Vivakor settles lawsuit with ex-CFO for $2M; former GC resigns with $200K package

Vivakor, Inc.

Settlement with former CFO Tyler Nelson for $2M: $250k paid on signing, $100k in 30 days, $100k in 60 days, $1.55M in 90 days.
Transition agreement with former EVP/GC Patrick Knapp: $50k cash effective date, $50k cash by Dec 31, 2025, $100k in unrestricted stock.
Kimberly Hawley (CFO) appointed Secretary after Knapp's resignation effective Nov 10, 2025.
Lender J.J. Astor & Co. converted $150k of convertible note into 2,043,597 shares on Nov 7 and another $150k into 1,827,040 shares on Nov 10.
Lawsuit dismissed with court retaining jurisdiction until final payment is made under the settlement.

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