Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 21, 2020 Amazing Energy Oil and Gas, Co. ("Amazing Energy" or the "Company") entered into an employment agreement, effective as of February 13, 2020, with Ben Jacobson III as the Company's Chief Financial Officer ("CFO").

Mr. Jacobson co-founded ICP, LLC, a company focused on investing in exploration and production companies which target domestic oil fields. Mr. Jacobson has also worked as a consultant and capital advisor to a high growth oil and gas service company focusing on financial structuring. Mr. Jacobson spent over a decade as an alternative investment manager and Specialist with New York Stock Exchange Member firm, Benjamin Jacobson & Sons ("BJS") where he was a partner. Mr. Jacobson spent 6 years as Vice President of Goldman Sachs ("Goldman") after Goldman acquired BJS in 2001, where he directed the trading operations and risk management activities for a clientele of major global corporations. Mr. Jacobson holds a Bachelor of Arts degree from the University of Denver.

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