Company: SBXD
Filing Date: 2025-08-07
Form Type: 425
Source: 0001104659-25-074863
Chunk: 9

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 425
Chunk 9
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 materiality standards contained in the Business Combination Agreement;
(ii) material compliance by SPAC with its pre-closing covenants; (iii) no occurrence of a Material Adverse Effect with respect to SPAC
since the date of the Business Combination Agreement which is continuing and uncured; (iv) the occurrence of the Conversion; (v) the Employment
Agreement and the Sponsor Letter Agreement being in full force and effect; (vi) upon the Closing, the net cash delivered to Pubco in connection
with the Transactions (after giving effect to the completion and payment of the Redemption and payment of transaction expenses of SPAC
and the Company), including (A) funds remaining in the Trust Account and (B) net proceeds of the Initial Financing Transactions (and any
Additional Financing Transactions), shall equal or exceed Twenty-Five Million Dollars ($25,000,000); and (vii) the Sponsor having performed
in all material respects its obligations required under the Sponsor Support Agreement (as defined below).

Termination Rights

The Business Combination
Agreement contains certain termination rights, including, among others, the following: (i) upon the mutual written consent of SPAC
and the Company, (ii) by SPAC or the Company if a Governmental Authority shall have issued an Order or taken any other action
permanently restraining, enjoining or otherwise prohibiting the Transactions; (iii) by the Company if the SPAC board of directors
publicly changes its recommendation with respect to the Business Combination Agreement and Transactions and related shareholder
approvals under certain circumstances detailed in the Business Combination Agreement; (iv) by either SPAC or the Company if the SPAC
Shareholder Meeting is held and SPAC Shareholder Approval is not received; (v) by SPAC in connection with a breach of a
representation, warranty, covenant or other agreement by the Company, Pubco, SPAC Merger Sub, Company Merger Sub or the Seller
Representative, if the breach would result in the failure of the related condition to Closing and the breach or inaccuracy is
incapable of being cured or is not cured in accordance with the terms of the Business Combination Agreement; (vi) by the Company for
SPAC’s material uncured breach of the Business Combination Agreement, if the breach would result in the failure of the related
condition to Closing and the breach or inaccuracy is incapable of being cured or is not cured in accordance with the terms of the
Business Combination Agreement; or (vii)