Document:

Exhibit 10.3

 

FORM OF PARENT SUPPORT
AGREEMENT

 

This
PARENT SUPPORT AGREEMENT (this “Agreement”), dated as of [●], 2022, is by and among WESTERN ACQUISITION VENTURES
CORP., a Delaware corporation (“Parent”), CYCURION INC., a Delaware corporation (the “Company”)
and the undersigned (“Stockholder”).

 

RECITALS

 

A.
Parent, the Company, WAV MERGER SUB, INC., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”)
and [PROVIDE] (solely in his capacity as Stockholders’ Representative) are contemporaneously entering into an Agreement and Plan
of Merger (together with the Ancillary Documents, each as amended from time to time, the “Merger Agreement”), dated
as of [●], 2022, pursuant to which, among other things, Merger Sub is to merge with and into the Company, with the Company surviving
as a wholly-owned subsidiary of Parent (the “Merger”).

 

B.
As of the date hereof, Stockholder is the Beneficial Owner (as defined below) of that number of shares of Common Stock, par value $0.0001
per share, of the Parent (“Parent Common Stock”) set forth beside Stockholder’s name on Schedule A hereto
and has or will have the sole power to vote (or to direct the voting of) such shares (all such shares of Parent capital stock (“Parent
Capital Stock”) Beneficially Owned by Stockholder as of the date hereof or during the term of this Agreement, the “Owned
Shares”).

 

C.
Parent and the Company, in consideration for the benefits to be delivered under the terms of the Merger Agreement, have required that
Stockholder enter into this Agreement as a condition and inducement to the willingness of Parent and the Company to enter into the Merger
Agreement and consummate the Transactions.

 

Accordingly,
and in consideration of the foregoing and the mutual representations, warranties, covenants and agreements contained herein, the parties
hereto, intending to be legally bound, hereby agree as follows:

 

AGREEMENT

 

ARTICLE 1

 

VOTING AGREEMENT

 

1.1 Agreement
to Vote.

 

(a)
From the date of this Agreement until the Expiration Time (as defined below), Stockholder will (and, if applicable, will cause each of
its Affiliates that has the right to vote or direct the voting of any Subject Shares (as defined below) to) (i) appear at any meeting
of stockholders or otherwise cause any Subject Shares to be counted as present thereat for purposes of calculating a quorum, (ii) (A)
vote in favor of, or (B) in the event that the Parent seeks Stockholder’s approval via written consent, as promptly as reasonably
practicable (and in any event within two (2) Business Days) following the delivery by the Parent of the applicable requested written consent),
duly execute and deliver to the Company and Parent the written approval solicited by the Parent pursuant to such written consent under
which Stockholder shall irrevocably and unconditionally consent to, the Parent Stockholder Matters (as defined herein), and (iii) withhold
its approval of or vote against any action, proposal, transaction or agreement that could reasonably be expected to (1) result in a breach
of any covenant, representation or warranty or any other obligation or agreement under this Agreement or the Merger Agreement or (2) otherwise
interfere with the Transactions.

  

(b)
Stockholder will not enter into any agreement with any Person (other than the Parent) prior to the Expiration Time (with respect to periods
prior to the Expiration Time) directly or indirectly to vote, grant any proxy or give instructions with respect to the voting of the Subject
Shares, the effect of which would be inconsistent with or violate any provision contained in herein. Any vote or consent (or withholding
of a vote or consent or otherwise abstaining from voting or consenting) by Stockholder that is not in accordance with this Section
1.1 will be considered null and void.

 

     

     

    

 

(c)
Stockholder agrees that he, she or it shall not, directly or indirectly, prior to the Closing, redeem any of the Owned Shares.

 

(d)
The Parent may, in its sole discretion, waive the provisions of this Section 1.1 as to any matter brought to the stockholders
of the Parent for a vote (or consent pursuant to an action by written consent of the stockholders, if applicable).

 

1.2 Revocation
of Prior Proxies; Grant of Irrevocable Proxy.

 

(a)
Stockholder hereby represents and warrants that any proxies heretofore given in respect of the Owned Shares or the Subject Shares (other
than the proxies granted pursuant to any voting agreement, which, for the avoidance of doubt shall not apply to the extent that Stockholder
votes in favor of, or grants its written consent to, the Parent Stockholder Matters pursuant to this Agreement) are not irrevocable, and
Stockholder hereby revokes any and all prior proxies with respect to the Subject Shares (other than the proxies granted pursuant to any
voting agreement, which, for the avoidance of doubt shall not apply to the extent that Stockholder votes in favor of, or grants its written
consent to, the Parent Stockholder Matters pursuant to this Agreement). Prior to the Expiration Time, Stockholder will not directly or
indirectly grant any proxies or powers of attorney (other than to Parent), deposit any of the Owned Shares or the Subject Shares into
a voting trust or enter into a voting agreement (other than this Agreement) with respect to any of the Owned Shares or the Subject Shares.

