Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 1074

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 7
Chunk 1074
---
 all claims, effective November 27, 2023.

Separation Agreement with Former COO

Guy Cipriani’s termination
as the Company’s Chief Operating Officer effective October 2024 (the “Cipriani Separation Date”), in accordance with
the terms of his Executive Employment Agreement with the Company, dated as of October 30, 2020 (the “Cipriani Employment Agreement”),
and pursuant to Mr. Cipriani’s Separation Agreement with the Company, effective as of October 3, 2024 (the “Cipriani Separation
Agreement”), the Company will provide Mr. Cipriani with (1) cash severance equivalent to twelve months of Mr. Cipriani’s base
salary in effect as of the 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. 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