On June 17, 2019, Sigma Labs, Inc. entered into an employment letter agreement with Frank D. Orzechowski, effective July 1, 2019 (the Effective Date), pursuant to which Mr. Orzechowski has agreed to serve as Chief Financial Officer, Treasurer, principal accounting officer, principal financial officer and Corporate Secretary on an “at-will” basis. Mr. Orzechowski has over 30 years of financial and operational experience. Since September 2013, Mr. Orzechowski has served as the Chief Financial Officer of StormHarbour Partners LP.

From May, 2013 to August 2013, Mr. Orzechowski served as a contract CFO for Etouches Inc. Prior to that, he served as President and Owner/Operator of Four-O Technologies Inc. from August 2009 to December 2012, where he successfully launched and guided operations for two Cartridge World franchise units in Connecticut. On June 17, 2019, the company entered into a transition and separation agreement with Nannette Toups, current Chief Financial Officer, Treasurer, principal accounting officer, principal financial officer and Corporate Secretary, pursuant to which the company and Ms. Toups agreed that she will resign from such positions, effective July 1, 2019. Under the Separation Agreement, Ms. Toups' employment with the Company will continue through August 15, 2019 (unless earlier terminated), during which period Ms. Toups will assist in the transition of her duties.

After such date, Ms. Toups and the Company intend to enter into a consulting agreement under which Ms. Toups will continue to provide services to the company on an as needed basis.