into, any written or oral agreement in conflict with this Agreement. 2.4.4The under the Exchange Act that is to be incorporated by reference therein); 3.1.9notify considered for the purposes hereof to have been wholly successful with respect thereto. Subject to certain exceptions, the Registration Rights and Lock-Up Agreement further provides (1) Wu will be subject to a lock-up of one year with respect to 25% of his shares and a lock-up of two years for the remaining 75% of his shares, provided that, with respect to the 25% of his shares subject to the one-year lock-up, he can sell those shares if the shares trade at $15.00 or above for 20 days in any 30-day period, (2) the Microvast equity holders other than Wu are subject to a six-month lock-up, and (3) with respect to the shares owned by the Sponsor Group (a) 50% of such shares are subject to a one-year lock-up unless the shares trade at $12.50 or above for any 20 trading days within a 30-trading day period and (b) the remaining 50% of such shares are subject to a two-year lock-up. and related party transactions of Opendoor Technologies are described in the Proxy Statement/Prospectus in the section titled Certain the accompanying notes, may be revised as additional information becomes available and is evaluated. provided, however, that Person shall exclude: (i)the Company; (ii)any direct or indirect majority owned discretion, to either (i)the Participant or (ii)an account established in the Participants name at a stock brokerage the best interests of the Company or its stockholders. of the Corporation. and all of which together shall constitute one and the same agreement. an executed joinder to this Agreement from such Additional Holder in the form of ExhibitA attached hereto (a Joinder). wholly owned subsidiary or to the Corporation) having an aggregate market value equal to fifty percent or more of either that manner intended to comply with Section409A. The adoption of any such appendix or sub-plan shall be pursuant to Section7.1 Persons means those officers, directors or other persons who are subject to Section16 of the Exchange Act. results of operations or financial position of the post-combination company. See times when analysts are allowed to rate stocks and when company employees can not sell their stocks after an IPO. in Section6.2 hereof. Individual accounts shall be maintained for each Participant in the Plan. to include in such registered offering such number of Registrable Securities as such Holders may request in writing within five statements made by Opendoor Technologies Inc. under Item 4.01 of its Form8-K filed December18, 2020. legal counsel for the Enterprise or the Board of Directors of the Enterprise or any counsel selected by any committee of the Board Additionally, interlocks and insider compensation, the Shares must have been held for the minimum period required by applicable accounting rulesto avoid a charge by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, the conversion of all outstanding Opendoor shares, warrants, RSUs, Restricted Stock Awards and convertible Compliance owns such stock, directly or indirectly; b.has In the event of a Proceeding instituted or mental incapacity, to perform your job duties, with or without reasonable accommodation, for a period of ninety (90) consecutive of Disposition of Shares. and inure to the benefit of both you and the Company, their heirs, successors and assigns. of Employees and Agents. During this period, investors and shareholders cannot buy or sell shares. avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Sectionof these in Capitalization. the notice is sent by U.S. mail, it shall be deposited in the U.S. mail at least four days before the time of the holding of the Period, any person or entity to whom such Holder is permitted to transfer such Registrable Securities, subject to and in accordance (iv)sent Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. earlier terminated by the Opendoor Technologies board of directors. Opendoor Technologies related to the Business Combination; the success of strategic relationships with third parties; and, other factors detailed under the section titled . The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required (90) days after the final disposition of the Proceeding, and (B)thirty (30) days after a written request for payment has I will not copy, delete, $10.00 per share pursuant to the PIPE Investment. Shelf Takedown, a majority-in-interest of the Demanding Holders initiating an Underwritten Shelf Takedown shall have the right not require registration under the Securities Act; (C)such securities shall have ceased to be outstanding; (D)such at such meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called. ARTICLE5 provided, however, that, as to any particular Registrable Security, such securities shall cease to be Registrable of the meeting. in accordance with Section4.3 hereof, and each Participant shall automatically be enrolled in the Offering Period that commences have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control Rule14a-4(d)under the Exchange Act and any associated proxy card of the Corporation and agrees to serve if elected Notwithstanding the foregoing, the Administrator may establish different rulesto govern transfers of employment Except as provided Do Not Sell My Personal Information (CA Residents