Amendment No. 1 to Loan Agreement January 26, 2024Loan Agreement • January 30th, 2024 • Western Acquisition Ventures Corp. • Services-computer programming services • Delaware
This agreement (this "Amendment") is between Western Acquisition Ventures Corp., a Delaware corporation (the “Borrower”), and Cycurion, Inc., a Delaware corporation (the “Holder”), and acts to amend the Loan Agreement between Borrower and Holder (the “Loan Agreement”), dated July 2023.
TERM NOTETerm Note • January 30th, 2024 • Western Acquisition Ventures Corp. • Services-computer programming services • Delaware
FOR VALUE RECEIVED, Western Acquisition Ventures Corp., a Delaware corporation (the “Borrower”), hereby promises to pay to Cycurion, Inc., a Delaware corporation (the “Holder”), or its successors in interest, on order, the sum of Two Hundred Thousand Dollars ($200,000.00) (the “Principal Amount”), together with any accrued and unpaid interest hereon, on the date of closing of the business combination (the “Business Combination”) of the Borrower and the Holder (the “Maturity Date”), if not sooner paid.
Extension of LOIWestern Acquisition Ventures Corp. • January 30th, 2024 • Services-computer programming services
The Term Sheet effective as of April 25, 2023 and extended as of November 29, 2023, is between Cycurion Inc, a Delaware corporation, (the “Buyer”), with principal offices located at 1749 Old Meadow Road, Suite 500, McLean Virginia 22102 on the one hand, and SLG Innovation, Inc., an Illinois corporation (the “Company”) with principal offices located at 110 North Wacker Drive, Suite 2500, Chicago, Illinois 60606 and the holders of a majority of the outstanding capital stock of the Company (the “Majority Shareholders”) have agreed to extend the termination date of the Binding term sheet to April 30, 2024. The date set forth in Term Sheet of November 30, 2023 is hereby extended to April 29, 2024. With the extension, the shareholders of SLG will receive an additional $1MM of Buyer Common Stock. Buyer Common Stock will be granted as Preferred Convertible Stock to be allocated within the first 18 months from the date of the go-public transaction.
Extension of RCR LOIWestern Acquisition Ventures Corp. • January 30th, 2024 • Services-computer programming services
The Term Sheet effective as of April 25, 2023, and extended as of November 29, 2023, is between Cycurion Inc, a Delaware corporation, (the “Buyer”), with principal offices located at 1749 Old Meadow Road, Suite 500, McLean Virginia 22102 on the one hand, and RCR Technology Corporation, an Indiana corporation (the “Seller”) with principal offices located at 9450 N. Meridian Street, Suite 300 Indianapolis, Indiana 46260. The Parties have agreed to extend the termination date of the Binding term sheet to April 30, 2024. The date set forth in the Term Sheet of November 30, 2023, is hereby extended to April 29, 2024.
EMPLOYMENT AGREEMENTEmployment Agreement • January 30th, 2024 • Western Acquisition Ventures Corp. • Services-computer programming services
This Employment Agreement (the “Agreement”) is entered into as of December 27, 2023 (the “Effective Date”), by and between Jim McCormick (the “Executive”) and Western Acquisition Ventures Corp. (the “Company”).
