On January 5, 2024 (the ?Termination Date?), Chris DeAlmeida?s employment as Chief Financial Officer of Wrap Technologies, Inc. (the ?Company?) was terminated without cause, effective immediately, pursuant to a Separation Agreement and Mutual Release of Claims (the ?Separation Agreement?). The termination of Mr. DeAlmeida?s employment was not the result of any disagreement regarding any matter relating to the Company?s operations, policies, or practices. Mr. DeAlmeida further agreed to provide his continued cooperation with the Company and its affiliates through January 31, 2024, or such later date as may be mutually agreed to (the ?Cooperation Period?).