SEC Contract Filing

Filing Date: 2025-04-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea023776301ex10-1_chain1.htm
<DESCRIPTION>TERMINATION AGREEMENT, DATED AS OF APRIL 7, 2025, BETWEEN CHAIN BRIDGE I AND PHYTANIX BIO
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>MUTUAL TERMINATION OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>BUSINESS COMBINATION AGREEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Mutual Termination of
Business Combination Agreement (the &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of April 7, 2025, by and between Chain
Bridge I, a Cayman Islands exempted company (&ldquo;CBRG&rdquo;), and Phytanix Bio, a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;,
and together with CBRG, the &ldquo;<U>Parties</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Parties, CB Holdings,
Inc., a Nevada corporation (&ldquo;<U>HoldCo</U>&rdquo;), CB Merger Sub 1, a Cayman Islands exempted company (the &ldquo;<U>CBRG Merger
Sub</U>&rdquo;), and CB Merger Sub 2, Inc., a Nevada corporation (the &ldquo;<U>CBRG Merger Sub</U>&rdquo;), entered into that certain
Business Combination Agreement, dated as of July 22, 2024 (the &ldquo;<U>Business Combination Agreement</U>&rdquo;), pursuant to which,
among other things, (i) the CBRG Merger Sub will merge with and into CBRG, with CBRG as the surviving company in such merger, (ii) the
Company Merger Sub will merge with and into the Company, with the Company as the surviving company in such merger, and (iii) after giving
effect to such mergers, CBRG and the Company will each be a wholly-owned Subsidiary of HoldCo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, pursuant to Section
7.1(a) of the Business Combination Agreement, the Business Combination Agreement may be terminated by the mutual written consent of the
Parties; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Parties have
mutually agreed to terminate the Business Combination Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of mutual covenants set forth herein, the Parties hereto agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <B>Definitions.
</B>All capitalized terms not otherwise defined in this Agreement shall have the definitions given such terms in the Business Combination
Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. <B>Termination.
</B>Notwithstanding anything to the contrary in the Business Combination Agreement, effective as of the date hereof, the Business Combination
shall terminate in its entirety without the need for further action and shall be of no further force and effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3. <B>Final
Agreement. </B>This Agreement shall constitute the final agreement and understanding of the Parties on the subject matter hereof. This
Agreement may be modified only by a further writing signed by the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4. <B>Further
Assurances.</B> Each of the Parties hereby further covenants and agrees to execute and deliver all further documents and agreements and
take all further action that may be reasonably necessary or desirable in order to enforce and effectively implement the terms and conditions
of this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5. <B>Successors
and Assigns. </B>This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their heirs, legal representatives,
successors and assigns.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6. <B>Applicable
Laws. </B>This Agreement shall be governed by and construed in accordance with the laws of the State