Vivakor restructures debt with J.J. Astor, receives additional $4.4M convertible loan

Vivakor, Inc.

Forbearance on $6.15M note; principal increased to $6.77M (110%); fees and past due interest $906k due Jan 7, 2026.
Additional loan of $4.4M netting ~$971k; new $5.94M convertible note with 40 weekly installments of $148,500 each.
Conversion price set at 80% of market conversion price; if below Nasdaq minimum, extra make-whole shares issued.
Lender receives 150,000 commitment shares; 15M shares reserved for conversion under Additional Note.
Forbearance ends Oct 5, 2025; failure to pay past due amounts by then allows immediate acceleration.

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