Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 229

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 229
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 executive and non -executivedirectors serving on the board, provided that the majority will consist of non -executivedirectors. The Board will initially be composed of nine members, and shall be composed as described in “ Management.” Independence As of the Business Combination, at least three directors on the Board shall qualify as independent under the listing rules of Nasdaq. Furthermore, the majority of the non -executivedirectors shall qualify as independent within the meaning of the DCGC. Nomination and appointment Pursuant to the Articles of Association, the directors will be appointed by Coincheck Parent’s general meeting upon a non -binding(non -exclusive) nomination by the board. In accordance with Dutch law, executive directors may not participate in the board’s deliberations and decision -makingprocess regarding such nomination. A resolution to appoint a director will require a majority of votes cast at the general meeting. Supplementary to the nomination provisions laid down in the Articles of Association, it has been agreed in the Nomination and Voting Agreement that, (i) until the second anniversary of the Closing Date, the Sponsor shall have a right to nominate two directors, each a Sponsor Nominee, to the board of Coincheck Parent without such nomination right being subject to a minimum holding requirement or any other terms and conditions, and (ii) from the second anniversary until the third anniversary of the Closing Date, for as long as the Sponsor Group satisfies the Minimum Holding Requirement, the Sponsor shall have a right to nominate one Sponsor Nominee, to the board of Coincheck Parent. The Board will nominate the Sponsor Nominees for appointment by Coincheck Parent’s general meeting in accordance with the preceding paragraph. Monex will agree to vote its shares in favor of the appointment of a Sponsor Nominee. The Sponsor’s right to nominate Sponsor Nominees shall terminate with immediate effect as of the third anniversary of the consummation of the Business Combination. In addition, if and when the Sponsor Group, during the period from the second anniversary until the third anniversary of the Closing Date, no longer satisfies the Minimum Holding Requirement, the Sponsor’s nomination right shall lapse as well. 152 Term of appointment Unless resolved otherwise by Coincheck Parent’s general meeting at the proposal of the board, directors will be subject to annual re -electionand will be appointed for a term ending at the close of the first annual general meeting of Coincheck Parent held following their appointment. Suspension and dismissal Coincheck Parent’s general meeting may at all times suspend or dismiss a director of Coincheck Parent.