Vivakor defaults on notes, enters forbearance, gets $1.15M new loan; all debt due Nov 30, 2025

Vivakor, Inc.

Default on Initial Note ($2.26M) and Second Note ($5.69M) as of Aug 25, 2025; Lender forbears until Nov 30, 2025.
Issued Third Junior Secured Convertible Note for $1.62M principal, receiving $1.152M in proceeds; 42 weekly installments of $38,572.
Issued 286,000 commitment shares to Lender for $286 as partial consideration.
Default interest rate of 19% continues; all principal and accrued interest due on or before Nov 30, 2025.
Standstill through Nov 30; failure to pay in full allows Lender to accelerate all obligations.

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