Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 689

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 689
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 Amount (as defined below) (the “ Signing Locked ENA Purchase ” and such ENA tokens, the “ Signing Locked ENA ”) with such Signing Locked ENA to be deposited in the Signing Custodial Account (as defined below); WHEREAS, Opco, in its capacity as administrative agent for the Signing Cash PIPE Subscribers established a custodial account (the “ Signing Custodial Account ”) at Anchorage Digital Bank N.A. (“ Anchorage ”), with Anchorage serving as custodian (the “ Signing Custodian ”), into which the funds deposited by the Signing Cash PIPE Subscribers were funded and the Signing Locked ENA are being held for the benefit of the Signing Cash PIPE Subscribers until the earlier of (i) closing of the Transactions and (ii) the termination of the Business Combination Agreement or the Signing PIPE Agreements, as applicable; WHEREAS, on or about the date of this Agreement, SPAC, Opco and Pubco entered into subscription agreements (and any subsequent subscription agreements that SPAC, Opco and Pubco may enter into between the date hereof and the Closing, the “ Follow-On PIPE Agreements ”, and together with the Signing PIPE Agreements, the “ PIPE Agreements ”) with certain third-party subscribers pursuant to which such third-party subscribers have agreed Annex E-1 and may in the future agree to purchase shares of Opco Class A Common Stock for (i) cash, USDC and/or USDT (the “ Follow-On Cash PIPE Subscribers ”, and together with the Signing Cash PIPE Subscribers, the “ Cash PIPE Subscribers ”) or (ii) ENA (the “ Follow-On In Kind PIPE Subscribers ”, and together with the Signing In Kind PIPE Subscribers, the “ In Kind PIPE Subscribers ”), or a combination of (i) and (ii), in each case, which shares of Opco Class A Common Stock will be issued by Opco prior to the Company Merger; WHEREAS, Ethena OpCo and Opco, serving as administrative agent for the Follow-On Cash PIPE Subscribers, have entered into a token purchase agreement, dated as of the date hereof (and any subsequent token purchase agreement that Ethena OpCo and Opco may enter into in connection with future Follow-On PIPE Agreements, the “Follow-On Token Purchase Agreement ”, and together with the Signing Token Purchase Agreement, the “ Token Purchase Agreements ”), pursuant to which Ethena OpCo has agreed and may in the future agree