Announcement • Jun 09

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KwikClick, Inc. Announces Board and Committee Changes

On May 31, 2023, Dan Shaw, a member of the Board of Directors of KwikClick, Inc., notified the Company of his intention to resign from the Company’s Board of Directors (the “Board”) and all committees, effective May 31, 2023. Mr. Shaw has indicated that his departure from the Board was not the result of any disagreement with management or the Board but was in order to more fully pursue other commitments. On May 31, 2023, Matthew Williams, President of the Company, notified the Board of Directors of his intention to resign from the Company effective May 31, 2023. Mr. Williams has indicated that his departure from the Company was not the result of any disagreement with management or the Board but was in order to more fully pursue other commitments. On May 31, 2023 during a meeting of the Board of Directors, Fred Cooper, a major shareholder of KwikClick, Inc., was nominated, unanimously approved, and appointed to serve as the Chairman of the Board of Directors of the Company. Mr. Cooper was also appointed as Chief Executive Officer and President of the Company, filling the vacancy created by Mr. Williams’ resignation. Fred W. Cooper, Ph.D., age 60, President and Chief Executive Officer. Dr. Cooper has served as a director and CEO of the Company since June 2020. Since November 16, 2020, Dr. Cooper has also serviced on the Board of Directors of NewAge, Inc. (Nasdaq: NBEV), a Colorado-based social selling and distribution company with a network of independent business owners across 75 countries worldwide. Mr. Cooper became a director in connection with the closing of NewAge’s merger with Ariix, LLC (“Ariix”). Dr. Cooper brings more than 25 years of e-commerce and direct selling experience and was a Founder and the Chief Executive Officer of ARIIX prior to merging ARIIX with NewAge. Under Dr. Cooper’s leadership, ARIIX was one of the fastest-growing direct selling companies over its nine years of business, and in 2020, was recognized as number 35 on the DSN’s list of Top 100 global companies. Prior to founding ARIIX in July 2011, he was the President and Chief Operating Officer of NYSE listed USANA Health Sciences. He started his career in direct sales at USANA in 1998 where he played many critical roles, serving in different executive capacities in Special Projects, Information Technology, and Global Operations. Dr. Cooper also spent over ten years teaching entrepreneurship and statistics courses as a part-time professor at the University of Utah. Dr. Cooper earned a B.S. in Finance and a B.S. in Psychology from the University of Utah. He also earned a Ph.D. in Business Administration, with an emphasis on statistics and operations processes and management, from the University of Utah. Mr. Cooper is qualified to serve on board of directors due to his vast business experience and the fact that he is the mastermind behind the Company’s product. Appointment of Jeffrey Yates to the Board of Directors On May 31, 2023 during a meeting of the Board of Directors, Jeffrey Yates, the Company’s Chief Financial Officer, was nominated, unanimously approved, and appointed to serve as a Director of the Company. Jeffrey Yates, age 61, has a strong track record for achievement, leadership experience in financial management, strategic planning, and business development. Mr. Yates has extensive experience in accounting, forecasting, cash flow management, treasury, budgeting, financial and operational analysis, reporting and compliance. Proven leadership capabilities in executive management, operations, information systems and project management. Mr. Yates served as Chief Financial Officer for ARIIX from May 2011 – July 2021 and previously served as Chief Financial Officer for Usana Health Sciences from June 2008 – May 2011, also having been a chief financial officer and executive officer in other organizations. Mr. Yates began his career in finance management in 1990 while serving as a certified public accountant with Price Waterhouse. He is a member of the American Institute of Certified Public Accountants and Utah Association of Certified Public Accountants. Jeffrey attended Brigham Young University where he studied and received his Master of Accountancy and Bachelor of Science with an emphasis in Management Accounting in December of 1989. On May 31, 2023, during a meeting of the Board of Directors, the following Committees were reorganized with new members nominated, unanimously approved and appointed as follows: Audit Committee – Jeff Roberts, Chair; Jeffrey Yates, Committee Member; Compensation Committee – Brady Cooper, Chair; Robert Green, Committee Member; and Governance Committee – Jeffrey Yates, Chair; Fred Cooper, Committee Member.

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