Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 213

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 213
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uant to 17 C.F.R. Section 200.83

Registration Rights Agreement

In connection with the closing of this offering, we will enter into a registration rights agreement with the Aggregators and certain of the
Existing Owners that join the registration rights agreement, granting them registration rights. Under the registration rights agreement, we will agree to register the sale of shares of our Common Stock held by the Aggregators and such Existing
Owners under certain circumstances, and to provide such stockholders with certain customary underwritten offering, block trade and piggyback rights.

Exchange Agreement

In connection with
the completion of this offering, we and Legence Holdings will enter into an Exchange Agreement with Aggregator I pursuant to which it (including certain permitted transferees thereof) may, subject to the terms of the Exchange Agreement and the
Legence Holdings LLC Agreement, exchange its LGN Units, along with a corresponding number of shares of Class B Common Stock, for shares of Class A Common Stock on a one-for-one basis, subject to customary conversion rate adjustments for stock
splits, stock dividends and reclassifications. At our election we may give the exchanging LGN Unit Holders, including Aggregator I, cash in an amount equal to the value of such Class A Common Stock instead of shares of Class A Common Stock. The
Exchange Agreement also provides such LGN Unit Holders will not have the right to exchange LGN Units if we or Legence Holdings determine that such exchange would be prohibited by law or regulation. We or Legence Holdings may impose additional
restrictions on any exchange that either of us determines to be necessary or advisable so that Legence Holdings is not treated as a “publicly traded partnership” for U.S. federal income tax purposes. As a LGN Unit Holder exchanges LGN
Units, along with a corresponding number of shares of Class B Common Stock, for shares of Class A Common Stock, the number of LGN Units held by us will be correspondingly increased as we acquire the exchanged LGN Units. In accordance with the
Exchange Agreement, any LGN Unit Holder who surrenders all (or a portion) of its LGN Units for exchange must concurrently surrender all (or an equal portion of) shares of Class B Common Stock held by it (including fractions thereof) to Legence
Holdings.

Tax Receivable Agreement

We will enter into a Tax Receivable Agreement with Aggregator I and Aggregator II, as the initial TRA Members, and any other TRA Members that