KonaTel amends IM Telecom sale; to receive $700K holdback, drops pursuit of final closing

KonaTel, Inc.

Parties executed First Omnibus Amendment on Sept 19, 2025; no longer pursuing FCC change of control for Final Closing.
KonaTel to receive $700K of $1M holdback upon filing with FCC to reactivate APIs; remaining $150K paid later.
Management Agreement terminated; IM Telecom to hire new CEO and operate under Annual Plan effective immediately.
Excess Telecom granted first-priority security interest over all IM Telecom assets to secure recoupment of over $100M capex.
KonaTel will continue to receive Distribution Agreement payments from IM Telecom vertical sales channels, including healthcare.

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