Management Change/Compensation Form 8 K

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

On November 1, 2024, the Board of Directors ("the Board") of Skkynet Cloud Systems, Inc. ("the Company") appointed Mr. Xavier Mesrobian to serve as a director of the Company, effective immediately. Mr. Mesrobian will serve as a director whose current term will expire at the Company's next annual meeting of stockholders. Mr. Mesrobian has been the Vice Present of Sales and Marketing of the Company since October 2013, and he brings significant experience to the Board as it plans its future areas of business.

In connection with his appointment, Mr. Mesrobian will receive compensation in accordance with the Company's standard non-executive director pay and stock option plan.

On November 1, 2024, Mr. Mesrobian resigned his position as Vice President of Sales and Marketing. In anticipation of the resignation, the Company hired new sales and marketing staff, who will continue to receive guidance from Mr. Mesrobian in his new role at the Company.