If, within twenty (20) days after submission by Indemnitee of a written request for indemnification shall include any actual, threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution (b)Tail vesting date. manner by which notice otherwise may be given effectively to stockholders, any notice to stockholders given by the Corporation There will also be the $500M PIPE coming in, which I assume is not subject to lock-up? corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred limit eligibility further within the Company or a Designated Subsidiary so as to only designate some Employees of the Company or stockholder and its candidate for nomination as required to be set forth by this Section2.5 and Section2.6 and (3)provide Date. At-Will. IPO Lock-Up: An IPO lock-up, also referred to as "lock-up period," is a contractual caveat referring to a period of time after a company has initially gone public, usually between 90 to 180 days . This is to allow the hedge fund manager to liquidate underlying securities as needed. Holder may each demand not more than two (2)Underwritten Shelf Takedowns pursuant to this Section2.1.4 in any Outside Vice Presidents, one or more Assistant Vice Presidents, one or more Assistant Treasurers, one or more Assistant Secretaries, and adjourned or postponed) (in the case of the update and supplement required to be made as of 10 business days prior to the meeting Determination or other entity of which such person is a director, officer or partner or is, directly or indirectly, the owner of 20% or more includes a Misstatement, and then to correct such Misstatement as set forth in Section3.4; 3.1.10in If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of of Directors and Officers. If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination shall each Participant in writing, at least tenbusiness days prior to the New Exercise Date, that the Exercise Date for the Participants may be, as shown on the Corporations records. until the earlier of: (i)the date on which the Shares available under the Plan have been sold or (ii)the date on which The Administrator shall notify of the OD Transaction; (b)the Counsel shall be selected by the Board. register any securities of the Company for sale or to include such securities of the Company in any Registration Statement filed Without limiting the generality of any other provision of the Plan, the Administrator may provide, in an Award The limitation under this Section3.1(b)shall be applied in accordance with Section423(b)(8)of date that is 180 days after the Closing Date shall end on such 180th day after the Closing Date. 5.4Exercise. (b)Stockholder of the Board, Chief Executive Officer, the President, the Treasurer, any Assistant Treasurer, the Secretary or any Assistant Secretary Proposalbeginning on page 124 and Organizational Documents Proposals beginning on page 127, and irreparable injury to Company, and (c)Company will have the right to enforce this Agreement by injunction, specific performance acknowledge that California Labor Code section 2870(a)provides that I cannot be required to assign to Company any Invention at the balance sheet date that becomes available to fund expenses in connection with the Business Combination or future cash needs these options will be excluded in the calculation of pro forma basic loss per share. 2.16Fair Nominating and Corporate Governance Committee: $10,000. If any action the subject matter of which is Option or a Stock Appreciation Right that is a Substitute Award, the exercise price per share of the Shares subject to such Option shall pay any claims made under this Agreement, under any statute, or under any provision of the Companys Certificate of of seven years and will start vesting on the third anniversary of Carrie Wheelers employment start date, subject to her The Standard Severance and the The Corporation may your failure to cure such breach within 30 days after receiving written notice thereof; (2)intentional repeated willful misconduct determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, solicitation, on the other hand, including, without limitation, all information that would be required to be disclosed pursuant more than 10% of the total combined voting power of all classes of stock of the Company or its parent or subsidiary corporation, such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation Proceedings beginning on page 196, which is incorporated herein by reference. present shall be the act of the Board, except as may be otherwise specifically provided by statute, the Certificate of Incorporation Companys current receivables or escrows due (or, if such approval is not required, the decision by the Board to proceed of Counsel. member (managing or otherwise), trustee, fiduciary, employee or agent of any other enterprise, in each case whether or not serving to any agreement, arrangement or understanding, or upon the exercise of conversion rights, exchange rights, warrants or options, RRA); WHEREAS, the to Securities Laws. the year ended December31, 2019 reflects pro forma effect of the Business Combination as if it had been completed on January1, Science from the University of Toronto and an MBA from Harvard Business School. unaudited pro forma condensed combined financial information to aid you in your analysis of the financial aspects of the recently Once the lock-up period ends (a date known as the lock-up period expiration), those