Amendment to Asset Purchase Agreement
Cycurion, Inc. entered into an Amendment No. 1 and Forbearance / Extension Agreement to Asset Purchase Agreement with Kustom Entertainment, Inc. The amendment extends the closing date of the transaction to on or about September 15, 2026. As consideration for the extension, Cycurion made a non-refundable cash payment of $250,000 and replaced 2,000,000 warrants with Series H Preferred Stock valued at $600,000. The Series H Preferred Stock accrues 12.0% annual dividends, is convertible into common stock at $1.45 per share, and has voting rights and class protections. The registration rights agreement was amended to apply to shares issuable upon conversion or as dividends on the Series H Preferred Stock. All conditions precedent to closing have been satisfied or waived.