On May 28, 2026, Olenox Industries Inc. (the "Company") appointed Erik Blum as the Company's President effective June 1, 2026, and entered into an employment agreement with Mr. Blum (the "Employment Agreement") to employ Mr. Blum commencing on June 1, 2026, in such capacity for an initial term of one (1) year, and which Employment Agreement provides for an annual base salary of $200,000, a restricted stock grant under the Company's Stock Incentive Plan for $50,000 worth of shares of the Company's common stock, vesting quarterly on a pro-rata basis over the next eighteen (18) months of continuous service, and an annual performance bonus of up to 20% of Mr. Blum's then-base salary, payable in cash and/or equity, as determined by the Company's Board of Directors. Mr. Blum continues to serve as a member of the Company's Board of Directors. Mr. Blum resigned from the Company's Audit Committee and as Chair of the Audit Committee prior to his appointment as the Company's President.

Erik. Blum, age 60, currently serves as Chief Executive Officer of Fynntechnical Innovations Inc (FYNN), where he has led the corporate operations of a publicly traded company, also led taking FYNN from a non-reporting pink sheet status to a audited, reporting entity under the Securities Exchange Act of 1934, as amended, as of November 2023. With over 30 years' experience in debt, corporate finance, and company management, Mr. Blum has long-term knowledge relating to equity and debt markets. Beginning in 2001, Mr. Blum structured CMOs with a specialization in inverse floaters for Fannie Mae and Freddie Mac. In 2005, he helped create a reverse convertible bond desk for Stern Agee. He was a registered principal compliance offer for close to 27 years on Wall Street. He left Wall Street in 2010 to found JW Price LLC, a corporate consulting firm, which focused on providing business development services to microcaps and other small public companies. During his time at JW Price, Mr. Blum helped multiple companies become successful public traded entities. He has sat as CEO, CFO, and director of multiple companies and has been instrumental in helping in enabling their turnaround.

Mr. Blum is subject to a one-year post-termination non-compete and non-solicit of employees and clients. Mr. Blum is also bound by confidentiality provisions.

There are no family relationships between Mr. Blum and any of the Company's directors or executive officers. In addition, as set forth above, Mr. Blum is not a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The descriptions of the Employment Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Employment Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

On June 5, 2026, Olenox Industries, Inc. (the "Company") informed Patricia Kaelin, Chief Financial Officer of the Company, of her dismissal from the Company, and the Company received a resignation letter back from her the same day. The Company has commenced its search for a replacement Chief Financial Officer.