AMENDMENT NO. 1 TO INTERIM INVESTORS AGREEMENT
Exhibit 99.4
Execution Version
AMENDMENT NO. 1 TO INTERIM INVESTORS AGREEMENT
This AMENDMENT NO. 1 TO INTERIM INVESTORS AGREEMENT (this “Amendment”) is entered into as of March 1, 2022, by and among:
| (1). | ▇▇. ▇▇▇▇ ▇▇▇ (together with his affiliated investment entities, the “Founder”); |
| (2). | RY Holdings Inc., a company incorporated under the Laws of the British Virgin Islands (“Founder Holdco”); |
| (3). | RY Elevate Inc., a company incorporated under the Laws of the British Virgin Islands (“New Founder Holdco” and, together with the Founder and Founder Holdco, the “Founder Group”); |
| (4). | Recruit Holdings Co., Ltd., a company incorporated under the Laws of Japan (“Recruit”); |
| (5). | Oriental Poppy Limited, a company incorporated under the Laws of the British Virgin Islands (together with its affiliated investment entities, “DCP”); |
| (6). | Ocean Ascend Limited, an exempted company incorporated with limited liability under the Laws of the Cayman Islands (together with its affiliated investment entities, “Ocean Link”); |
| (7). | 51 Elevate Limited, a company incorporated under the Laws of the British Virgin Islands (“Management SPV”, and together with the Founder Group, Recruit, DCP and Ocean Link, the “Investors”, and each an “Investor”); and |
| (8). | Garnet Faith Limited, an exempted company incorporated with limited liability under the Laws of the Cayman Islands (“Merger Sub”). |
WHEREAS, the parties hereto entered into that certain Interim Investors Agreement, dated as of June 21, 2021 (the “Agreement”);
WHEREAS, the parties hereto desire to amend the Agreement as set forth below; and
1. Definitions.
Unless otherwise specifically defined herein, all capitalized terms used but not defined herein shall have the meanings ascribed to them under the Agreement.
2. Amendments to the Agreement.
1.1.14 “Transaction Information” means all written, oral or other information concerning this Agreement, the Merger Agreement and the agreements and transactions contemplated hereby and thereby, unless such information is or becomes publicly available other than through a breach of this Agreement by such receiving Investor.
Section 2.16.3. In furtherance of this Section 2.16, each party hereto shall (A) to the extent legally permissible, notify each Requisite Investor promptly of any communication (whether verbal or written) it or any of its Affiliates receives from any Governmental Authority relating to the Transactions and provide copies of any such written communication to each Requisite Investor, (B) obtain consent (which shall not be unreasonably withheld) from each Requisite Investor promptly before making any substantive communication (whether verbal or written) with any Governmental Authority relating to the Transactions and provide copies of any such written communication to each Requisite Investor, (C) promptly notify each Requisite Investor of, permit each Requisite Investor to review in advance, and consult with each Requisite Investor on, any proposed filing, submission or communication (whether verbal or written) by such party to any Governmental Authority relating to the Transactions and provide copies of any such written filing, submission or communication to each Requisite Investor, and (D) to the extent legally permissible and reasonably practicable, give each Requisite Investor the opportunity to attend and participate at any meeting with any Governmental Authority relating to the Transactions; provided, however, that the foregoing shall not apply to any Schedule 13D filings, or amendments thereto, in respect of the Company that an Investor reasonably believes is required under applicable Law; provided that such Investor shall coordinate with the other Investors in good faith regarding the content and timing of such filings or amendments in connection with the Transactions in accordance with Section 2.12.
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Exhibit A of the Agreement is hereby replaced in its entirety with Appendix I of this Amendment.
Exhibit C of the Agreement is hereby replaced in its entirety with Appendix II of this Amendment.
The parties hereto agree that all other provisions of the Agreement shall, subject to the amendments set forth in Section 2 of this Amendment, continue unmodified, in full force and effect and constitute legal and binding obligations of the parties in accordance with their terms. This Amendment is limited precisely as written and shall not be deemed to be an amendment to any other term or condition of the Agreement or any of the documents referred to therein. This Amendment forms an integral and inseparable part of the Agreement.
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3.2 Representations and Warranties.
Each party hereto hereby represents and warrants to each other party that:
3.2.1 It has all necessary corporate power and authority to execute and deliver this Amendment and to perform its obligations hereunder. The execution and delivery of this Amendment by it have been duly and validly authorized by all necessary corporate action, and no other corporate proceedings on its part are necessary to authorize the execution and delivery of this Amendment.
3.2.2 This Amendment has been duly and validly executed and delivered by it and, assuming due authorization, execution and delivery by each other party, constitutes a legal, valid and binding obligation of such party, enforceable against it in accordance with its terms, subject to the Bankruptcy and Equity Exception.
Each reference to “this Agreement,” “hereof,” “herein,” “hereunder,” “hereby” and each other similar reference contained in the Agreement shall, effective from the date of this Amendment, refer to the Agreement as amended by this Amendment. Notwithstanding the foregoing, references to the date of the Agreement and references in the Agreement, as amended hereby, to “the date hereof,” “the date of this Agreement” and other similar references shall in all instances continue to refer to June 21, 2021.
This Amendment shall form a part of the Agreement for all purposes, and each party thereto and hereto shall be bound hereby. From and after the execution of this Amendment by the parties hereto, any reference to the Agreement shall be deemed a reference to the Agreement as amended hereby. This Amendment shall be deemed to be in full force and effect from and after the execution of this Amendment by the parties hereto.
3.5 Other Miscellaneous Terms.
The provisions of Section 3 (Miscellaneous) of the Agreement shall apply mutatis mutandis to this Amendment, and to the Agreement as amended by this Amendment, taken together as a single agreement, reflecting the terms therein as amended by this Amendment.
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| ▇▇▇▇ ▇▇▇ | |
| /s/ ▇▇▇▇ ▇▇▇ |
[Signature Page to Amendment to Interim Investors Agreement]
| RY HOLDINGS INC. | ||
| By: | /s/ ▇▇▇▇ ▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇ | ||
| Title: Director | ||
[Signature Page to Amendment to Interim Investors Agreement]
| RY ELEVATE INC. | ||
| By: | /s/ ▇▇▇▇ ▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇ | ||
| Title: Director | ||
[Signature Page to Amendment to Interim Investors Agreement]
| RECRUIT HOLDINGS CO., LTD. | ||
| By: | /s/ Masumi Minegishi | |
| Name: Masumi Minegishi | ||
| Title: Representative Director, Chairperson | ||
[Signature Page to Amendment to Interim Investors Agreement]
| ORIENTAL POPPY LIMITED | ||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇ Wolhardt | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇ Wolhardt | ||
| Title: Director | ||
[Signature Page to Amendment to Interim Investors Agreement]
| OCEAN ASCEND LIMITED | ||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇ | ||
| Title: Director | ||
[Signature Page to Amendment to Interim Investors Agreement]
| 51 ELEVATE LIMITED | ||
| By: | /s/ ▇▇▇▇ ▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇ | ||
| Title: Director | ||
[Signature Page to Amendment to Interim Investors Agreement]
| GARNET FAITH LIMITED | ||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇ Wolhardt | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇ Wolhardt | ||
| Title: Director | ||
[Signature Page to Amendment to Interim Investors Agreement]