Common use of FORM OF RELEASE AGREEMENT Clause in Contracts

FORM OF RELEASE AGREEMENT. In connection with the termination of that certain Executive Employment Agreement, dated March 31, 2021, by and between the parties hereto (the “Employment Agreement”) and the termination of the employment relationship governed thereby, in consideration of the mutual covenants set forth herein and therein, Arch Therapeutics, Inc., a Nevada corporation (the “Company”), and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ (“Executive”) hereby agree to the terms and conditions set forth in this Release Agreement (this “Agreement”).

FORM OF RELEASE AGREEMENT. In connection with the termination of that certain Executive Employment Agreement, dated March 31, 2021______________, by and between the parties hereto (the “Employment Agreement”) and the termination of the employment relationship governed thereby, in consideration of the mutual covenants set forth herein and therein, Arch Therapeutics, Inc., a Nevada corporation (the “Company”), and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ _______________ (“Executive”) hereby agree to the terms and conditions set forth in this Release Agreement (this “Agreement”).

FORM OF RELEASE AGREEMENT. In connection with the termination of that certain Executive Employment Agreement, dated March 31July 7, 20212014, by and between the parties hereto (the “Employment Agreement”) and the termination of the employment relationship governed thereby, in consideration of the mutual covenants set forth herein and therein, Arch Therapeutics, Inc., a Nevada corporation (the “Company”), and ▇R▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ (“Executive”) hereby agree to the terms and conditions set forth in this Release Agreement (this “Agreement”).