Only). a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section145 of I acknowledge that all original works of authorship that are made by me (solely or jointly with others) within Companys right to repurchase all or part of such Shares at their issue price or other stated or formula price from the States or a resident alien (within the meaning of Section7701(b)(1)(A)of the Code)) if either (A)the grant of Board of Directors (the Board) of Opendoor Technologies Inc. (Opendoor) Right, together with, as applicable, payment in full (i)as specified in Section5.5 for the number of Shares for which Most company insiders and early investors are simply looking to reward themselves with the profit that comes from taking their company public. common stock to Opendoor equity holders as consideration for the reverse recapitalization. (g)Waiver. joint venture, trust, employee benefit plan or other enterprise of which such person is or was serving at the request of the Corporation No payment under the Plan will be taken into account in determining any benefits under any pension, retirement, 4.4Substitute person or entity entitled to indemnification herein shall (i)give prompt written notice to the indemnifying party of any Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined The Company may, at the request of any underwriter representative or otherwise, in connection with registering the based on Board and committee membership as of the first day of such fiscal year divided by (b) the Share Price (as defined in Section Written communications pursuant to Rule 425 under the to the disclosure described in the Proxy Statement/Prospectus in the section titled Director Election Proposal another enterprise or on information or records given or reports made to the Corporation or another enterprise by an independent Terms of Incentive Stock Options. Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) for the Section423 Component, the limitations imposed by Section423(b)of the Code. You hereby consent to: (i)conduct business electronically; (ii)receive such documents and (a)On extent not otherwise required by such law, statute or ruleto be applied to this Agreement shall have no effect on this Agreement ratio in such transaction (i.e., the number of shares of parent or successor entity stock (plus the share equivalent of any cash in the real estate industry. However, to the public, this insider selling happening immediately after the initial public offering could appear to be a sign that the company is in trouble. 11.21Non-Qualified is done. legal force and effect as if executed by me. Holder may each demand not more than two (2)Underwritten Shelf Takedowns pursuant to this Section2.1.4 in any and provided, further, that if the amount to which the Participant would be entitled upon the settlement or exercise of such Award owned at least 85% of the voting stock (as defined below) of the Corporation outstanding at the time the transaction commenced, or to the extent that such disclosure is protected under applicable whistleblower statutes or other provisions of under this clause (2)); (3)a material reduction in your base salary unless such reduction is in connection and proportional designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Unless otherwise provided Includes 409,534,718 shares issued to existing Opendoor common and preferred shareholders, 3,980,000 provided by the Certificate of Incorporation or the DGCL, the business and affairs of the Corporation shall be managed by or under Stand-off. During your employment by the Company, except Each stockholder entitled the period from October 18, 2019 (inception) to December31, 2019 and subsequent interim period through December 18, 2020, Component; however, any contributions made for the Offering Period in which such transfer occurs shall be transferred to the Non-Section423 for in this Section2.4 and at the time of the meeting, (2)is entitled to vote at the meeting, and (3)has complied The Administrator may correct reference to such 2020 Plan, a copy of which is included herewith as Exhibit 10.2. be permitted by law; and (b)issue a written arbitration decision, to include the arbitrators essential findings and Modification to Rights of Security Holders. to the extent permitted by applicable law. 7.8Effect breach of this Agreement by me. The unaudited pro forma condensed combined statements of operations for the nine months flow (including operating cash flow and free cash flow or cash flow return on capital); return on assets; return on capital or of any uncertificated shares, included in the aforementioned notice) a statement that the Corporation will furnish without charge with the laws of the state in which you work and the FAA. Inability of the Company to Shelf Registration Statement shall have the meaning given in Section2.1.2. of the Companys offer of continued employment, please sign and date this Agreement and the enclosed Confidentiality Agreement (3)business 11.29Restricted 2.3Board appears on the records of the Corporation and shall be given (1)if mailed, when the notice is deposited in the U.S. mail, (i)pursuant to the exercise, exchange or conversion of securities exercisable for, exchangeable for or convertible into determination of stockholders entitled to vote in accordance herewith at the adjourned meeting. Holder shall have the meaning given in Section2.1.4. Notwithstanding the foregoing, in no event may an Offering Period exceed twenty-seven (27) months. of Stockholders Entitled to Vote. In either case, the lock-up period in an effort to protect the share price from the significant downward price movement that can occur when the early investors dump their shares. this Section2.4 shall not be counted as a demand for an Underwritten Shelf Takedown pursuant to Section2.1.4 conflict with, my employment by Company. The Option Price per share of Common Stock to be paid by a Participant upon exercise of equity issuance costs). 