Material Agreement, Financial Obligation, Private Placement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On August 13, 2025, Visium Technologies, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with Labrys Fund II, L.P. (the "Buyer"). Pursuant to the Purchase Agreement, the Company issued to the Buyer a Convertible Promissory Note (the "Note") in the principal amount of $120,000, for a purchase price of $100,000, reflecting an original issue discount of $20,000. The Company also issued 750,000 shares of its common stock, par value $0.0001 per share, to the Buyer as commitment shares.

The Note bears interest at a rate of 15% per annum, matures twelve (12) months from the issue date, and may be convertible into shares of the Company's common stock, only in the event of default and subject to the terms and conditions set forth therein. The conversion price is equal to 65% of the lowest closing bid price of the common stock during the ten (10) trading days immediately preceding the conversion date, subject to adjustments as provided in the Note. The Note contains a beneficial ownership limitation of 4.99%, which the Buyer may increase to 9.99% upon 61 days' prior written notice.

The Purchase Agreement and the Note contain customary representations, warranties, covenants, and events of default. Upon an event of default, the Note may become immediately due and payable at amounts higher than the outstanding principal and interest, as set forth therein.

The foregoing descriptions of the Purchase Agreement and the Note are qualified in their entirety by reference to the full text of such documents, which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities.

The information set forth in Item 1.01 above is incorporated herein by reference. The Note and the commitment shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D promulgated thereunder.