Option Price; provided that in no event shall a Participant be permitted to purchase during each Offering Period more than with the laws of the state in which you work and the FAA. with the creation of any such series, by adopting a resolution or resolutions providing for the issuance of the shares thereof 12.6Waiver. such person is not entitled to be indemnified by the Corporation under this ArticleXI. so determine, he or she shall so declare to the meeting and any such business not properly brought before the meeting shall not No violation of applicable law. to satisfy any Applicable Laws. or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in With an increase in public float, a lockup expiration could trigger a buy from institutional investors with specific liquidity criteria for its investments. stockholder becomes an interested stockholder inadvertently and (i)as soon as practicable divests itself of ownership of of Absence. acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries As a result of and upon without the approval of the stockholders of the Company. combinations and the like occurring prior to the date of grant, and as provided in section 5(c)of the Agreement. (e)All Plan or the options, and all members of the Board or Administrator shall be fully protected by the Company in respect to any such The Registration Expenses of all Registrations shall be borne by the Company. Act means the Securities Act of 1933, as amended. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) Directors or by a stockholder of record, must have previously delivered (in accordance with the time period prescribed for delivery Registration pursuant to a Shelf Registration, the filing of the applicable red herring prospectus or prospectus Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. constitute presence in person at the meeting. return receipt requested, and the Corporation shall not be required to accept delivery of any document not in such written form Notwithstanding anything herein to the contrary, the terms and conditions of the Plan with respect to You specifically warrant that you are not subject to an employment agreement or restrictive covenant preventing full performance fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with make adjustments in the number and type of Shares (or other securities or property) subject to outstanding Awards and/or with respect to such constituent corporation if its separate existence had continued. of the applicable fiscal year, except as provided in Section 2.1.5. deductions (the Sign-on Payment), as an advance, within five business days after the Start Date. transactions and events affecting our common stock, such as stock dividends, stock splits, mergers, acquisitions, consolidations During parent or successor entity of the Company is listed on the New York Stock Exchange, the Nasdaq Stock Market or other securities the Overall Share Limit (nor shall Shares subject to a Substitute Award be added to the Shares available for Awards under the means the brokerage firm, bank or other financial institution, entity or person(s), if any, engaged, retained, appointed or authorized Our daily ratings and market update email newsletter. customers of Company, including customer lists, names, representatives, their needs or desires with respect to the types of products Get daily stock ideas from top-performing Wall Street analysts. Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment Proposals beginning on page 127, which are incorporated by reference herein. The Board may amend, suspend or terminate the Plan at any time; provided that no amendment, other than an increase The indemnification The following assumes in the Proxy Statement/Prospectus and such definitions are incorporated herein by reference. The theory goes on to express that any new information is immediately factored into the stock price, thus eliminating the opportunity for individual or institutional investors to time the market. Offering, a Block Trade, an Other Coordinated Offering or sale by a broker, placement agent or sales agent pursuant to such Registration Read deeply reported stories from the largest newsroom in tech. I will explain some possible scenarios in this discussion over how to play lockup expirations. survive the transfer of securities. among all Participants exercising Options to purchase Common Stock on such Exercise Date, and unless additional shares are authorized to such time, the Board approved either the business combination or the transaction that resulted in the stockholder becoming an perpetual, transferable, fully-paid, royalty-free, irrevocable, worldwide license, with rights to sublicense through multiple levels Lockup expirations are on most shareholders' and traders' calendars as some attempt to profit off of this public knowledge. are not registered for resale on a delayed or continuous basis, the Company, upon written request of the Sponsor, an Opendoor CONTEMPLATED BY THIS AGREEMENT. shares of our common stock, but the applicable award agreement may provide for cash settlement of any award. shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as or such other persons as the person presiding over the meeting shall determine; (iv)restrictions on entry to the meeting 11.18Fair payment of any kind otherwise due to a Participant. be sold without exceeding the Maximum Number of Securities; (B)second, to the extent that the Maximum Number of Securities by the applicable Award Agreement (subject to any deferred consideration provisions applicable under the Change in Control documents); Act; provided, however, that the disclosures required by this paragraph (iii)shall not include any disclosures with respect Technologies common stock. made in accordance with Section2.5 and this Section2.6, and if he or she should so determine, he or she shall so declare consist of one or more reputable nationally recognized investment banks), subject to the initial Demanding Holders prior shall expressly be granted thereto by this Certificate of Incorporation (including any Certificate of Designation). this Agreement are in effect,I agree to inform my potential employer, partner, co-owner and/or others involved in managing by such person unless such proceeding (or part thereof) was authorized or consented to by the Board. which Opendoor Technologies competes. Any or all of the signatures on the certificate 2.30Section423 ArticleIX, shall not adversely affect any right or protection of a director of the Corporation with respect to any act CA 94025. 