AERG
Applied Energetics, Inc.

Mr. Donaghey is an experienced financial executive with a proven track-record in delivering profitable growth, including extensive experience within the defense industry. He joins Applied Energetics from Science Applications International Corporation (SAIC), a defense and government agency technology integrator, where he served as the senior vice president and head of corporate development. In this role, he was responsible for executing the company's mergers and acquisitions (M&A) and strategic ventures strategy, working closely with the senior management team to support the development and implementation of SAIC's strategic plan with an emphasis on M&A and external emerging technology investments to complement organic growth strategies and value creation. He joined SAIC in 2017, as senior vice president of finance for SAIC's operations, and provided strategic leadership and business guidance to the organization. Mr. Donaghey is also a Founder and Executive Board member of the Silicon Valley Defense Group, a non-profit organization whose mission is to create the nexus of pioneering ideas, people, and capital that will unlock new sources of innovation for national security and power the digital evolution of the defense industrial base.

Corporate and securities attorney with over 25 years of experience * Prior experience: Counsel at Masur Griffitts Avidor LLP Founder at Griffitts O'Hara LLP Partner at Hodgson Russ LLP Associate at Mayer Brown Associate at Fulbright & Jaworski

Chief Science Officer since May 1, 2023. Researcher, tech developer, and entrepreneur for over 30 years and co-author of over 50 publications with more than 30 patents issued, patents pending, or invention disclosures in preparation for patent submission. He was Chief Scientist, pursuant to a Consulting Agreement, as of May 24, 2019. He was a Member of the Research Staff in the Optical Physics Department at the Hughes Research Laboratory in Malibu, California from 1986 to 1996 performing research in the area of optical physics and non-linear optical materials. In 1996, he moved to Raytheon (Hughes) Missile Systems Co, in Tucson, AZ where he was significantly responsible for the creation and development of the Directed Energy Weapons Product Line and served as its Chief Scientist. He co-founded the company in 2002 to develop Directed Energy Weapons for the Defense Department. In 2010, he formed Applied Optical Sciences where he developed technologies related to the application of optical physics to several areas, including photonics and USP lasers. From February 2016 through May 2019, he served as a consultant to the Company. In 2019, the company retained him as Chief Scientist through his Consulting Agreement. He became Chief Science Officer on May 1, 2023. He graduated from USC (BSEE, MSEE) and holds a Ph.D. from the University of Iowa.

Marsha Bishop has served finance Manager at Applied Energetics, Inc. (AERG) from October 2012 to the present.

Mr. Adamczyk was elected as a company director on March 8, 2018. Mr. Adamczyk has over 20 years of experience in investments and financial analysis. Currently, he is the founder and portfolio manager of MoriahStone Investment Management, started in 2013. MoriahStone Investment Management specializes in both public equities and small-cap private companies. Prior to founding MoriahStone, he was a senior securities analyst at Columbus Circle Investors in Stamford, CT, where he focused on technology investments, including software and the internet. Mr. Adamczyk also worked at a New York-based investment fund, Williamson McAree Investment Partners, covering technology, retail, energy and other growth opportunities. Mr. Adamczyk started his financial career at Morgan Stanley after receiving his MBA from the University of Michigan. He received his undergraduate degree from Western Michigan University, graduating Magna Cum Laude.

Mr. Alber has a career spanning over 35 years in corporate finance, capital markets, treasury, risk allocation and mergers and acquisition. Most recently, he was CFO of First Light Acquisition Group (NYSE: FLAG), a special purpose acquisition company. He served on the Special Security Agreement of AceInfo Tech (subsidiary of Dovel Technologies) and advisory board of Sincerus Global Solutions. Prior to 2020 he was the CFO and EVP of KeyW (NASDAQ: KEYW) from June 13, 2016, until its sale to Jacobs (NYSE: J) in 2019. He was a Principal with Growth Strategy Leaders, a business and financial consulting firm, from April 2015 to May 2016, and CFO and SVP at Engility Corporation (NYSE: EGL) a $2.5 billion technology services and solutions provider to U.S. Government and International customers from May 2012 to March 2015. He supported the company's spin-out from L3 Technologies and led the financial and capital market activities for M&A transactions, including a change in control. He was CFO and Treasurer at Alion Science and Technology from 2007 to 2012 and held senior executive positions at SAIC (NYSE: SAIC) for 18 years, where he served as a SVP and Group CFO. Prior to that was Director of Finance at Network Solutions, Inc. He received BS in Business Administration from George Mason University, with a concentration in finance and subsequently completed an Advance Management Program (AMP) at Georgetown University's McDonough School of Business.