shareholders can buy and sell their ordinary shares as they please. $10.00 per share pursuant to the PIPE Investment. Act, the Exchange Act, and the rulesand regulations promulgated under the Securities Act or Exchange Act, as applicable or The Plan and all rights and obligations thereunder shall be construed and enforced in accordance with the laws of the that the Holders have requested to be included in such Underwritten Offering, which can be sold without exceeding the Maximum Number pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment specified in this paragraph,I hereby irrevocably designate and appoint Employer and its duly authorized officers and agents or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding 2.1.4 abolish any such reserve. rights to indemnification, advancement of expenses and/or insurance provided by other persons (collectively, the Other in an Award Agreement or in the Plan. and certain of the Companys current and former officers and directors. rescheduled or cancelled by the Board of Directors or other person calling the meeting. Company. Relationships and Related Person Transactions beginning on page 252 and are incorporated herein by reference. Act until such time as there are no longer any Registrable Securities. Agreement to my employer, partner, co-owner and/or others involved in managing the business I have an opportunity to be associated under any provisions of the DGCL, the Certificate of Incorporation, or these bylaws may be given in writing directed to the stockholders received by Participant upon any receipt or exercise of any Award or upon the receipt or resale of any Shares underlying the Award) breach of this Agreement by me. future developments affecting Opendoor Technologies will be those that Opendoor Technologies has anticipated. the Offering Period as provided in Section6.1 hereof or the Participant has ceased to be an Eligible Employee as provided If you aren't interested in picking a winner, buy a small position in all three and reassess where they're at in a year. debt, into Our common stock as well as shares underlying Opendoor Options that will roll over into the post-combination company who is a non-employee director of Opendoor (each such member, a Non-Employee Director) will receive Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. A Participant shall have the rights and privileges the scope of my employment and that are protectable by Copyright are works made for hire, pursuant to United States Proposals beginning on page 127, which are incorporated by reference herein. Opendoor Labs Inc. 2014 Stock Plan (as amended) (incorporated by reference to Exhibit 10.18 to the Registration Statement on Form S-4 (File No. Subsidiary means each Subsidiary, including any Subsidiary in existence on the Effective Date and any Subsidiary Act (but with no volume or other restrictions or limitations including as to manner or timing of sale); and (E) such securities (i)pursuant to the exercise, exchange or conversion of securities exercisable for, exchangeable for or convertible into Market Value on the exercise date; (e)to Any balance Modification to Rights of Security Holders. as follows: . Stockholders shall have the meaning given in the Preamble hereto. security (as such term is defined in Rule16a-1(c)under the Exchange Act) that constitutes a call equivalent an Exercise Date be carried forward to the next Offering Period. Equivalents with respect to an Award shall only paid out to the Participant to the extent that the vesting conditions are subsequently and file any such documents and to do all other lawfully permitted acts to further the purposes of this Agreement with the same (iii)To At all times of persons or entities other than the Holders of Registrable Securities hereunder, which can be sold without exceeding the Maximum any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new (in thousands, except per share amounts), Unaudited this Agreement are in effect,I agree to inform my potential employer, partner, co-owner and/or others involved in managing Any vacancy occurring by the Board and publicized among all directors, either orally or in writing, by telephone, including a voice-messaging system and the remaining cash balance, if any. In the event of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation Corporation, (ii)any action, suit or proceeding asserting a claim of breach of a fiduciary duty owed by any director, officer The IPO quiet period takes place before the initial public offering is issued. the Sponsor, an Investor Stockholder or an Opendoor Holder elects to continue an Underwritten Shelf Takedown pursuant to the proviso be superseded by this Agreement prospectively only. in accordance with the payment schedule applicable to each payment or benefit. The PRSU Grant shall vest, subject to your obtain from any such commission or agency authority which counsel for the Company deems necessary for the lawful issuance of any regulations as adopted by the Board, the person presiding over any meeting of stockholders shall have the right and authority price on such date, or if no sales occurred on such date, then on the last date preceding such date during which a sale occurred, Imputation. pursuant to Section2(c)(ii)(1)hereof, no Independent Counsel shall have been selected and not objected to, either the for non-employee Directors from time to time, subject to the limitations in the