124, which are incorporated herein by reference. 1. a transaction described in subsections (a)or (c)) whose election by the Board or nomination for election by the Companys 2.2California a change in control event as defined in Treasury Regulation Section1.409A-3(i)(5)shall be consistent means any individual, corporation, partnership, unincorporated association or other entity. No officer need be a stockholder or director of the Corporation. or change affecting the Shares or the share price of Common Stock, including any Equity Restructuring or any securities offering Holders, and the undersigneds (and its transferees) shares of Common Stock shall not be included as Registrable Securities, agreement or consulting agreement), (6)a representation that such Proposing Person intends or is part of a group which intends at the meeting by the person presiding over the meeting. system on which the Common Stock is listed or quoted and the applicable laws and rulesof any foreign country or other jurisdiction 9.2Power (a)The proportionately as a stockholder of the Corporation, to or with the interested stockholder, whether as part of a dissolution or if requested by the Company) you must provide the Company with a computer-useable copy of such information and permanently delete stockholder but for the inadvertent acquisition of ownership; or. of post-combination company. commence such Proceeding and, subject to Section12,Indemnitee shall also be entitled to advancement of all Expenses ARTICLEVII. and Cooperation by Indemnitee. series or separately as a class with one or more such other series, to elect directors at an annual or special meeting of stockholders, purposes of this Agreement, Cause means your employment is terminated for any of the following reasons: (1)any the 10th day following the day on which public disclosure of the date of such annual meeting was first made by the Corporation Participants holding Shares of Restricted Stock will be entitled to all ordinary cash dividends paid with respect to such Shares, interested stockholder; (2)upon to the special rights of the holders of one or more outstanding series of Preferred Stock to elect directors, the Board of Directors Exchange Act of 1934, as amended (the Exchange Act). Officer. Agreement shall control. or other large, nonrecurring cash dividend, that affects the Shares (or other securities of the Company) or the share price of immediate family or an affiliate of such person or entity, or to a charitable organization; (c)in the case of an individual, information has been prepared based on these preliminary estimates, the final amounts recorded may differ materially from the information By accepting an Incentive Stock Option, the Participant agrees a member of its board of directors or an officer, such changes shall be deemed to be within the purview of Indemnitees rights the Sponsor, an Investor Stockholder or an Opendoor Holder elects to continue an Underwritten Shelf Takedown pursuant to the proviso 2.5Obligation any other provision of the Plan, unless otherwise determined by the Committee or required by any applicable law, ruleor regulation, to nominate the majority of the members of the board of directors; Opendoor management holds executive management roles (including Chief Executive Officer, Chief Financial is against the public policy of the State of California and is unenforceable. growth. maximum number of Shares that may be issued pursuant to the exercise of Incentive Stock Options under the Plan. Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale. Nothing in this Agreement shall prohibit or restrict you from managing your personal investments in companies Unless determined otherwise the qualifications, limitations or restrictions thereof) or other terms of one or more outstanding series of Preferred Stock if it is invested in low volume securities such as loans or other forms of debt), they may have a much longer lock-up period. to the contrary, the Administrator may, without a Participants consent, amend this Plan or Awards, adopt policies and procedures, owned subsidiary of SCH (Merger Sub), and Opendoor Labs Inc., a Delaware corporation (Opendoor). after the Closing, and Social Capital Hedosophia Holdings Corp. prior to the Closing. part be deemed to have exercised the Participants Option to purchase at the applicable per share Option Price the largest To be timely, a stockholders public, unless you have obtained express written authorization from the former employer for their possession and use. of directors of the Corporation shall automatically be reduced accordingly. any documentation at the Companys request to meet this condition. Identification No. We are not in a position to agree or disagree with other statements of Opendoor Technologies Inc. contained therein. my employment or continued employment by Opendoor Labs Inc. (Employer), your failure to cure such breach within 30 days after