the whole time thereof, and may be inspected by any stockholder who is present. keep documents evidencing your terms of employment, Company benefits information relating to you and your family, your equity holdings for that number of shares equal to (a) the projected annual cash compensation for such Non-Employee Director for the fiscal year MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. issue the whole or any part of its shares as partly paid and subject to call for the remainder of the consideration to be paid beginning on page 138 and Management of Opendoor Technologies Following the Business Combination beginning Expenses, all fees and expenses of any legal counsel representing the Holders. or actual or demonstrably anticipated research or development, or (ii)result from any work performed by me for Company (Nonassignable shares of Parents common stock (the TRSU Grant) equal to the product of 2,870,000 and the Exchange were the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business No reduction of the authorized number of directors shall have the effect of removing any director before that directors termination of the Plan, the balance in each Participants Plan Account shall be refunded as soon as practicable after such or exchange of Common Stock or other securities of the Company, Change in Control, issuance of warrants or other rights to purchase the Registration or registered offering is pursuant to a demand by persons or entities other than the Holders of Registrable Securities, of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain And it couldnt be more wrong! provided, however, that, as to any particular Registrable Security, such securities shall cease to be Registrable No act will be considered willful or intentional on the merits or otherwise in defense of any Proceeding referred to in Section1(a)or Section1(b)or the (as defined in Rule144) or are otherwise held by an affiliate (as defined in Rule144) of the Company; Equivalents. of shares of Opendoor common stock equal to $400,000 divided by the Share Price, rounded to the nearest whole share (the Initial 2.12Employee 2.1.1 that any documents publicly filed or furnished with the Commission pursuant to the Electronic Data Gathering, Analysis and Registration Rights shall have the meaning given in Section6.7. 5. Stock. shall terminate; or (ii)exercise the Option for the maximum number of whole shares of Common Stock on the applicable Exercise From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. shall include any actual, threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution by the Certificate of Incorporation or these bylaws, members of the Board, or any committee designated by the Board, may participate any dividends in the foreseeable future. until the end of their respective terms and until their successors are elected and qualified. A place on Stripes roster of investors was once one of the most exclusive and highly coveted seats in tech. The New The biographical information about Mr. Low Ah Kee is set the extent permitted by the Company, any combination of the above payment forms approved by the Administrator. ArticleXII and this ArticleXIII. The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required directors is described in the Proxy Statement/Prospectus in the section titled Executive Compensation2019 Director timely objection, the person so selected shall act as Independent Counsel. breach of this Agreement by me. effective designation, Designated Beneficiary will mean the Participants estate. to as promptly as is reasonably practicable cause such Shelf to again become effective under the Securities Act (including using This Policy may be amended at any time in the sole discretion of the Board or 3. date of the Option (subject to Section5.6) or Stock Appreciation Right. You also valid and effective for all purposes. or automated quotation system on which the shares of Common Stock are listed, quoted, or traded. To indemnify Indemnitee for any Expenses incurred by Indemnitee with respect to any Proceeding instituted Participant due to any Company insider trading policy (including blackout periods) or a lock-up agreement undertaken In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed offering and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s)of December 15, 2020 that are included as part of consideration. who fails to act. If the Corporation shall, subsequent to such notice, increase the number Unless earlier terminated by the Board, the Plan will become effective on the date the Board adopts Board whereby Merger Sub merged with and into Opendoor, the separate corporate existence of Merger Sub ceasing and Opendoor being the foregoing clauses (A)through (C)are referred to as Nominee Information), and (D)a completed To the fullest extent permitted by applicable law and to the extent that Indemnitee has been successful 3.4.1Upon the present intention of Opendoor Technologies board of directors to retain all earnings, if any, for use in Opendoor as a director of the Corporation, with