plan, a copy of which
is included as <I>Annex A</I> to this proxy statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Eligibility</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Persons eligible to participate in the New Plan
will be officers, employees, non-employee directors and consultants of the Company and its subsidiaries as selected from time to time
by the plan administrator in its discretion. As of the date of this proxy statements, approximately 24 individuals will be eligible to
participate in the New Plan, which includes approximately 3 officers, 15 employees who are not officers, 3 non-employee directors and
3 consultants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Administration</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Plan will be administered by the Compensation
Committee, the Board, or such other similar committee pursuant to the terms of the New Plan. The plan administrator, which initially will
be the Compensation Committee, will have full power to select, from among the individuals eligible for awards, the individuals to whom
awards will be granted, to make any combination of awards to participants, and to determine the specific terms and conditions of each
award, subject to the provisions of the New Plan. The plan administrator may delegate to one or more officers of the Company the authority
to grant awards to individuals who are not subject to the reporting and other provisions of Section 16 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Share Reserve</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subject to the adjustment provisions contained
in the New Plan, the number of shares of Common Stock that may be issued under the New Plan is equal to 3,000,000, which is also the maximum
number of shares of Common Stock that may be issued upon the exercise of incentive stock options. Shares issuable under the New Plan may
be authorized, but unissued, or reacquired shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shares underlying any awards under the New Plan
that are forfeited, cancelled, held back upon exercise of an option or settlement of an award to cover the exercise price or tax withholding,
satisfied without the issuance of stock or otherwise terminated (other than by exercise) will be added back to the shares available for
issuance under the New Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Annual Limitation on Awards to Non-Employee Directors</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Plan contains a limitation whereby the
value of all awards under the New Plan and all other cash compensation paid by the Company to any non-employee director may not exceed
$750,000 for the first calendar year a non-employee director is initially appointed to the Board, and $500,000 in any other calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Types of Awards</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Plan provides for the grant of stock options,
stock appreciation rights, restricted stock, restricted stock units and other stock-based awards (collectively, &ldquo;awards&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Stock Options.</U> The New Plan permits the
granting of both options to purchase Common Stock intended to qualify as incentive stock options under Section 422 of the Code and options
that do not so qualify. Options granted under the New Plan will be nonqualified options if they fail to qualify as incentive stock options
or exceed the annual limit on incentive stock options. Incentive stock options may only be granted to employees of the Company and its
subsidiaries. Nonqualified options may be granted to any persons eligible to receive awards under the New Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The option exercise price of each option will
be determined by the plan administrator but generally may not be less than 100% of the fair market value of Common Stock on the date of
grant or, in the case of an incentive stock option granted to a ten percent stockholder, 110% of such share&rsquo;s fair market value.
The term of each option will be fixed by the plan administrator and may not exceed ten years from the date of grant (or five years for
an incentive stock option granted to a ten percent stockholder). The plan administrator will determine at what time or times each option
may be exercised, including the ability to accelerate the vesting of such options.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon exercise of options, the option exercise
price must be paid in full either in cash, check or cash equivalent, or by delivery (or attestation to the ownership) of shares of Common
Stock that are beneficially owned by the optionee free of restrictions or were purchased in the open market. Subject to applicable law,
the exercise price may also be made by means of a broker-assisted cashless exercise. In addition, the plan administrator may permit nonqualified