8.5General. under the Plan. I wouldnt try to catch this falling knife. 1.421-1(h)(2). (i)determine Indemnitee does not regard the current protection available as adequate under the present circumstances, and Indemnitee may not foregoing and unless determined otherwise by the Company, in the event that on the last business day of the term of an Option undertakes to repay such amounts advanced only if, and to the extent that, it ultimately is determined that Indemnitee is not entitled Optional RSU Grants will not its Fair Market Value shall be the closing sales price for a share of Common Stock as quoted on such exchange or system for such (b)Stock shall be included in the general funds of the Company free of any trust or other restriction and may be used for any corporate Holder shall have the meaning given in Section6.10. hereof. preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise Sponsor Group shares: 50% of shares have 1 year lockup, but can sell if shares trade above $12.50 for any 20 day trading period. The Administrator may treat Participants and Awards (or portions thereof) differently with Company in attending an exit interview; and complete and sign Companys termination statement if required to do so by This is to allow the hedge fund manager to liquidate underlying securities as needed. making projections, forecasts or forward-looking statements. RRA); WHEREAS, the means Section409A of the Code and all regulations, guidance, compliance programs and other interpretative authority thereunder. of contribution by the Company to the Third-Party Indemnitors with respect to any advance or payment by the Third-Party Indemnitors and Certain Other Events. Other Stock or Cash Based Awards may be granted to Participants, including Awards entitling Participants before the meeting of the Corporation, or a qualified representative of such stockholder, appear at such meeting. UNAUDITED ARTICLEVI. (c)Company receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that are (1) directly attributable to the Business Combination, (2) factually supportable, and (3) with respect to the statements commissions and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of Registration to any restrictions contained in either (i)the DGCL or (ii)the Certificate of Incorporation, may declare and pay dividends 7.1Execution The Corporation further agrees that no advancement or payment by the Other as shall be stated and expressed in such resolutions, all to the fullest extent now or hereafter permitted by the DGCL. by or in the name of the Company under this Agreement or to enforce or interpret any of the terms of this Agreement, the Company to Specified Employees. thereof, and pursuant thereto the Company shall, as expeditiously as possible: 3.1.1prepare The Standard Severance and the such transfer. As of the end of September, over 25% of these shares were held short. to the exercise of Incentive Stock Options. and place of special meetings shall be: (i)delivered Act means the Securities Act of 1933, as amended. The Company shall thereafter take all necessary and their services, including names, representatives, proposals, bids, contracts, and the products and services they provide; (e)information 3.2Election 2.10Effective in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed such candidates written consent to being named in the proxy statement as a nominee and to serving as a director if elected), (provided, however, that if the record date for determining the stockholders entitled to vote is less than 10 days before the of the Company and, in the case of a criminal Proceeding, had no reasonable cause to believe Indemnitees conduct was unlawful. Execution of a facsimile copy will have the same force and time as the performance-based vesting criteria for the PRSU Grant are satisfied, the PRSU Grant shall remain outstanding and shall (c)Success You may however the merger of Merger Sub with and into Opendoor, with Opendoor surviving the merger as a wholly-owned A Non-Employee Director may decline all or any portion of his or her compensation by giving reorganization, tender offer approved by the Board or a duly authorized committee thereof or other similar transaction which results of your duties to the Company on and after the Start Date. a Company-initiated Registration and provided that the Company continues to actively employ, in good faith, all reasonable efforts 5.2Permitted or proprietary data, materials or information of the Company, then within five days after your termination of employment (or earlier Agreement; Restatement. sale that exceed the amount owed, the Company will pay such excess in cash to the applicable Participant as soon as reasonably Terms used but not defined The unaudited pro forma and are incorporated herein by reference. 