On April 12, 2022, AudioEye, Inc. and Christopher Hundley, the Company's President, mutually agreed that Mr. Hundley's employment with the Company would terminate on April 15, 2022. On April 15, 2022, the Company and Mr. Hundley entered into a Separation Agreement and Release, pursuant to which Mr. Hundley will receive $58,333 in cash severance, payable in accordance with regular payroll practices, and, if elected, the payment of certain premiums for continuing group health insurance through June 30, 2022. In addition, the Agreement provides that Mr. Hundley will provide transition assistance to the Company through June 15, 2022, and the 10,194 restricted stock units scheduled to vest on June 15, 2022 will so vest, subject to Mr. Hundley continuing to provide transition services through that date.