Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 76

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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and $150,000
related to the Employment Agreement for the three and nine months ended September 30, 2024. The Company recorded expenses of
$50,000
and $100,000
related to the Consulting Agreement for the three and nine months ended September 30, 2025. The Company recorded expenses of $50,000
and $150,000
related to the Consulting Agreement for the three and nine months ended September 30, 2024, respectively. Mr. Osser also
owns 2,717,765 shares
of the Company’s stock and 2,481,048
shares to be issued at the termination of his employment agreement.

Dr.
D. Demesmin, Director

As
of February 2024, the University Pain Medicine Center (STEMMEE), of which Dr. D. Demesmin, a Company board member, is
the CEO, agreed to purchase products from the Company under the same terms and conditions applying to other medical
pain clinics in the United States. STEMMEE purchased medical products in the approximate range of $12,000
and $33,000 for
the three and nine months ended September 30, 2025. STEMMEE purchased medical products in the approximate range of $6,000
and $15,000
for the three and nine months ended September 30, 2024.

Arjan
J. Haverhals, Director

The
Company entered into a consulting agreement with Mr. Arjan Haverhals, which commenced on January 1, 2025, and continues for an indefinite
period, subject to the Company having the right to terminate the Consulting Agreement on 30 days’ notice in advance in the event of
its disability to provide services. Either party having the right to terminate the Consulting Agreement on 90 days’ advance notice.
Mr. Haverhals will be paid an annual fee at the rate of $350,000, at the at the rate of $150,000 in respect of the first calendar quarter
of 2025, and at the rate of $67,000 in respect of each subsequent calendar quarter of 2025, payable monthly in arrears, in each case
in equal monthly installments on the last day of each month of such a quarter.

The
Company will reimburse Mr. Haverhals for reasonable expenses in providing the services. Mr