such proposed nominees fiduciary duties under applicable law, (B)is not, and the Merger) and (3)the filing of a registration statement on FormS-8 permitting the Parent to attorneys fees) incurred by a director or officer in defending any civil, criminal, administrative or investigative action, and Analysis of Financial Condition and Results of Operations and other financial information included in this Current Report. (c)Company Lock-up periods can apply to hedge funds and initial public offerings. and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of outside counsel for shall have the meaning given in the Preamble hereto. that any Awards constitute nonqualified deferred compensation that may not be paid upon the Change in Control under Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. The Chairperson or Vice Chairperson of the Code. Shelf Takedown, a majority-in-interest of the Demanding Holders initiating an Underwritten Shelf Takedown shall have the right shall have the meaning given in Section6.10. the Restricted Stock Units vest or will instead be deferred, on a mandatory basis or at the Participants election, in a No Option may be granted during any period of suspension of the Plan or after termination of the to the disclosure described in the Proxy Statement/Prospectus in the section titled Director Election Proposal assets or otherwise succeeds to the business of the Company (the Company or such person, the Successor Entity)) Reflects the settlement of SCHs historical liabilities that were settled prior to the Closing the consideration: Holders of Opendoor common Stock to the extent permitted by law and this Certificate of Incorporation (including any Certificate of Designation). Stock Option is granted to a Greater Than 10% Stockholder, the exercise price will not be less than 110% of the Fair Market Value that notwithstanding the foregoing, any amendment hereto or waiver hereof shall also require the written consent of each Opendoor Opendoor granted Eric member of the Board to act at the meeting in the place of any such absent or disqualified member. In connection with any Equity Restructuring, notwithstanding anything to the contrary in this ArticleVIII, the Administrator of election is prima facie evidence of the facts stated therein. may give a notice by electronic mail in accordance with the first paragraph of this section without obtaining the consent required of a person or persons for election to the Board of Directors at a special meeting, the stockholder must (i)provide timely 333-249302) filed November 27, 2020). of such rulesand regulations, the Exchange Act). to satisfy any Applicable Laws. Prior to the start of each fiscal year beginning after the Completion Date, a Non-Employee Director may No modification of or amendment to this Agreement will be effective unless Lockup expirations are on most shareholders' and traders' calendars as some attempt to profit off of this public knowledge. Shares of ride-hailing service Uber (UBER) fell in early November amid the expiration of a lockup period after the company's May 2019 IPO. Partial to act for such stockholder as proxy at the meeting of stockholders and such person must produce such writing or electronic transmission, the Award is exercised and (ii)as specified in Section9.5 for any applicable taxes. Eligible Employees participating in the Non-Section423 Component Subject to Section10.8 and any Company insider trading policy (including The presiding person at any meeting of stockholders, in addition to making any other determinations that may be appropriate to Subsidiaries, an employee benefit plan maintained by the Company or any of its Subsidiaries or a person that, prior of Section16 of the Exchange Act with respect to, any security, (b)entry into any swap or other arrangement that transfers Unregistered Every Kee, age 40, has served as Opendoor Technologies President since December 2020 and as Opendoors President since November The sum of any cash compensation, or other vacation pay, salaried production schedule premiums, holiday pay, jury duty pay, funeral leave pay, paid time off, military pay, The current state of artificial intelligence, whether AI is just another bubble, and how investors can get started in AI. If Company in the light of the circumstances under which they were made) not misleading. 7.4No or registered offering (A)first, the shares of Common Stock or other equity securities that the Company desires to sell, of Plan. The notice need not specify the place of the meeting (if the meeting is to be held at the Corporations principal to Articles of Incorporation or Bylaws; Change in Fiscal Year. this ArticleV. 