On December 14, 2023, Israel Abitbol informed 374Water Inc. of his resignation as Chief Financial Officer of the Company, effective January 5, 2024 (the "Effective Date"). His resignation did not arise from any disagreement on any matter relating to the operations, policies, or practices of the Company. After the Effective Date, Mr. Abitbol has agreed to serve as a consultant to the Company to assist with the transition.

On December 20, 2023, the Company announced the appointment of Adrienne Anderson as Chief Financial Officer of the Company, effective January 8, 2024. Adrienne Anderson, age 45, is a certified public accountant and has spent the last several years of her career primarily focused on financial statement audits under Public Company Accounting Oversight Board auditing standards for SEC reporting companies. In June 2023, Ms. Anderson launched Anderson Accounting and Consulting, LLC.

A consulting firm that focuses on assisting public companies or private companies looking to ?go public? with financial reporting, technical accounting matters, complex debt and equity transactions, and preparing for financial statement audits. The focus of her firm is to help clients create efficiencies in the financial reporting process and external audit process.

Prior to that, Ms. Anderson was an audit partner at a PCAOB registered public accounting firm located in Palm Beach Gardens, Florida where she focused her practice on accounting, auditing, attest and review services, specializing in working with emerging growth and high growth technology, manufacturers, distributors and service companies, as well as government contractors, both SEC registrants and private companies. From October 2014 to December 2018, she was with WithumSmith + Brown, a large regional CPA firm, having been promoted to partner of the firm in July 2017. Ms. Anderson also serves as the Audit Committee Chair for SharpLink Gaming Ltd., a Nasdaq listed company headquartered in Minneapolis, Minnesota and provider of performance marketing and advanced technology-enabled fan engagement and conversion solutions in the US sports betting and iGaming industries.

Ms. Anderson earned a Bachelor of Science in Accounting from Eastern Illinois University and is a certified public accountant licensed in the states of Florida and Illinois. For her service to the Company, Ms. Anderson will earn a monthly salary of $14,000 in cash and a restricted stock unit grant equal to $1,500 per month. There is no arrangement or understanding between Ms. Anderson and any other persons pursuant to which Ms. Anderson was appointed to her position.

There are no family relationships between Ms. Anderson and any of the Company?s officers or directors. Other than as described below, there are no other transactions to which the Company or any of its subsidiaries is a party in which Ms. Anderson has a material interest subject to disclosure under Item 404(a) of Regulation S-K.