 

(b)
Stockholder hereby appoints Parent and any designee of Parent, each of them individually, such Stockholder’s proxy and attorney
in fact until the Expiration Time, with full power of substitution and re-substitution, to vote, direct the vote or act by written consent
with respect to the Owned Shares (i) in accordance with Section 1.1 hereof, (ii) to sign his, her or its name (as a stockholder)
to any consent, certificate or other document relating to the Parent that the Law of any state or the rules of any bank, broker or depositary
may permit or require in connection with any matter referred to in Section 1.1, and (iii) for purposes of voting, taking any
action by written consent, executing and delivering any documents, receiving any notice and taking any actions that the Parent or an may,
in its sole discretion, determine to be necessary, desirable or appropriate that are consistent with the express terms of the Merger Agreement.
This proxy is given to secure the performance of the duties of such Stockholder under this Agreement and its existence will not be deemed
to relieve such Stockholder of his, her or its obligations under Section 1.1. Stockholder affirms that this proxy is coupled
with an interest and is irrevocable until the Expiration Time, where upon such proxy and power of attorney will automatically terminate
and be deemed null and void. Stockholder will take such further action or execute such other instruments as may be necessary to effectuate
the intent of this proxy. The proxy granted herein is intended to comply with the requirements of Laws applicable to irrevocable proxies.
The proxy granted herein shall not be revoked when the interest with which it is coupled is extinguished. The power of attorney granted
by Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of Stockholder.

 

1.3 Appraisal
Rights Waiver. Stockholder hereby (i) forever waives all appraisal or dissenter’s rights under applicable Law with respect to
the Merger and (ii) withdraws all written objections to the Merger and/or demands for appraisal, if any, with respect to the Owned Shares
or the Subject Shares by Stockholder.

  

1.4 Release.
Effective upon the Closing and delivery to Company Stockholders of the right to receive the portion of the merger consideration to which
such stockholders are entitled at Closing pursuant to the Merger Agreement, if any, Stockholder hereby generally releases, remises and
forever discharges Parent, Merger Sub, the Company, the Stockholders’ Representative, the Surviving Corporation and their respective
Agents (as herein defined) from and against any and all claims, demands, liens, actions, agreements, suits, causes of action, obligations,
controversies, debts, costs, attorneys’ fees, expenses, damages, judgments, orders and liabilities of whatever kind or nature in
law, equity or otherwise, whether or not now known or suspected, that have existed or may have existed, or that do exist or that hereafter
shall or may exist, based on any facts, events or omissions occurring from any time on or prior to the execution and delivery of this
Agreement that arise out of any rights Stockholder may have in his, her or its capacity as a holder of Parent Capital Stock against the
Parent or any of its Affiliates; provided, however, that nothing in this Agreement shall be construed to release, remise, discharge or
acquit: (a) any claims or rights Stockholder had, has or may have under the Merger Agreement or any other agreements or instruments executed
and delivered in connection with the Merger Agreement to which Stockholder is a party or beneficiary or otherwise with respect to the
Merger; (b) if Stockholder is or was a director or officer of the Parent, any claim or right of Stockholder to be indemnified as a result
of serving as a director or officer of the Parent, including, but not limited to, any rights available to Stockholder for indemnification
or insurance recoveries under the Parent’s Organizational Documents, any agreement between Stockholder and the Parent or any directors’
and officers’ insurance policy for Stockholder’s benefit or under applicable Law; (c) any claims arising out of actual and
intentional fraud; and (d) if Stockholder is or was an employee of the Parent, any rights with respect to earned but unpaid salary or
other compensation or benefits that accrued prior to the Closing in the ordinary course of business. As used herein, an “Agent”
of a party is each of its predecessors, its former or present officers, employees, directors, stockholders, parents, subsidiaries, Affiliates,
partners, related corporate entities, agents, attorneys, members, heirs, executors, administrators, conservators, successors and assigns.

 

     

     

    

 

Stockholder
waives all rights under any Law, rule, provision or statute of any jurisdiction that states in full (or otherwise in substance) as follows:

 

“A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT
THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR
OR RELEASED PARTY.”