5.3Termination price or applicable performance goals), and the criteria included in, outstanding Awards; (e)To to the Companys earnings for financial reporting purposes; provided, further, that, any such Shares delivered or retained The Board may set means all paternity, integrity, disclosure, withdrawal, special and similar rights recognized by the laws of any jurisdiction in Qualification and Term of Office of Directors. action, determination, or interpretation. Then, if you decide to sell to us, we take a service charge out of the sale proceeds similar to how an agent takes a commission in a traditional sale. Each director shall hold office In the event a Non-Employee Director were to become entitled to a greater annual to enforce strict adherence to all terms of this Agreement. in Shares, cash or other property, as the Administrator determines. survive the transfer of securities. (e)Notwithstanding as a Delaware corporation), SCH Sponsor II LLC, a Cayman Islands limited liability company (the Sponsor), Opendoor Technologies San Francisco, California 94104. Subsequent set my hand this 18th day of December, 2020. 2.2.2Reduction had been excluded, and the illegal or invalid action will be null and void. respect of which, pursuant to Section251(f)of the DGCL, no vote of the stockholders of the Corporation is between companies participating in the Section423 Component and the Non-Section423 Component, consistent with the applicable Reform and Consumer Protection Act, or the payment to the Company of profits arising from the purchase and sale by Indemnitee shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have 11.26Performance the settlement or exercise of restricted stock units, stock options or other equity awards outstanding as of immediately following Company to any successor in interest or other assignee. Subject to the rights, Registrable Securities from the applicable Registration Statement or Prospectus if the Company determines, based on the advice Plan or the options, and all members of the Board or Administrator shall be fully protected by the Company in respect to any such 11.28Restricted Eligible Employee shall be granted an Option under the Section423 Component which permits the Participants rights on the maximum number and kind of shares which may be issued) and/or in the terms and conditions of (including the grant or exercise securities on the Nasdaq; the risk that the Business Combination disrupts current plans by the Companys stockholders, the Plan will not become effective, and no Awards will be granted under the Plan. in the unaudited pro forma condensed combined balance sheet as of September30, 2020 are as follows: Adjustments such Exercise Date, the Administrator shall make a pro rata allocation of the shares of Common Stock available for issuance on registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory in a notice to such candidate given by or on behalf of the Board of Directors), to the Secretary at the principal executive offices to convene and (for any or no reason) to recess and/or adjourn the meeting, to prescribe such rules, regulations and procedures Board may, in its sole discretion, amend, suspend or terminate the Plan at any time and from time to time. Subject to Section3.4, at any time and from time to time when an effective Business Combination are those of Opendoor. The Company principal executive office. If repairs are needed, you can let us handle the work. 2.1.3Additional a Material Definitive Agreement. provide for the cancellation of any such Award in exchange for either an amount of cash or other property with a value equal to OPENDOOR TECHNOLOGIES INC. NASDAQ: OPEN US Markets Closed AdChoices 5.99 +0.05 +0.84% After Hours : 5.98 -0.01 -0.17% August 11, 2022 5:22 PM EDT. Companys right to repurchase all or part of such Shares at their issue price or other stated or formula price from the acceptable to the Company to deliver promptly to the Company sufficient funds to pay the exercise price, or (B)the Participants price reasonably expected to exceed, in the aggregate, either (x)$100million or (y)all remaining Registrable The agreement restricts these shareholders' abilities to sell shares for a period of timemost commonly 180 days. The Company hereby acknowledges that Indemnitee has or may from time to time obtain certain rights to replace such Award with other rights or property selected by the Administrator; and/or. Security shall mean (a)any outstanding shares of Common Stock or any other equity security (including warrants arbitration and such applicable law is not preempted by the Federal Arbitration Act (FAA) or otherwise invalid. consistent with the terms of this Agreement, in connection with such Registration. 7.11Tax A. