SEC Contract Filing

Filing Date: 2023-08-11

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>d510525dex104.htm
<DESCRIPTION>EX-10.4
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<TITLE>EX-10.4</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">LOCK-UP</FONT> AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS <FONT STYLE="white-space:nowrap">LOCK-UP</FONT> AGREEMENT (this &#147;<U>Agreement</U>&#148;) is dated as of [&#149;], 2023 by and among
HDL Therapeutics, Inc., a Delaware corporation (the &#147;<U>Parent</U>&#148;) (formerly known as Swiftmerge Acquisition Corp., a Cayman Islands exempted company prior to its domestication as a Delaware corporation), certain former shareholders,
officers and directors of [&#149;] (formerly known as HDL Therapeutics, Inc.), a Delaware corporation (&#147;<U>Target</U>&#148;), identified on the signature page and as set forth on <U>Schedule I</U> hereto (such shareholders, the &#147;<U>Target
Holders</U>&#148;) and other persons and entities (collectively with the Target Holders and any person or entity who hereafter becomes a party to this Agreement, the &#147;<U>Holders</U>&#148; and each, a &#147;<U>Holder</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. The Parent, the Company and IVCP Merger Sub, Inc., a Delaware corporation and direct, wholly-owned subsidiary of the Parent
(&#147;<U>Merger Sub</U>&#148;), have entered into that certain Merger Agreement dated as of __________, 2023 (as amended or modified from time to time, the &#147;<U>Merger Agreement</U>&#148;). Capitalized terms used, but not otherwise defined,
herein shall have the meanings ascribed to such terms in the Merger Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. On the date hereof, pursuant to the Merger Agreement,
the Target Holders received Parent Common Shares in exchange for their shares of Company Capital Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C. Pursuant to the Merger
Agreement, the Target Holders have the right to receive certain Earnout Shares pursuant to Section&nbsp;3.6(a)(i) of the Merger Agreement upon the achievement of each Earnout Milestone. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">D. As a condition of, and as a material inducement for the Parent to enter into and consummate the transactions contemplated by the Merger
Agreement, the Holder has agreed to execute and deliver this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, for and in consideration of the mutual covenants
and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AGREEMENT </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U><FONT
STYLE="white-space:nowrap">Lock-Up</FONT></U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) During the applicable <FONT STYLE="white-space:nowrap">Lock-up</FONT> Period provided
in Section&nbsp;1(d) hereof, each Holder agrees that it, he or she will not offer, sell, contract to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of, directly or indirectly, any of the
<FONT STYLE="white-space:nowrap">Lock-up</FONT> Shares (as defined below), establish or increase a put equivalent position or liquidate with respect to or decrease a call equivalent position with respect to, any of the
<FONT STYLE="white-space:nowrap">Lock-up</FONT> Shares, enter into a transaction that would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership
of the <FONT STYLE="white-space:nowrap">Lock-up</FONT> Shares, whether any of these transactions are to be settled by delivery of any such <FONT STYLE="white-space:nowrap">Lock-up</FONT> Shares, in cash or otherwise, publicly disclose the intention
to make or to enter into any transaction specified above (such transaction, a &#147;<U>Transaction</U>&#148;), or engage in any Short Sales (as defined below) with respect to the <FONT STYLE="white-space:nowrap">Lock-up</FONT> Shares;
<U>provided</U>, <U>that</U>, each Holder shall be permitted to engage in any Transaction with respect to the <FONT STYLE="white-space:nowrap">Lock-up</FONT> Shares if, subsequent to the Closing, (i)&nbsp;the last sales price of the Parent Common
Shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and other similar transactions) for any 20 trading days within any
<FONT STYLE="white-space:nowrap">30-trading</FONT> day period commencing at least 150 days after the Closing or (ii)&nbsp;Parent consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of
Parent&#146;s shareholders having the right to exchange their Parent Common Shares for cash, securities or other property. </P>
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