 

1.5 Directors
and Officers. Notwithstanding any provision of this Agreement to the contrary, nothing in this Agreement shall (or shall require either
Stockholder to attempt to) limit or restrict any Stockholder in his or her capacity as a director or officer of the Parent or any designee
of the Parent who is a director or officer of the Parent from acting in such capacity or voting in such person’s sole discretion
on any matter (it being understood that this Agreement shall apply to each Stockholder solely in such Stockholder’s capacity as
a stockholder of the Parent).

 

ARTICLE 2

 

DEFINITIONS

 

Capitalized
terms used but not defined in this Agreement are used in this Agreement with the meanings given to such terms in the Merger Agreement.
In addition, for purposes of this Agreement:

 

“Affiliate”
means, with respect to any specified Person, a Person who, at the time of determination, directly or indirectly through one or more intermediaries,
controls, or is controlled by, or is under common control with, such specified Person. For purposes of this Agreement, with respect to
Stockholder, “Affiliate” does not include the Parent and the Persons that directly or indirectly through one or more
intermediaries are controlled by the Parent.

  

“Beneficially
Owned” or “Beneficial Ownership” with respect to any securities means having beneficial ownership of such
securities (as determined pursuant to Rule 13d-3 under the Exchange Act, disregarding the phrase “within 60 days” in paragraph
(d)(1)(i) thereof), including pursuant to any agreement, arrangement or understanding, whether or not in writing. Without duplicative
counting of the same securities, securities Beneficially Owned by a Person include securities Beneficially Owned by (i) all Affiliates
of such Person and (ii) all other Persons with whom such Person would constitute a “group” within the meaning of Section 13(d)
of the Exchange Act and the rules promulgated thereunder. For the avoidance of doubt, “Beneficially Own” and “Beneficial
Ownership” shall also include record ownership of securities.

 

“Beneficial
Owner” with respect to any securities means a Person that has Beneficial Ownership of such securities.

 

“Parent
Stockholder Matters” means approval of the execution and delivery of the Merger Agreement, the Merger, and the consummation
of the Transactions on the terms set forth in the Merger Agreement along with any approval that is required under the Organizational Documents
of the Parent or otherwise sought with respect to the Merger Agreement or the transactions contemplated thereby.

 

“Subject
Shares” means, with respect to Stockholder, the Owned Shares set forth on Schedule A hereto (together with
any other Parent Capital Stock or other equity interests (including anything convertible into such equity interests) of the Parent that
Stockholder acquires record or beneficial ownership of after the date hereof).

 

     

     

    

 

ARTICLE 3

 

REPRESENTATIONS, WARRANTIES
AND ADDITIONAL COVENANTS OF STOCKHOLDER

 

Stockholder
represents, warrants and covenants to the Parent that:

 

3.1 Ownership.
Stockholder is the sole Beneficial Owner and the record and legal owner of the Parent Capital Stock identified or required to be identified
on Schedule A, subject (with respect to shares of Parent Capital Stock underlying options and warrants) to the Parent’s
due authorization and valid issuance thereof, and such shares constitute all of the capital stock of the Parent that are Beneficially
Owned by Stockholder. Subject (with respect to shares of Parent Capital Stock underlying options and warrants) to the Parent’s due
authorization and valid issuance thereof, Stockholder has (or, with respect to shares of Parent Capital Stock underlying options or warrants,
will have, following the exercise of such options or warrants) good and valid title to all of the Owned Shares, free and clear of all
liens, claims, options, proxies, voting agreements, marital, community property and other spousal interests, and security interests and
has the sole right to such Parent Capital Stock and there are no restrictions on rights of disposition or other liens or encumbrances
pertaining to such Parent Capital Stock (other than pursuant to this Agreement and compliance with applicable securities laws) that could
adversely affect the Merger, the Merger Agreement, or the exercise or fulfillment of the rights and obligations of Stockholder under this
Agreement. None of the Owned Shares are or will be subject to any voting trust or other contract with respect to the voting thereof, and
no proxy, power of attorney or other authorization has been granted with respect to any of such Parent Capital Stock

  

3.2 Authority
and Non-Contravention.

 

(a)
Stockholder is either a natural person or a corporation, limited partnership, limited liability company or other entity duly organized,
validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, organized or constituted. Stockholder
has all necessary power and authority and legal capacity to execute and deliver this Agreement, to perform its obligations hereunder and
to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by Stockholder and the consummation by
Stockholder of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate or other action,
and no other corporate or other proceedings on the part of Stockholder are necessary to authorize this Agreement or to consummate the
transactions contemplated hereby.

