Management Change/Compensation (Form 8-K)

On May 18, 2026, the Board of Directors of Exyn Technologies, Inc. (the "Company") approved Amendment No. 3 (the "Amendment") to the Executive Employment Agreement, dated as of May 18, 2026, with Brandon Torres Declet, the Company's Chief Executive Officer (as amended, the "Executive Employment Agreement").

The Amendment modifies Section 2.6 of the Executive Employment Agreement by deleting the existing provision in its entirety and replacing it with a revised deal completion bonus structure. Pursuant to the Amendment's terms, Mr. Declet is eligible to receive a deal completion bonus (the "Deal Bonus"), which is independent of his annual bonus under the Executive Employment Agreement and is contingent upon, and payable only in the event of, the closing of the first to occur of (i) the effective date of a registration statement of the Company filed under the Securities Act of 1933, as amended, for the sale of any class of the Company's stock in an initial public offering or a direct listing of any class of the Company's stock, or (ii) a Change in Control, as defined in the Company's 2025 Equity Compensation Plan, as may be amended from time to time (clause (i) or (ii), the "Change in Control Transaction"). Mr. Declet's receipt of the Deal Bonus is further subject to Mr. Declet's continued employment with the Company through the date of such Change in Control Transaction.

The aggregate amount of the Deal Bonus will be equal to the greater of (x) to the extent the net proceeds received by the Company or its shareholders in connection with the Change in Control Transaction equals or exceeds $30,000,000, (A) one percent (1%) of such net proceeds if the pre-money valuation of the Company equals or exceeds $50,000,000 but is less than $100,000,000, or (B) one-and-a-half percent (1.5%) of such net proceeds if the pre-money valuation of the Company equals or exceeds $100,000,000; or (y) $225,000, in each case, less applicable taxes and withholdings. To the extent payable, one-hundred percent (100%) of the Deal Bonus will be paid to Mr. Declet within fifteen (15) calendar days of the closing of the applicable Change in Control Transaction.

The foregoing description of the Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.