Company: HCWB
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001193125-25-032115
Chunk: 76

Company: HCW Biologics Inc.
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 76
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 an outstanding Put Notice, the shares of
Common Stock under which have yet to be issued and (ii) the Company has not paid all amounts owed to the Investor pursuant to this Agreement. In addition, this Agreement shall automatically terminate on the earlier of (i) the end of the
Commitment Period; (ii) the date that the Company sells and the Investor purchases the Maximum Commitment Amount; or (iii) the date that, pursuant to or within the meaning of any Bankruptcy Law, the Company commences a voluntary case or
any Person commences a proceeding against the Company, a Custodian is appointed for the Company or for all or substantially all of its property or the Company makes a general assignment for the benefit of its creditors. Following completion of the
Investor’s due diligence review, which shall be no later than ten (10) Trading Days following the Execution Date (the “Due Diligence Period”), or if at any time the Company receives a final delisting notice from the Principal
Market or if at any time the Common Stock fails to be listed on an Eligible Market, the Investor may terminate its obligations under this Agreement by written notice to the Company and may deem any outstanding Put Notice as withdrawn.
Notwithstanding the foregoing, in the event of termination of this Agreement, the provisions of and the agreements and covenants of the Company and the Investor set forth in this shall survive the
termination of this Agreement for the maximum length of time allowed under applicable law.

Section 10.7 . The
Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding of the Company and the Investor with respect to the matters covered herein and therein and supersede all prior agreements and understandings,
oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

Section 10.8 . Except as expressly set forth in the Transaction Documents or any other writing to the contrary,
each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this
Agreement, except for the non-refundable deposit of $30,000 which the Company shall have paid to the Investor prior to the Execution Date in connection with the execution of the Term Sheet entered into between
the Company and Square Gate Capital, LLC, or certain affiliates or related parties thereof to be allocated towards the Investor’s due