Greenway Technologies enters pilot-site term sheet with Renewable Elements, amends bylaws, notes OTCID market transition

GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES

Non-refundable $1.3M deposit from Renewable Elements for G-Reformer pilot site; definitive agreements pending.
Board adopted amended bylaws removing cumulative voting, eliminating shareholder written consent, changing director election standard.
Common stock transitioning from OTC Pink Current to OTCID Basic Market effective July 1, 2025; application approved.
Bylaws add new forum selection provisions, shareholder derivative claim threshold of 3% ownership.
Term sheet includes confidentiality, termination on 30 days' notice, governed by Texas law.

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