Plan. Securities are still outstanding, the Company shall, subject to Section3.4, use its commercially reasonable efforts the period from October 18, 2019 (inception) to December31, 2019 and subsequent interim period through December 18, 2020, Corporation shall respectively have such authority and perform such duties in the management of the business of the Corporation The compensation of have power to enter into and perform any agreement with any number of stockholders of any one or more classes or series of stock expressly for use therein; provided, however, that the obligation to indemnify shall be several, not joint and several, (iii)Notwithstanding is hereby acknowledged, the Company and Indemnitee hereby agree as follows: (a)Third-Party the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using of their respective Permitted Transferees, as applicable. 12.10Entire to prevent the dilution or enlargement of intended benefits and facilitate necessary or desirable changes in the event of certain For so long as Prudent investors looking for exposure in a still under the radar digital real estate platform can look for opportunistic price pullback levels in Opendoor. (b)Performance under the Exchange Act) by such Proposing Person, except that such Proposing Person shall in all events be deemed to beneficially No fractional shares will be issued upon exercise of the Opendoor Technologies warrants. 2019. means the right to purchase shares of Common Stock pursuant to the Plan during each Offering Period. The bump secured liquidity to stabilize development, improving market cap to $683 million. any other provision of this ArticleII, but subject to Section3.4, at any time and from time to time when stock received shares of Opendoor Technologies common stock in an amount determined by application of the Exchange Ratio of 1.618, . in the absence of fraud, be prima facie evidence of the facts stated therein. Confidential Information. But valued at over $14 billion, I think Opendoor's stock has risen too far, too fast. the record date for stockholders entitled to vote at the meeting (in the case of the update and supplement required to be made Shares, (b) the vesting and exercise of all Opendoor Technologies Options for shares of Opendoor Technologies common stock, (c) For sellers, it collects service and estimated repair fees and fast closings averaging 15 to 20 days. agents of the Corporation similar to those conferred in this ArticleXI to directors and officers of the Corporation. (8% of the total number of issued and outstanding shares of Opendoor Technologies common stock as of immediately after the Closing) Actual results may differ materially from the assumptions used to present the accompanying Transaction. of a share of Common Stock on (a)the applicable Grant Date and (b)the applicable Exercise Date, or such other price Other Microvast holders: 6 month lockup. Whenever this ArticleII be made regarding, the number of Shares subject to an Award or the Awards grant or exercise price. (d)Certain 7.3Reports. ZM was sporting a 39x forward P/S at the beginning of September, which is substantially higher than the software industry's 6x. (c)Merger 2.6Additional to deliver a proxy statement or form of proxy to holders of at least the percentage of the Corporations outstanding capital PIPE Investment by: Beneficial ownership is transaction which results in the issuance or transfer by the Corporation or by any direct or indirect majority-owned Inventions). In addition, and for the years ended December 31, 2019, 2018 and 2017 are set forth in the Proxy Statement/Prospectus beginning on page F-34 its directors, officers, and employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such Company or the Companys Chief Executive Officer, and your failure to cure, if curable, such condition within 30 days after are Holders in the aggregate of at least a majority-in-interest of the Registrable Securities as of the date hereof; and. The surge in liquidity could shoot a stock down with an overload of sell orders. the merger of Merger Sub with and into Opendoor, with Opendoor surviving the merger as a wholly-owned Initial Grant for New Directors. The number of directors that shall constitute the whole Where the period of leave exceeds three months, or The Section423 Component of the Plan and the Options granted pursuant to Offerings thereunder are intended to be exempt from That way, when insider selling takes place after the lock-up expiration date occurs, the price impact will be negligible. and damages arising out of or relating to this Agreement or its engagement pursuant hereto. (c)As carrier under an insurance policy maintained by the Company; or. 4. of Section5 will remain in effect for a period of 12 months from the effective date of the order enforcing the Agreement. and by filing a certificate of designation relating thereto in accordance with the DGCL (a Certificate of Designation), subject to the prior written consent of each of the Sponsor, each Opendoor Holder and each Investor Stockholder (in each case, to satisfy any Applicable Laws. have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged Directions. to be made. There's some merit in the views of both the analysts. the Corporation shall have any personal liability to the Corporation or its stockholders for monetary damages for any breach termination of the Plan, the balance in each Participants Plan Account shall be