On January 27, 2022, Karen Fordham, Chief Executive Officer of the Puget Technologies, Inc., notified the Company she was terminating the Employment Agreement for good reason thereunder effective immediately. The Company expects to engage in discussions with Ms. Fordham regarding the terms of her departure. At the current time, she remains as a member of the Registrant's Board of Directors.

The Registrant will be actively searching for a new President and Chief Executive Officer.