Company: DJTWW
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009143
Chunk: 44

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 44
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 features of Truth Social. President Donald J. Trump may otherwise compete with Truth Social, including by managing or otherwise working with any other social media platform. TMTG Sub may not terminate the License Agreement based on the personal or political conduct of President Donald J. Trump, even if such conduct could negatively reflect on TMTG Sub’s reputation or brand or be considered offensive, dishonest, illegal, immoral, or unethical, or otherwise harmful to TMTG Sub’s brand or reputation. Further, TMTG Sub may be obligated to indemnify President Donald J. Trump for any losses of any type that relate in any way to the License Agreement, including any such losses attributable to President Donald J. Trump’s own offensive, dishonest, illegal, immoral, unethical or otherwise harmful conduct. Lock-Up Agreements On March 25, 2024, Digital World entered into separate Lock-Up Agreements with each of its post-merger directors and officers, pursuant to which they were contractually restricted from selling or transferring any of (i) their shares of TMTG’s common stock held immediately following the closing of the business combination (the “ Business Combination”) pursuant to the Merger Agreement (the “ Merger Agreement”) by and among the Company, Digital World, and the other parties thereto (the “ Closing”) and (ii) any of their shares of TMTG’s common stock that resulted from converting securities held immediately prior to the Closing. Such restrictions became applicable commencing from March 25, 2024 (the “ Closing Date”) and ended on September 25, 2024. Lock-Up Provisions Pursuant to the Amended Charter Subject to certain customary exceptions, the Delaware Charter (as defined below) also includes certain Lock-Up Trading Restrictions, which applied to holders of TMTG Sub's common stock who received TMTG common stock in exchange for their shares of TMTG Sub's common stock in connection with the Business Combination (subject to certain exclusions). The Delaware Charter (as defined below) restricted holders from selling or transferring any of (i) their shares of TMTG common stock held immediately following the Closing and (ii) any of their shares of TMTG common stock that resulted from converting securities held immediately following the Closing, if any. Such restrictions began at Closing and ended on September 25, 2024. Indemnification Agreements On March 25, 2024, TMTG entered into indemnification agreements with each of its directors and executive officers. Each indemnification