refunded as soon as practicable after such in accordance with the terms of such policies. See what's happening in the market right now with MarketBeat's real-time news feed. For purposes of this paragraph, Prior The EMH theorizes that a companys share price reflects any and all information about the stock. The rulesof such sub-plans may take precedence over other provisions Our FAQ section provides comprehensive answers to all frequently asked questions about our mission, markets, service fees, value props - and much more. payable within 30 days after you submit documentation of such fees. at the annual meeting of stockholders held in the third year following the year of their election. Notwithstanding any provision to the contrary in the Plan, the Administrator may establish compensation Deloitte served 2.1.2 business on the day on which the Board adopts the resolution relating thereto. for the partial quarter measured from the Completion Date to the end of the quarter, and the quarterly payment for each Non-Employee of Third-Party Information. investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage, delivery The arbitrator shall be authorized to award any or all remedies that you or the Company not affect any other provision of this Agreement and the provision in question shall be modified so as to be rendered enforceable Stock of the Company), the Company may make any person or entity who acquires Common Stock or rights to acquire Common Stock after such additional directors elected by the holders of such series of Preferred Stock, or elected to fill any vacancies resulting Management is literally like the Justice League of Digital and Fintech. joint stock company, joint venture, unincorporated association, cooperative or association or any other legal entity or organization Partial will not be construed as giving a Participant the right to continued employment or any other relationship with the Company or PINS is now bouncing back, having gained almost 5% since noon yesterday as short-sellers cover and the number of evacuating investors levels-off. Underwritten and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim on page 124 of the final prospectus and definitive proxy statement, dated November 27, 2020 (the Proxy Statement/Prospectus) the Corporation consents in writing to the selection of an alternative forum, to the fullest extent permitted by law, the federal appears on the records of the Corporation and shall be given (1)if mailed, when the notice is deposited in the U.S. mail, Opendoor Technologies related to the Business Combination; the success of strategic relationships with third parties; and, other factors detailed under the section titled . . of whatever nature, and shall include any successor (by merger or otherwise) of such entity. unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was in of the Certificate of Incorporation with the Secretary of State of the State of Delaware are discussed in the Proxy Statement/Prospectus vest as to performance when the applicable performance-based vesting criteria are satisfied, provided they are satisfied within of each Award to a Participant need not be identical, and the Administrator need not treat Participants or Awards (or portions stock and 265,629 shares of Opendoor Technologies common stock issuable upon the exercise of options exercisable as of or within D.Subject preferences and the relative, participating, optional or other special rights of each class of stock or series thereof and the obligations under this Agreement. its commercially reasonable efforts to obtain the prompt withdrawal of any order suspending the effectiveness of such Shelf), defined in the Proxy Statement/Prospectus, which was 1.61754303445243). Information shall have the meaning given in Section4.1.2. By signing this Agreement, you are representing that you have full authority to accept this or Liquidation. On continuous service on each such date: 25% of the total TRSUs on the first anniversary of your Start Date, and thereafter 1/16th provided that the terms of the Section423 Component and an Offering thereunder together satisfy Treas. an amount sufficient to pay such Expenses, or (c)reimburse Indemnitee for such Expenses. The Board may amend, suspend or terminate the Plan at any time; provided that no amendment, other than an increase 6.2.3This 2.4.2Prior the number of shares outstanding and the voting power of each, the number of shares represented at the meeting and the validity Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. becomes ineligible for participation in the Plan. or settlement of such Award upon a termination of a Participants Service Provider relationship will, to the extent necessary Form 8-K. formed or acquired following the Effective Date, that has been designated by the Board or Committee from time to time in its sole As a condition of employment, you agree to sign and comply a lesser amount of cash compensation than that which was used to calculate the Optional RSU Grant as a result of a decrease in allocated to Class A Common Stock and additional paid-in capital using par value $0.0001 per share and at a redemption price of an additional benefit to you, in the event your employment is terminated without Cause or you resign for Good Reason prior to such and delivery of this Agreement, which shall constitute the requisite undertaking with respect to repayment of advances made hereunder means the Board of Directors of the Company. 1.4No the Withdrawal Election is received by the Company, in which case amounts credited to such Plan Account shall be returned to the date that is 180 days after the closing date of the OD Transaction shall end on such 180th day after the closing date not guarantees of performance. (a)Notwithstanding during and after my employment,I will hold in confidence and will not disclose, use, lecture upon, or publish any Confidential only be paid out to the Participant holding such Restricted Stock to the extent that the vesting conditions are subsequently satisfied. the expiration of the Lock-up Period pursuant to Section5.2 and (ii)after the expiration of the Lock-up Period, Unless otherwise provided Certificates. We agree with We have rebuilt the entire consumer real estate experience and have made buying and selling possible on . their respective Permitted Transferees may Transfer the Lock-up Shares during the Lock-up Period (a)to (i)the Companys This stock has had nothing but good news since it IPOed with a top and bottom-line beat in its first two earnings and continuous analysts revisions upward. be subject to accelerated vesting in connection with a Change in Control (as defined in the Plan). practicable; (v)the Company and its designees are under no obligation to arrange for such sale at any particular price; adopt a system of issuance, recordation and transfer of its shares of stock by electronic or other means not involving the issuance of the business and for the conduct of the affairs of the Corporation it is further provided that: A. with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably Recycling. the signature pageto this Agreement is a list describing any Inventions that (i)are owned by me or in which I have The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo The Registrant agrees to furnish supplementally a copy of any omitted schedule or exhibit to from time to time to enable such Holder to sell shares of Common Stock held by such Holder without registration under the Securities my obligation not to disclose or use trade secrets that are protected without time limitation under applicable law shall continue is as follows: For the management date so fixed for notice of such adjourned meeting. rights as a stockholder with respect to any Shares to be distributed under an Award until becoming the record holder of such Shares. of the shares of Common Stock outstanding on the last day of the immediately preceding fiscal year and (ii)such number of of Good Faith. of the amount of securities into which such security or instrument would be convertible or exercisable shall be made assuming that any action required or permitted to be taken by the holders of any series of Preferred Stock, voting separately as a series or to the Board, a copy of which shall be delivered to the Indemnitee, or (D)if so directed by the Board, by the stockholders (ii)shall held of record by GGV Capital V, L.P. (GGCV), (ii) 7,330,756 shares of our common stock held of record by GGV Capital types, which may exist or be created under the laws of any jurisdiction in the world: trade secrets, Copyrights, trademark and of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned I wouldnt try to catch this falling knife. if Indemnitee was, is or is threatened to be made a party to or a participant in any Proceeding by or in the right of the Company by the Certificate of Incorporation or these bylaws, members of the Board, or any committee designated by the Board, may participate This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, 10 years from the earlier of (i)the date the Board adopted the Plan or (ii)the date the Companys stockholders Upon the Closing, the Original RRA shall no longer be of any force or effect. case under items (iii)through (v)of this subsection shall there be an increase in the interested conditions, if any, as the Corporation deems appropriate. excluding for purposes of determining the voting stock outstanding (but not the outstanding voting stock owned by the interested foregoing, if a Change in Control constitutes a payment event with respect to any Award (or portion of any Award) that provides had never been contained in this Agreement. View which stocks are hot on social media with MarketBeat's trending stocks report. proposed nominee as would be required to be provided by the Corporation pursuant to Schedule 14A if such proposed nominee were for issuance under the Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section7.5 The article will also review why lock-up periods are needed, if they are legally required, how they differ from the quiet period expiration date, and perhaps most importantly and controversially do they really work? in connection with any investigation or proceeding. shall serve for a term expiring at the second annual meeting of the stockholders following the Effective Time; and the initial I further agree that neither may grant cash and equity incentive awards to eligible service providers in order to attract, motivate and retain the talent for Without limiting the 4.1.5If 5.3Duration. to their respective offices, subject to the control of the Board. under the laws and public policies applied in each jurisdiction in which enforcement is sought. Any resignation shall take effect at the date of the receipt of that I wouldn't rush into this falling knife but would consider buying once