Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 489

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 1C
Chunk 489
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 costs
for the same level of coverage Mr. Cipriani had during his employment with the Company, until the earliest of (i) twelve months from October
3, 2024, (ii) the date Mr. Cipriani becomes eligible for substantially equivalent healthcare coverage through another source, or (iii)
the expiration of Mr. Cipriani’s eligibility for the continuation coverage. Further, and pursuant to the Separation Agreement, Mr.
Cipriani provided the Company with a general release of all claims, effective October 3, 2024.

Separation Agreement with Former CSO

Lee Arnold’s termination
as the Company’s Chief Science Officer effective July 1, 2024 (the “Arnold Separation Date”), in accordance with the
terms of his Executive Employment Agreement with the Company, dated as of February 1, 2023 (“Arnold Employment Agreement”),
and pursuant to Mr. Arnold’s Separation Agreement with the Company, effective as of July 1, 2024 (the “Arnold Separation Agreement”),
the Company will provide Mr. Arnold with (1) cash severance equivalent to twelve months of Mr. Arnold’s base salary in effect as
of the Arnold Separation Date, subject to standard payroll deductions and withholdings, payable over the Company’s regular payroll
schedule over the twelve months following the Separation Date and (2) reimbursement of COBRA healthcare premium costs for the same level
of coverage Mr. Arnold had during his employment with the Company, until the earliest of (i) twelve months from July 1, 2024, (ii) the
date Mr. Arnold becomes eligible for substantially equivalent healthcare coverage through another source, or (iii) the expiration of Mr.
Arnold’s eligibility for the continuation coverage. Further, and pursuant to the Arnold Separation Agreement, Mr. Arnold provided
the Company with a general release of all claims, effective July 1, 2024.

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Employment Arrangements

We currently have written
employment agreements with our executive officers. For information about our employment agreements with our named executive officers,
refer to “Executive and Director Compensation — Employment Contracts.”

Equity Awards Granted to Executive Officers
and Directors

We have granted stock options
and RSUs to our executive officers and directors. For information about our grants of stock option awards and RSUs to our named executive
officers and our directors, refer to “Executive and Director Compensation — Outstanding Equity Awards at