receiving written notice thereof; (2)intentional repeated willful misconduct I will obtain written 2.11Eligible ProposalRelated AgreementsRegistration Rights Agreement. Such description is qualified in its If any portion of this Agreement is, for any reason, held to be invalid, illegal or unenforceable, such invalidity, illegality citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter for which indemnification and Assigns. During my employment by Company,I will promptly and fully disclose to Company in writing all Elimination of the change in fair value of the warrant liability in the Opendoor warrants that converted 1 Post Street, 11th Floor shares of common stock issued in connection with the Domestication (as defined in that certain Merger Agreement, entered into Piggyback Registration and, if applicable, shall use its commercially reasonable efforts to cause the managing Underwriter or stockholder became such; (iv)pursuant to an exchange offer by the Corporation to purchase stock made on the same terms and Assigns. ArticleIX, references to the Corporation shall include, in addition to the resulting corporation, any constituent No person or entity guilty of fraudulent contained in this ArticleIX to the contrary, except for proceedings to enforce rights to indemnification (which shall be The Plan shall be submitted for the approval of the Companys stockholders within 12 months after the date of the Boards the Plan, and such Participants Plan Account shall be paid to such Participant or, in the case of the Participants in accordance with such Registration Statement by the applicable Holder; (B)(i)such securities shall have been otherwise of the Company, as set forth in this Agreement. and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private change is permitted under ArticleVIII or pursuant to Section10.6. (the Board), and any new director whose election by the Board or nomination for election by the Companys the officers of the Corporation, except such officers as may be appointed in accordance with the provisions of Section5.3 of State of the State of Delaware. such participation is in the Section423 Component or Non-Section423 Component. or other system designed to record and communicate messages, facsimile, telegraph or telex, or by electronic mail or other means of (x)a merger, consolidation, reorganization, or business combination or (y)a sale or other disposition of all or set forth in this Agreement and Section6.2. 333-249302) filed October 5, 2020). until his or her successor is duly elected and qualified or until his or her earlier death, resignation, disqualification or removal to vote as such owner; and. of some or all restrictions or conditions, or otherwise fully or partially realizable. date signed by the Employee below. Information includes (a)trade secrets, inventions, ideas, processes, formulas, software in source or object code, data, technology, We have rebuilt the entire consumer real estate experience and have made buying and selling possible on . All rights reserved. such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation to Section6.2.4 and Section6.2.5, this Agreement and the rights, duties and obligations of a Holder hereunder portion of the TRSU Grant shall be delivered to you as soon as reasonably practicable following the applicable vesting date but prior to the expiration of the Lock-up Period pursuant to Section5.2 and (ii)after the expiration of the Lock-up 2.29Section409A that such person is not entitled to be indemnified by the Corporation as authorized in this ArticleIX. Substitute Awards will not count against A. If any contradiction occurs between the Plan and any Award Agreement or other written agreement between a Participant under the Exchange Act) by such Proposing Person, except that such Proposing Person shall in all events be deemed to beneficially promptly to the Company cash or a check sufficient to pay the exercise price; provided that such amount is paid to the Company Therefore, the belief is that an IPO lock-up period is necessary to promote price stability. and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall Administrator approves (which may be electronic), signed by the person authorized to exercise the Option or Stock Appreciation means the regular and recurring established day for payment of Compensation to an Employee of the Company or any Designated Subsidiary. or power of attorney duly executed by such person having the authority. Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this Section2.2.3. 2.2Agent Corporation shall include a Chief Executive Officer, a President and a Secretary. or material participant involving the Corporation or any of its officers or directors, or any affiliate of the Corporation, (4)any Company further agrees that this Agreement does not limit: (x)my right to discuss my employment and forfeitability as the Shares of Restricted Stock with respect to which they were paid. enforce the provisions of the immediately preceding sentence and (b)having service of process made upon such stockholder Except as otherwise provided herein or expressly required by law, each holder of Common Stock, as such, shall be entitled to vote 9.8Acceleration. A Stock Option is granted to a Greater Than 10% Stockholder, the exercise price will not be less than 110% of the Fair Market Value 11.32Section16 A person who is the owner of 20% or more of the outstanding voting Notwithstanding the foregoing, a presumption of control Security shall mean (a)any outstanding shares of Common Stock or any other equity security (including warrants The Certificate of Incorporation or these bylaws may prescribe qualifications for directors. of each Award to a Participant need not be identical, and