PCT Ltd (PCTL)

[lucky, mydog]

During the year ended December 31, 2022, the Company revised the terms of an employment agreement with the
CFO to increase the amount of unvested stock options from 4,000,000 to 7,000,000 which shall vest incrementally
over four years in the following manner: 1,500,000 stock options on September 1, 2022, 1,500,000 stock options on
September 1, 2023, 2,000,000 stock options on September 1, 2024 and the final 2,000,000 stock options on September
1, 2025. Upon modification of the stock options, the Company calculated the incremental compensation cost of
$42,899, which will be amortized to expense over the vesting period.