Brand Engagement Network Inc.: enters settlement and forbearance agreement for $825,000

What happened Brand Engagement Network Inc reported that on Sep 30, 2026 it entered into a Settlement and Forbearance Agreement with Evora Partners, LLC under which Evora agreed to accept a settlement amount of $825,000, inclusive of $75,000 for attorneys’ fees. The filing states this is a discount to the approximately $1,300,000 the company owed to Evora under a Jan 2021 consulting agreement. The company has paid $175,000 and will pay the remaining $650,000 in installments through Dec 2026, with BEN Capital Fund I, LLC guaranteeing payment. Under the agreement Evora will dismiss the lawsuit it filed on Sep 2, 2026 in the United States District Court for the Southern District of New York, captioned Evora Partners, LLC v. Brand Engagement Network Inc. The company expects to file the Settlement and Forbearance Agreement as an exhibit to its Form 10-Q for the quarter ended Sep 30, 2026.

Key details

• Settlement amount: $825,000, inclusive of $75,000 for Evora’s attorneys’ fees.
• Prior amount owed: approximately $1,300,000 under a Jan 2021 consulting agreement.
• Payments: $175,000 paid; $650,000 payable in installments through Dec 2026; guaranteed by BEN Capital Fund I, LLC.
• Litigation: Evora will dismiss the lawsuit filed Sep 2, 2026 in the SDNY asserting breach of contract and declaratory relief.

Why it may matter The filing reports Item 1.01 — entry into a material definitive agreement (the Settlement and Forbearance Agreement settling the Evora claim). The filing does not show why the company acted.