 

(b)
This Agreement has been duly and validly executed and delivered by Stockholder and constitutes the legal, valid and binding obligation
of Stockholder, enforceable against Stockholder in accordance with its terms except (i) to the extent limited by applicable bankruptcy,
insolvency or similar laws affecting creditors’ rights and (ii) the remedy of specific performance and injunctive and other forms
of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be
brought.

 

(c)
Stockholder is not nor will it be required to make any filing with or give any notice to, or to obtain any consent from, any Person in
connection with the execution, delivery or performance of this Agreement or obtain any permit or approval from any government authority
for any of the transactions contemplated hereby.

 

(d)
Neither the execution and delivery of this Agreement by Stockholder nor the consummation of the transactions contemplated hereby will
directly or indirectly (whether with notice or lapse of time or both) (i) conflict with, result in any violation of or constitute a default
by Stockholder under any mortgage, bond, indenture, agreement, instrument or obligation to which Stockholder is a party or by which it
or any of the Owned Shares are bound, or violate any permit of any government authority, or any applicable law or order to which Stockholder,
or any of the Parent Capital Stock, may be subject, or (ii) result in the imposition or creation of any lien or encumbrance upon or with
respect to any of the Owned Shares.

 

(e)
Stockholder has the requisite voting power and the requisite power, authority and capacity, as applicable, to issue instructions with
respect to the matters set forth in Article 1 and the requisite power, authority and capacity, as applicable, to agree
to all of the matters set forth in this Agreement, in each case with respect to all of the Owned Shares, with no limitations, qualifications
or restrictions on such rights.

 

     

     

    

 

3.3 Total
Shares. Except as set forth on Schedule A, Stockholder is not the Beneficial Owner of, and does not have (whether currently,
upon lapse of time, following the satisfaction of any conditions, upon the occurrence of any event or any combination of the foregoing)
any right to acquire, and has no other interest in or voting rights with respect to, any Parent Capital Stock or any securities convertible
into or exchangeable or exercisable for Parent Capital Stock.

 

3.4 Merger
Agreement. Stockholder has received a copy of the Merger Agreement (including, for the avoidance of doubt, the schedules and exhibits
thereto, other than the Consideration Schedule, of which Stockholder acknowledges a final copy will be provided prior to the consummation
of the Transactions) and has carefully read and understands the scope and effect of the provisions thereof and of this Agreement and has
discussed the foregoing with Stockholder’s professional advisors to the extent Stockholder has deemed necessary.

 

3.5 Reliance.
Stockholder understands and acknowledges that Parent and the Company are each entering into the Merger Agreement in reliance upon Stockholder’s
execution, delivery and performance of this Agreement.

 

3.6 No
Litigation. As of the date of this Agreement, there is no Proceeding pending or, to the knowledge of Stockholder, threatened against
Stockholder or the Owned Shares that could reasonably be expected to impair the ability of Stockholder to perform its obligations hereunder
or consummate the transactions contemplated hereby.

  

3.7 Brokers
and Finders. No broker, finder, financial advisor, investment banker or other person is entitled to any brokerage, finder’s,
financial advisor’s or other similar fee or commission in connection with the transactions contemplated hereby based upon arrangements
made by or on behalf of Stockholder.

 

ARTICLE 4

 

REPRESENTATIONS AND
WARRANTIES OF THE COMPANY AND PARENT

 

Each
of the Company and Parent, severally and not jointly, represents and warrants to Stockholder that (i) this Agreement constitutes the legal,
valid and binding obligation of such Person enforceable against such Person in accordance with its terms (assuming this Agreement constitutes
the legal, valid and binding obligation of Stockholder), except (x) to the extent limited by applicable bankruptcy, insolvency or similar
laws affecting creditors’ rights and (y) the remedy of specific performance and injunctive and other forms of equitable relief may
be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be brought, (ii) each of
the Company and Parent has the corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder,
(iii) the execution and delivery by Company and Parent of this Agreement and the consummation by the Company and Parent of the transactions
contemplated hereby have been duly and validly authorized by the Company and Parent and no other corporate proceedings on the part of
the Company or Parent are necessary to authorize this Agreement or to consummate the transactions contemplated hereby, and (iv) this Agreement
has been duly and validly executed and delivered by each of the Company and Parent.

