Resignation of CFO and Separation Agreement

KULR Technology Group, Inc. announced the separation of Shawn Canter, its Chief Financial Officer, effective May 22, 2026. This follows a Separation Agreement and General Release entered into on May 21, 2026. The agreement outlines the terms of Mr. Canter's departure, including the payment of accrued salary and unused paid time off, and reimbursement for business expenses. Mr. Canter will also receive $300 per hour for cooperation with the Company on HR-related exit documentation and any ongoing legal matters arising during his employment. The agreement includes mutual non-disparagement clauses and a release of claims by both Mr. Canter and the Company, with specific exceptions for indemnification and protected rights. Mr. Canter is to return all company property and reaffirms his continuing obligations under his proprietary information agreement. The agreement becomes effective on May 29, 2026, provided it is not revoked.