{"url_path":"/sec/atds/8-k/2026-07-20/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/1068689/0001493152-26-033828-index.html","accession_number":"0001493152-26-033828","cik":"0001068689","ticker":"ATDS","issuer_name":"Data443 Risk Mitigation, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1068689/0001493152-26-033828-index.html","primary_entity_key":"0001068689","primary_entity_name":"Data443 Risk Mitigation, Inc."},"word_count":400,"has_tables":true,"body_markdown":"**ITEM\n1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT**\n\n \n\nOn\nJuly 16, 2026, Data443 Risk Mitigation, Inc. (the “Company”) entered into a Compensation Agreement (the “Compensation\nAgreement”) with Guangzhou Xiaoyu DiDa Technology Co., Ltd (“XYDD”). The Compensation Agreement was entered into in\nconnection with the termination of the previously announced business combination agreement between Four Leaf Acquisition Corporation\n(“FORL”) and XYDD, which termination was effected on June 3, 2026 to permit FORL to pursue a proposed business combination\nwith the Company.\n\n \n\nPursuant\nto the Compensation Agreement, the Company agreed to issue to XYDD a promissory note in the principal amount of $2,000,000 (the “Note”)\nas compensation, on behalf of FORL, for the termination of the prior business combination agreement. The Note is payable in two installments:\n(i) $1,000,000 within 90 days following the Date of Deal Close (as defined in the Compensation Agreement) and (ii) $1,000,000 within\n120 days following the Date of Deal Close, in each case without interest if paid when due. If any installment is not timely paid, the\nNote bears interest at 15% per annum on a simple interest basis from the original due date. The Note may be prepaid in full at any time\nprior to the date that is 12 months after the Date of Deal Close.\n\n \n\nIf\nthe Note has not been fully repaid within 12 months after the Date of Deal Close, XYDD may, in its sole discretion, convert the outstanding\namount (including any accrued interest) into ordinary shares of the combined public company (“PubCo”) at a conversion price\nequal to 80% of the 20-trading-day VWAP of PubCo’s shares preceding the conversion date, subject to (a) a conversion floor of 50%\nof the 20-day VWAP following the Date of Deal Close and (b) an aggregate cap of 19.99% of PubCo’s shares outstanding at the Date\nof Deal Close. Any unconverted amount remains payable in cash on demand. The Compensation Agreement also provides that 1,800,000 shares\nof PubCo will be allocated to S.SHUN Holdings Limited in connection with prior finder services. The Compensation Agreement is governed\nby Delaware law; disputes are resolved by arbitration under SIAC rules.\n\n \n\nThe\nforegoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Compensation\nAgreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated\nherein by reference."}