 

ARTICLE 5

 

TERM AND TERMINATION

 

This
Agreement will become effective as of the date hereof. This Agreement will terminate upon the earliest to occur of (i) the Effective Time,
(ii) the date of termination of the Merger Agreement, or (iii) the mutual agreement of the Parent and Stockholder to terminate this Agreement
(any such time under clauses (i) through (iii) being referred to herein as the “Expiration Time.”) The parties acknowledge
that, upon termination of this Agreement as permitted under and in accordance with the terms of this Article 5, no party to
this Agreement shall have the right to recover any claim with respect to any losses suffered by such party in connection with such termination,
except that the termination of this Agreement will not relieve Stockholder from any liability for any inaccuracy in or breach of any representation,
warranty or covenant contained in this Agreement. Notwithstanding anything to the contrary herein, Article 6 will survive
any termination of this Agreement.

 

     

     

    

  

ARTICLE 6

 

GENERAL PROVISIONS

 

6.1 Action
in Stockholder Capacity Only. Stockholder is entering into this Agreement solely in Stockholder’s capacity as a Beneficial Owner,
as applicable, of the Parent Capital Stock and not in Stockholder’s capacity as a director or officer of the Parent. Nothing herein
will limit or affect Stockholder’s ability to act as an officer or director of the Parent.

 

6.2 No
Ownership Interest. Nothing contained in this Agreement will be deemed to vest in Parent, the Company or any of their respective Affiliates
any direct or indirect ownership or incidents of ownership of or with respect to the Owned Shares or the Subject Shares.

 

6.3 Notices.
All notices and other communications hereunder must be in writing and will be deemed to have been duly given (a) when delivered or sent
if delivered in Person or sent by email transmission (provided confirmation of email transmission is obtained) or (ii) on the next Business
Day if transmitted by national overnight courier, in each case as follows:

 

If to the Company
to:

 

Cycurion, Inc.

1749 Old Meadow Road, Suite 500

McLean, VA 22102

Attention: Emmit McHenry

Email: emit.mchenry@cycurion.com

 

with a copy to (which
shall not constitute notice):

 

Clark Hill PLC

555 South Flower Street, 24th
Floor

Los Angeles, CA 90071

Attn: Randolf W. Katz

Email: rkatz@clarkhill.com

 

 

If to Parent,
addressed to:

 

Western Acquisition Ventures Corp.

42 Broadway, 12th Floor

New York, NY 10004

Attention: Stephen Christoffersen

E-mail: schristoffersen@westacqventures.com

 

with a copy to (which
shall not constitute notice):

 

J.P. Galda & Co.

40 East Montgomery Avenue, LTW 220

Ardmore, PA 19003

Attn: J.P. Galda

Email: jpgalda@jpgaldaco.com

 

 

If
to Stockholder, to Stockholder’s address set forth on Schedule A.

 

     

     

    

 

6.4 Publicity.
Unless required by applicable law or permitted by the Merger Agreement, Stockholder will not, and will not authorize or direct any of
its Affiliates or representatives to, make any press release or public announcement with respect to this Agreement or the Merger Agreement
or the transactions contemplated hereby or thereby, without the prior written consent of Parent in each instance.

  

6.5 Further
Actions. Upon the request of any party to this Agreement, each other party will (a) furnish to the requesting party any additional
information, (b) execute and deliver, at their own expense, any other documents and (c) take any other actions as the requesting party
may reasonably require to more effectively carry out the intent of this Agreement. Stockholder hereby agrees that either the Company or
Parent may publish and disclose in any filing made by Parent or the Company with the SEC, the Nasdaq Stock Market or other applicable
regulatory authority Stockholder’s identity and ownership of any Company Capital Stock or Parent Capital Stock and the nature of
such Stockholder’s commitments, arrangements and understandings under this Agreement and may further file this Agreement as an exhibit
to any filing made by Parent or the Company with the SEC. Stockholder agrees to (x) provide any information reasonably requested by the
Company or Parent for any such regulatory application or filing and (y) notify the Company and Parent promptly of any additional shares
of capital stock of the Company or Parent of which Stockholder becomes the Beneficial Owner after the date of this Agreement.

 

6.6 Transfer
of Subject Shares. Except as expressly contemplated by the Merger Agreement or with the prior written consent of the Parent (such
consent to be given or withheld in its sole discretion), from and after the date hereof, Stockholder agrees not to (a) Transfer any of
the Subject Shares, (b) enter into (i) any option, warrant, purchase right, or other Contract that would (either alone or in connection
with one or more events or developments (including the satisfaction or waiver of any conditions precedent)) require such Stockholder to
Transfer the Subject Shares or (ii) any voting trust, proxy or other Contract with respect to the voting or Transfer of the Subject Shares,
or (c) take any actions (i) having the effect of preventing or disabling such Stockholder from performing its obligations under this Agreement
or (ii) in furtherance of any of the matters described in the foregoing clauses (a) or (b). For purposes
of this Agreement, “Transfer” means any, direct or indirect, sale, transfer, assignment, pledge, mortgage, exchange,
hypothecation, grant of a security interest in or disposition or encumbrance of an interest (whether with or without consideration, whether
voluntarily or involuntarily or by operation of law or otherwise).