options to be exercised using a &ldquo;net exercise&rdquo; arrangement that reduces the number of shares issued to the optionee by the
largest whole number of shares with fair market value that does not exceed the aggregate exercise price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Stock Appreciation Rights.</U> The plan administrator
may award stock appreciation rights subject to such conditions and restrictions as it may determine. Stock appreciation rights entitle
the recipient to shares of Common Stock or cash equal to the value of the appreciation in the stock price of Common Stock over the exercise
price. The exercise price generally may not be less than 100% of the fair market value of Common Stock on the date of grant. The term
of each stock appreciation right will be fixed by the plan administrator and may not exceed ten years from the date of grant. The plan
administrator will determine at what time or times each stock appreciation right may be exercised, including the ability to accelerate
the vesting of such stock appreciation rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Restricted Stock.</U> A restricted stock award
is an award of Common Stock that vests in accordance with the terms and conditions established by the plan administrator. The plan administrator
will determine the persons to whom grants of restricted stock awards are made, the number of restricted shares to be awarded, the price
(if any) to be paid for the restricted shares, the time or times within which awards of restricted stock may be subject to forfeiture,
the vesting schedule and rights to acceleration thereof, and all other terms and conditions of restricted stock awards. Unless otherwise
provided in the applicable award agreement, a participant generally will have the rights and privileges of a stockholder as to such restricted
shares, including without limitation the right to vote such restricted shares and the right to receive dividends, if applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Restricted Stock Units.</U> Restricted stock
units are the right to receive Common Stock at a future date in accordance with the terms of such grant upon the attainment of certain
conditions specified by the plan administrator. Restrictions or conditions could include, but are not limited to, the attainment of performance
goals, continuous service with the Company or its subsidiaries, the passage of time or other restrictions or conditions. The plan administrator
determines the persons to whom grants of restricted stock units are made, the number of restricted stock units to be awarded, the time
or times within which awards of restricted stock units may be subject to forfeiture, the vesting schedule and rights to acceleration thereof,
and all other terms and conditions of the restricted stock unit awards. The value of the restricted stock units may be paid in Common
Stock, cash, other securities, other property or a combination of the foregoing, as determined by the plan administrator.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The holders of restricted stock units will have
no voting rights. Prior to settlement or forfeiture, restricted stock units awarded under the New Plan may, at the plan administrator&rsquo;s
discretion, provide for a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all dividends
paid on one share of Common Stock while each restricted stock unit is outstanding. Dividend equivalents may be converted into additional
restricted stock units. Settlement of dividend equivalents may be made in the form of cash, Common Stock, other securities, other property,
or a combination of the foregoing. Prior to distribution, any dividend equivalents shall be subject to the same conditions and restrictions
as the restricted stock units to which they are payable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Other Stock-Based Awards.</U> Other stock-based
awards may be granted either alone, in addition to, or in tandem with, other awards granted under the New Plan and/or cash awards made
outside of the New Plan. The plan administrator shall have authority to determine the persons to whom and the time or times at which other
stock-based awards will be made, the amount of such other stock-based awards, and all other conditions, including any dividend and/or
voting rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Tax Withholding</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Participants in the New Plan are responsible for
the payment of any federal, state, or local taxes that the Company or its subsidiaries are required by law to withhold upon the exercise
of options or stock appreciation rights or vesting of other awards. The plan administrator may cause any tax withholding obligation of
the Company or its subsidiaries to be satisfied, in whole or in part, by the applicable entity withholding from shares of Common Stock
to be issued pursuant to an award a number of shares with an aggregate fair market value that would satisfy the withholding amount due.
