What changed in this filing

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Item 1. Legal Proceedings

2026-05-20 compared with 2025-11-19 · 49 added, 107 removed, 60 unchanged (72% of the section changed)

1 unchanged sentence

Vivakor, Inc.

Al-Dali International General

Trading and Contracting Company, et al ., Case No.

Al-Dali International General Trading and Contracting Company, et al ., Case No.

JDFC603 251052410 (Kuwait Court of First Instance, Mar.

25, 2025)—Plaintiff

has asserted claims for breach of contract, unjust enrichment, and injunctive relief against Defendants Al-Dali Global Trading and Contracting

Company, Al-Sayer Construction General Trading and Contracting Company, and Kuwait Oil Company relating to the placement and operation

of oilfield remediation processing equipment in Kuwait.

25, 2025)—Plaintiff, Vivakor, Inc., has asserted claims for breach of contract, unjust enrichment, and injunctive relief against Defendants Al-Dali Global Trading and Contracting Company, Al-Sayer Construction General Trading and Contracting Company, and Kuwait Oil Company relating to the placement and operation of oilfield remediation processing equipment in Kuwait.

Plaintiff seeks total damages in excess of $15,000,000.00.

Vivakor, Inc., et al., v.

Unique Funding Solutions, LLC et al.

DC-25-05926 (95th Dist.

Ct., Dallas Cty., Tex.—April 15, 2025)—Plaintiffs allege fraud, fraudulent liens, fraudulent inducement, conversion, money had and received, and seek a declaratory judgment relating to claims of Defendants for payment on a receivables factoring contract claiming damages in excess of $5 million.

The case is in initial pleadings.

Plaintiffs intend to vigorously pursue the case.

The parties are in the process of settling this litigation through mediation.

AE Systems, LLC v.

7 unchanged sentences

No amount has been reserved in connection with the dispute.

Blondo Constructors, Inc.

VivaVentures Remediation Corporation, et al.

, American Arbitration Association (Case No.

01-24-0005-5102—May 17, 2024)—Claimant demanded arbitration for claims relating to breach of contract by Respondent VivaVentures Remediation Corporation (“ VRC ”) and damages in excess of $545,695.05, plus attorneys fees and costs.

Respondents other than VRC were dismissed on July 26, 2024.

On November 8, 2024, the parties executed a Confidential Settlement Agreement to resolve the dispute.

On December 20, 2024, Claimant filed a First Amended Demand for Arbitration asserting new claims, including for breach of the settlement agreement for failure to remit the agreed settlement payment.

On January 26, 2025, Respondent remitted the settlement payment and Claimant confirmed receipt.

Claimant’s new claims are still pending before the arbitrator, and the arbitrator has yet to issue an award or dismiss the proceeding.

Respondent has not reserved additional sums for this proceeding.

Echo Contracting, LLC v.

4 unchanged sentences

Defendants CPE Gathering Midcon, LLC and Vivakor, Inc.

settled such claims pursuant to confidential agreement on March 28, 2025, and such claims are pending dismissal and such liens are pending release.

settled such claims pursuant to confidential agreement on March 28, 2025.

Co-Defendant Validus Energy II Midcon, LLC prevailed upon a motion to consolidate Case No.

CJ-2025-7 with another the proceeding.

CJ-2025-7 with the proceeding involving YellowJacket Services, LLC.

Defendant and Cross-Plaintiff Validus Energy II Midcon, LLC has levied claims for breach of contract, declaratory judgment, indemnification, contribution, and unjust enrichment against Defendants CPE Gathering Midcon, LLC and Vivakor, Inc.

and seeks damages of more than $500,000.00, plus attorneys fees and costs of court.

Defendants CPE Gathering Midcon, LLC, Vivakor, Inc., and Validus Energy II Midcon, LLC prevailed on motions against Plaintiff to remove liens against property of Validus Energy II Midcon, LLC and compel arbitration against Defendants CPE Gathering Midcon, LLC and Vivakor, Inc.

Claims of Plaintiff against Defendants CPE Gathering Midcon, LLC and Vivakor, Inc.