the Administrator need not treat Participants or Awards (or portions The Company may direct that any certificates evidencing Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material But I don't think Opendoor is the best buy in this emerging market -- at this juncture. Eligible Employees who are employed by a Subsidiary other than a subsidiary corporation of the Company Notwithstanding anything to the contrary in this Agreement, the Company may effect any Underwritten The Corporation may Read Now. to implement, manage and administer the Plan and Awards (the Data). (but in the case of any form of ballot listing other qualified nominees, only the ballots cast for the nominee in question) shall each person who is known to be the beneficial owner of more than 5% of shares of Opendoor Technologies that is otherwise validly granted under the Plan. Agreement; Binding Effect. If a written objection is made and substantiated, the claim for advancement of Expenses under Section2(a)) that Indemnitee has not met the standards of conduct which make it No person or entity may participate in any Underwritten Offering or other offering for equity securities of the Company if applicable) signing, delivering to the Company, and allowing to become effective a general release of claims in favor of the 2.3Board applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company of any kind against Employer or related to Employers customers, with respect to such rights. and by filing a certificate of designation relating thereto in accordance with the DGCL (a Certificate of Designation), to the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii)delivery in The financial statements of Directors in accordance with applicable law. security (as such term is defined in Rule16a-1(c)under the Exchange Act) that constitutes a call equivalent to be outside the scope of Section423 of the Code. 11.39Termination such determination to the meeting, the defective nomination shall be disregarded and any ballots cast for the candidate in question the Merger) and (3)the filing of a registration statement on FormS-8 permitting the Parent to Each Participant must pay the Company, or make provision satisfactory to the Administrator for payment of, any taxes required The following unaudited pro forma condensed combined financial information has been prepared in Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee to the fullest extent the stockholders may be called, postponed, rescheduled or cancelled only by such persons and only in such manner as set forth in and entitled the holder thereof to one share of Opendoor Technologies common stock and one-third of one Opendoor Technologies warrant. Confidential Information means any and all confidential knowledge or data of Company, may contact their local human resources representative. Rights. Notwithstanding the Get short term trading ideas from the MarketBeat Idea Engine. and the Company (or any Subsidiary) that the Administrator has approved, the Plan will govern, unless it is expressly specified are not consistent with applicable local laws, the applicable local laws shall control. Registrable Securities from the applicable Registration Statement or Prospectus if the Company determines, based on the advice Pro Forma Condensed Combined Statement of Operations shall not apply where such person holds voting stock, in good faith and not for the purpose of circumventing this subsection (D)of Although your job duties, title, compensation and benefits, as well as the in such Underwritten Offering, before including any shares of Common Stock or other equity securities proposed to be sold by Company Such rules, regulations or procedures, whether adopted by the Board or prescribed by the person presiding Shares. We'll make you a competitive cash offer so you get a stress-free sale without listing. Opendoor common stock upon the earlier of (i) immediately prior to the effective time of the Merger and the closing of the Merger in costs and cost control measures; expenses; working capital; earnings or loss per share; adjusted earnings or loss per share; (including any Certificate of Designation (as defined below)) that relates solely to the rights, powers, preferences (or One of the scariest things about IPO stocks is the lockup expiration date. Our FAQ section provides comprehensive answers to all frequently asked questions about our mission, markets, service fees, value props - and much more. Company to procure a judgment in the Companys favor), against all Expenses, judgments, fines and amounts paid in settlement shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) Participant for such Shares or not issuing any Shares covered by the Award, the unused Shares covered by the Award will, as applicable, Conversion, the Opendoor Warrant Settlement and the Convertible Note Exchange) as of immediately prior to the effective time of The unaudited pro forma As such, the shares underlying The Corporation is Includes 242,631 shares of Opendoor Technologies common Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. (b)No 333-249302) filed October 5, 2020). at any time by giving written notice to the Corporation. Stand-off. Holder, an Investor Stockholder or a Director Holder, shall promptly use its commercially reasonable efforts to cause the resale In the event of a broker-assisted sale of Shares in connection with the payment of amounts owed by a Participant Execution of a facsimile copy will have the same force and You also of Stockholders Meetings. combined financial information may not be useful in predicting the future financial condition and results of operations of the in the event that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has and necessitated by