Company: TLGYF
Filing Date: 2025-07-21
Form Type: 425
Source: 0001213900-25-065924
Chunk: 13

Company: TLGY ACQUISITION CORP
Filing Date: 2025-07-21
Form: 425
Chunk 13
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 pursuant to its terms and (iii) the mutual written consent
of the parties thereto.

The Sponsor Support Agreement is filed as Exhibit 10.5 to this Form 8-K, and the foregoing description thereof is qualified in its entirety by reference to the full text of the Sponsor Support Agreement and the terms of which are incorporated by reference herein.

Seller Support Agreement

Contemporaneously with the
execution of the Business Combination Agreement, Pubco, TLGY, SC Assets and a Seller entered into a Seller Support Agreement (the “Seller
Support Agreement”), pursuant to which, among other things, such Seller agreed to vote in favor of the adoption and approval of
the Business Combination Agreement, the related documents to which SC Assets is a party and the Transactions.

The Seller Support Agreement
and certain of its provisions will terminate and be of no further force or effect upon the earlier to occur of (i) the termination of
the Business Combination Agreement pursuant to its terms and (ii) the mutual written consent of the parties thereto.

The Seller Support Agreement is filed as Exhibit 10.6 to this Form 8-K, and the foregoing description thereof is qualified in its entirety by reference to the full text of the Seller Support Agreement and the terms of which are incorporated by reference herein.

Lock-Up Agreement

Concurrently with the Closing,
each Seller and each Sponsor will enter into lock-up agreements (the “Lock-Up Agreements”) with Pubco, pursuant to which each
Seller and each TLGY Founder Shareholder will agree that the shares of Pubco Class A Common Stock received by each Seller and each TLGY
Founder Shareholder, including any Earnout Shares, will be locked-up and subject to transfer restrictions, as described below, subject
to certain exceptions. The shares of Pubco Class A Common Stock held by each Seller and each TLGY Founder Shareholder will be locked up
until the earlier of (i) six months after the date of the Closing and (ii) the date on which Pubco consummates a liquidation, merger,
capital stock exchange, reorganization or other similar transaction that results in all of its stockholders having the right to exchange
their shares of Pubco Stock for cash, securities or other property.

The form of Lock-Up Agreement is filed as Exhibit 10.7 to this Form 8-K, and the foregoing description thereof is qualified in its entirety by reference to the full text of the form of Lock-Up Agreement and the terms of which are incorporated by reference herein.

Amended and Restated