---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-004384"
form_type: "8-K"
ticker: "VIVK"
cik: "0001450704"
company_name: "Vivakor, Inc."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:54:35.422643+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Vivakor issues $1.95M secured promissory note to Al Dali for RPC relocation to Kuwait

## Summary
- Principal amount up to $1,950,000 at 15% interest; repayment from RPC operations.
- Note secured by option to purchase 1M shares at $1.179/share and security interests in RPC.
- Proceeds to refurbish and relocate RPC from Vernal, UT to Kuwait; $12/ton deducted from service fees for repayment.
- Default penalty $5,000 per day added to principal amount.

## SEC filing metadata
- accession: 0001829126-23-004384
- form_type: 8-K
- ticker: VIVK
- cik: 0001450704
- company_name: Vivakor, Inc.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1450704/000182912623004384/0001829126-23-004384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1450704/000182912623004384/vivakor_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-004384
- JSON: https://secwatch.observer/filing/0001829126-23-004384.json
- Plain text: https://secwatch.observer/filing/0001829126-23-004384.txt

## Key facts
- Debt Financings
  Vivakor, Inc. incurred loan of $1,950,000 with Al Dali International for Gen. Trading & Cont. Co. at 15%.
  - Instrument: loan
  - Principal: $1,950,000
  - Counterparty: Al Dali International for Gen. Trading & Cont. Co.
  - Rate: 15%
  - Event: incurrence
  source text: On June 20, 2023, the Company issued a 15% secured promissory note (the “Note”) due as described below, to DIC, in the principal amount of up to $1,950,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623004384/0001829126-23-004384-index.htm
- Material Agreements
  Vivakor, Inc. entered into Secured Promissory Note with Al Dali International for Gen. Trading & Cont. Co. valued at Up to $1,950,000 (effective 2023-06-20).
  - Action: entry
  - Counterparty: Al Dali International for Gen. Trading & Cont. Co.
  - Value: Up to $1,950,000
  - Effective: 2023-06-20
  source text: On June 20, 2023, the Company issued a 15% secured promissory note (the “Note”) due as described below, to DIC, in the principal amount of up to $1,950,000 (the “Principal Amount”), in relation to the Services Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912623004384/0001829126-23-004384-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.