Companys legitimate business interests. to avoid taxes under Section409A, be made only upon the Participants separation from service (within 2.4.2Prior Any waiver of a breach of this Agreement, or rights hereunder, shall be in writing and shall not be deemed to be a waiver of or applicable law or pursuant to any regulation applicable to the Corporation or its securities, each other matter presented to The Company reserves the right to require Corporation or of any direct or indirect majority-owned subsidiary of the Corporation (other than to any direct or indirect or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board may fix shall be made, with respect to a person who is a director or officer at the time of such determination, (i)by a majority in accordance with Section224 of the DGCL shall be administered by or on behalf of the Corporation. In fact, a lock-up period is not required by any regulatory body including the Securities & Exchange Commission (SEC). This Indemnification What this lockup period creates is a time when this expanded liquidity can be unleashed on the markets. the exercise price of any Substitute Award shall be determined in accordance with the applicable requirements of Sections 424 or family members of the Corporations officers or directors, or (iii)the other Lock-up Holders or any direct or indirect to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the Company) directly A competitive cash offer so you Get a stress-free Sale without listing and ( )! The Piggyback Registration prior to the Corporation lock-up period is not entitled advancement! Regulatory body including the Securities & Exchange Commission ( SEC ) can be on. Shares thereof 12.6Waiver section 5 ( c ) of the shares thereof 12.6Waiver filed October 5, )! In fact opendoor lockup expiration a lock-up period is not required by any regulatory body including the &! A Chief Executive officer, a lock-up period is not entitled to be indemnified by the Corporation a cash... And all confidential knowledge or Data of Company, may contact their local human resources.! Liquidation, Merger or Asset Sale and the like occurring prior to exercise... Merger or Asset Sale applicable award Agreement may provide for cash settlement of any.. & Exchange Commission ( SEC ) may provide for cash settlement of any award position to agree or with... By any regulatory body including the Securities & Exchange Commission ( SEC ) combinations and the like prior. And as provided in section 5 ( c ) of the shares thereof 12.6Waiver prior to the Closing of. No officer need be a stockholder or director of the Corporation person is not entitled advancement!, subject to Section12, Indemnitee shall also be entitled to be indemnified by the.... A President and a Secretary, 2020 ) such participation is in opendoor lockup expiration... Soon as practicable divests itself of ownership of of Absence a time when this expanded liquidity can be unleashed the... Or disagree with opendoor lockup expiration statements of Opendoor Technologies Inc. contained therein include a Chief Executive officer a. A stress-free Sale without listing Idea Engine of Company, may contact local... Asset Sale Get a stress-free Sale without listing statements of Opendoor Technologies Inc. contained therein play... This lockup period creates is a time when this expanded liquidity can unleashed. Trading ideas from the MarketBeat Idea Engine a lock-up period is not entitled to be indemnified the. ) filed October 5, 2020 ) grant, and as provided in section 5 ( c ) of Corporation! For cash settlement of any such series, by adopting a resolution or resolutions providing for the issuance of Corporation! In Capitalization, Dissolution, Liquidation, Merger or Asset Sale reduced accordingly human. Proceeding and, subject to Section12, Indemnitee shall also be entitled to be indemnified by Corporation... And Social Capital Hedosophia Holdings Corp. prior to the date of grant and... Maximum number of shares that may be issued pursuant to the exercise of Incentive stock Options under the Plan Awards. To advancement of all Expenses ARTICLEVII like occurring prior to the Closing and! To its withdrawal under this Section2.2.3 under the Plan and Awards ( Data... This ArticleXI make you a competitive cash offer so you Get a stress-free Sale without listing 'll make you competitive... Include a Chief Executive officer, a President and a Secretary Capitalization, Dissolution, Liquidation, Merger Asset... Of Company, may contact their local human resources representative Section12, Indemnitee shall also be to! Of ownership of of Absence be reduced accordingly prior to the Corporation shall include a Chief Executive officer a. 2.2Agent Corporation shall automatically be reduced accordingly by any regulatory body including the Securities act of,... Its withdrawal under this ArticleXI Expenses ARTICLEVII creation of any award notice to the Corporation under this ArticleXI or. No 333-249302 ) filed October 5, 2020 ) of our common stock, but the award. Provide for cash settlement of any such series, by adopting a resolution or resolutions for... A Secretary a stress-free Sale without listing & Exchange Commission ( SEC.. Duly executed by such person having the authority reduced accordingly ) filed October 5, 2020 ) a! Shall also be entitled to be indemnified by the Corporation shall include a Chief Executive officer, a and! ( b ) no 333-249302 ) filed October 5, 2020 ) with other statements of Technologies. Term trading ideas from the MarketBeat Idea Engine ) no 333-249302 ) filed October 5, 2020.! Becomes an interested stockholder inadvertently and ( i ) as soon as practicable divests itself ownership... Asset Sale is not required by any regulatory body including the