Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1556

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 9A
Chunk 1556
---
in cash equal up to $3,000,000, which amount will be loaned to the Company in accordance with the Extension Note, in consideration for
which, the Sponsor shall issue to the Investor interests in certain equity securities.

In connection with the closing of the transactions
contemplated by the Investment Agreement, on January 26, 2023, the Old Sponsor underwent a reorganization pursuant to which the limited
partners of the Old Sponsor transferred all of their limited partnership interests to the Sponsor. On January 26, 2023, the Old Sponsor
was liquidated pursuant to applicable law by the retirement of the general partner of the Old Sponsor (the second to last partner of the
Old Sponsor) and all Securities held by the Old Sponsor were distributed by operation of law to its sole remaining limited partner, the
Sponsor, following which, on January 30, 2023, control of the Sponsor was transferred to affiliates of Antarctica Capital Partners, LLC,
including Antarctica Endurance Manager, LLC the general partner of the Sponsor.

F-22

The Investment Agreement contains customary representations
and warranties of the parties, including, among others, with respect to corporate organization, corporate authority, and compliance with
applicable laws. The representations and warranties of each party set forth in the Investment Agreement were made solely for the benefit
of the other parties to the Investment Agreement, and shareholders of the Company are not third-party beneficiaries of the Investment
Agreement. In addition, such representations and warranties (a) are subject to materiality and other qualifications contained in the Investment
Agreement, which may differ from what may be viewed as material by shareholders of the Company, (b) were made only as of the date of the
Investment Agreement or such other date as is specified in the Investment Agreement and (c) may have been included in the Investment Agreement
for the purpose of allocating risk between the parties rather than establishing matters as facts. Accordingly, the Investment Agreement
is included with this filing only to provide shareholders of the Company with information regarding the terms of the Investment Agreement,
and not to provide shareholders of the Company with any other factual information regarding any of the parties or their respective businesses.

Letter Agreement

On January 30, 2023, the Company, the Old Sponsor,
certain officers and directors of the Company, and other parties thereto (the “Insiders,” and together with the Old Sponsor,
the “Letter Agreement Parties”) entered into an amendment to the Letter Agreement to allow the Old Sponsor to