Applied Energetics amends CEO pact: 3-year extension, salary to $400k, 1.95M RSUs with performance vesting

APPLIED ENERGETICS, INC.

CEO term extended 36 months from Nov 1, 2022; base salary increased from $350k to $400k annually.
1,954,545 RSUs granted, vesting upon $5M revenue from CEO-generated leads and a future equity offering.
Prior options to purchase 2M shares expired unexercised; RSUs replace forfeited equity.

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