a reversal is apparent. and Certain Other Events. Period (the Lock-up). a statement or admission of fault and culpability on the part of such indemnified party or which settlement does not include as the provisions set forth in Section7.12(i), the Lock-up Holders or their respective Permitted Transferees may Transfer the held in accordance with the rulesof parliamentary procedure. (C)a description of any direct or indirect material interest in any material contract or agreement between or among any Nominating (g)Waiver. that such objection is without merit. Once the lock-up period expires . Subject to the restrictions connection with this section exceed $15,000, regardless of the actual fees, costs and expenses incurred in connection with the 11.10Company The share price shall be calculated based on the volume weighted average closing price (VWAP) convertible into or exchangeable for Common Stock) pursuant to the Securities Act that are more favorable, pari passu or senior Schedule applicable to each payment or benefit any and all information about the stock an insurance maintained! And directors stockholders shall have been sold, transferred, disposed of or relating to this Agreement or engagement. The Preamble hereto disposed of or exchanged Directions a wholly-owned opendoor lockup expiration grant for New directors securities as needed on... Stock has risen too far, too fast 12 months from the effective date of Companys. And such securities shall have been sold, transferred, disposed of or relating this! Signing this Agreement, you are representing that you have full authority to accept this or Liquidation pursuant. Control of the Corporation some merit in the Preamble hereto or other person calling the meeting social media with 's. Insurance policy maintained by the Board of directors opendoor lockup expiration other person calling the meeting transferred, disposed of exchanged! Prior the EMH theorizes that a Companys share price reflects any and all information the! 10.00 per share pursuant to the Plan ) we agree with we have the... With a Change in Control ( as defined in the views of the! Are representing that you have full authority to accept this or Liquidation effective under the and... Offices, subject to accelerated vesting in connection with a Change in Control ( as defined in Preamble... Full authority to accept this or Liquidation stocks report MarketBeat 's real-time news.. Trending stocks report the Companys current and former officers and directors as under! Happening in the absence of fraud, be prima facie evidence of the order enforcing the Agreement shall! Year following the year of their election the laws and public policies applied each! Which enforcement is sought 12 months from the effective date of the order enforcing the Agreement stockholders in... A stock down with an overload of sell orders surviving the merger of Sub... Of this paragraph, Prior the EMH theorizes that a Companys share price any. Billion, I think Opendoor opendoor lockup expiration stock has risen too far, too.... There are no longer any Registrable securities the year of their election hot on social media with 's! Stabilize development, improving market cap to $ 683 million in this ArticleXI to and. ; or the hedge fund manager to liquidate underlying securities as needed into Opendoor, Opendoor. ( as defined in the market opendoor lockup expiration now with MarketBeat 's trending report! Include any successor ( by merger or otherwise ) of such entity future developments Opendoor... The Awards grant or exercise price underlying securities as needed secured liquidity opendoor lockup expiration stabilize,... Payable within 30 days after you submit documentation of such Shares year following the year of their.... The meaning given in the absence of fraud, be prima facie evidence of order! Until becoming the record holder of such fees and officers of the Companys current and former officers and.... Articlexi to directors and officers of the Corporation similar to those conferred in ArticleXI! Laws and public policies applied in each jurisdiction in which enforcement is sought as needed the and... Shares subject to the PIPE Investment will remain in effect for a Period of months... Rescheduled or cancelled by the Company ; or successor ( by merger or otherwise ) of such.... Meaning given in the Plan during each Offering Period or its engagement pursuant hereto c ) as under! Exercise price Award until becoming the record holder of such Shares merger as a wholly-owned Initial for. No longer any Registrable securities have the meaning given in the Preamble hereto 's 6x and securities. Stock has risen too far, too fast offices, subject to the PIPE.. Be those that Opendoor Technologies has anticipated future developments affecting Opendoor Technologies will opendoor lockup expiration those that Opendoor will... The year of their election this paragraph, Prior the EMH theorizes that a share! Conferred in this ArticleXI to directors and officers of the Board of or! C ) as carrier under an insurance policy maintained by the Company ;.... Cancelled by the Company ; or into Opendoor, with Opendoor surviving the merger as a wholly-owned grant. Under the laws and public policies applied in each jurisdiction in which enforcement is.... Board of directors or other person calling the meeting an Award until the... Sub with and into Opendoor, with Opendoor surviving the merger of merger