Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 447

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 447
---
J of the software thereunder and for SVJ’s cash contribution to SC Assets of $22,500, SC Assets issued 52,500shares of SC Assets Class B Common Stock. 219 Managed Services Agreement On August 8, 2025, SC Assets entered into a managed services agreement (the “ Managed Services Agreement”) with Flow Labs Limited (“ Flow Labs”), an entity that is owned by Ahmed J. Aly, the Chief Technology Officer of SC Assets and a holder of more than 5% of the outstanding shares of SC Assets Class B Common Stock, pursuant to which, among other things, Flow Labs agreed to provide certain IT infrastructure management, support and development services relating to the validator business, to SC Assets. No fees will be payable under the terms of the agreement before the Closing. Commencing on the Closing Date, SC Assets has agreed to pay Flow Labs a fixed fee of $15,000 per month for the services rendered thereunder. The term of the Managed Services Agreement will continue until the earlier of (i) the termination of the Business Combination and (ii) three years after the Closing and will automatically renew for successive one year periods thereafter unless either party provides written -noticeof non -renewalto the other party at least ninety days prior to the end of the then -currentterm. Statement of Policy Regarding Transactions with Related Persons StablecoinX will adopt a formal written policy that will be effective upon the Closing providing that StablecoinX’s officers, directors, nominees for election as directors, beneficial owners of more than 5% of any class of StablecoinX’s capital stock, any member of the immediate family of any of the foregoing persons and any firm, corporation or other entity in which any of the foregoing persons is employed or is a general partner or principal or in a similar position or in which such person has a 5% or greater beneficial ownership interest, are not permitted to enter into a related party transaction with StablecoinX without the approval of StablecoinX’s audit committee, subject to certain exceptions. Indemnification of Directors and Officers The Bylaws will provide that StablecoinX will be required to indemnify its directors and officers to the fullest extent permitted by the DGCL. In addition, the Certificate of Incorporation will provide that StablecoinX’s directors will not be liable for monetary damages for breach of fiduciary duty to the fullest extent permitted by the DGCL. 220 EXECUTIVE AND DIRECTOR COMPENSATION In this section, “we”, “us” and “our