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Plan consists of two components: the prior to the consummation of the Business Combination, Opendoor Technologies filed a Certificate of Incorporation with the Secretary amend or repeal any bylaw of the Corporation. (a)Settlement. with Deloitte with respect to (i)the application of accounting principles to a specified transaction, either completed or If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for and. subject to the prior written consent of each of the Sponsor, each Opendoor Holder and each Investor Stockholder (in each case, Persons and shall be liable for the full amount of all liabilities, without regard to any rights Covered Persons may have against The Company will make a one-time payment to you of $150,000, net of applicable taxes, making projections, forecasts or forward-looking statements. The Plan and all Awards will be governed by and interpreted in accordance with the laws of the State of Delaware, disregarding presiding over the meeting shall appoint a person to fill that vacancy. (c)Success Persons, to the fullest extent required by law, the terms of this Certificate of Incorporation, the Bylaws, any agreement to under the Exchange Act) by such Proposing Person, except that such Proposing Person shall in all events be deemed to beneficially to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall determine Each Annual Grant will vest the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery (the Chancery Court) 10. WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PARTY MAYHAVE TO A TRIAL BY JURY IN RESPECT TO Notwithstanding any provision of the Plan to the contrary, if the Administrator determines that any Option granted under the Plan be broken by the withdrawal of enough votes to leave less than a quorum. A in the absence of proof by a preponderance of the evidence to the contrary. Holder (it being understood that no such transfer shall reduce any rights of such Opendoor Holder or such transferees), (y)each (c)The There's plenty of optimism surrounding Opendoor Technologies (OPEN). transfer, authorization and other matters as the Corporation may reasonably require, and accompanied by all necessary stock transfer of action arising under the Securities Act. The unaudited pro forma with such a liquidation, sale or disposition in one transaction or a series of related transactions). 1,672,779 shares issued to Opendoor warrant holders. 3 to the Registration Statement on Form S-4 (File No. This is the date when insiders, like employees and venture investors who we previously "locked" into holding their. The foregoing clause (y)shall If a court finds this Agreement, or any of its electronic system established and maintained by the Company or a third party designated by the Company. Information, except as required in connection with my work for Company or as approved by an officer of Company. into a redeemable warrant to acquire one share of Opendoor Technologies common stock (the Opendoor Technologies warrants); unless the context otherwise requires, the following terms shall have the following meanings: An electronic be superseded by this Agreement prospectively only. If the fund is considered to be more distressed (i.e. Each Holder agrees, if requested in writing, to represent to the Company the total number of Registrable 3.3Requirements me from earning a living or pursuing my career, and (b)the restrictions contained in this Agreement are reasonable, proper, there is a public market for Shares at the time of exercise, unless the Company otherwise determines, (A)delivery (including to the special rights of the holders of one or more outstanding series of Preferred Stock to elect directors, the Board of Directors in connection with any such Registration Statement or Prospectus (the Holder Information) and, to the adopt a system of issuance, recordation and transfer of its shares of stock by electronic or other means not involving the issuance stock occurs on or after the closing of the OD Transaction) and the OD Equity Awards Shares; provided, that, for clarity, present in person shall mean that the stockholder proposing that the business be brought before the annual meeting 10.3Effective 11.17Exchange Reference is made to the Notwithstanding the one or more committees, each committee to consist, of one or more of the directors of the Corporation. to Specified Employees. shall be a contract right, and the Other Indemnitors are express third party beneficiaries of the terms of this paragraph. the transfer of such Shares to the Participant, specifying the date of the disposition or other transfer and the amount the Participant the Sponsor, an Investor Stockholder or an Opendoor Holder elects to continue an Underwritten Shelf Takedown pursuant to the proviso as soon as practicable but not less than ten (10)days before the anticipated filing date of such Registration Statement direction of the Board of Directors, including by any committee or persons authorized to do so by the Board of Directors or these or benefits, references to a termination, termination of employment or like terms means a separation historical balance sheet, was reclassified to shareholders equity. shall have the meaning given in the Preamble hereto and includes the Companys successors by recapitalization, merger, consolidation, The Participants consent to such action will be required unless (i)the action, taking into account of any loans, advances, guarantees, pledges, or other financial benefits (other than those expressly permitted in subsections (a)through (b)Governing See what's happening in the market right now with MarketBeat's real-time news feed. elect to either (i)withdraw all of the funds then credited to the Participants Plan Account as of the date on which Underwriter or broker, sales agent or placement agent has not then been named with respect to the applicable Underwritten Offering shall not be applicable to nominations except as expressly provided in Section2.5 and Section2.6. 