Mr. Donaghey is an experienced financial executive with a proven track-record in delivering profitable growth, including extensive experience within the defense industry. He joins Applied Energetics from Science Applications International Corporation (SAIC), a defense and government agency technology integrator, where he served as the senior vice president and head of corporate development. In this role, he was responsible for executing the company's mergers and acquisitions (M&A) and strategic ventures strategy, working closely with the senior management team to support the development and implementation of SAIC's strategic plan with an emphasis on M&A and external emerging technology investments to complement organic growth strategies and value creation. He joined SAIC in 2017, as senior vice president of finance for SAIC's operations, and provided strategic leadership and business guidance to the organization. Mr. Donaghey is also a Founder and Executive Board member of the Silicon Valley Defense Group, a non-profit organization whose mission is to create the nexus of pioneering ideas, people, and capital that will unlock new sources of innovation for national security and power the digital evolution of the defense industrial base.

John E. Schultz Jr. Effective November 11, 2018, the board of directors of Applied Energetics appointed John E. Schultz Jr. to serve as a member of the board of directors, filling the vacancy created by the departure of Mr. Tom Dearmin. Mr. Schultz brings a long affiliation with Wall Street, starting with the Pacific Stock Exchange in the 1970's, joining Cruttenden Co, the predecessor of Roth Capital in the early 1980's, before founding CSG Spectra, Inc., a risk analytics firm, in 1984. Mr. Schultz founded Oak Tree Asset Management Ltd. in 2000, and actively traded billions of dollars of securities in managed LLC's during the early 2000's. More recently, Mr. Schultz's strong networks have emphasized outside the box investment opportunities and early stage new frontier private equity investment deals. Mr. Schultz has been a shareholder and friend of Applied Energetics since its public inception in 2004, and has an intimate knowledge of the company's background, including its history and financials. Mr. Schultz has more recently served as a consultant to the company

Corporate and securities attorney with over 25 years of experience * Prior experience: Counsel at Masur Griffitts Avidor LLP Founder at Griffitts O'Hara LLP Partner at Hodgson Russ LLP Associate at Mayer Brown Associate at Fulbright & Jaworski

Before joining Applied Energetics, Dr. Quarles, 57, spent the last six years with The Optical Society (OSA) in Washington D.C., both as a Board Member and more recently as the Chief Scientific Officer. His responsibilities encompassed a broad range of scientific, technical and engineering strategy, and included content development for the OSA meetings portfolio, along with supporting briefings to Congress. Dr. Quarles has been personally involved through OSA in the establishment of many crucial partnerships involving major R&D laboratories and global agencies worldwide. This involvement includes being a long-standing member of the U.S. Department of Commerce, Bureau of Industry and Security, and Sensors and Instrumentation Technical Advisory Committee. From 2008 until 2012, Dr Quarles served as a board member of Redmond, WA based B.E. Meyers & Co., Inc., a developer, manufacturer, and systems integrator of optoelectronic and related products used in defense, law enforcement, and industrial applications. During his tenure, he served in the roles of CEO, President and COO. From 2002 until 2010, Dr. Quarles served as Director of Corporate Research, Development & Technology and Director of Federal Government Relations for II-VI Incorporated of Saxonburg, PA, a global leader in engineered materials and optoelectronic components. Dr Quarles holds a PhD and MS degrees in Physics from Oklahoma State University and BS degrees in Physics & Mathematics, also from OSU.