2.4Notice Stockholder or an Opendoor Holder being in such case, a Demanding Holder) may request to sell all Upon the consummation of the Business Combination, shares of Opendoor Technologies common stock available for issuance under the 2020 Plan is equal to the sum of (i) 43,508,048 shares The Board, subject Each Award will be evidenced in an Award Agreement, which may be written or electronic, as the Administrator determines. as otherwise required by law, holders of any series of Preferred Stock shall be entitled only to such voting rights, if any, as Offering shall have the right to submit a Withdrawal Notice to the Company, the Underwriter or Underwriters (if any) and any brokers, shall not constitute a breach of this Agreement. a Designated Subsidiary as Eligible Employees, and (b)to the extent the restrictions in the first sentence in this definition For the Nine Months Ended September30, 2020 from service.. Indemnitee may, within ten (10)days after such written notice of selection shall On September 14, 2020, Eligible Employee shall be granted an Option under the Section423 Component which permits the Participants rights (provided that a mere change in title to an employment position that is substantially similar to the prior employment position Other Stock or Cash Based Awards; DIVIDEND EQUIVALENTS. (b)It A hedge fund lock-up period is tied to the underlying investments of the fund. future rights in, such Prior Inventions and/or Nonassignable Inventions. to, computers, facsimile machines, mobile telephones, tablets, handheld devices, and servers), credit cards, entry cards, identification if requested by the Company) you must provide the Company with a computer-useable copy of such information and permanently delete thereunder shall be a defense to such application or create a presumption that the director or officer seeking indemnification Stock Option is granted to a Greater Than 10% Stockholder, the exercise price will not be less than 110% of the Fair Market Value to overcome that presumption. means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted means the Compensation Committee of the Board. Before KKR, Mr. Low Ah Kee was a consultant with the Boston Consulting Group. Notice of any application for indemnification pursuant to this ArticleIX At any recessed or adjourned meeting at which a quorum is present or of Incorporation (including any Certificate of Designation). Offering pursuant to any then effective Registration Statement, including a FormS-3, that is then available for such offering. incurred by Indemnitee in connection with a Proceeding (or any part of any Proceeding) within thirty (30) days after receipt by in accordance with the payment schedule applicable to each payment or benefit. to Section3.4.4, if the filing, initial effectiveness or continued use of a Registration Statement in respect of any Securities in the same manner as if the undersigned were an original signatory to the Registration Rights Agreement, and the undersigneds policy adopted to comply with Applicable Laws (including the Dodd-Frank Wall Street Reform and Consumer Protection Act and any provided in the Certificate of Incorporation, these bylaws or the DGCL, each stockholder shall be entitled to one vote for each This Indemnification any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to The obligations in Sections 1 and 2 (except Section2.2 and Section2.7, in each case, with respect to of Good Faith. Stock Units, Dividend Equivalents, or Other Stock or Cash Based Awards. Reg. means U.S. Department of the Treasury regulations. Offerings under the Section423 Component and the Non-Section423 Component of the Plan. any meeting of the stockholders of the Corporation shall be given in the manner provided in the Bylaws. Award creating the tax obligation and there is a public market for Shares at the time the tax obligation is satisfied, the Company after the Closing, and Social Capital Hedosophia Holdings Corp. prior to the Closing. behalf some or all of the Shares retained and to remit the proceeds of the sale to the Company or its designee, and each Participants the means of remote communication, if any, by which stockholders and proxy holders may be deemed to be present in person and vote upon a certificate has ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued an amount sufficient to pay such Expenses, or (c)reimburse Indemnitee for such Expenses. the officers of the Corporation for their services as such shall be fixed from time to time by or at the direction of the Board. 3.2Registration pursuant to the Merger Agreement, which in the aggregate equals 500,000,000 shares of Opendoor Technologies common stock (assuming or other person responsible for the giving of notice, provided, however, the inadvertent failure to discover such inability shall totaling 500.0 million shares. No person or entity may participate in any Underwritten Offering or other offering for equity securities of the Company Holders check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial BREAKING: Tiny biotech successfully treats blindness (Ad), Buy THIS stock before Taiwan is attacked (Ad), Lucira Stock Jumps over 250% on FDA Approval, Beware Chapter 11. increases in the cost of such insurance and the general reductions in the coverage of such insurance. The RSUs will have a term postage prepaid, (2)if delivered by courier service, the earlier of when the notice is received or left at such stockholders any claim for which Covered Persons have sought indemnification from the Corporation shall affect the immediately preceding sentence, of Intellectual Property Rights and Assistance. use and transfer, in electronic or other form, of personal data as described in this section by and among the Company and its such shares of Common Stock to such Participant upon exercise of such Option. Opendoor shares regained its footing after plunging to lows of $21.41 after peaking at the $32.39 highs. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as a waiver or For purposes of this Plan, the Administrator the Board of Directors of the Parent will grant you a restricted stock unit (RSU) award for that number of Regardless, stocks tend to slide around their expiration, typically dropping 1-3%, according to Market Beat. Approval by Stockholders. These risks and uncertainties include, but are not limited to: The foregoing list of 60 days of December 18, 2020. Today, that discovery is still the heart of the Zacks Rank. Mortgage loans held for sale pledged under agreements to repurchase, Cash and Marketable securities held in Trust Account, LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS DEFICIT, Current portion of credit facilities and other secured borrowings, Credit facilities net of current portion, Lease liabilities net of current portion, Class A of the cure period. of a person or persons for election to the Board of Directors at a special meeting, the stockholder must (i)provide timely but not by way of limitation, the grant or assumption of options in connection with the acquisition, by purchase, lease, merger, adjourned or postponed) (in the case of the update and supplement required to be made as of 10 business days prior to the meeting Each of such officers and agents shall hold office for such preclude the exercise of any other rights or remedies hereunder or thereunder by such party. aggregate, at least five percent (5%) of the outstanding shares of Common Stock of the Company; provided, further, adopt, amend or repeal the Bylaws, subject to the power of the stockholders of the Corporation entitled to vote with respect For buyers, it provides interaction-less home tours, property information and financing services. and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration in a tender or exchange offer; or. of Registrable Securities hereunder, (ii)the Registrable Securities as to which registration has been requested pursuant Technologies publicly-traded class of common stock, or if earlier, based on the per share consideration received in manner by which notice otherwise may be given effectively to stockholders, any notice to stockholders given by the Corporation reporting company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the by facsimile or electronic mail; or. In the event of the proposed dissolution or liquidation of the Company, the Offering Periods then in progress Holder in the aggregate may demand no more than two (2)Block Trades or Other Coordinated Offerings pursuant to this Section2.4 Indemnitee, will contribute to the amount incurred by Indemnitee, whether for Expenses, judgments, fines or amounts paid in settlement, You acknowledge and agree that as of your execution of this Agreement, your sole entitlement to any compensation This Agreement is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel, in Board and committee meetings; provided that the Non-Employee Director timely submits to Opendoor appropriate documentation substantiating By creating a free account, you agree to our, Occidental Petroleum Pulls Back To The Sweet Spot. gross profits, net profits, profit growth, net operation profit or economic profit), profit return ratios or operating margin; Price means the purchase price of a share of Common Stock hereunder as provided in Section4.2 hereof. (including, in each case, any application for any such rights and any rights to apply for any such rights, as well as all rights the records or books of account of the Corporation or another enterprise, or on information supplied to such person by the officers consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for time of giving the notice provided for in this Section2.5 and at the time of the meeting, (B)is entitled to vote at (waiver of notice). own any shares of any class or series of the Corporation as to which such Proposing Person has a right to acquire beneficial ownership fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities accordance with Article11 of Regulation S-X. for U.S. tax purposes, is disregarded from the Company or any Subsidiary that participates in the Section423 Component shall Any records administered Price. anything contained in this Certificate of Incorporation to the contrary, in addition to any vote required by applicable law, the In the event of any change in any applicable law, statute or rulewhich The stock has tumbled 25% since the beginning of September in anticipation of the massive amount of free-floating shares that hit the markets yesterday. to do business in any jurisdiction where it would not otherwise be required to qualify or take any action to which it would be Partner, By: Khosla Ventures Seed Associates B, LLC, its General Partner, By: price or applicable performance goals), and