Company: HSDTW
Filing Date: 2025-09-15
Form Type: 8-K
Source: 0001104659-25-089774
Chunk: 6

Company: Solana Co
Filing Date: 2025-09-15
Form: 8-K
Item: Item 1.01
Chunk 6
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 engaged Pantera to manage the investment of substantially all of Company’s digital assets, digital asset derivatives,
cash and other assets for an initial term of ten (10) years, which term automatically renews for successive periods of one (1) year
each, subject to the mutual agreement of the Company and Pantera. The management fees pursuant to the Trading Advisory Agreement shall
be equal to: (a) 1.0%, if the Client’s Assets Under Management is less than or equal to $1 billion, (b) 0.75% per annum
of assets under management (“ AUM”) if AUM is more than $1 billion but less than or equal to $5 billion and (c) 0.50%
per annum of AUM if AUM is more than $5 billion.

The foregoing description of the Strategic Advisor
Agreements, Trading Advisory Agreement and Strategic Advisor Warrants do not purport to be complete and are qualified in their entirety
by reference to the full texts of such agreements, copies of which are attached hereto as Exhibits, 10.4, 10.5 and 4.5, respectively,
and incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities