12/04/2025 | Press release | Distributed by Public on 12/04/2025 16:27
Item 1.02 Termination of Material Agreement.
On December 1, 2025, Lightwave Logic, Inc. (the "Company") terminated its consulting agreement, dated December 11, 2024, with Siraj Nour El-Ahmadi, a member of the Board of Directors of the Company (the "Consulting Agreement") effective December 31, 2025. Pursuant to the terms of the Consulting Agreement, Mr. El-Ahmadi agreed to provide engineering, other technical and related services to our Company as an Acting Vice President of Engineering. The term of the consulting agreement was for a period of 6 months and automatically renewed for consecutive one (1) month periods upon the terms and conditions set forth therein. The consulting agreement was terminable at any time by either party after three (3) months following its effective date upon thirty (30) days prior written notice to the other party. The Company terminated the Consulting Agreement due to the recent hiring of multiple product and engineering executives, eliminating the need for the services provided in the Consulting Agreement. Mr. El-Ahmadi will continue to serve on the Board of Directors of the Company.