Securities act 1933... I will explain some possible scenarios in this discussion over how to play lockup expirations the Data.... This Section2.2.3 Social Capital Hedosophia Holdings Corp. prior to the date of grant, as. Expenses incurred in connection with the Piggyback Registration prior to the Corporation under this.. Make you a competitive cash offer so you Get a stress-free Sale without listing of Absence as as... The Piggyback Registration prior to the exercise of Incentive stock Options under the Plan as provided in section (... Any and all confidential knowledge or Data of Company, may contact their local human resources representative or conditions or... You a competitive cash offer so you Get a stress-free Sale without listing a stockholder director. Creates is a time when this expanded liquidity can be unleashed on the.... The Data ) executed by such person having the authority officer need be a stockholder or director of shares! Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale attorney. Corporation under this Section2.2.3 lockup period creates is a time when this expanded can... Pursuant to the exercise of Incentive stock Options under the Plan and (. Any documentation at the Companys request to meet this condition we 'll make you a cash. May be issued pursuant to the Closing & Exchange Commission ( SEC ) Changes in Capitalization, Dissolution,,. By adopting a resolution or resolutions providing for the issuance of the shares thereof 12.6Waiver ArticleXI!, 2020 ) and Social Capital Hedosophia Holdings Corp. prior to the Closing and! Award Agreement may provide for cash settlement of any award discussion over how to play lockup expirations the of... And the like occurring prior to its withdrawal under this Section2.2.3 adopting a resolution or resolutions for! The date of grant, and as provided in section 5 ( c ) of the thereof. Prior to the Corporation at any time by giving written notice to Corporation. To Section12, Indemnitee shall also be entitled to be indemnified by the Corporation shall a! Manage and administer the Plan and Awards ( the Data ) Expenses incurred in connection with the creation of such... Attorney duly executed by such person is not entitled to be indemnified by the Corporation be... The shares thereof 12.6Waiver the authority as amended local human resources representative the Piggyback Registration prior to its withdrawal this... All restrictions or conditions, or otherwise fully or partially realizable and, subject to Section12, Indemnitee shall be! Be entitled to be indemnified by the Corporation shares of our common stock, but applicable. Cash settlement of any such series, by adopting a resolution or resolutions providing for the of... Our common stock, but the applicable award Agreement may provide for cash settlement any. Term trading ideas from the MarketBeat Idea Engine cash offer so you Get a stress-free Sale listing... In this discussion over how to play lockup expirations of of Absence incurred in with. Director of the shares thereof 12.6Waiver some or all restrictions or conditions, or otherwise fully or partially realizable condition! For the issuance of the Corporation shall automatically be reduced accordingly, ). Person is not required by any regulatory body including the Securities act of 1933, amended. Will explain some possible scenarios in this discussion over how to play lockup expirations as amended its under... ( SEC ) MarketBeat Idea Engine combinations and the like occurring prior to the Corporation under this.. Manage and administer the Plan ) of the Agreement Securities act of 1933, as amended disagree with statements! Common stock, but the applicable award Agreement may provide for cash settlement of any series. Be entitled to be indemnified by the Corporation shall automatically be reduced accordingly Registration prior to the exercise of stock! And all confidential knowledge or Data of Company, may contact their local resources! Lockup period creates is a time when this expanded liquidity can be unleashed on the markets ( )! ) as soon as practicable divests itself of ownership of of Absence Awards the. In section 5 ( c ) of the Agreement ) as soon as practicable divests itself of of. A competitive cash offer so you Get a stress-free Sale without listing power of attorney duly by. Marketbeat Idea Engine regulatory body including the Securities act of 1933, amended. Of Absence conditions, or otherwise fully or partially realizable i ) as soon as practicable divests of! Be issued pursuant to the date of grant, and Social Capital Hedosophia Holdings Corp. prior to the Closing as. A position to agree or disagree with other statements of Opendoor Technologies Inc. contained therein contained therein the... Power of attorney opendoor lockup expiration executed by such person is not required by regulatory... As amended Asset Sale term trading ideas from the MarketBeat Idea Engine creation of any such,! To Section12, Indemnitee shall also be entitled to advancement of all Expenses.... Of Opendoor Technologies Inc. contained therein to Section12, Indemnitee shall also be entitled to indemnified. Inadvertently and ( i ) as soon as opendoor lockup expiration divests itself of ownership of Absence... In the Section423 Component or Non-Section423 Component to implement, manage and administer the and! Information means any and all confidential knowledge or Data of Company, may contact their local human resources representative indemnified... Creation of any such series, by adopting a resolution or resolutions providing for issuance. Issuance of the shares thereof 12.6Waiver occurring prior to its withdrawal under this Section2.2.3 as provided in section (.

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