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Item 1.01
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Entry into a Material Definitive Agreement.
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Agreements with New Member of Board of Advisors
On April 7, 2021, the Registrant entered into an agreement with
Pranav Nawani, PhD, pursuant to which he joins Messrs. Andrew Spencer and David E. Burnett on the Registrant’s Board of Advisors.
A copy of such agreement is filed as exhibit 10.01 to this current report. The material terms of such agreements pertaining to
compensation are identical to those of Messrs. Spencer and Burnett as disclosed in the current report on Form 8-K filed by the
Registrant with the Commission on December 1, 2020.
Dr. Nawani has previously worked with Messrs. Spencer and Burnett,
two other members of Puget’s Board of Advisors, in development of particulate nanotechnology for use in augmenting electrical
generation and information storage capacity for different media, including solar panels, an area of interest for Puget as it expands
its operations.
Dr. Pranav Nawani has joined its Board of Advisors. Dr. Nawani,
age 47, is a Research Scientist at Washington State University’s Institute for Shock Physics, Applied Sciences Laboratory.
Dr. Nawani has a long trajectory investigating issues related to
nanomaterials and polymer nanocomposite materials research and his research lies at the confluence of polymer chemistry, polymer
physics, applied chemistry, material science, and biomaterials. Dr. Nawani’s research interests are focused on developing
advanced materials and polymer nanocomposites for applications in paints, coatings, aerospace, automotive, energy, biomedical device,
and the commodity polymer industry. He graduated from Stony Brook University with a PhD in Chemistry. Prior to receiving his PhD,
he earned a Bachelor’s degree (Honors) in Chemistry and a Master of Science in Physical Chemistry degree from Delhi University
in Delhi, India. He also obtained an MBA in Marketing from the Somaiya Institute of Management Science & Research in India
and a Master of Science degree in Chemistry from Stony Brook University. Dr. Nawani has more than seventeen years of diverse academic
and industrial experience, five years of which were prior to the beginning of his research career as a Ph.D. candidate. Prior to
his Ph.D., he worked in the areas of production, advertising, marketing, and product development. He also has more than 12 years
of multi-disciplinary research experience involving synthesizing, formulating, functionalizing, modifying and investigating interfacial
interaction, structure, morphology and properties of various polymers, filler materials, biopolymers, and polymer nanocomposites
materials. Dr. Nawani has developed materials and advanced nanocomposites for various commercial applications, has published in
various international journals and has been awarded a patent in development of biodegradable hydraulic fluid and has filed several
provisional patent applications for development of various materials and coatings. Prior to joining the Applied Sciences Laboratory,
Dr. Nawani was a technical director at Nano Science Engineering Corporation (nanoSEC) in Michigan where, as head of research and
development, he developed various novel technologies in materials and polymer composites.
Puget Technologies, Inc., current report on Commission Form 8-K, Page 2 (excluding exhibits)
Representative publications include Pranav Nawani, Christian Burger,
Mikhail Y. Gelfer, Benjamin Chu, Benjamin. S. Hsiao, Andy H. Tsou and Weiqing Weng, Structure and permeability relationships
in polymer nanocomposites containing carbon black and organoclayEffect of carbon black on the Orientation of Nanoclays dispersed
in polymer and its effect on the permeability of Polymer, (May 2015); Pranav Nawani, Christian Burger, Mikhail Y. Gelfer,
Benjamin Chu, Benjamin. S. Hsiao, Andy H. Tsou and Weiqing Weng, Nanoclays Orientation in Polymer Nanocomposites, Polymer
(Oct 2010); Pranav Nawani, Hongwen Zhou, Chris Burger, Benjamin Chu & Benjamin S Hsiao, “Chapter 8: Structural Analysis
of Biological and Technical Nanocomposites by X-Ray Scattering”, Pgs 183 to 188; Lecture Notes in Physics, Springer-Verlag
(2008); and, Pranav Nawani, Mikhail Gelfer, Benjamin. S. Hsiao, Anatoly Frenkel, Jeffrey W. Gilman & Syed Khalid, Preparation
and Characterization of Transition Metal Ion Modified Nanoclays, Langmuir (Sep 2007). Information concerning additional publications
by Dr. Nawani is available at https://scholar.google.com/citations?user=mnVZr8kAAAAJ&hl=en.
