RELIANCE GLOBAL GROUP, INC. : Change in Administrators or Principal Officers (kind 8-Ok)

Merchandise 5.02 Departure of Government Officer; Appointment of Government Officer

Efficient June 1, 2022, Reliance World Group, Inc. (the “Firm”) appointed William Lebovics to function Chief Monetary Officer (CFO). Previous to becoming a member of the
Firm, Mr. Lebovics served as Director of Enterprise Growth at IDT
Company (NYSE: IDT), from 2021-2022, the place he labored carefully with Chairman Howard Jonas on two new strains of enterprise for the corporate. From 2019-2021,
William served as Finance Supervisor of IDW Media Holdings (NYSE: IDW) the place he was
answerable for coping with monetary reporting, financing, and M&A, in addition to
different finance associated operations. From 2016-2018 Mr. Lebovics was Companion and
Product Proprietor of a cellular tech firm overseen by T5 Capital. Mr. Lebovics brings intensive company finance expertise, together with prior roles as a
Portfolio Supervisor of Various Investments at Nippon Life World Buyers and
as a Actual Property Guide in PwC’s Actual Property Group. Mr. Lebovics has an MS
in Accounting from Fairleigh Dickenson College, an MS in Actual Property with a
focus in Finance and Funding from NYU, and a BS in Enterprise
Administration from Touro School. In connection along with his appointment, Mr. Lebovics will obtain an annual wage of $250,000.

On Could 27, 2022, Alex Blumenfrucht, the Firm’s present CFO notified the Board
of Administrators (the “Board”) of the Firm in writing of his determination to resign,
which is able to turn out to be efficient June 1, 2022, as he needs to pursue one other profession
alternative outdoors the insurance coverage company trade. Mr. Blumenfrucht will
proceed to stay a member of the Board and can obtain month-to-month numeration of
$3,500.

As beforehand reported, on February 1, 2022, the Firm appointed Joel
Markovits to the place of Chief Accounting Officer (CAO). This shifted the
major accounting tasks from the CFO to the CAO who assumed the
capability of principal accounting officer.

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