Company: APACU
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004915
Chunk: 30

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-07-07
Form: S-1/A
Chunk 30
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 letter agreement entered into with us, each
of our sponsor and our directors and officers has agreed to lock-up restrictions on their ability to transfer, assign or sell their
founder shares and private placement units and securities underlying the private placement units. Further, the sponsor membership
interests (including interests held by any non-managing sponsor members) are locked up and not transferable because our letter
agreement with the sponsor prohibits indirect transfers. While there is no current intention to do so, we may approve an amendment
or waiver of the letter agreement that would allow our sponsor to directly, or members of our sponsor to indirectly, transfer
founder shares and private placement units or membership interests in our sponsor in a transaction in which the sponsor removes
itself as our sponsor before identifying a business combination. As a result, there is a risk that our sponsor and our officers and
directors may divest their ownership or economic interests in us or in our sponsor, which would likely result in our loss of key
personnel. Any transferee would be required to agree to the transfer and non-redemption restrictions contained in the letter
agreement, and such persons may not be released from those transfer and non-redemption restrictions prior to our initial business
combination. There can be no assurance that any replacement sponsor or key personnel will successfully identify a business
combination target for us, or, even if one is so identified, successfully complete such business combination.

The securities held by the sponsor are expected
to only be distributed directly to the members of the sponsor in connection with or following the consummation of our initial business
combination, provided that such members agree to become subject to the applicable transfer restrictions with respect to such securities,
including the letter agreement. Indirect transfers of the securities held by the sponsor, such as to another member of the sponsor or
their affiliate, a family member or a new member of the sponsor, may be permitted with the prior consent of the managing member of our
sponsor, as long as the transferee agrees to comply with the applicable transfer restrictions with respect to such securities to the
same extent as the party originally subject to such restrictions. See the section titled “Principal Shareholders—Restrictions on Transfers of Founder Shares and Private Placement Units.”

While non-managing sponsor members will
not be a direct party to the letter agreement or subscription agreements discussed above, to the extent membership interests are acquired
in the sponsor, such non-managing sponsor members would be bound by the restrictions set forth above with respect to