Defendants CPE Gathering Midcon, LLC, Vivakor, Inc., and Validus Energy II Midcon, LLC prevailed on motions against consolidated Plaintiff YellowJacket Services, LLC to remove liens against property of Validus Energy II Midcon, LLC and to compel arbitration against Defendants CPE Gathering Midcon, LLC and Vivakor, Inc.

Claims of Plaintiff YellowJacket Services, LLC against Defendants CPE Gathering Midcon, LLC and Vivakor, Inc.

are stayed pending arbitration, while claims of Defendant and Cross-Plaintiff Validus Energy II Midcon, LLC are proceeding.

Espri L’Heureux v.

Vivakor, Inc., et al.

30-2022-01284070-CU-WT-CJC (Sup.

Orange Cty., Cal.—Sept.

29, 2022)—Plaintiff asserted claims for misclassification as an exempt employee, failure to provide meal and rest periods, pregnancy/sex discrimination under the Fair Employment and Housing Act, discrimination under the California Fair Employment and Housing Act (“ CFRA ”), retaliation under the CFRA, wrongful termination, an unfair business practices under the California Business and Professions Code §§ 17200 et seq ., among other derivative claims.

Plaintiff seeks more than $1,000,000.00 in damages.

Defendants dispute liability on the grounds Plaintiff was properly classified as an independent contractor, was not discriminated against, and was not terminated at all, much less for a discriminatory or retaliatory reason.

Defendants filed their answer on November 21, 2022, and removed the action to federal district court on July 22, 2023.

The parties have reached a settlement and are in the process of drafting the necessary paperwork, which, if successful, will dismiss this lawsuit with prejudice.

Great Lakes Petroleum Co.

Vivakor, Inc., as successor in interest of Equipment Transport, LLC, et al.

25-CVS-011392-590 (Sup.

Ct., Mecklenburg Cty.

5, 2025)—Plaintiff alleged breach of contract, quantum meruit, and unjust enrichment for fuel sold and tank services provided.

A default judgment for $183,808.77, plus post-judgment interest at a rate of eight percent (8%) per annum, was entered on May 23, 2025.

Vivakor is in the process of attempting to settle this matter outside of the litigation.

James Samuelson v.

Vivakor, Inc., James Ballengee, et al.

30-2025-01496877-CU-OE-CJC (Sup.

Orange Cty., Cal.—July 14, 2025)—Plaintiff asserts claims for failure to pay wages, employment misclassification, breach of contract, promissory estoppel, unjust enrichment, constructive discharge, and tortious interference with contract seeking damages of $1,277,499.95 plus pre- and post-judgment interest, attorneys fees, and costs of court.

As disclosed in the Company’s Current Report on Form 8-K filed with the Commission on October 23, 2025, the a parties to this litigation settled this lawsuit under the terms of a Settlement Agreement dated October 17, 2025 and all dates and deadlines related to this lawsuit have been taken off calendar by the Court, which will retain jurisdiction of this lawsuit through the final payment of the Settlement Agreement consideration.

Julie Ridenhour Tonroy, as Personal Representative

of the Estate of John Ridenhour, Deceased, v.

Endeavor Crude, LLC, et al.

CJ-2024-40 (Dist.

Ct., Blaine Cty., Okla.—March 21,

2024)—Plaintiff asserts claims of negligence, respondeat superior , and wrongful death of decedent related to a motor vehicle

accident involving a driver for Endeavor Crude, LLC while operating motor vehicle equipment owned or leased by Meridian Equipment Leasing,

Endeavor Crude is a subsidiary of Vivakor, Inc.

and Meridian Equipment Leasing, LLC is a former subsidiary of Vivakor, Inc.

Plaintiff sought damages in excess of $75,000.

This lawsuit was settled through mediation.

A settlement agreement has been entered and

a Motion to Approve Settlement will be filed with the Court.

Kellie Yates v.

Endeavor Crude, LLC et al.

656,058 (1st Jud.

Ct., Caddo Parish, La.—Mar.

14, 2025)—Plaintiff asserts claims of negligence, lost wages, quantum meruit, and unjust enrichment relating to a May 28, 2024 motor vehicle accident, and seeks damages of $50,000 to $1,000,000.

Kush Properties, LLC d/b/a Motel 6 – Floresville d/b/a Eagle Ford Inn, et al., v.

3 unchanged sentences

Defendants’ are vigorously contesting the claims.

