Imperalis Holding Corp. announced that on March 16, 2022, Henry Nisser resigned as the sole member of the Company's Board of Directors. Effective immediately upon Mr. Nisser's resignation, Darren Magot was appointed as the sole member of the Board.

Furthermore, of even date herewith, the Board appointed Marcus Charuvastra to serve as the Company's President, effectively immediately. Darren Magot has served as the Chief Executive officer and sole member of the Board of Directors of AC Management Inc., and AMRE Management Inc., since October 2020 and previously served as the Chief Executive Officer and as a director of Ault Alliance Inc., from January 2019 to February 2022. Marcus Charuvastra has served as the President of TurnOnGreen Inc., since January 2022 and previously served as its Chief Revenue Officer since June 2021.

Mr. Charuvastra is an accomplished leader with 20 years of experience in strategic planning, sales, services, marketing and business and organizational development.