Global AI and CEO Darko Horvat terminate employment agreement with $650k salary, equity grants; Horvat stays CEO

Global AI, Inc.

Horvat's Sept 2025 employment agreement terminated effective back to Sept 19, 2025; no payments owed.
Horvat continues as CEO without an employment agreement; compensation terms not specified.
Mutual release of claims between company and Horvat; litigation waiver.
Previous agreement included $650k base salary, 50% bonus target, equity grants of up to $37.5M.

item 5.02item 9.01

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