Vivakor (VIVK) 8-K Vivakor Signs Definitive Agreement to Acquire Endeavor Entities for $120 Million

Exhibit 10.2

Exhibit C

Sample of Net Working Capital Calculation

Figures provided are for example only.

	As of Jan. 31, 2024
Current Assets
Checking/Savings
M&T Bank-ET	$	35,607.22
M&T Bank-ET	$	594,360.37
Regions-ET	$	45,069.50
Regions-ET	$	455,930.25
Business First Bank (MEL) (*7324)	$	8,131.00
Citibank (MEL)(5933)	$	4,677.00
Business First Bank(Endeavor) (*2913)	$	679,765.54
Business First Bank (Endeavor)(*4159)	$	503.44
Origins Bank (Endeavor)(4482)	$	6,450.45
Business First Bank (Endeavor)(*3130)	$	1,602,766.00
Business First Bank (Omega)(*9495)	$	16,391.00
Business First Bank (SFP) (*0739)	$	3,593.36
Total Checking/Savings	$	3,453,245.13
Accounts Receivable
Accts. Rec. - Trade	$	11,220,944.27
Total Accounts Receivable	$	11,220,944.27
Other Current Assets for purposes of NWC
Inventory	$	53,141.00
Prepaid Expenses	$	489,097.00
Total Other Current Assets	$	542,238.00
Total Current Assets	$	15,216,427.40
Current Liabilities
Accounts Payable Accts. Pay. - Trade	$	2,771,345.00
Total Accounts Payable	$	2,771,345.00
Other Current Liabilities
Accrued Expenses	$	4,724,190.00
Endeavor Line of Credit	$	4,945,648.03
Due To PWS
Total Other Current Liabilities	$	9,669,838.03
Total Current Liabilities	$	12,441,183.03
Working Capital	$	2,775,244.37
Target Net Working Capital	$	150,000.00
Working Capital Surplus (Deficit)	$	2,625,244.37