Mikasa McKnight v.

Endeavor Crude, LLC, et al.

202422195 (190th Dist.

Ct., Harris Cty., Tex.—Jul.

2, 2024)—Plaintiff alleges negligence, negligent hiring, negligent entrustment, and respondeat superior relating to a motor vehicle accident involving a tractor-trailer operated under the motor carrier authority of Defendant EC, and seeks damages in excess of $1,000,000.

Defendant EC has vigorously contested the case.

The parties are in the process of settling this litigation.

Misty Kitson, Blaine County Assessor v.

Equipment Leasing, LLC , Case No.

Meridian Equipment Leasing, LLC , Case No.

EQ-2023-57 (Ct.

of Tax Review, Okla.—Aug.

2, 2023)—Plaintiff governmental taxing authority

seeks appeal of Defendant’s fair cash value valuation of certain personal property in Blaine County, Oklahoma.

Plaintiff seeks

a property tax valuation of $27,463,542.00 in contrast to Defendant’s valuation of $4,000,000.00, and overdue taxes in excess of

$1,126,005.22, plus statutory interest, penalties, and fees.

The case is in discovery and on-going.

2, 2023)—Plaintiff governmental taxing authority seeks appeal of Defendant’s fair cash value valuation of certain personal property in Blaine County, Oklahoma.

Plaintiff seeks a property tax valuation of $27,463,542.00 in contrast to Defendant’s valuation of $4,000,000.00, and overdue taxes in excess of $1,126,005.22, plus statutory interest, penalties, and fees.

The case is in discovery.

MV Purchasing, LLC et al., v.

7 unchanged sentences

Novella Strmiska v.

Endeavor Crude, LLC, et

al ., Case No.

Endeavor Crude, LLC, et al ., Case No.

25-01-00013-CVK (81st Dist.

Ct., Karnes Cty., Tex.—Jan.

27, 2025)—Plaintiff obtained a default judgment

for breach of contract, trespass to land, trespass to chattels, negligence, and unjust enrichment, for $256,717.00 USD, plus post-judgment

interest, attorneys fees, and costs of court.

Endeavor Crude, LLC is currently exploring its options related to the entry of default

Rocket Capital NY LLC v.

Silver Fuels Processing, LLC, et al.

E2025013794 (Sup.

of N.Y., Monroe County, N.Y.—Jun.

23, 2025)—Plaintiff has obtained a default judgment for $1,514,619.08 for breach of contract jointly and severally against affiliates Meridian Equipment Leasing, LLC, Silver Fuels Processing, LLC, Silver Fuels Delhi, LLC, White Claw Colorado City, LLC, Vivakor, Inc., Equipment Transport, LLC, and James Ballengee, among others.

Vivakor is in the process of attempting to settle this matter outside of the litigation.

27, 2025)—Plaintiff obtained a default judgment for breach of contract, trespass to land, trespass to chattels, negligence, and unjust enrichment, for $256,717.00 USD, plus post-judgment interest, attorneys fees, and costs of court.

Texas Premier Resources, LLC et al., v.

4 unchanged sentences

Defendants are vigorously contesting the case.

Vincent Smith, et al., v.

Meridian Transport,

LLC, et al ., Cause No.

25-CV-0664 (122d Dist.

Ct., Galveston Cty., Tex.—Apr.

23, 2025)—Plaintiffs alleges gross negligence

relating to a motor vehicle accident, and seek damages of up to $1,000,000, plus attorneys fees and costs of court.

Defendants are vigorously

contesting this case.

Viva Wealth Fund I, LLC v.

Vivakor, Inc., et

al ., Case No.

Vivakor, Inc., et al ., Case No.

30-2025-01469418-CU-FR-WJC (Sup.

Ct., Orange Cty., Cal.—Mar.

21, 2025)—Plaintiff alleges fraud, conversion,

unfair competition, tortious interference in contractual relations, interference with prospective economic advantage, money had and received,

breach of contract, constructive fraudulent transfer, among other counts, and seeks declaratory relief and damages in excess of $50 million

relating to equipment purchased by Plaintiff and leased to Defendant VivaVentures Remediation Corporation.

