Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 770

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 770
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 Amount (as defined Annex G-1-1 herein), divided by (ii) (x) the ENA Fair Market Value at Signing (as defined in Schedule A hereto) multiplied by (y) 1 m inus thirty percent (30%) (the price paid for such Locked ENA Tokens set forth in this clause (ii), the “ Locked ENA Token Purchase Price ”), and deposit such Locked ENA Tokens in the Custodial Account; WHEREAS, in connection with the Transactions, Subscriber desires to subscribe for and purchase from the Company, on the Closing Date (as defined below) and immediately prior to the Company Merger, a number of shares of Company Class A Common Stock (the “ Subscribed Shares ”) at a purchase price of $10.00 per share (the “ Per Share Price ”) for the aggregate purchase price set forth on the signature page hereto (the “ Purchase Price ”), and the Company desires to issue to Subscriber the Subscribed Shares, immediately prior to the consummation of the Company Merger, in consideration of the payment of the Purchase Price by or on behalf of Subscriber to the Company; WHEREAS, on or about the date of this Subscription Agreement, SPAC, the Company and Pubco are entering into subscription agreements (the “ Other Subscription Agreements ” and, together with this Subscription Agreement, the “ Subscription Agreements ”) with certain other investors (the “ Other Subscribers ” and, together with Subscriber, the “ Subscribers ”), pursuant to which the Other Subscribers have agreed to purchase shares of Company Class A Common Stock (the “ Shares ”) at the Per Share Price and on the same terms as are available to the Subscriber hereunder (the Shares of the Other Subscribers, the “ Other Subscribed Shares ”, and such other subscriptions and issuances thereunder, the “ Other Subscriptions ”); WHEREAS, the Parties hereto intend that for U.S. federal income tax purposes, (1) the Subscription, together with the Other Subscriptions and the other transactions contemplated by the BCA, qualify as a transaction governed by Section 351(a) of the Code (as defined herein) (the “ Section 351 Intended Tax Treatment ”); (2) until the Closing or the termination of this Subscription Agreement, as applicable, the Subscribers making the Cash PIPE Deposit shall be treated as the owners of the Locked ENA Tokens and the Permitted Expense Amount, in each case, held in the Custodial Account, and all interest, earnings