On June 11, 2021, Item 9 Labs Corp. and Mr. Bryce Skalla entered into a Separation Agreement and General Release in connection with Mr. Skalla's resignation from employment and as a member of the Board of Directors of the Company. Pursuant to the Separation Agreement, the Company has agreed to continue to pay Mr. Skalla an aggregate $250,000 in equal monthly installments over the twelve month period following June 11, 2021.