On September 9, 2022, LiqTech International, Inc. and Alexander J. Buehler, agreed to certain amendments of Mr. Buehler's Interim CEO Agreement. As previously announced, Fei Chen has begun her role as Chief Executive Officer of the Company starting on September 12, 2022. Mr. Buehler has stepped down as Interim CEO effective upon Ms. Chen's assumption of the role, and therefore his Interim CEO Agreement was to terminate.

The Company and Mr. Buehler have agreed, however, that Mr. Buehler should stay on full time for a short period to assist with the transition and therefore his Interim CEO Agreement will now terminate on September 30, 2022. Additionally, Mr. Buehler, who continues to serve on the board of directors of the Company, has agreed to provide additional CEO transition services from October 1, 2022 through November 11, 2022. As compensation for such services, the Company will issue Mr. Buehler $47,753 of restricted stock units of the Company.