 

6.7 Miscellaneous.
Sections 11.9 (Entire Agreement), 11.4 (Rights of Third Parties), 11.1 (Waiver), 11.11 (Severability), 11.6
(Governing Law), 11.12 (Consent to Jurisdiction; Waiver of Trial by Jury), 11.13 (Enforcement), 11.5 (Expenses),
11.7 (Captions; Counterparts) of the Merger Agreement are incorporated herein by reference and shall apply to this Agreement, mutatis
mutandis.

 

[remainder of page
intentionally blank]

 

     

     

    

 

[Signature Page to
Parent Support Agreement]

 

IN
WITNESS WHEREOF, the parties hereto have caused this Parent Support Agreement to be duly executed as of the day and year first above written.

 

	PARENT:	WESTERN ACQUISITION VENTURES CORP.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	COMPANY:	CYCURION  INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

	STOCKHOLDER:	[ENTITY NAME]
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	[NATURAL PERSON NAME]
	 	 	 
	 	 	 
	 	 	 
	 	Additional Signature (if held jointly):
	 	 	 
	 	 	 
	 	(If held jointly)
	 	 	 
	 	 	 
	 	(Printed Full Name)

 

     

     

    

 

SCHEDULE A

 

	NAME AND	 	PARENT CAPITAL STOCK
	ADDRESS OF STOCKHOLDER	 	BENEFICIALLY OWNED
	[Name]	 	[●] shares of Common Stock of Parent
	[Address 1]	 	[●] shares of Common Stock of Parent underlying outstanding warrants
	[Address 2]	 	 
	[E-mail]Exhibit 10.4

 

 

LOCK-UP AGREEMENT

 

THIS LOCK-UP
AGREEMENT (this “Agreement”) is dated as of November [-], 2022 by and between [name of stockholder] (the “Holder”),
and Western Acquisition Ventures Corp., a Delaware corporation (the “Parent”), WAV Merger Sub, Inc., a Delaware corporation
(“Merger Sub”), and Cycurion, Inc., a Delaware corporation (the “Company”).

 

A.            The Parent, WAV Merger Sub and wholly-owned subsidiary of the Parent and Cycurion, Inc., a Delaware corporation (“Company”),
have entered into that certain Merger Agreement, dated as of November ____, 2022 (as the same may be amended from time to time, the “Merger
Agreement”); capitalized terms used and not defined herein shall have the respective meanings ascribed to them in the Merger
Agreement.

 

B.            Pursuant to the Merger Agreement, the Parent will become the 100% stockholder of the Company.

 

C.             The Holder is the record and/or beneficial owner of certain shares of Company Capital Stock, which will be exchanged for shares
of Parent Common Stock (the “Merger Shares”) pursuant to the Merger Agreement.

 

D.            As a condition of, and as a material inducement for the Parent to enter into and consummate the transactions contemplated by the
Merger Agreement, the Holder has agreed to execute and deliver this Agreement.

 

NOW, THEREFORE,
for and in consideration of the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

AGREEMENT

 

		1.	Lock-Up.

 

(a)              
During the Lock-up Period (as defined below), the Holder agrees that it, he or she will not offer to sell, sell, contract to sell,
pledge or otherwise dispose of, directly or indirectly, any of the Lock-up Shares (as defined below), enter into a transaction that would
have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences
of ownership of the Lock-up Shares or otherwise, publicly disclose the intention to make any offer, sale, pledge or disposition, or to
enter into any transaction, swap, hedge or other arrangement, or engage in any Short Sales (as defined below) with respect to the Lock-up
Shares.

 

(b)              In
furtherance of the foregoing, during the Lock-up Period, the Parent will (i) place a stop order on all the Lock-up Shares, including
those which may be covered by a registration statement, and (ii) notify the Parent’s transfer agent in writing of the stop
order and the restrictions on the Lock-up Shares under this Agreement and direct the Parent’s transfer agent not to process
any attempts by the Holder to resell or transfer any Lock-up Shares, except in compliance with this Agreement.

