Applied Energetics amends consulting agreements; extends Chief Scientist term, increases comp, issues contingent RSUs

APPLIED ENERGETICS, INC.

Stephen W. McCahon (Chief Scientist) extended to 3 years with compensation of $300K/$325K/$350K per year.
Westpark Advisors extended to 3 years with compensation of $260K/$275K/$290K per year.
Westpark eligible for 940,909 RSUs contingent on $5M cumulative revenue and funding condition; nullifies 1M unissued options.

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