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

On January 6, 2023, HUMBL, Inc. ("HUMBL") terminated Javier Gonzalez from his position as Chief Technology Officer. Mr. Gonzalez's employment agreement with HUMBL provided for an initial term of 18 months, which initial term expired on December 3, 2022. Following the initial term, either party could terminate the employment agreement by providing 15 days' prior written notice to the other party. HUMBL elected to exercise its right to terminate the employment agreement and provided Mr. Gonzalez with the applicable written notice. Mr. Gonzalez's termination became effective on January 6, 2023. Because Mr. Gonzalez's employment agreement was terminated after the initial term, HUMBL does not owe Mr. Gonzalez any severance or other payments. The functions performed by Mr. Gonzalez will be filled by the current technology team at HUMBL.

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