Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 9, 2022, following the approval of its Compensation Committee, Creative Medical Technology Holdings, Inc. (the "Company") entered into written Employments Agreements (the "Employment Agreements") with Timothy Warbington, the Company's Chief Executive Officer; and Donald Dickerson, the Company's Chief Financial Officer (together, the "Executives"). The Employment Agreements are identical in all material respects other than with respect to base salary, which remains $330,000 per annum for Mr. Warbington, and $300,000 per annum for Mr. Dickerson.

Additional terms of the Employment Agreements include the following:





       ·   Each Employment Agreement is for a three year term, subject to
           automatic renewal for successive three-year periods unless either party
           provides notice of non-renewal prior to the then end of the term.

       ·   Each Executive is entitled to an annual cash bonus targeted at 30% of
           his base salary.

       ·   Each Executive is entitled to an annual grant of an option to purchase
           a number of shares of common stock of the Company with a value as of
           the date of grant of 30% of the Executive's base salary, vesting over a
           three year period. The initial stock option grant under each Employment
           Agreement was made on February 9, 2022.

       ·   In the event of the termination of the Executive's employment by the
           Company other than for Cause, or by the Executive for Good Reason (as
           such terms are defined in the Employment Agreement), the Executive will
           be entitled to continued payment of base salary and annual bonuses for
           two years.

The foregoing is a summary of the terms of the Employment Agreements, does not purport to be complete, and is subject to and qualified in its entirety by reference to the text of such agreements, which have been filed as exhibits to this Current Report on Form 8-K.




Item 9.01  Financial Statements and Exhibits.



(d) Exhibits.



  10.1        Employment Agreement between the Company and Timothy Warbington,
            dated as of February 9, 2022.

  10.2        Employment Agreement between the Company and Donald Dickerson, dated
            as of February 9, 2022.

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            document)





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