Defendants are vigorously contesting

21, 2025)—Plaintiff alleges fraud, conversion, unfair competition, tortious interference in contractual relations, interference with prospective economic advantage, money had and received, breach of contract, constructive fraudulent transfer, among other counts, and seeks declaratory relief and damages in excess of $50 million relating to equipment purchased by Plaintiff and leased to Defendant VivaVentures Remediation Corporation.

Defendants intend to vigorously contest the case.

VivaVentures Remediation Corp.

Viva Wealth Fund I, LLC , Case No.

250907053 (Dist.

Ct., Salt Lake City, Utah—August 27, 2025)—Plaintiff, a Vivakor subsidiary, alleges breach of contract, breach of the covenant of good faith and fair dealing, quantum meruit, and unjust enrichment against Defendants, seeking damages exceeding $5.3 million, plus attorney’s fees and costs of court, relating to a lease for RPC equipment.

Defendant has not yet responded.

Tyler Nelson v.

3 unchanged sentences

11, 2025)—Plaintiff, former Chief Financial Officer of the Company, its subsidiary, and certain unnamed defendants for claims of breach of contract, breach of implied covenant in contract, and claims related to failure to pay wages, alleging total damages of $2,154,158.47, plus interest, attorneys fees, and costs of court.

As disclosed in the Company’s Current Report on Form 8-K filed with the Commission on November 12, 2025, the a parties to this litigation settled this lawsuit under the terms of a Settlement Agreement dated November 5, 2025 and all dates and deadlines related to this lawsuit have been taken off calendar by the Court, which will retain jurisdiction of this lawsuit through the final payment of the Settlement Agreement consideration.

On November 5, 2025, the Company entered into a Settlement Agreement (the “Nelson Settlement Agreement”) with Tyler Nelson (“Nelson”), in order to settle claims made by Nelson that he was not paid for work performed for the Company, which claims formed the basis of a lawsuit entitled Tyler Nelson v.

Vivakor, Inc., et al., Case No.

30-2025-01503021-CU-OE-CJC (Sup.

Orange Cty., Cal.—Aug.

11, 2025) (the “Nelson Lawsuit”).

Under the terms of the Nelson Settlement Agreement the Company was obligated to pay Nelson as full satisfaction of all alleged wage losses and alleged non-wage damages:

(i) $250,000 on or before November 5, 2026, (ii) $100,000 within 30 days from the date of the Nelson Settlement Agreement, (iii) $100,000 within 60 days from the date of the Nelson Settlement Agreement, and (iv) $1,550,000 within 90 days from the date of the Nelson Settlement Agreement.

The Company paid Nelson the initial $250,000 payment.

Nelson was formerly the Company’s Chief Financial Officer and a Director.

As a result of the Nelson Settlement Agreement, all dates and deadlines related to the Nelson Lawsuit have been taken off calendar by the Court, which will retain jurisdiction of the Nelson Lawsuit through the final payment of the Nelson Settlement Agreement consideration.

The Company made the first three payments under the Nelson Settlement Agreement but did not make the final $1,550,000 payment.

As a result, the Plaintiff entered the stipulated judgment against the Company and is attempting to collect the remaining amount owed from the Company, its subsidiaries and certain of its executive officers.

Vivakor, Inc., et al.

2023CUB014131 (Sup.

Ventura Cty., Cal.—Sept.

18, 2023)—Plaintiff asserts claims for breach of contract for Defendant’s failure to pay Plaintiff for financial technology services.

Plaintiff obtained a default judgment.

Defendant has filed a motion to set aside the default judgment, which is pending before the court.

Herminio Adriano, et al v.

Vivakor, Inc.

A-25-921524-F (8th Jud.

Ct., Clark Cty., Nev.—Aug.

18, 2025)—Plaintiff filed an emergency ex parte application for

an order immediately requiring transfer of 536,666 shares of Defendant’s common stock.

Defendant is in settlement negotiations

at this time in an attempt to settle this matter.

et al, Case No 8:26-cv-00485-DOC (US District Court Central District of California Southern Division)—Plaintiff asserts claims for Securities violations related to Vivakor’s role in fundraising for the construction of certain assets that were to be constructed and leased back to Vivakor.

Vivakor is vigorously defending the case.

From time to time, we may become involved in various legal actions that arise in the normal course of business.

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Legal Proceedings