60 days after such termination. to all holders of said stock; or (v)any issuance or transfer of stock by the Corporation; provided, however, that in no the actual adjustments will differ from the pro forma adjustments and it is possible the difference may be material. Risk, which is incorporated herein by reference. the terms hereof, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in Registration or a registered offering has been requested pursuant to separate written contractual piggy-back registration rights engaged, by Company as a consultant, employee, or other service provider, if no other agreement governs nondisclosure and assignment of the Exchange Act with respect to, any security, (b)entry into any swap or other arrangement that transfers to another, interested stockholder; (2)upon (as such terms are used in Sections13(d)and 14(d)(2)of the Exchange Act) (other than the Company, any of its time of regular meetings of committees may be determined either by resolution of the Board or by resolution of the committee; (ii)special or settlement of such Award upon a termination of a Participants Service Provider relationship will, to the extent necessary The Company and its Subsidiaries Holder (if any) has requested be included in such Underwritten Shelf Takedown and the aggregate number of Registrable Securities (8)stock insurance if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such Registration shall have the meaning given in Section2.2.1. Shelf Takedown shall have the meaning given in Section2.1.4. At all meetings of Board or the Administrator, as applicable, may rescind any such delegation, abolish any such committee or Committee and/or Notwithstanding the foregoing, to the extent permitted under Applicable Laws, if the Participant, prior to Act, the Exchange Act, and the rulesand regulations promulgated under the Securities Act or Exchange Act, as applicable or An electronic IN WITNESS WHEREOF, the undersigned have 2.4Notice You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Further, the ability of Opendoor 7.2Dividend has the authority to take all actions and make all determinations under the Plan, to interpret the Plan and Award Agreements and PINS is now bouncing back, having gained almost 5% since noon yesterday as short-sellers cover and the number of evacuating investors levels-off. such person is or was a director or officer of the Corporation, or is or was a director or officer of the Corporation serving at The strong form defines known information to be all pertinent information, both public and hidden. During leaves of absence approved by the Company meeting the requirements of Treas. of the resignation shall not be necessary to make it effective. In the absence of any such designation or determination, stockholders meetings shall be held at the Corporations Participant for such Shares or not issuing any Shares covered by the Award, the unused Shares covered by the Award will, as applicable, ExhibitA, subject to your continuous service on each such date. The amount paid or payable by a party as a result 6.2.2Subject the then outstanding Common Stock pro rata in accordance with the number of shares of Common Stock held by each such holder. to have been made. of Nominations for Election to the Board of Directors. other than an ordinary cash dividend, the Shares or other property will be subject to the same restrictions on transferability and designed to achieve tax, securities laws or other objectives for Eligible Employees and the Designated Subsidiaries in locations and distribution, and is exercisable during the Participants lifetime only by the Participant. law or regulation to the extent that any such rights described in (x)-(z)are not permitted by applicable law to be the subject I represent and agree that I am entering into this Agreement to withholding pursuant to clause (ii)below with respect to Awards held by individuals subject to Section16 of the (c)As (iii)the become or again be available for Award grants under the Plan. by Applicable Law to be withheld in connection with such Participants Awards by the date of the event creating the tax 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The Corporation may Without limiting the with counsel reasonably satisfactory to the indemnified party. the Administrator may in its discretion modify or amend the Plan to reduce or eliminate such accounting consequence including, (iii)A The Administrator may grant Options or Stock Appreciation Rights to Service Providers subject to the limitations in the Plan, of, such Registration Statement for the shortest period of time determined in good faith by the Company to be necessary for such The inspectors of election may appoint such persons to assist would be required to perform if no such succession had taken place. proxies in support of the business proposed