 

    	 	 	 

     

    

 

(c)              
For purposes hereof, “Short Sales” include, without limitation, all “short sales” as defined in
Rule 200 promulgated under Regulation SHO under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and all types of direct and indirect stock pledges, forward sale contracts, options, puts, calls, swaps and similar arrangements (including
on a total return basis), and sales and other transactions through non-US broker dealers or foreign regulated brokers.

 

(d)              
For purposes hereof, “Lock-up Period” means the date that is six (6) months after the Closing Date (as defined
in the Merger Agreement).

 

2.             Beneficial Ownership. The Holder hereby represents and warrants that it does not beneficially own, directly or through its
nominees (as determined in accordance with Section 13(d) of the Exchange Act, and the rules and regulations promulgated thereunder), any
shares of Parent Common Stock, or any economic interest in or derivative of such shares, other than those shares of Parent Common Stock
issued pursuant to the Merger Agreement. For purposes of this Agreement, the Merger Shares beneficially owned by the Holder, together
with any other shares of Parent Common Stock, if any, acquired during the Lock-up Period are collectively referred to as the “Lock-up
Period Shares,” provided, however, that such Lock-up Shares shall not include shares of Parent Common Stock acquired
by such Holder in open market transactions during the Lock-up Period.

 

3.             Permitted
Transfers. Notwithstanding the foregoing, and subject to the conditions below, the undersigned may transfer Lock-up Shares in
connection with (a) transfers or distributions to the Holder’s direct or indirect affiliates (within the meaning of Rule 405
under the Securities Act of 1933, as amended (the “Securities Act”)) or to the estates of any of the foregoing;
(b) transfers by bona fide gift to a member of the Holder’s immediate family or to a trust, the beneficiary of which is the
Holder or a member of the Holder’s immediate family for estate planning purposes; (c) by virtue of the laws of descent and
distribution upon death of the Holder; (d) pursuant to a qualified domestic relations order binding on the Holder; (e) transfers to
the Parent’s officers, directors or their affiliates; (f) pledges of Lock-up Shares as security or collateral in connection
with a borrowing or the incurrence of any indebtedness by the Holder; provided, however, that such borrowing or
incurrence of indebtedness is secured by either a portfolio of assets or equity interests issued by multiple issuers; (g) transfers
pursuant to a bona fide third-party tender offer, merger, stock sale, recapitalization, consolidation or other transaction involving
a change of control of the Parent; provided, however, that in the event that such tender offer, merger, stock sale,
recapitalization, consolidation or other such transaction is not completed, the Lock-up Shares subject to this Agreement shall
remain subject to this Agreement; (h) the establishment of a trading plan pursuant to Rule 10b5-1 promulgated under the Exchange
Act; provided, however, that such plan does not provide for the transfer of Lock-up Shares during the Lock-up Period;
(i) transfers to satisfy tax withholding obligations in connection with the exercise of options to purchase shares of Parent’s
common stock or the vesting of stock-based awards; and (j) transfers in payment on a “net exercise” or
 “cashless” basis of the exercise or purchase price with respect to the exercise of options to purchase shares of the
Parent’s common stock; provided, however, that, in the case of any transfer pursuant to the foregoing (a)
through (e) clauses, it shall be a condition to any such transfer that (i) the transferee/donee agrees to be bound by the terms of
this Agreement (including, without limitation, the restrictions set forth in the preceding sentence) to the same extent as if the
transferee/donee were a party hereto; and (ii) each party (donor, donee, transferor or transferee) shall not be required by law
(including without limitation the disclosure requirements of the Securities Act and the Exchange Act) to make, and shall agree to
not voluntarily make, any filing or public announcement of the transfer or disposition prior to the expiration of the Lock-up
Period.

 

    	 	2	 

     

    

 

4.             Representations and Warranties. Each of the parties hereto, by their respective execution and delivery of this Agreement,
hereby represents and warrants to the other that (a) such party has the full right, capacity and authority to enter into, deliver and
perform its respective obligations under this Agreement, (b) this Agreement has been duly executed and delivered by such party and is
a binding and enforceable obligation of such party and, enforceable against such party in accordance with the terms of this Agreement,
and (c) the execution, delivery and performance of such party’s obligations under this Agreement will not conflict with or breach
the terms of any other agreement, contract, commitment or understanding to which such party is a party or to which the assets or securities
of such party are bound. The Holder has independently evaluated the merits of his/her/its decision to enter into and deliver this Agreement,
and such Holder confirms that he/she/it has not relied on the advice of the Parent, the Parent’s legal counsel, or any other person.

