Company: TGNT
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001477932-25-003416
Chunk: 70

Company: Totaligent, Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 70
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 · | the accuracy in all material respects of our representations and warranties included in the SEPA;                                                                                                                                                                                                                                                                                
 we shall have issued the Commitment Shares;                                                                                                                                                                                                                                                                                                                                      
 there being an effective registration statement pursuant to which the Selling Stockholder is permitted to utilize the prospectus thereunder to resell all of the Advance Shares pursuant to such Advance Notice and we shall have filed in a timely manner all reports required under the Exchange Act during the twelve-month period immediately preceding the applicable date; |
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| · | the sale and issuance of such Advance Shares being legally permitted by all laws and regulations to which we are subject;                                                                                                                                                                                                                                                        |
| · | no Material Outside Event (as such term is defined in the SEPA) shall have occurred and be continuing;                                                                                                                                                                                                                                                                           |
| · | us having performed, satisfied, and complied in all material respects with all covenants, agreements, and conditions required by the SEPA to be performed, satisfied, or complied with by us;                                                                                                                                                                                    |
| · | no statute, rule, regulation, executive order, decree, ruling, or injunction having been enacted, entered, promulgated, or endorsed by any court or governmental authority of competent jurisdiction that prohibits or directly, materially, and adversely affects any of the transactions contemplated by the SEPA.                                                             |

Termination of the SEPA

Unless earlier terminated as provided in the SEPA, the SEPA will terminate automatically on the earlier to occur of:

| ● | the 24-month anniversary of the date of the SEPA; and                                                                                                           |
| ● | the date on which the Selling Stockholder shall have purchased shares of common stock under the SEPA for an aggregate gross purchase price equal to $3,000,000. |

We also have the right to terminate the SEPA at any time, at no cost or penalty, upon five trading days’ prior written notice to the Selling Stockholder; provided that there are no outstanding Advance Notices under which we are yet to issue common stock and we have paid all amounts owed to the Selling Stockholder under the SEPA. We and the Selling Stockholder may also terminate the SEPA at any time by mutual written consent.

No Short-Selling by the Selling Stockholder

The Selling Stockholder has agreed that it and its affiliates will not engage in any short sales during the term of the SEPA and will not enter into any transaction that establishes a net short position with respect to the common stock