The plan administrator may also require any tax withholding obligation of the Company or its subsidiaries to be satisfied, in whole or
in part, by an arrangement whereby a certain number of shares issued pursuant to any award are immediately sold and proceeds from such
sale are remitted to the Company or its subsidiaries in an amount that would satisfy the withholding amount due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Equitable Adjustments</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of a merger, consolidation, recapitalization,
stock split, reverse stock split, reorganization, split-up, spin-off, combination, repurchase or other change in corporate structure affecting
shares of Common Stock, the maximum number and kind of shares reserved for issuance or with respect to which awards may be granted under
the New Plan will be adjusted to reflect such event, and the plan administrator will make such adjustments as it deems appropriate and
equitable in the number, kind, and exercise price of shares of Common Stock covered by outstanding awards made under the New Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Change in Control</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of any proposed change in control
(as defined in the New Plan), the plan administrator will take any action as it deems appropriate, which action may include, without limitation,
the following: (i) the continuation of any award, if the Company is the surviving corporation; (ii) the assumption of any award by the
surviving corporation or its parent or subsidiary; (iii) the substitution by the surviving corporation or its parent or subsidiary of
equivalent awards; (iv) accelerated vesting of the award, with all performance objectives and other vesting criteria deemed achieved at
targeted levels, and a limited period during which to exercise the award prior to closing of the change in control, or (v) settlement
of any award for the change in control price (less, to the extent applicable, the per share exercise price).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Transferability</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unless determined otherwise by the plan administrator,
an award may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner, except to a participant&rsquo;s estate
or legal representative, and may be exercised, during the lifetime of the participant, only by the participant. If the plan administrator
makes an award transferable, such award will contain such additional terms and conditions as the plan administrator deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Term</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The 2020 Plan became effective when adopted by
the Board on August 6, 2020 and, unless terminated, the New Plan will continue in effect for a term ending August 6, 2030.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><I>Amendment and Termination</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board may amend or terminate the New Plan
at any time. Any such termination will not affect outstanding awards. No amendment, alteration, suspension, or termination of the New
Plan will materially impair the rights of any participant, unless mutually agreed otherwise between the participant and the Company. Approval
of the stockholders shall be required for any amendment, where required by applicable law, as well as (i) to increase the number of shares
available for issuance under the New Plan and (ii) to change the persons or class of persons eligible to receive awards under the New
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Form S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Following the approval of the stockholders of
the New Plan, the Company intends to file with the SEC a registration statement on Form S-8 covering the shares of Common Stock issuable
under the New Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Material United States Federal Income Tax Considerations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following is a general summary under current
law of the material U.S. federal income tax considerations related to awards and certain transactions under the New Plan, based upon the
current provisions of the Code and regulations promulgated thereunder. This summary deals with the general federal income tax principles
that apply and is provided only for general information. It does not describe all federal tax consequences under the New Plan, nor does
it describe state, local, or foreign income tax consequences or federal employment tax consequences. The rules governing the tax treatment
of such awards are quite technical, so the following discussion of tax consequences is necessarily general in nature and is not complete.
In addition, statutory provisions are subject to change, as are their interpretations, and their application may vary in individual circumstances.
This summary is not intended as tax advice to participants, who should consult their own tax advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The New Plan is not qualified under the provisions
of Section 401(a) of the Code and is not subject to any of the provisions of the Employee Retirement Income Security Act of 1974, as amended.
The Company&rsquo;s ability to realize the benefit of any tax deductions described below depends on the Company&rsquo;s generation of
taxable income as well as the requirement of reasonableness and the satisfaction of the Company&rsquo;s tax reporting obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Incentive Stock Options. </I>No taxable income
is generally realized by the optionee upon the grant or exercise of an incentive stock option. If shares of Common Stock issued to an
optionee pursuant to the exercise of an incentive stock option are sold or transferred after two years from the date of grant and after
one year from the date of exercise, then generally (i) upon sale of such shares, any amount realized in excess of the option exercise
price (the amount paid for the shares) will be taxed to the optionee as a long-term capital gain, and any loss sustained will be a long-term
capital loss, and (ii) the Company will not be entitled to any deduction for federal income tax purposes; provided that such incentive
stock option otherwise meets all of the technical requirements of an incentive stock option. The exercise of an incentive stock option
will give rise to an item of tax preference that may result in alternative minimum tax liability for the optionee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If shares of Common Stock acquired upon the exercise
