Company: ARTL
Filing Date: 2025-12-11
Form Type: DEF 14A
Source: 0001640334-25-002308
Chunk: 47

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-12-11
Form: DEF 14A
Chunk 47
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5 Notes and subsequently received May 2025 Warrants upon the conversion of a portion of the May 2025 Notes at maturity, as shown in the following table:

|                 | Name |                      | Affiliation with the Company |   | Principal Amount of the May 2025 Note |     |     | Shares of Common Stock Subject to the May 2025 Warrant |
|:----------------|:-----|:---------------------|:-----------------------------|:--|--------------------------------------:|:----|:----|-------------------------------------------------------:|
| Connie Matsui   |      | Director             |                              | $ |                            140,000.00 |     |     |                                                 38,346 |
| Tamara Favorito |      | Director             |                              | $ |                             25,000.00 |     |     |                                                  6,846 |
| Gregory Gorgas  |      | Director and Officer |                              | $ |                             35,000.00 |     |     |                                                  9,586 |

Cooperation Letter Agreement

On October 15, 2025, we entered into a cooperation letter agreement (the “Letter Agreement”) with Daniel S. Farb and certain of his affiliates (collectively, the “Farb Parties”). Pursuant to the Letter Agreement, Mr. Farb agreed to irrevocably withdraw his nomination of candidates for election to the Board of at the 2025 annual meeting of stockholders. Additionally, the Farb Parties agreed to certain standstill restrictions and voting commitments during the Restricted Period (as defined in the Letter Agreement), including, among other things, (i) an obligation to vote shares of our common stock beneficially owned by the Farb Parties, and that the Farb Parties have the right to vote, subject to certain limited exceptions, in favor of the election of each person nominated by the Board for election as a director, against any proposals to remove any member of the Board, and in accordance with the recommendation of the Board on all other proposals or business, and (ii) a restriction on the ability of the Farb Parties to acquire beneficial ownership of more than 8.0% of the then-outstanding shares of our common stock. Artelo and the Farb Parties also made certain customary representations, agreed to certain mutual non-disparagement obligations that remain in effect during the Restricted Period, and agreed to a general mutual release of claims with respect to one another for any matter arising on or prior to the date of the Letter Agreement.

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