Company: SBXD
Filing Date: 2025-08-07
Form Type: 8-K/A
Source: 0001104659-25-075273
Chunk: 6

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 8-K/A
Chunk 6
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Class C Voting Power”) until such time as the
Key Company Holder, including his permitted transferees (such as charitable trusts and estate planning vehicles), own less than 25%
of their aggregate ownership as of immediately after the Closing (the “Sunset Date”), with the foregoing
determination taking into account certain considerations to be more fully described in the A&R Certificate of Incorporation (as
defined below). Upon the Sunset Date or upon certain transfers to third parties or certain disqualifying events (namely, removal
from Pubco’s Executive Committee for cause or upon death of the Key Company Holder), the shares of Pubco Class C Stock will
automatically convert into shares of Pubco Class A Stock. Each holder of a share of Pubco Class C Stock shall, prior to such
conversion, be entitled to the Class C Voting Power for each share of Pubco Class C Stock held of record by such holder on all
matters on which Pubco stockholders are entitled to vote generally, including the election or removal of directors, and all matters
on which holders of Pubco Class C Stock as a separate class are entitled to vote. Holders of shares of Pubco Class C Stock will be
entitled to the same economic rights as the holders of shares of Pubco Class A Stock, including any rights to distributions and
dividends. The shares of Pubco Class C Stock will not be listed or freely transferable.

Representations and Warranties

The Business Combination Agreement
contains customary representations and warranties of the parties, which shall not survive the Closing. Many of the representations and
warranties are qualified by materiality or Material Adverse Effect. “Material Adverse Effect” as used in the Business
Combination Agreement means, with respect to any specified person, any fact, event, occurrence, change or effect that has had, or would
reasonably be expected to have, individually or in the aggregate, a material adverse effect upon (i) the business, assets, Liabilities,
results of operations, prospects or condition (financial or otherwise) of such Person and its Subsidiaries, taken as a whole, or (ii)
the ability of such Person or any of its Subsidiaries to consummate the Business Combination, in each case subject to certain customary
exceptions. Certain of the representations are subject to specified exceptions and qualifications contained in the Business Combination
Agreement or in information provided pursuant to certain disclosure schedules to the Business Combination Agreement.

Covenants of