Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 246

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 246
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 Proposal or any other proposal in opposition to or in competition with, the Mergers and the transactions contemplated by the Merger Agreement and (II) any other action, agreement or transaction reasonably expected to impede, interfere with, delay, postpone or discourage the Mergers. 123 Transfer Restrictions Subject to the terms and conditions set forth in the Gryphon D&O Support Agreements, until the earlier of (i) receipt of the Gryphon Stockholder Approval and (ii) termination of the Gryphon D&O Support Agreements, each of the directors and executive officers of Gryphon party thereto has agreed not to: •sell, transfer, pledge, encumber, assign, distribute, gift or otherwise dispose of any of his or her covered Gryphon shares or any interest in those shares; •enter into any contract, option, put, call or other arrangement or understanding with respect to any transfer of his or her covered Gryphon shares or any interest in those shares; •create a lien on any of his or her covered Gryphon shares or any interest in those shares; •grant or permit the grant of any proxy, power of attorney or other authorization in or with respect to any of his or her covered Gryphon shares or any interest in those shares; or •take any intentional action that would prevent him or her from performing his or her obligations under the applicable Gryphon D&O Support Agreement. However, the foregoing restrictions do not prohibit transfers of the covered Gryphon shares (i) to a member of the stockholder’s immediate family, (ii) to a trust for the sole benefit of the stockholder or any member of the stockholder’s immediate family or (iii) upon the death of the stockholder. As a precondition to any such non -prohibitedtransfer, the transferee must execute an agreement that contains the same substantive covenants regarding voting and transfer as are contained in the Gryphon D&O Support Agreements. Other Restrictions Subject to the terms and conditions set forth in the Gryphon D&O Support Agreements, until the earlier of (i) receipt of the Gryphon Stockholder Approval and (ii) termination of the Gryphon D&O Support Agreements, each of Gryphon’s directors and executive officers party thereto has agreed: •to immediately cease and cause his or her representatives to immediately cease, any discussions or negotiations that may be ongoing with respect to any Gryphon Acquisition Proposal or any proposal that would reasonably be expected to lead to a Gryphon Acquisition Proposal; and •