Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 489

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 489
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 of more than 5% of the outstanding shares of SC Assets Class B Common Stock, pursuant to which, among other things, Flow Labs agreed to provide certain IT infrastructure management, support and development services relating to the validator business, to SC Assets. No fees will be payable under the terms of the agreement before the Closing. Commencing on the Closing Date, SC Assets has agreed to pay Flow Labs a fixed fee of $15,000 per month for the services rendered thereunder. The term of the Managed Services Agreement will continue until the earlier of (i) the termination of the Business Combination and (ii) three years after the Closing and will automatically renew for successive one year periods thereafter unless either party provides written -noticeof non -renewalto the other party at least ninety days prior to the end of the then -currentterm. Statement of Policy Regarding Transactions with Related Persons StablecoinX will adopt a formal written policy that will be effective upon the Closing providing that StablecoinX’s officers, directors, nominees for election as directors, beneficial owners of more than 5% of any class of StablecoinX’s capital stock, any member of the immediate family of any of the foregoing persons and any firm, corporation or other entity in which any of the foregoing persons is employed or is a general partner or principal or in a similar position or in which such person has a 5% or greater beneficial ownership interest, are not permitted to enter into a related party transaction with StablecoinX without the approval of StablecoinX’s audit committee, subject to certain exceptions. Indemnification of Directors and Officers The StablecoinX Bylaws provide that StablecoinX will be required to indemnify its directors and officers to the fullest extent permitted by the DGCL. In addition, the StablecoinX Certificate of Incorporation will provide that StablecoinX’s directors will not be liable for monetary damages for breach of fiduciary duty to the fullest extent permitted by the DGCL. 239 EXECUTIVE AND DIRECTOR COMPENSATION In this section, “we”, “us” and “our” generally refer to SC Assets in the present tense or StablecoinX from and after the Business Combination. StablecoinX StablecoinX is an “emerging growth company” within the meaning of the Securities Act and has elected to comply with the reduced compensation disclosure requirements available to such emerging growth companies. As StablecoinX was incorporated on July 7, 2025, StablecoinX had no officers or directors as of December 31, 202