Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 213

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 7
Chunk 213
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1,500,000 with Thunder Bridge Sponsor, as borrower, and Thunder Bridge (now a subsidiary of
Coincheck Parent, renamed CCG Administrative Services, Inc.), as lender, of which $300,791 was
outstanding as of December 31, 2024 and was repaid in full on January 15, 2025;
•in connection with supporting the Business Combination, loans (in USD) by Monex to an affiliate of
Thunder Bridge in September 2023 and October 2024 of $1.2 million and $600,000, respectively, each
bearing interest at a rate of 8.0%, both fully repaid on December 16, 2024; and
•a reimbursement arrangement for shared executive expense, effective April 1, 2025, under which
Coincheck Parent and Monex share equally the base salary compensation expense of Executive
Director Yo Nakagawa, who is also an executive of Monex.
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Certain Other Agreements
Sponsor Support Agreement
Contemporaneously with the execution of the Business Combination Agreement, Thunder Bridge Sponsor 
entered into the Sponsor Support Agreement, pursuant to which, among other things, Thunder Bridge Sponsor 
agreed (i) to vote in favor of the Business Combination; and (ii) to the lock-up restrictions set forth in such Sponsor 
Support Agreement.
Monex Support Agreement
Contemporaneously with the execution of the Business Combination Agreement, Thunder Bridge, 
Coincheck Parent and Monex entered into the Monex Support Agreement, pursuant to which, among other things, 
Monex agreed (i) to vote in favor of the Coincheck Parent restructuring and Coincheck Parent reorganization (the 
conversion of the Company’s legal form, without ceasing to exist, from a Dutch private limited liability company 
(B.V.) to a Dutch public limited liability company (N.V.)), in each case as contemplated by the Business 
Combination Agreement, and (ii)  the lock-up restrictions set forth in such Monex Support Agreement.
Lock-Up Agreements
Contemporaneously with the execution of the Business Combination Agreement, Coincheck, Coincheck 
Parent and equity holders of Coincheck entered into lock-up agreements, pursuant to which, among other things, 
each equity holder agreed to lock-up restrictions.The lock-up periods for Ordinary Shares expire on December 10, 
2025, subject to earlier expiration, in whole or in part, if the Ordinary Shares trade at a price per share, for at least 30