Company: AGSS
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-073727
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Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.02
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Item 1.02 Termination of a Material
Definitive Agreement

On July 1, 2025, we were notified by Legalist, legally known as Government
Receivables Fund, LLC, that AmeriGuard Security Services, Inc. (“ AGSS”) was in default of our financial agreement. We previously
disclosed this situation in aForm 8-Kfiled on July 14, 2025, which is incorporated by reference.

As a result of this notice of default and in order to act responsibly
and transparently with our contracting agencies, on July 14, 2025, AGSS formally notified the respective federal Contracting Officers
that we were required to forfeit the following contracts:

Social Security Administration - Wilkes-Barre, PA

Annual Revenue: $3,184,176

Social Security Administration - Urbana, MD

Annual Revenue: $6,339,912

Social Security Administration - Durham, NC

Annual Revenue: $5,490,360

The total annual revenue forfeited by AGSS as a result of this action
was $15,014,448.

This forfeiture was a direct consequence of the funding disruption
initiated by Legalist, and was necessary to preserve legal and ethical compliance with federal procurement and contracting requirements.
These contracts were not canceled, not terminated for cause, and not lost due to performance issues. Rather, they were voluntarily forfeited
by AGSS as a matter of financial and legal necessity.

These changes were forced on the Company by the actions taken by Legalist,
which left AGSS unable to continue supporting the contracts despite having fulfilled all operational obligations prior to the forfeiture
notice.

On July 28, 2025 AGSS was notified that the contracts we picked up
by an established guard company. AGSS is actively working with the contracting company to make the transition as smooth as possible for
the employees affected and the government contracting system.

SIGNATURE