- VisionWave Holdings, Inc. (VWAV) entered into a Strategic Joint Venture Agreement on **August 25, 2025**, with AIPHEX LTD, GBT Tokenize Corp., and GBT Technologies, Inc. to form a joint venture limited liability company (JV LLC) focused on defense and technology projects.  **[2038439_0001731122-25-001174_e6807_ex10-1.htm:0]** **[2038439_0001731122-25-001174_e6807_8-k.htm:1]** 
- VWAV and AIPHEX each hold a **46.76%** ownership stake in the JV LLC, which has an estimated internal value of **$5,000,000,000** for equity allocation purposes.  **[2038439_0001731122-25-001174_e6807_8-k.htm:1]** **[2038439_0001731122-25-001174_e6807_ex10-1.htm:1]** 
- Contributions to the JV include **897,102 VWAV shares** and an intellectual property portfolio from TOKENIZE, **2,020,500 VWAV shares** from GBT, Designated Projects and Background IP from AIPHEX, and non-exclusive IP licenses from VWAV and AIPHEX.  **[2038439_0001731122-25-001174_e6807_8-k.htm:1]** **[2038439_0001731122-25-001174_e6807_ex10-1.htm:2]** 
- The JV agreement has a **seven-year** term and includes a clause for termination if no revenue is generated from designated projects within **12 months** of the JV LLC's formation.  **[2038439_0001731122-25-001174_e6807_8-k.htm:1]** **[2038439_0001731122-25-001174_e6807_ex10-1.htm:5]** **[2038439_0001731122-25-001174_e6807_ex10-1.htm:7]** 
- A referral fee of **700,000 VWAV shares** and **2% of future JV LLC revenue** will be paid to a non-affiliated third party.  **[2038439_0001731122-25-001174_e6807_8-k.htm:1]** **[2038439_0001731122-25-001174_e6807_ex10-1.htm:7]**

VisionWave Holdings (VWAV)