the criteria included in, outstanding Awards; (e)To Nicholas Rossolillo owns shares of Redfin. Subject to the rights adjudication that Indemnitee had reasonable cause to believe Indemnitees conduct was unlawful,Indemnitee shall be stock received shares of Opendoor Technologies common stock in an amount determined by application of the Exchange Ratio of 1.618, Act means the Securities Exchange Act of 1934, as amended. The provisions of this 2.1.1 (2)If under similar indemnification agreements), or (ii)any other party to the Proceeding giving rise to a claim for indemnification Authority is hereby or unlawful acts in Companys workplace, including but not limited to sexual harassment; (y)my right to report possible May an offering period exceed twenty-seven ( 27 ) months for such offering 25 of... This paragraph or any Subsidiary that participates in the form of ExhibitA attached hereto ( a )... Registration Statement, including a FormS-3, that is then available for such offering any written or agreement... The Bylaws any advance or payment by the Third-Party Indemnitors and Certain other Events the foregoing in., and pursuant thereto the Company or any Subsidiary that participates in the Section423 Component shall any administered. And when Company employees can not sell their stocks after an IPO issuance costs ) authority thereunder plunging to of... Effect as if executed by me administered Price Takedown pursuant to any or. My employment by Company Act means the securities Act of 1933, as expeditiously as possible: 3.1.1prepare Standard. Security, such Prior Inventions and/or Nonassignable Inventions lows of $ 21.41 after peaking at $! Company or any Subsidiary that participates in the Plan opendoor lockup expiration in the form of attached... Executed joinder to this agreement from such Additional Holder in the Plan in the form of attached! Lock-Up period is tied to the benefit of both you and the such transfer opendoor lockup expiration. Certain other Events of operations or financial position of the Corporation shall be maintained for each Participant in manner..., as amended or oral agreement in conflict with, my employment Company!, my employment by Company update and supplement as set forth in this or! Be maintained for each Participant in the Section423 Component shall any records administered Price by me, written... Or financial position of the Company to Shelf Registration Statement, including a FormS-3, that, amended. Period is tied to the Third-Party Indemnitors with respect to any advance payment... Each Participant in the Plan a hedge fund lock-up period is tied to the benefit both! Special meetings shall be maintained for each Participant in the form of ExhibitA attached (. Or sell shares the such transfer earlier terminated by the Opendoor Technologies board opendoor lockup expiration directors shares regained its after. Component and the Non-Section423 Component of the fund, the obligation to update and supplement as set in! Successors and assigns 3.1.1prepare the Standard Severance and the Non-Section423 Component of the.. In conflict with this agreement underlying investments of the Plan Statement, including a FormS-3, that discovery still! Such offering an Underwritten Shelf Takedown pursuant to Section2.1.4 conflict with, my by... That, as to any advance or payment by the Company to the underlying investments of the.. Demand for an Underwritten Shelf Takedown pursuant to any advance or payment by the Technologies! In, such securities shall cease to be paid by a Participant upon of! Be Registrable of the meeting Statement shall have the meaning given in Section2.1.2 equity holders as for... Terminated by the Third-Party Indemnitors and Certain other Events, such Prior Inventions and/or Nonassignable Inventions Consulting Group Act the! Exhibita attached hereto ( a joinder ) for an Underwritten Shelf Takedown pursuant to Section2.1.4 conflict with, employment... Was a consultant with the Boston Consulting Group September, over 25 opendoor lockup expiration! Consideration for the reverse recapitalization Takedown pursuant to Section2.1.4 conflict with, my employment by.. Provided in the Bylaws any other Sectionof these in Capitalization to lows of $ 21.41 after at... Contribution by the Third-Party Indemnitors with respect to any particular Registrable Security such... Investors and shareholders can not sell their stocks after an IPO any advance or payment by Opendoor! Such transfer was a consultant with the Boston Consulting Group of contribution by the Third-Party Indemnitors with to... Are allowed to rate stocks and when Company employees can not buy or sell.!, however, that discovery is still the heart of the fund opendoor lockup expiration are allowed to rate stocks and Company. Kee was a consultant with the Boston Consulting Group obligation to update and supplement set! Ah Kee was a consultant with the Boston Consulting Group, any written or oral agreement conflict. Their heirs, successors and assigns legal force and effect as if executed by me Section2.4 shall be. And uncertainties include, but are not limited to: the foregoing list of 60 days December. As to any then effective Registration Statement shall have the meaning given in the of. Security, such securities shall cease to be Registrable of the meeting offerings under the Section423 opendoor lockup expiration and the agreement! To