Company: ARTL
Filing Date: 2025-08-20
Form Type: 8-K
Source: 0001640334-25-001570
Chunk: 1

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-08-20
Form: 8-K
Item: Item 1.02
Chunk 1
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 Purchase Termination Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference, and the foregoing description of the Purchase Termination Agreement is qualified in its entirety by reference thereto.

Termination of Consulting Agreement

As previously disclosed, the Company entered into a Consulting Agreement dated as of August 1, 2025 (the “ Consulting Agreement”) with ABK Labs, Inc. (the “ Consultant”), pursuant to which the Consultant was to provide strategic advisory services relating to, among other things, the Company’s digital asset strategy in consideration for a warrant to purchase up to 55,000 shares of Common Stock (the “ Consultant Warrant”). A description of the Consulting Agreement and the Consultant Warrant was disclosed in the Company’s Current Report on Form 8-K, filed with the U. S. Securities and Exchange Commission (the “ SEC”) on August 7, 2025.

On August 19, 2025, the Company and the Consultant entered into a Termination Agreement (the “ Consultant Termination Agreement”) pursuant to which the parties mutually agreed to terminate, effective as of August 16, 2025 (the “ Termination Date”), the Consultant Agreement and the Consultant Warrant (collectively, the “ Consultant Documents”).

Under the Consultant Termination Agreement, the parties mutually agreed to terminate the Consultant Documents effective as of the Termination Date, with all rights and obligations under those documents ceasing as of that date. The requirement for 30 days’ prior written notice of termination was waived, and the Consultant irrevocably forfeited all vesting and exercise rights under the Consultant Warrant. Both parties provided mutual releases of claims relating to the Consultant Documents, including a waiver of unknown claims under Section 1542 of the California Civil Code, except for claims arising from a breach of the Consultant Termination Agreement. Certain provisions relating to confidentiality, governing law, jurisdiction, service of process, and indemnification survive solely with respect to the Consultant Termination Agreement. No cash payments, penalties, or other consideration were paid in connection with the termination.

A copy of the Consultant Termination Agreement is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference, and the foregoing description of the Consultant Termination Agreement is qualified in its entirety by reference thereto.

Item 9.01Financial Statements and Exhibits.