On July 31, 2022, Eric C. Jaffe resigned as Chief Executive Officer of Everything Blockchain Inc. (the Company), effective immediately. Mr. Jaffe's resignation was due to health concerns, not the result of any disagreement between him and the Company, Board of Directors or any committee of the Board of Directors of the Company on any matter. Mr. Jaffe will continue in his position as a Director of the Company.

On July 31, 2022, Michael W. Hawkins, Chairman of the Board of Everything Blockchain, Inc. appointed Toney E. Jennings as the Interim Chief Executive Officer of the Company. Mr. Jennings will also continue to serve as the Company's Chief Operating Officer, a position he has held since July 31, 2021. Mr. Jennings is a cybersecurity pioneer that has been leading teams in the cybersecurity and information technology fields for over 30 years.

Prior to his involvement in developing of the world's first Zero Trust Data Platform, he was CEO of Encryptics, Inc., which developed rights-managed data encryption and protection solutions. He was also Chairman of SignaCert, Inc., having purchased the IP and assets from Harris Corporation, SignaCert delivered comprehensive and affordable compliance verification and continuous monitoring solutions to both enterprise and government customers. One of his earlier successes was as a founder, CEO, and Chairman of WheelGroup Corporation, the creators of the first commercially available intrusion detection system, delivered through its successful sale to Cisco Systems. Earlier in his career, Mr. Jennings led teams at Trident Data Systems and as an officer at the Air Force Information Warfare Center (AFIWC), conducting penetration testing and vulnerability assessments of operational Department of Defense (DoD) networks.