On December 6, 2019, the Board of Directors of Diego Pellicer Worldwide, Inc. held a Special Meeting during which the Board adopted resolutions approving restated employment agreements for Nello Gonfiantini III, Registrant's Chief Executive Officer, and Christopher D. Strachan, Registrant's Chief Financial Officer. On October 29, 2019, Mr. Gonfiantini who was serving as Senior VP-Real Estate, was appointed Registrant's Chief Financial Officer and Mr. Strachan, Registrant's Chief Financial Officer, was appointed to the Board.