Termination of Material Agreement (Form 8-K)

As previously disclosed, on September 29, 2025, DNA X, Inc. (the "Company") and Chardan Capital Markets LLC ("Chardan") entered into a ChEF Purchase Agreement (the "ChEF Agreement") pursuant to which Chardan committed to purchase, subject to certain limitations and conditions set forth in the ChEF Agreement, up to $500 million of shares of the Company's common stock, par value $0.001 per share, and a Registration Rights Agreement (the "Registration Rights Agreement") providing Chardan with certain registration rights with respect the shares of common stock purchasable under the ChEF Agreement.

On May 29, 2026, the Company and Chardan entered into a letter agreement pursuant to which they agreed, among other things, to terminate, effective as of 5:00 p.m., New York City time, on May 28, 2026, the ChEF Agreement and Registration Rights Agreement.

The foregoing descriptions of the ChEF Agreement and Registration Rights Agreement do not purport to be complete and are qualified in their entirety by reference to the full text thereof, copies of which were filed as Exhibits 10.1 and 10.2 to the Company's current report on Form 8-K filed with the Securities and Exchange Commission on September 29, 2025.