TON Strategy terminates Kingsway advisory agreement; no settlement reached

TON Strategy Co

Terminated Advisory Services Agreement with Kingsway on Aug 10, 2026; no settlement, both reserved rights.
Agreement (Aug 7, 2025) had 20-yr term, $3M set-up fee, 2% annual market-cap fee; last payment Mar 18, 2026.
Company stopped monthly payments in March 2026; cannot estimate financial impact of termination.
Kingsway controlled by Executive Chairman Manuel Stotz; significant stockholder per proxy.
Company expects no effect on TON treasury strategy or day-to-day operations.

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