- Vivakor Inc. entered into a **Second Forbearance and Amendment to Loan Agreement and Notes** on **October 8, 2025**, with J.J. Astor & Co. due to **failed timely weekly installment payments** on its Initial and Second Notes.  **[1450704_0001829126-25-008103_vivakor_ex10-1.htm:0]** **[1450704_0001829126-25-008103_vivakor_8k.htm:1]** 
- As of October 8, 2025, the Company had **past due payments** totaling **$2,259,319.89** for the Initial Note and **$5,685,805.13** for the Second Note, including interest.  **[1450704_0001829126-25-008103_vivakor_ex10-1.htm:0]** **[1450704_0001829126-25-008103_vivakor_8k.htm:1]** 
- The Lender agreed to forbear from declaring an Event of Default, making the Initial and Second Notes, with accrued interest at a **19% default rate**, due on or before **November 30, 2025**.  **[1450704_0001829126-25-008103_vivakor_ex10-1.htm:0]** **[1450704_0001829126-25-008103_vivakor_8k.htm:1]** 
- Vivakor secured an additional **$1,152,000** in funding (before fees) through a **Third Junior Secured Convertible Promissory Note** issued on **October 9, 2025**, with an original principal amount of **$1,620,000**, repayable in **42 weekly installments of $38,572**.  **[1450704_0001829126-25-008103_vivakor_ex10-2.htm:0]** **[1450704_0001829126-25-008103_vivakor_8k.htm:1]** **[1450704_0001829126-25-008103_vivakor_ex10-1.htm:1]** **[1450704_0001829126-25-008103_vivakor_8k.htm:2]** 
- As part of the agreement, Vivakor Inc. also issued **286,000 shares of common stock** to the Lender.  **[1450704_0001829126-25-008103_vivakor_ex10-1.htm:1]** **[1450704_0001829126-25-008103_vivakor_8k.htm:2]**

Vivakor Enters Second Forbearance Agreement and Secures New Convertible Debt

- Vivakor, Inc. (Nasdaq: VIVK) has signed a term sheet with a non-affiliate counterparty to secure up to **$23 million in funding**.  **[1450704_d837ad8bdc66428f9131f77cb4f7bb40_0]** 
- This funding will be provided in exchange for the issuance of **$25 million in Series B Convertible Preferred Stock**, which will be convertible into common stock one year after definitive agreements at a maximum conversion price of **$0.75 per share**.  **[1450704_d837ad8bdc66428f9131f77cb4f7bb40_0]** **[1450704_d837ad8bdc66428f9131f77cb4f7bb40_1]** 
- The transaction aims to accelerate the growth of Vivakor’s crude oil marketing and remediation businesses, allocating **$15 million in restricted cash** for marketing, **$3 million in unrestricted working capital**, and at least **$5 million in assets** for remediation.  **[1450704_d837ad8bdc66428f9131f77cb4f7bb40_0]** 
- Additionally, the counterparty committed to exclusively utilize Vivakor’s trucking fleet for a **three-year period** in the Permian and Eagle Ford Basins.  **[1450704_d837ad8bdc66428f9131f77cb4f7bb40_0]**

Vivakor Signs Term Sheet for Funding and Business Expansion

- Vivakor, Inc. announced that the payment date for its special dividend to shareholders is **September 26, 2025**.  **[1450704_7d4cb46bfed8488faa6cc44b9fe16b2a_0]** 
- The dividend will be paid to holders of record of common shares as of the ex-dividend date of **September 5, 2025**.  **[1450704_7d4cb46bfed8488faa6cc44b9fe16b2a_0]** 
- Each Vivakor shareholder will receive approximately **0.0079 shares of Adapti, Inc. common stock** per Vivakor share, excluding shares held by the Company’s Chairman, President, CEO, and former CFO, who waived their right to the dividend.  **[1450704_7d4cb46bfed8488faa6cc44b9fe16b2a_0]** 
- Based on Adapti's current share price of **$2.50**, the special dividend is currently valued at approximately **$0.515 million**.  **[1450704_7d4cb46bfed8488faa6cc44b9fe16b2a_0]** 
- Vivakor currently holds **206,595 shares** (approximately **13.5%** of the outstanding common) of Adapti, Inc..  **[1450704_7d4cb46bfed8488faa6cc44b9fe16b2a_0]**

Vivakor (VIVK)