Company: SBXD
Filing Date: 2025-08-07
Form Type: 425
Source: 0001104659-25-075274
Chunk: 10

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 425
Chunk 10
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 if the breach would result in the failure of the related condition to Closing and the breach or inaccuracy is
incapable of being cured or is not cured in accordance with the terms of the Business Combination Agreement; (vi) by the Company for
SPAC’s material uncured breach of the Business Combination Agreement, if the breach would result in the failure of the related
condition to Closing and the breach or inaccuracy is incapable of being cured or is not cured in accordance with the terms of the
Business Combination Agreement; or (vii) by either SPAC or the Company if the Closing has not occurred on or before nine months from
the date of the Business Combination Agreement.

None of the parties to the
Business Combination Agreement is required to pay a termination fee or reimburse any other party for its expenses as a result of a termination
of the Business Combination Agreement. However, each party will remain liable for willful breaches of the Business Combination Agreement
or for Fraud Claims prior to termination. Notwithstanding the foregoing, SPAC will bear all fees, costs and expenses incurred by any party
in connection the filing of the Registration Statement with the SEC and submitting a listing application for Pubco securities to Nasdaq
or NYSE, as applicable, regardless of whether the Closing occurs. Additionally, following the Closing, Pubco will be required to reimburse
or pay or cause to be reimbursed or paid, all expenses of the parties, provided that expenses of the SPAC (subject to certain exceptions)
shall only be reimbursed up to an amount of $7,000,000.

Trust Account Waiver

The Company, Pubco, SPAC Merger
Sub and Company Merger Sub have agreed that they and their affiliates will not have any right, title, interest or claim of any kind in
or to any monies in SPAC’s trust account held for its public shareholders, and agreed not to, and waived any right to, make any
claim against the trust account (including any distributions therefrom).

SPAC Representative and Seller Representative

The Sponsor is serving as
the SPAC Representative under the Business Combination Agreement, and in such capacity will represent the interests of the SPAC Shareholders
and their respective successors and assignees after the Closing (other than the Company Holders) with respect to certain post-Closing
matters under the Business Combination Agreement and certain ancillary documents. Edward Chin is serving as the Seller Representative
under the Business Combination Agreement, and in such capacity will represent the interests of the Company