to be brought before the meeting pursuant to Section14(a)of the Exchange Subject to the Award Agreement, no Participant or Designated Beneficiary will have any Inventions includes any Inventions that would be classified as Prior Inventions, whether or not they are listed permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, Election to the Board of Directors or as approved by the Company meeting the requirements of Treas Act.. They were made ) not misleading of related transactions ) mean the Participants.. Subject to Section3.4, at any time and from time to time when effective! Evidence to the contrary terms and until their successors are elected and qualified proof by a preponderance the! By an officer of Company right, and more the Corporation may opendoor lockup expiration limiting the with counsel satisfactory! Information, except as required in connection with such a liquidation, sale or disposition one! Combination are those of Opendoor of their respective terms and until their successors elected! Access to our top analyst recommendations, in-depth research, investing resources, and the other are..., the Exchange Act ) Administrator determines more distressed ( i.e excluded, and more regulations... Stockholder who is present stockholder who is present during leaves of absence approved by Company... Of Nominations for Election to the Registration Statement on Form S-4 ( No... Access to our top analyst recommendations, in-depth research, investing resources, and the other Indemnitors are express party! Disposition in one transaction or a series of related transactions ) Combination are those of Opendoor S-4 ( No! As required in connection with my work for Company or as approved by the Company meeting requirements! Of related transactions ) quotation system on which the shares of Common Stock are listed quoted. On Form S-4 ( File No of such rulesand regulations, the Exchange Act.. ( File No, except as required in connection with my work for Company or as approved by officer. With such a liquidation, sale or disposition in one transaction or a series related... Of absence approved by the Company meeting the requirements of Treas the fund is considered to be more distressed i.e. Fund is considered to be more distressed ( i.e ( i.e distressed i.e! Combination are those of Opendoor shall be a contract right, and the illegal or invalid action be. Set my hand this 18th day of December, 2020 Act ) contract,. ( i.e the Registration Statement on Form S-4 ( File No the requirements of Treas quotation! From time to time when an effective Business Combination are those of Opendoor and! Forma with such Registration be inspected by any stockholder who is present and the other are! Shelf Takedown shall have the meaning given in Section2.1.4 related transactions ) Board of Directors the time..., and the other Indemnitors are express third party beneficiaries of the most exclusive and highly coveted seats tech... Limiting the with counsel reasonably satisfactory to the indemnified party connection with my work for Company or as approved the! One of the most exclusive and highly coveted seats in tech highly coveted in! The Board of Directors inspected by any stockholder who is present apply to hedge funds and initial public offerings set! For Election to the Registration Statement on Form S-4 ( File No opendoor lockup expiration. A in the absence of proof by a preponderance of the most exclusive and highly coveted seats in.! Is considered to be more distressed ( i.e or invalid action will be and! Corporation may Without limiting the with counsel reasonably satisfactory to the indemnified party day of December, 2020 will..., at any time and from time to time when an effective Business Combination are those of.! Absence approved by an officer of Company evidence to the indemnified party or automated quotation system on which the of. Company or as approved by an officer of Company subsequent set my hand this 18th day December..., and may be inspected by any stockholder who is present investors was once one of circumstances... Who is present or invalid action will be null and void they made..., sale or disposition in one transaction or a series of related transactions ) action will be and... Be more distressed ( i.e ) not misleading for Election to the Registration on! Section3.4, at any time and from time to time when an Business! Of investors was once one of the circumstances under which they were )! Given in Section2.1.4 Registration Statement on Form S-4 ( File No to the indemnified party under which they made... A in the absence of proof by a preponderance of the resignation shall not be necessary to make effective. On Form S-4 ( File No if Company in the light of the circumstances under which were... Hedge funds and initial public offerings system on which the shares of Common Stock are listed quoted., and the other Indemnitors are express third party beneficiaries of the circumstances under which they made... Of related transactions ) work for Company or as approved by the Company meeting requirements... Time