Item 1.01 Entry into a Material Definitive Agreement.

Albert Mayer Cohen

On April 1, 2022, the Registrant entered into a five year employment agreement with its new president and chief executive officer, Albert Mayer Cohen. A copy of such agreement is filed herewith as exhibit 10.01 and the following summary is qualified in its entirety by reference to such agreement.

Given Mr. Cohen's preexisting role with Qest Consulting Group, Inc., a Colorado corporation and the Registrant's "parent" as that term is defined in Rule 405 of Securities and Exchange Commission (the "Commission") Regulation C, and his anticipated continuing involvement with Qest and other ventures, the agreement is non-exclusive but Mr. Cohen has agreed "to devote all time necessary to the affairs of … [the Registrant] necessary to fully and completely discharge his duties". Mr. Cohen is entitled to share in benefits on the same terms as other senior executives, when and if adopted by the Registrant and his compensation will be:

A. In the form of Qualified Incentive Stock options entitling him to acquire

$1,000,000 in shares of the Registrant's Common Stock each year during the
    five year period ending on March 31, 2027 at an exercise price of 110% of the
    Market Price for Puget's Common Stock on the date of issuance of the options.
    The date of grant of options for the first year of the Agreement is March 31,
    2022, and March 31 will also be the year for grant of options each subsequent
    year. The Qualified Incentive Stock options will each vest over a three year
    period with 25% of the options vesting at the end of the first year following
    their issuance, 35% vesting at the end of the second year and 40% vesting at
    the end of the third year.

B. Subject to Mr. Cohen's having met his fundraising obligations to the


    Registrant, either through earnings before interest, taxes, depreciation, and
    amortization (EBITDA) or through obtaining equity investors and subject to
    availability of required cash not necessary in order to meet other corporate
    obligations, the Qualified Incentive Stock options will be supplemented by a
    cash salary of $250,000 per annum with any unpaid portions due to
    unavailability of cash accruing and yielding interest at the rate of five
    percent, per annum, compounded quarterly.

Given Mr. Cohen's association with Qest, the securities to be issued upon exercise of the Qualified Incentive Stock options have been and will continue to be irrevocably assigned by Mr. Cohen to Qest. Furthermore, Mr. Cohen has been granted permission by the Registrant to retain personal advisors to assist him with the performance of his duties to the Registrant, but at Mr. Cohen's personal expense.

Thomas Jaspers:

Thomas M. Jaspers has served as an officer and director of the Registrant since 2014 but his employment agreement with the Registrant entered into during October of 2015 expired during October of 2020. Since that time he has continued to make his services available to the Registrant without payment of salary. Until the resignation of prior management. Mr. Jaspers intended to terminate his association with the Registrant but Mr. Cohen has persuaded Mr. Jaspers to enter into a new five year employment agreement with the Registrant, a copy of which is filed herewith as exhibit 10.01 and the following summary is qualified in its entirety by reference to such agreement. Mr. Jaspers will be paid an annual salary of $125,000 per year, subject to availability of otherwise unallocated funds, with all unpaid salary accruing and earning interest at the rate of 5% compounded quarterly.

Puget Technologies, Inc., current report on Commission Form 8-K, Page 2

Item 1.02 Termination of a Material De?nitive Agreement.

During Mr. Cohen's initial due diligence investigations he discovered that on February 26, 2022, the Registrant's investment banker had notified Mr. Hermann Burckhardt, the Registrant's prior president and chief executive officer, that "given, that we are not active in a raise for you, and haven't been for some time now; please note that we are terminating our Agreement dated October 12, 2021 as a matter of protocol." Mr. Burckhardt never notified the Registrant's board of directors of such notification, which should have been disclosed in a current report on Form 8-K on or before March 4, 2022. Mr. Cohen is working to either renew or replace such investment banking relationship and is confident that he will be able to do so.




 Item 8.01 Other Events.

Mr. Hermann Burckhardt, the Registrant's prior president and chief executive officer, has unilaterally cancelled the Registrant's prior website and related email addresses. The Registrant has obtained a new website at https://pugethecompany.com/.

The Registrant is also in the process of changing its physical and mailing address and telephone number and will temporarily use the following: 4675 South Yosemite Street, Unit 204; Denver, Colorado, 80237. +1 (614) 264-0070.

Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits.

Exhibits ?led as a part of this report.





                                  Exhibit Index

Exhibit Number   Description
10.01              Employment agreement between the Registrant and Albert Mayer
                 Cohen
10.02              Employment agreement between the Registrant and Thomas
                 Jaspers

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