 

5.             No Additional Fees/Payment. Other than the consideration specifically referenced herein, the parties hereto agree that no
fee, payment or additional consideration in any form has been or will be paid to the Holder in connection with this Agreement.

 

6.             Notices.
Any notices required or permitted to be sent hereunder shall be sent in writing, addressed as specified below, and shall be deemed
given: (a) if by hand or recognized courier service, by 4:00PM on a Business Day, addressee’s day and time, on the date of delivery,
and otherwise on the first Business Day after such delivery; (b) if by email, on the date that transmission is confirmed electronically,
if by 4:00PM on a Business Day, addressee’s day and time, and otherwise on the first Business Day after the date of such confirmation;
or (c) five days after mailing by certified or registered mail, return receipt requested. Notices shall be addressed to the respective
parties as follows (excluding telephone numbers, which are for convenience only), or to such other address as a party shall specify to
the others in accordance with these notice provisions:

 

(a)           If
to Acquiror or Merger Sub, to:

 

Western Acquisition Ventures Corp.

42 Broadway, 12th Floor

New York, NY 10004

Attention: Stephen Christoffersen

E-mail:
schristoffersen@westacqventures.com

 

with a mandatory
copy to (which shall not constitute notice):

 

J.P. Galda & Co.

40 East Montgomery Avenue, LTW 220

Ardmore, PA 19003

Attention: J.P. Galda

E-mail:
jpgalda@jpgaldaco.com

 

    	 	3	 

     

    

 

(b)            If to the Company, to:

 

Cycurion,
Inc. 

1749
Old Meadow Road, Suite 500 

McLean,
VA 22102 

Attention:
Emmit McHenry 

Email:
emit.mchenry@cycurion.com  

 

with
a mandatory copy to (which shall not constitute notice): 

 

Clark
Hill LLP 

555
South Flower Street, 24th Floor 

Los
Angeles, CA 90071 

Attn:
Randolf W. Katz 

Email:
rkatz@clarkhill.com  

 

(c)            If
to the holder, to the address set forth on the Holder’s signature page hereto, or to other such address(es) as any party may have
furnished to the others in writing in accordance herewith.

 

 

7.                 
Enumeration and Headings. The enumeration and headings contained in this Agreement are for convenience of reference only
and shall not control or affect the meaning or construction of any of the provisions of this Agreement.

 

8.                 
Counterparts. This Agreement may be executed in facsimile and in any number of counterparts, each of which when so executed
and delivered shall be deemed an original, but all of which shall together constitute one and the same agreement.

 

9.                 
Successors and Assigns. This Agreement and the terms, covenants, provisions and conditions hereof shall be binding upon,
and shall inure to the benefit of, the respective heirs, successors and assigns of the parties hereto. The Holder hereby acknowledges
and agrees that this Agreement is entered into for the benefit of and is enforceable by the Parent and its successors and assigns.

 

10.             
Severability. If any provision of this Agreement is held to be invalid or unenforceable for any reason, such provision will
be conformed to prevailing law rather than voided, if possible, in order to achieve the intent of the parties and, in any event, the remaining
provisions of this Agreement shall remain in full force and effect and shall be binding upon the parties hereto.

 

11.             
Amendment. This Agreement may be amended or modified by written agreement executed by each of the parties hereto.

 

    	 	4	 

     

    

 

12.             
Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

13.             
No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

14.             
Jurisdiction; Waiver of Trial by Jury. Section 11.12 of the Merger Agreement is incorporated by reference herein to apply
with full force to any disputes arising under this Agreement.

 

15.             
Governing Law. Section 11.6 of the Merger Agreement is incorporated by reference herein to apply with full force to any
disputes arising under this Agreement.

 

16.             
Controlling Agreement. To the extent the terms of this Agreement (as amended, supplemented, restated or otherwise modified
from time to time) directly conflicts with a provisions in the Merger Agreement, the terms of this Agreement shall control.

 

[Signature Page Follows]

 

    	 	5	 

     

    

 

IN WITNESS WHEREOF, the parties hereto
have caused this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	WESTERN ACQUISITION VENTURES CORP.
	 	 
	 	 
	 	By:	 
	 		Name:
	 		Title:
	 	 
	 	 
	 	WAV MERGER SUB, INC.
	 	 
	 	 
	 	By:	 
	 		Name:
	 		Title:
	 	 
	 	CYCURION, INC.
	 	 
	 	 
	 	By:	 
	 		Name:
	 		Title:

 

    	 	 	 

     

    

 

	 	HOLDER:	 

 

[Name]

 

 

		By: 	
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	Email:

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