Company: SBXD
Filing Date: 2025-08-07
Form Type: 8-K/A
Source: 0001104659-25-075273
Chunk: 7

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 8-K/A
Chunk 7
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 the Parties

The Business Combination Agreement
also contains pre-closing covenants of the parties, including obligations of the parties to operate their respective businesses, in all
material respects, in the ordinary course of business consistent with past practice, and to refrain from taking certain specified actions
without the prior written consent of the Company, with respect to SPAC, and SPAC, with respect to the Company, Pubco and the Merger Subs,
in each case, subject to certain exceptions and qualifications. Additionally, the parties have agreed not to solicit, initiate, assist,
negotiate or enter into competing transactions, as further provided in the Business Combination Agreement. The covenants do not survive
the Closing (other than those that are to be performed after the Closing).

The Business Combination Agreement
also contains obligations of certain of the parties to use their reasonable best efforts to consummate the Business Combination. This
includes certain obligations of Pubco, the Company and SPAC with regards to carrying out any additional financing transactions in connection
with the Business Combination (the “Additional Financing Transactions”), obligations of Pubco to use reasonable
best efforts to consummate the transactions contemplated by the Standby Equity Purchase Agreement (described below) (the “SEPA”),
and obligations of the Company to use reasonable best efforts to consummate the transactions contemplated by the Preferred Equity Investment
Subscription Agreements (described below) (the “Preferred Equity Investment,” and together with the SEPA, the “Initial Financing Transactions” and together with any Additional Financing Transactions and the other transactions contemplated by the
Business Combination Agreement, the “Transactions”).

Within fifteen (15) Business
Days after receipt of the gross cash proceeds of the Preferred Equity Investment, the Company shall cause Galaxy Digital to purchase,
on behalf of the Company, a number of Bitcoin equal to such aggregate gross cash proceeds of the Preferred Equity Investment, less a holdback
of $200,000 (such Bitcoin, the “Purchased Bitcoin”). The Purchased Bitcoin will be placed in a custodial account in
accordance with a custody agreement by and between the Company and Anchorage Digital Bank, N.A., as custodian, and contributed to Pubco
at the Closing.

SPAC, the Company and Pubco
have agreed, as promptly as practicable after the execution of the Business Combination Agreement and delivery by the Company of the
requisite financial statements, to prepare and file with the SEC, a registration statement on Form S-4 (as amended or supplemented from