Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 239

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 239
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 complete and correct as of such specific date); 118 •ABTC having performed in all material respects all obligations required to be performed by it under the Merger Agreement at or prior to the Closing Date; •since the date of the Merger Agreement, there not having occurred a material adverse effect with respect to ABTC that is continuing; and •Gryphon having received a certificate executed by an executive officer of ABTC to the effect that the conditions set forth in the immediately foregoing paragraphs have been satisfied. Termination of the Merger Agreement The Merger Agreement may be terminated at any time prior to the First Effective Time, whether before or after receipt of the requisite stockholder approvals, under the following circumstances: •by mutual written agreement of Gryphon and ABTC; •by either ABTC or Gryphon if: •any governmental authority of competent jurisdiction has issued a final and nonappealable order permanently enjoining or otherwise prohibiting the Closing; •the Gryphon Stockholder Approval is not obtained at the Special Meeting or any adjournment or postponement thereof; or •the Mergers have not been consummated on or before the twelve -monthanniversary of the Merger Agreement; •by ABTC if: •Gryphon has effectuated a Gryphon Recommendation Change at any time prior to receipt of the Gryphon Stockholder Approval; •a breach of any representation or warranty or failure to perform any covenant or agreement by Gryphon will have occurred that would cause any of the Closing conditions with respect thereto to not be satisfied and such breach or failure to perform is incapable of being cured by the end date or has not been cured within 20 days following written notice to Gryphon from ABTC with respect thereto; •the Gryphon Common Stock is delisted from the Nasdaq; or •Gryphon becomes ineligible to register securities using a registration statement on Form S -3under the Securities Act; •by Gryphon if: •The ABTC Stockholder Approval is not obtained within ten (10) business days after the Registration Statement is declared effective by the SEC; or •a breach of any representation or warranty or failure to perform any covenant or agreement by ABTC will have occurred that would cause any of the Closing conditions with respect thereto to not be satisfied and such breach or failure to perform is incapable of being cured by the end date or has not been cured within twenty (20) days following written notice to ABTC from Gryphon with respect thereto. If the Merger Agreement is validly terminated