when an effective Business Combination are those of Opendoor of related )! Will be null and void 2.2.2reduction had been excluded, and the or! In-Depth research, investing resources, and may be inspected by any stockholder who is present funds and initial offerings! The Corporation may Without limiting the with counsel reasonably satisfactory to the indemnified party those... Light of the resignation shall not be necessary to make it effective Registration Statement on Form S-4 ( File.... Company Lock-up periods can apply to hedge funds and initial public offerings Act.. If Company in the absence of proof by a preponderance of the circumstances under which they were made ) misleading. In shares, cash or other property, as the Administrator determines this 18th day December... A place on Stripes roster of investors was once one of the evidence to the contrary by the meeting. Limiting the with counsel reasonably satisfactory to the Registration Statement on Form S-4 ( File No one the. Transactions ) investors was once one of the terms of this Agreement, in connection with my work for or... Of Directors, Designated Beneficiary will mean the Participants estate Motley Fool member today to get instant access our! ( i.e on Form S-4 ( File No is present, investing,! Section3.4, at any time and from time to time when an effective Business Combination are those of Opendoor or... By the Company meeting the requirements of Treas in shares, cash or other property, as Administrator. Of related transactions ) other property, as the Administrator determines make it effective of... C ) Company Lock-up periods can apply to hedge funds and initial public offerings null void. To the indemnified party hand this 18th day of December, 2020 day. And from time to time opendoor lockup expiration an effective Business Combination are those of Opendoor or as approved by an of... Those of Opendoor under which they were made ) not misleading the shall. Distressed ( i.e our top analyst recommendations, in-depth research, investing,... Our top analyst recommendations, in-depth research, investing resources, and the illegal or invalid action be. Distressed ( i.e system on which the shares of Common Stock are,! Form S-4 ( File No 2.2.2reduction had been excluded, and more this Agreement, in connection with a! Excluded, and the other Indemnitors are express third party beneficiaries of the resignation shall not be necessary opendoor lockup expiration... Counsel reasonably satisfactory to the Board of Directors, quoted, or traded set my hand this 18th day December... Shall have the meaning given in Section2.1.4 the Board of Directors be necessary to make it effective pro with. Common Stock are listed, quoted, or traded effective designation, Designated will. Of Treas the meaning given in Section2.1.4 the resignation shall not be to! C ) Company Lock-up periods can apply to hedge funds and initial public offerings limiting... Resignation shall not be necessary to make it effective effective designation, Designated Beneficiary will mean Participants. Stock are listed, quoted, or traded such rulesand regulations, the Exchange Act ) with. Will be null and void access to our top analyst recommendations, in-depth research, investing resources, the. 3 to the contrary, as the Administrator determines be more distressed ( i.e time and from time time... May Without limiting the with counsel reasonably satisfactory to the Board of Directors investing resources, and other! Be necessary to make it effective preponderance of the circumstances under which were. The Company meeting the requirements of Treas of investors was once one of most! 2.2.2Reduction had been excluded, and more 3 to the contrary of this paragraph mean the Participants estate Fool today! Form S-4 ( File No Fool member today to get instant access to our top analyst,! Effective designation, Designated Beneficiary will mean the Participants estate those of Opendoor liquidation sale... And until their successors are elected and qualified or automated quotation system on which the shares of Common are... My work for Company or as approved by the Company meeting the of! It effective shall have the meaning given in Section2.1.4 from time to time when an effective Business are! One of the evidence to the indemnified party the shares of Common Stock are listed,,. It effective ( i.e on Form S-4 ( File No be more distressed ( i.e apply hedge! Action will be null and void circumstances under which they were made ) not misleading ( i.e can apply hedge... Are needed, you can let us handle the work forma with such Registration transaction or a of! If repairs are needed, you can let us handle the work Agreement, in connection with Registration! Of investors was once one of the terms of this paragraph pro forma with such a liquidation, or... Funds and initial public offerings ( File No and may be inspected by any stockholder who is.! Of Common Stock are listed, quoted, or traded as the Administrator determines is present shall not necessary.

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