of an incentive stock option are disposed of prior to the expiration of the two-year and one-year holding periods described above (a &ldquo;disqualifying
disposition&rdquo;), generally (i) the optionee will realize ordinary income in the year of disposition in an amount equal to the excess
(if any) of the fair market value of the shares of Common Stock at exercise (or, if less, the amount realized on a sale of such shares)
over the option exercise price thereof, and (ii) the Company will be entitled to deduct such amount. Special rules will apply where all
or a portion of the exercise price of the incentive stock option is paid by tendering shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an incentive stock option is exercised at a
time when it no longer qualifies for the tax treatment described above, the option is treated as a nonqualified option. Generally, an
incentive stock option will not be eligible for the tax treatment described above if it is exercised more than three months following
termination of employment (or one year in the case of termination of employment by reason of disability). In the case of termination of
employment by reason of death, the three-month rule does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Nonqualified Options. </I>No income is generally
realized by the optionee at the time a nonqualified option is granted. Generally (i) at exercise, ordinary income is realized by the optionee
in an amount equal to the difference between the option exercise price and the fair market value of the shares of Common Stock on the
date of exercise, and the Company receives a tax deduction for the same amount, and (ii) at disposition, appreciation or depreciation
after the date of exercise is treated as either short-term or long-term capital gain or loss depending on how long the shares have been
held. Special rules will apply where all or a portion of the exercise price of the nonqualified option is paid by tendering shares of
Common Stock. Upon exercise, the optionee will also be subject to Social Security taxes on the excess of the fair market value over the
exercise price of the option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units, and Other Stock-Based Awards. </I>The current federal income tax consequences of other awards authorized under
the New Plan generally follow certain basic patterns: (i) stock appreciation rights are taxed and deductible in substantially the same
manner as nonqualified options; (ii) nontransferable restricted stock subject to a substantial risk of forfeiture results in income recognition
equal to the excess of the fair market value over the price paid, if any, only at the time the restrictions lapse (unless the recipient
elects to accelerate recognition as of the date of grant through a Section 83(b) election); and (iii) restricted stock units, dividend
equivalents and other stock or cash based awards are generally subject to tax at the time of payment. The Company or our subsidiaries
or affiliates generally should be entitled to a federal income tax deduction in an amount equal to the ordinary income recognized by the
participant at the time the participant recognizes such income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The participant&rsquo;s basis for the determination
of gain or loss upon the subsequent disposition of shares acquired from a stock appreciation right, restricted stock, restricted stock
unit, or other stock-based award will be the amount paid for such shares plus any ordinary income recognized when the shares were originally
delivered, and the participant&rsquo;s capital gain holding period for those shares will begin on the day after they are transferred to
the participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Parachute Payments. </I>The vesting of any
portion of an award that is accelerated due to the occurrence of a change in control (such as a corporate transaction) may cause all or
a portion of the payments with respect to such accelerated awards to be treated as &ldquo;parachute payments&rdquo; as defined in the
Code. Any such parachute payments may be non-deductible to the Company, in whole or in part, and may subject the recipient to a non-deductible
20% federal excise tax on all or a portion of such payment (in addition to other taxes ordinarily payable).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Section 409A. </I>The foregoing description
assumes that Section 409A of the Code does not apply to an award under the New Plan. In general, stock options and stock appreciation
rights are exempt from Section 409A if the exercise price per share is at least equal to the fair market value per share of the underlying
stock at the time the option or stock appreciation right was granted. Restricted stock awards are not generally subject to Section 409A.
Restricted stock units are subject to Section 409A unless they are settled within two and one half months after the end of the later of
(1) the end of the Company&rsquo;s fiscal year in which vesting occurs or (2) the end of the calendar year in which vesting occurs. If
an award is subject to Section 409A and the provisions for the exercise or settlement of that award do not comply with Section 409A, then
the participant would be required to recognize ordinary income whenever a portion of the award vested (regardless of whether it had been
exercised or settled). This amount would also be subject to a 20% U.S. federal tax and premium interest in addition to the U.S. federal
income tax at the participant&rsquo;s usual marginal rate for ordinary income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Vote Required for Approval</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The affirmative vote of a majority of the votes
cast at the Annual Meeting by the holders of Common Stock and Preferred Stock, voting together as a single class is required to approve
the New Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recommendation of the Board</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS
THAT THE STOCKHOLDERS VOTE &ldquo;FOR&rdquo; THE APPROVAL OF THE AMENDED ANA RESTATED 2020 SHARE INCENTIVE PLAN PROPOSAL.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The existence of financial and personal interests
of one or more of directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe
is in the best interests of the Company and its stockholders and what he, she or they may believe is best for himself, herself or themselves
in determining to recommend that stockholders vote for the proposals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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