CONTINGENT RIGHTS AGREEMENT
Exhibit 4.5
This Contingent Rights Agreement (this “Agreement”) is made effective as of ____, 2024 by and between Artius II Acquisition Inc., a Cayman Islands
exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Rights Agent”).
WHEREAS, the Company is engaged in an initial public offering (the “Offering”) of units of its equity securities (the “Units”) for the purposes of
financing its initial business combination through a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”);
WHEREAS, the Company has filed a registration statement on Form S-1, (File No. 333-_______) (the “Registration Statement”) and prospectus with the
Securities and Exchange Commission for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), and initial public offering of the Company’s units (the “Units”), each of which consists of one of the Company’s Class A
ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), one right entitling the holder thereof to receive one twenty-fifth (1/25) of one Ordinary Share upon the consummation of a Business Combination and one contingent right (each, a
“Contingent Right”) to receive a pro rata share of 1,250,000 (or up to 1,437,500 if the underwriter’s over-allotment option is exercised in full) Ordinary Shares (the “Distributable Shares”) at the distribution time (as defined in the Registration
Statement) under certain circumstances (such initial public offering hereinafter referred to as the “Offering”), which has been declared effective [as of the date hereof] by the U.S. Securities and Exchange Commission;
WHEREAS, the Company desires to provide for the form and provisions of the Contingent Rights, the terms upon which they shall be distributed, and the
respective rights, limitation of rights, and immunities of the Company, the Rights Agent, and the holders of the Contingent Rights; and
WHEREAS, all acts and things have been done and performed which are necessary to make the Contingent Rights, when executed on behalf of the Company and
countersigned by or on behalf of the Rights Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement.
NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:
1. Appointment of Rights Agent. The Company hereby appoints the Rights Agent to act as agent for the
Company for the Contingent Rights, and the Rights Agent xxxxxx accepts such appointment and agrees to act in accordance with the terms and conditions set forth in this Agreement.
2. Contingent Rights.
2.1 Form of Contingent Right. The Contingent Rights shall be considered to be
attached to the Ordinary Shares sold as part of the Units, with each single Contingent Right attached to one Ordinary Share, and each single Ordinary Share having attached to it one Contingent Right. The Contingent Rights are not separately
transferable, assignable or saleable, and will not be evidenced by any form of certificate or instrument. The private placement units (as defined in the Registration Statement) will not include any Contingent Rights.
2.2 No Rights as Shareholder. A Contingent Right does not entitle the holder
thereof to any of the rights of a holder of the Ordinary Shares, including, without limitation, the rights to receive dividends or other distributions, vote, consent, receive notice as shareholders in respect of meetings of shareholders or the
election of directors of the Company, or any other matter.
3. Terms of Contingent Rights.
3.1 Contingent Rights. Each Contingent Right shall entitle the holder thereof
to receive a pro rata share of 1,250,000 (or 1,437,500 if the underwriter’s over-allotment option in the Offering is exercised in full) Ordinary Shares at the distribution time, concurrently with the forfeiture by Artius II Acquisition Partners
LLC, the Company’s sponsor, of an equal number of the Company’s Class B ordinary shares. In no event will the Company be required to distribute any fractional Distributable Shares. Fractional shares will either be rounded down to the nearest
whole share or otherwise dealt with as determined by the Company’s board of directors in accordance with Cayman Islands laws.
3.2 Distribution Time. At the distribution time, the Company will effect a
distribution of a number of Distributable Shares pursuant to the terms and conditions of this Agreement.
3.3 Duration of Contingent Rights. If a holder of Ordinary Shares submits an
Ordinary Share for redemption in accordance with the Company’s Amended and Restated Memorandum and Articles of Association, the Contingent Right attached to such Ordinary Share shall expire and shall be worthless. If the Company is unable to
complete a Business Combination within the required time period described in the Company’s Amended and Restated Memorandum and Articles of Association, the Company shall liquidate the funds held in the Company’s Trust Account (as defined in that
certain Investment Management Trust Agreement, dated as of the date hereof, by and between the Company and the Rights Agent as trustee), holders of Contingent Rights will not receive any such funds with respect to any of their Contingent Rights,
nor will they receive any distribution from our assets held outside of the trust account with respect to such Contingent Rights, and all Contingent Rights will expire worthless.
4. Provisions Concerning the Rights Agent and Other Matters.
4.1 Payment of Taxes. The Company will from time to time promptly pay all taxes
and charges that may be imposed upon the Company or the Rights Agent in respect of the Contingent Rights.
4.2 Resignation, Consolidation, or Merger of Rights Agent.
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4.2.1
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Appointment of Successor Rights Agent. The Rights
Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office of the Rights
Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Rights Agent in place of the Rights Agent. If the Company shall fail to make such appointment within a period of
thirty (30) days after it has been notified in writing of such resignation or incapacity by the Rights Agent or by a holder of a Contingent Right, then the holder of any Contingent Right may apply to the Supreme Court of the State of
New York for the County of New York for the appointment of a successor Rights Agent at the Company’s cost. Any successor Rights Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing
under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State of New York, and authorized under such laws to exercise corporate trust powers and subject to
supervision or examination by federal or state authority. After appointment, any successor Rights Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Rights Agent with
like effect as if originally named as Rights Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Rights Agent shall execute and deliver, at the expense of the
Company, an instrument transferring to such successor Rights Agent all the authority, powers, and rights of such predecessor Rights Agent hereunder; and upon request of any successor Rights Agent the Company shall make, execute,
acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming to such successor Rights Agent all such authority, powers, rights, immunities, duties, and obligations.
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4.2.2
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Notice of Successor Rights Agent. In the event a
successor Rights Agent shall be appointed, the Company shall give notice thereof to the predecessor Rights Agent not later than the effective date of any such appointment.
