On May 1, 2020, ImageWare Systems, Inc. (the "Company") announced the appointment of Jonathan D. Morris as Senior Vice President and Chief Financial Officer of the Company, effective May 1, 2020. A copy of the press release issued by the Company regarding Mr. Morris' appointment is attached hereto as Exhibit 99.1. Mr. Morris replaces Wayne Wetherell who resigned as the Company's Senior Vice President, Chief Financial Officer and Corporate Secretary, effective May 1, 2020.

Mr. Morris, age 44, has over 23 years of experience as a finance executive holding key leadership positions in financial management, mergers & acquisitions, private equity, and both merchant banking and investment banking. Mr. Morris previously served as Chief Financial Officer of American Patriot Brands, a provider of consumer staples since joining the organization in 2019. Prior to that, Mr. Morris served in Direct Investments and Special Opportunities with Private Family Office from 2015 to 2019, where his primary responsibilities included the investment sourcing and long-term strategic partnerships with core stakeholders both domestically and internationally. From 2012 to 2015, he served in technology, media and telecommunications with Blackstone Group and from 2005 to 2012, he held positions within investment banking divisions of Credit Suisse. Mr. Morris began his career in 1997 within the merchant banking division of Lombard, Odier et Cie, private bank in Switzerland. Mr. Morris earned his Bachelor's degree in Finance from the University of Virginia and an MBA from Georgetown University.

There are no family relationships between Mr. Morris and any director or executive officer of the Company.

Mr. Morris will be paid an annual base salary of $252,000, and will be granted an option to acquire 850,000 shares of the Company's common stock, par value $0.01 per share, which stock option, upon issuance, will vest in twelve equal monthly installments beginning thirty days from the effective date of Mr. Morris' employment.

(d) Exhibits.