{"url_path":"/sec/exyn/8-k/2026-06-22/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1960355/0001104659-26-075928-index.html","accession_number":"0001104659-26-075928","cik":"0001960355","ticker":"EXYN","issuer_name":"Exyn Technologies, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1960355/0001104659-26-075928-index.html","primary_entity_key":"0001960355","primary_entity_name":"Exyn Technologies, Inc."},"word_count":436,"has_tables":true,"body_markdown":"**Item 2.03**\n**Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**\n\n \n\nOn May 18, 2026, Exyn Technologies, Inc. (the “**Company**”)\nentered into a Confidential Side Letter Agreement with Evergreen Capital Management, LLC (“**Evergreen**”) (the\n“**Side Letter**”). Under the Side Letter, Evergreen agreed to forbear from declaring an event of default under\nthe Second Amendment to Note and Warrant Purchase Agreement, dated as of May 8, 2026, by and between the Company and Evergreen (the “**Second\nAmendment**”), or any other transaction document in exchange for, among other things, the Company’s agreement to pay\nto Evergreen, in three (3) equal consecutive monthly installments, an aggregate amount equal to (a) the outstanding balance owing to Evergreen\nunder, or in connection with, the Second Amendment and the other transaction documents (including any accrued but unpaid interest and\nany unpaid fees, costs and expenses payable thereunder) as of May 18, 2026 (the “**Trigger Date**”) (after giving\neffect to the mandatory conversion of the Senior Secured Convertible Promissory Note, dated as of April 30, 2026, by and between the Company\nand Evergreen, and the Senior Secured Convertible Promissory Note, dated as of May 6, 2026, by and between the Company and Evergreen (collectively,\nthe “**Notes**”) pursuant to the Second Amendment), plus (b) the default penalty that would otherwise have been\npayable to Evergreen under the Second Amendment and the other transaction documents in connection with the circumstances addressed by\nthe Side Letter (collectively, the “**Installment Amount**”).\n\n \n\nThe first installment in the amount of $472,388.33 became due on June\n17, 2026, and two additional installments are due in the amount of $472,388.33, each on July 17, 2026 and August 16, 2026, for a total Installment\nAmount of $1,417,164.99. The Side Letter provides that no additional liquidated damages, default interest, penalty interest or other similar\ndamages of any nature shall be calculated, assessed or payable by the Company in connection with the repayment of the Installment Amount.\n\n \n\nAdditionally, under the Side Letter, the Company agreed to issue to\nEvergreen an additional 100,000 shares of common stock, par value $0.0001 per share (the “**Equity Kicker Shares**”),\nwithin seven (7) business days following the Trigger Date as consideration for Evergreen granting the Company a thirty (30)-day period\nto file a resale registration statement covering all of Evergreen’s securities.\n\n \n\nThe foregoing description of the Side Letter does not purport to be\ncomplete and is subject to and qualified in its entirety by reference to the full text of such document, which is filed as Exhibit 10.1\nto this Current Report on Form 8-K and is incorporated herein by reference."}