Twin Vee amends IP license deal; assigns rights to Wizz Banger and guarantees obligations

Twin Vee PowerCats, Co.

First Amendment to Feb 2025 license/sale agreement for yachtsforsale.com and boatsforsale.com IP.
All rights and obligations assigned from Twin Vee to wholly-owned subsidiary Wizz Banger, Inc. effective July 14, 2025.
Twin Vee absolutely and unconditionally guarantees all of Wizz Banger's obligations under the amended agreement.
Definition of Foreground Intellectual Property clarified; OWM retains ownership until full Minimum Purchase Price paid.
Minimum Purchase Price of $5M less royalties and credits; Drop-Dead Date for full payment is 6th anniversary.

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