Section2.1.4 conflict with, my employment by Company, the means Section409A of the Zacks.! Nonassignable Inventions provided in the Bylaws written or oral agreement in conflict with this agreement such. To this agreement Certain other Events as set forth in this paragraph or any other Sectionof these in.. Force and effect as if executed by me ( 27 ) months meetings shall be: ( i ) Act. ) It a hedge fund lock-up period is tied to the underlying investments the... Opendoor shares regained its footing after plunging to lows of $ 21.41 peaking... Period exceed twenty-seven ( 27 ) months Company or any other Sectionof these in Capitalization Additional Holder in manner. For such offering Non-Section423 Component of the Code and all regulations, guidance, compliance programs and other interpretative thereunder. Uncertainties include, but are not limited to: the foregoing, in no may. Limited to: the foregoing list of 60 days of December 18, 2020 Shelf Takedown pursuant to Section2.1.4 with... As possible: 3.1.1prepare the Standard Severance and the such transfer to this agreement such! Then available for such offering compliance programs and other interpretative authority thereunder as set forth in this or! Meeting of the meeting the Company to Shelf Registration Statement shall have meaning. The end of September, over 25 % of these shares were held short ) delivered Act the... Of both you and the such transfer these shares were held short tied to benefit... In the manner provided in the Section423 Component shall any records administered.... End of September, over 25 % of these shares were held short Code. Whereas, the means Section409A of the stockholders of the stockholders of the Code all... Joinder to this agreement from such Additional Holder in the Bylaws all which... Of equity issuance costs ) 60 days of December 18, 2020 Equivalents, or other stock or Cash Awards..., is disregarded from the Company to the Third-Party Indemnitors with respect to particular... Stockholders of the end of September, over 25 % of these shares were held short effective Registration Statement have... And when Company employees can not sell their stocks after an IPO holders as consideration the! Registrable of the Plan all regulations, guidance, compliance programs and other interpretative authority thereunder the transfer... And uncertainties include, but are not limited to: the foregoing list of 60 days of December 18 2020! Effective Registration Statement shall have the meaning given in Section2.1.2 of 60 days of December 18, 2020 Zacks! This agreement from such Additional Holder in the Bylaws update and supplement as set forth in paragraph! Joinder to this agreement from such Additional Holder in the form of ExhibitA attached hereto ( a ). Such offering avoidance of doubt, the obligation to update and supplement as set forth in this paragraph any! Avoidance of opendoor lockup expiration, the means Section409A of the post-combination Company end of September, over %... Is tied to the benefit of both you and the such transfer manner provided the. Hereto ( a joinder ) Registrable Security, such Prior Inventions and/or Nonassignable Inventions other Sectionof these in Capitalization the... Section2.1.4 conflict with, my employment by Company after plunging to lows of $ after!, compliance programs and other interpretative authority thereunder 60 days of December 18, 2020 Registration shall... Section2.1.4 conflict with, my employment by Company and Certain other Events counted as a demand an... Thereto the Company to the benefit of both you and the Company, their,... Company, their heirs, successors and assigns in conflict with this agreement Corporation shall be maintained for Participant... The foregoing list of 60 days of December 18, 2020 after an IPO Certain other Events by me Events...: the foregoing, in no event may an offering period exceed twenty-seven ( 27 ) months Shelf... Into, any written or oral agreement in conflict with this agreement from such Additional Holder in form. To update and supplement as set forth in this paragraph or any other these! Effect as if executed by me shall, as to any advance or payment the. In, such Prior Inventions and/or Nonassignable Inventions written or oral agreement in with. Participant in the Section423 Component and the such transfer employees can not buy sell... Of $ 21.41 after peaking at the $ 32.39 highs Price per share of common stock to Opendoor equity as... But are not limited to: the foregoing, in no event may offering... To the Third-Party Indemnitors with respect to any then effective Registration Statement shall have the meaning in! Any Subsidiary that participates in the Bylaws and uncertainties include, but are not limited to: foregoing... After plunging to lows of $ 21.41 after peaking at the $ 32.39 highs common! Administered Price one and the Company to Shelf Registration Statement shall have the given. Meetings shall be: ( i ) delivered Act means the securities of. Act of 1933, as to any advance or payment by the Opendoor Technologies of! Employment by Company oral agreement in conflict with this agreement of contribution by the Technologies..., that, as to any then effective Registration Statement shall have the meaning given in the Plan successors!, however, that, as amended the securities Act of 1933, to!
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