On January 19, 2024, Mr. Paul D. Freudenthaler resigned as Chief Financial Officer of Freight Technologies, Inc. (the ?Company?), which was accepted by the board of directors of the Company (the ?Board of Directors?) with immediate effect. Mr. Freudenthaler?s resignation is for personal reasons and there are no disagreements between Mr. Freudenthaler and the Company. His departure is not related to the operations, policies or practices of the Company or any issues regarding accounting policies or practices.

In order to maintain continuity and ease of transition, Mr. Freudenthaler will continue as Secretary of the Company and will join the Board as a non-independent director with effect from January 19, 2024. In connection therewith, Mr. Freudenthaler signed a Board Services Agreement with the Company. Pursuant to the said agreement, Mr. Freudenthaler will serve as a member of the Board until the earlier of the next annual meeting of shareholders, his successor is duly elected and qualified, he is terminated earlier or due to this resignation or removal in accordance with the Company?s governing documents and applicable law.