Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 210

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 210
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 accepted an offer letter, dated May21, 2024, which was effective (the “Term”) from the date of the agreement until the earlier of: (i) the termination of the offer letter; (ii) the date that the Company consummates an initial business combination; (iii) the date the Company is wound up; or (iv) the date that he vacates his positions or he is removed or disqualified from his positions pursuant to the Company’s memorandum and articles of association. The offer letter provides that, during the Term, Mr. Padmakumar shall receive a monthly cash compensation of: (x) $7,500 from the date of the offer letter until the IPO is consummated, and (y) $10,000 from the date the IPO is consummated until the end of the Term of the CEO Offer Letter. We have offered to and our CFO has accepted an offer letter, dated May21, 2024, which sets out the same Term as the offer letter for Mr.Padmakumar. The offer letter provides that, during the Term, Mr.Graj shall receive a monthly cash compensation of: (x) $5,000 from the date of the offer letter until the IPO is consummated, and (y) $6,000 from the date the IPO is consummated until the end of the Term. Our sponsor transferred 100,000 insider shares to Mr. Padmakumar, the CEO and Chairman and 60,000 insider shares to Mr. Graj, the CFO, and our Sponsor HoldCo has agreed to transfer to each of our independent director nominees 20,000 insider shares immediately prior to the effectiveness of the registration statement that this prospectus forms a part, provided that in either case such director remain with us until the closing of a business combination, no compensation of any kind, including finders, consulting or other similar fees, has been paid or will be paid to any of our existing shareholders, including our directors, or any of their respective affiliates, prior to, or for any services they render in order to effectuate, the consummation of a business combination. However, such individuals will be reimbursed for any out -of -pocketexpenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. There is no limit on the amount of these out -of -pocketexpenses and there will be no review of the reasonableness of the expenses by anyone other than our