Company: DJTWW
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001140361-25-004837
Chunk: 254

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-14
Form: 424B3
Chunk 254
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 Note shall automatically convert, in whole (but not in part), without any further action on the part of the Payee, into shares of the Maker’s stock, which will be exchanged for DWAC stock in accordance with that certain Agreement and Plan of Merger, dated October 20, 2021, between and among Maker, DWAC, DWAC Merger Sub Inc., ARC Global Investments II, LLC, and the Seller Representative of Maker, as may be amended from time to time (the “ Merger Agreement”). In the event of a merger with DWAC, the number of shares to be issued to the Payee upon conversion of this Note pursuant to this Section 14 shall be calculated consistent with the definition of “TMTG Executive Promissory Notes” in DWAC’s proxy statement/prospectus filed with the Securities and Exchange Commission (“ SEC”) on February 16, 2024. For the avoidance of doubt, upon conversion of this Note to shares of Maker’s stock for purposes of the Business Combination, such stock shall be exchanged for, and Payee shall receive, 490,000 shares of DWAC stock. For any other Change in Control Event, the number of shares received by Payee shall equal the quotient of the Principal Amount divided by the price per share based on Maker’s then current Fair Value, which such Fair Value shall be determined by a mutually agreeable impartial nationally recognized firm of independent certified public accountants if the parties do not agree on the Fair Value. For determining the Fair Value, Payee and Payee’s representatives shall have full access to the books and records of Maker, the personnel of Maker, any working papers prepared by Maker and/or Maker’s accountants, and such historical financial information of Maker to the extent that such information relates to the Fair Value determination. 15. Representations and Warranties. (a) The Payee hereby represents and warrants he is (a) an “accredited investor” (within the meaning of Rule 501(a)(4), (5) or (6) under the Securities Act); (b) a sophisticated investor,; (c) acquiring this Note (including the shares into which it may be converted) only for its own account and not for the account of others and (d) is not acquiring the promissory note (including the shares into which it may convert) with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities Act. (b) Maker (and the unders