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4.2.3
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Merger or Consolidation of Rights Agent. Any
corporation into which the Rights Agent may be merged or with which it may be consolidated or any corporation resulting from any merger or consolidation to which the Rights Agent shall be a party shall be the successor Rights Agent
under this Agreement without any further act.
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4.3 Fees and Expenses of Rights Agent.
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4.3.1
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Remuneration. The Company agrees to pay the
Rights Agent reasonable remuneration for its services as s Rights Agent hereunder and will reimburse the Rights Agent upon demand for all expenditures that the Rights Agent may reasonably incur in the execution of its duties hereunder.
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4.3.2
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Further Assurances. The Company agrees to
perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Rights Agent for the carrying
out or performing of the provisions of this Agreement.
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4.4 Liability of Rights Agent.
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4.4.1
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Reliance on Company Statement. Whenever in the
performance of its duties under this Agreement, the Rights Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter
(unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a statement signed by the Company’s Chief Executive Officer or Chief Financial Officer and delivered
to the Rights Agent. The Rights Agent may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement.
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4.4.2
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Indemnity. The Rights Agent shall be liable
hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees to indemnify the Rights Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable and
documented counsel fees, for anything done or omitted by the Rights Agent in the execution of this Agreement except as a result of the Rights Agent’s gross negligence, willful misconduct, or bad faith.
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4.4.3
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Exclusions. The Rights Agent shall have no
responsibility with respect to the validity of this Agreement or with respect to the validity of any Contingent Right; nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or
in any Contingent Right; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization of any Distributable Shares to be distributed pursuant to this Agreement or any Contingent Right or as
to whether any Distributable Share will, when distributed, be validly issued by the Company.
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4.5 Acceptance of Agency. The Rights Agent xxxxxx accepts the agency
established by this Agreement and agrees to act upon the terms and conditions herein set forth.
4.6 Waiver. The Rights Agent hereby waives any right of set-off or any other
right, title, interest or claim of any kind (“Claim”) in, or to any distribution of, the Trust Account and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason
whatsoever.
5. Miscellaneous Provisions.
5.1 Successors. All the covenants and provisions of this Agreement by or for
the benefit of the Company or the Rights Agent shall bind and inure to the benefit of their respective successors and assigns.
5.2 Notices. Any notice, statement or demand authorized by this Agreement to be
given or made by the Rights Agent or by the holder of any Contingent Right to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five
days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Rights Agent), as follows:
0 Xxxxxxxx Xxxxxx, Xxxxx 0000
New York, NY 10019
Telephone: (000) 000-0000
Attn: Boon Sim
Email: xxxx@xxxxxxxxxxxxx.xxx
Any notice, statement or demand authorized by this Agreement to be given or made by a holder of any Contingent Right or by the Company to or on the Rights Agent shall be
sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by
the Rights Agent with the Company), as follows:
Continental Stock Transfer & Trust Company
0 Xxxxx Xxxxxx, 00xx Xxxxx
Attn: Xxxxxxx Xxxx and Xxxxxxx Xxxxxxxx
Email: xxxxx@xxxxxxxxxxxxxxxx.xxx
Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx
in each case, with copies to:
Xxxxxx Xxxxxxxx Xxxxx & Xxxxxxxx LLP
Xxx Xxxxxxx Xxxxx
Xxx Xxxx, XX 00000
(000) 000-0000
Attn: Xxxxx X. Xxxxxxxx and Xxxx X. Xxxx.
Xxx Xxxxxxx Xxxxx
Xxx Xxxx, XX 00000
(000) 000-0000
Attn: Xxxxx X. Xxxxxxxx and Xxxx X. Xxxx.
Santander US Capital Markets LLC
000 Xxxxxxx Xxx, Xxx Xxxx, Xxx Xxxx 00000
Attention: Equity Capital Markets
5.3 Applicable Law. The validity, interpretation, and performance of this
Agreement and of the Contingent Rights shall be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another
jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District
Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an
inconvenient forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in
Section 5.2 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.
5.4 Persons Having Rights under this Agreement. Nothing in this Agreement
expressed and nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the holders of the Contingent Rights, any
right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. The underwriter of the Offering shall be deemed to be a third-party beneficiary of this Agreement with respect
to Sections 3.1 and 5.8 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties
hereto (and the underwriter with respect to Sections 3.1 and 5.8 hereof) and their successors and assigns and of the holders of the Contingent Rights.
5.5 Examination of this Agreement. A copy of this Agreement shall be available
at all reasonable times at the office of the Rights Agent in the County of New York, State of New York, for inspection by the holder of any Contingent Right.
5.6 Counterparts. This Agreement may be executed in any number of original or
facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.
5.7 Effect of Headings. The Section headings herein are for convenience only
and are not part of this Agreement and shall not affect the interpretation thereof.
5.8 Amendments. This Agreement may be amended by the parties hereto without the
consent of any holder of any Contingent Right for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters or
questions arising under this Agreement as the parties may deem necessary or desirable; provided, however, that any amendment that will adversely affect the interests of holders of Contingent Rights shall require the consent or
vote of the holders of not less than two-thirds of the then-outstanding Contingent Rights, as evidenced by their ownership of the Ordinary Shares. The provisions of this Section 5.8 may not be modified, amended or
deleted without the prior written consent of the underwriter.
5.9 Severability. This Agreement shall be deemed severable, and the invalidity
or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the
parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.
[Signature Page Follows]
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.
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By:
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Name: Xxxx Xxx
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Title: Chief Executive Officer
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CONTINENTAL STOCK TRANSFER
& TRUST COMPANY |
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By:
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Name: Xxxxxxx Xxxxxxxx
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Title: Vice President
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[Signature page to Contingent Rights Agreement]