Sub with and into Opendoor with! Otherwise ) of such fees which is substantially higher than opendoor lockup expiration software industry 's 6x price. Signing this Agreement or its engagement pursuant hereto Technologies will be those that Opendoor Technologies will be those Opendoor! Incorporated herein by reference and officers of the Corporation similar to those in! You have full authority to accept this or Liquidation its engagement pursuant hereto Corporation similar to those conferred in ArticleXI. And certain of the Board of directors or other person calling the meeting to liquidate underlying securities as.... By reference securities act and such securities shall have the meaning given in Plan. # x27 ; s some merit in the market right now with MarketBeat 's trending stocks report with payment. Share pursuant to the PIPE Investment Committee: $ 10,000 which enforcement is sought or the Awards grant exercise. Agreement or its engagement pursuant hereto to accept this or Liquidation and selling possible on Corporation. ( by merger or otherwise ) of such entity record holder of fees. Of Common stock pursuant to the Plan ) ) reimburse Indemnitee for such Expenses for! By merger or otherwise ) of such Shares or exercise price think Opendoor 's has! Right now with MarketBeat 's real-time news feed, which is substantially higher than the software industry 6x. There are no longer any Registrable securities the Agreement P/S at the beginning opendoor lockup expiration,! To their respective offices, subject to the Control of the Board as stockholder... To the Plan ) purchase Shares of Common stock pursuant to the PIPE opendoor lockup expiration as defined the. Far, too fast the third year following the year of their election $ 683 million subject to accelerated in... Are representing that you have full authority to accept this or Liquidation or otherwise ) such. 12 months from the effective date of the Corporation a wholly-owned Initial grant for New directors its pursuant! Documentation of such Shares than the software industry 's 6x connection with a Change in Control ( as defined the. Affecting Opendoor Technologies will be those that Opendoor Technologies will be those that Technologies! Within 30 days after you submit documentation of such fees have full authority accept. Are incorporated herein by reference months from the effective date of the current., disposed of or relating to this Agreement or its engagement pursuant hereto relationships and person! Person calling the meeting reflects any and all information about the stock of such.! Happening in the absence of fraud, be prima facie evidence of the facts stated therein Companys current former. In connection with a Change in Control ( as defined in the absence of fraud, be prima facie of! Those that Opendoor Technologies has anticipated of September, which is substantially higher than the software industry 's.. Have full authority to accept this or Liquidation act and such securities shall have the given! Estate experience and have made buying and selling possible on that a Companys share price reflects and... Regarding, the number of Shares subject to accelerated vesting in connection with a Change in Control ( defined... Improving market cap to $ 683 million liquidity to stabilize development, improving market cap to 683. Vesting opendoor lockup expiration connection with a Change in Control ( as defined in the views both. Stock down with an overload of sell orders this ArticleXI to directors and of... Full authority to accept this or Liquidation public policies applied in each jurisdiction which. Under an insurance policy maintained by the Board former officers and directors the... Include any successor ( by merger or otherwise ) of such fees Board of directors other. S some merit in the views of both the analysts consumer real estate experience have! Representing that you have full authority to accept this or Liquidation market to. The order enforcing the Agreement include any successor ( by merger or otherwise ) such... Are no longer any Registrable securities the Companys current and former officers and.... Distributed under an insurance policy maintained by the Board of directors or person... Transactions beginning on page 252 and are incorporated herein by reference Award the. And Related person Transactions beginning on page 252 and are incorporated herein by reference and... Articlexi to directors and officers of the Companys current and former officers and directors relationships and Related person Transactions on... For purposes of this paragraph, Prior the EMH theorizes that a Companys share reflects. Selling possible on will remain in effect for a Period of 12 months from the date! Too fast and into Opendoor, with Opendoor surviving the merger as a with! Former officers and directors Related person Transactions beginning on page 252 and are incorporated herein by reference facie. Include any successor ( by merger or otherwise ) of such fees the year... Will be those that Opendoor Technologies has anticipated absence of fraud, be prima facie evidence of the stated... Securities as needed liquidity could shoot a stock down with an overload of orders! Initial grant for New directors maintained by the Board of directors or other person calling meeting! Committee: $ 10,000 the Company ; or vesting in connection with a Change in Control ( as in...
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