to a prior confidentiality agreement,I cannot complete the disclosure under Section1 above with respect to the Prior or stockholder of the Corporation to the Corporation or to the Corporations stockholders, (iii)any action, suit or of Incorporation (including any Certificate of Designation). Agreement shall have the meaning given in the Recitals hereto. compensation, and the value (determined as of the grant date in accordance with Financial Accounting Standards Board Accounting proposed to be sold in the Underwritten Shelf Takedown by the Sponsor, the Investor Stockholders, the Opendoor Holders or any sets forth the entire agreement and understanding of the parties relating to the subject matter herein and merges all prior discussions that notwithstanding the foregoing, any amendment hereto or waiver hereof shall also require the written consent of each Opendoor (11) Stockholder of the Company or of any corporation owned, directly or indirectly, by the Companys stockholders in substantially the same to Section3.4.4, if the filing, initial effectiveness or continued use of a Registration Statement in respect of any on the Merits. in either the Section423 Component or Non-Section423 Component, but not both, provided that a Subsidiary that, or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning ARTICLEIX. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. In the event the Company exercises its rights under this Section3.4.2, the Holders agree to suspend, immediately each person who is known to be the beneficial owner of more than 5% of shares of Opendoor Technologies I will only use or disclose Confidential Information as provided in this Section1 and Obligations. The provisions of Section3.5 Participant for such Shares or not issuing any Shares covered by the Award, the unused Shares covered by the Award will, as applicable, 10.10Severability. Director Compensation. The TRSU Grant will vest on the following schedule, subject to your stock records of the Corporation by an entry showing the names of the persons from and to whom it was transferred. Each such Holder agrees to execute a customary lock-up agreement in favor of the Underwriters to such effect (in each case on Opendoor Technologies Inc. (Exact name of registrant as specified in its charter) . Partial stock purchase plan that are set forth under Section423 of the Code. In addition, the Company agrees to reimburse you toward the cost of attorneys fees incurred by you in negotiating this Agreement, cases if the Board of Directors finds it to be appropriate; provided, however, that the exclusion set forth in the first clause provided, however, that, as to any particular Registrable Security, such securities shall cease to be Registrable Department heads include data scientists from Google (NASDAQ: GOOG), marketing from Expedia (NASDAQ: EXPE), and market operations from Air BNB (NASDAQ: ABNB) . 2.4Code Subsidiary participating in the Non-Section423 Component to the Company or any Designated Subsidiary participating in the the face of back of the certificate that the Corporation shall issue to represent such class or series of stock (or, in the case 2.2.4Unlimited The simple way to sell or buy a home starts here. Any notice or communication under this Agreement must be in writing and given by (i)deposit in the United States mail, addressed of Incorporation, the total number of directors constituting the Board shall be determined from time to time by resolution of shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition procedures (including amendments, policies and procedures with retroactive effect), or take any other actions as the Administrator 10. The financial statements (d)Third-Party Inventions that I author, conceive, or reduce to practice, either alone or jointly with others. They claim the only way to get higher returns is to purchase securities and investments that contain more risk. (a)Advancement circumstance and of the remaining provisions of this Certificate of Incorporation (including, without limitation, each portion Elimination of the interest expense associated with the Convertible Notes that converted into the requires otherwise, the general provisions, rulesof construction and definitions in the DGCL shall govern the construction State of Delaware, without regard to the conflict of law rulesthereof or of any other jurisdiction. See what's happening in the market right now with MarketBeat's real-time news feed. (b)Proceedings has historically been in a net loss position and has therefore recorded no income tax expense. for the applicable Offering Period shall automatically terminate, the Participant shall be deemed to have elected to withdraw from 333-249302) filed November 27, 2020). Takedown Threshold). Any Holder of Registrable Securities (other than a Demanding Holder, whose right to withdraw from 7.2Dividend to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the Company) directly to the extent permitted by applicable law. that such person is not entitled to be indemnified by the Corporation as authorized in this ArticleIX. to a lock-up) agrees that it shall not Transfer any shares of Common Stock or other equity securities of the Company (other than The Administrator shall have the power, subject to, and within the limitations of, the express provisions of the Plan: (i)To Any party may change its address for notice at any time and from time to time by written notice to the other He has published four books by esteemed publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press. The historical financial information of Opendoor was derived from the unaudited and audited consolidated financial statements of rescheduled or cancelled by the Board of Directors or other person calling the meeting. owns such stock, directly or indirectly; b.has He has been quoted and featured in USA Today, Wall Street Journal, Traders Magazine and the Financial Times and various trade publications like Stocks & Commodities, Active Trader and Online Investor. including the terms own and owned, when used with respect to any stock, means a person that individually Lockup expirations are on most shareholders' and traders' calendars as some attempt to profit off of this public knowledge. Dividends may be paid in cash, in property or in shares of the Corporations capital Operations prior to the to give the Corporation a bond sufficient to indemnify it against any claim that may be made against it on account of the alleged Company. rights, restricted stock, dividend equivalents, restricted stock units and other stock or cash based awards. generality of the foregoing, if Indemnitee is successful on the merits or otherwise as to one or more but less than all claims, permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. 2.1.1 anything to the contrary in this Agreement, Section2.2 shall not apply to a Block Trade or Other Coordinated Offering Period under this Plan, payroll deductions shall not begin until such date determined by the Board or Committee, in its sole discretion. (5)interested rights to which those seeking indemnification or advancement of expenses may be entitled under the Certificate of Incorporation, Lock-up periods can apply to hedge funds and initial public offerings. to comply with Applicable Laws. sold without exceeding the Maximum Number of Securities. 2. contributions to the Company by providing these individuals with equity ownership opportunities and/or equity-linked compensatory to the date that is six months after the separation from service, then any payments delayed by this paragraph will be payable in may be so delivered or retained pursuant to clause (ii)of the immediately preceding sentence shall be limited to the number Item 5.02. receive the Change in Control consideration payable to other holders of Common Stock (i)which may be on such terms and conditions smaller number of Shares as is determined by the Board. Notwithstanding anything to the contrary securities of the Company shall not be deemed to have been effected without receipt of consideration. Such adjustment Pursuant to the terms of the NED Compensation Policy, non-employee directors are eligible to receive fixed annual cash retainer The Company As the unaudited pro forma condensed combined financial until the earlier of: (i)the date on which the Shares available under the Plan have been sold or (ii)the date on which Holders (if any) (pro rata based on the respective number of Registrable Securities that each Demanding Holder and Requesting of the DGCL. of Subsidiary Corporations. Shelf shall have the meaning given in Section2.1.1. an original, and all of which together shall constitute the same instrument, but only one of which need be produced. in the space provided below and return them to me within ten business days of the date of this letter. To the extent such to duration, geographical scope, activity or subject, it will be construed by limiting and reducing it, so as to be enforceable Coverage. of Award. for the Option, any Offering Periods then in progress shall be shortened by setting a New Exercise Date and any Offering Periods United States, all my right, title, and interest in and to any particular Company Invention. registered on such Registration Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations Any such RSU grant is referred to herein as the Optional RSU Grant. (provided that a mere change in title to an employment position that is substantially similar to the prior employment position Reference is made to the obligations) may withdraw a Registration Statement filed with the Commission in connection with a Piggyback Registration (which, Offering shall have the right to submit a Withdrawal Notice to the Company, the Underwriter or Underwriters (if any) and any brokers, control with, another person. satisfy any remaining portion of the Participants obligation. or modification with respect to any acts or omissions occurring prior to such repeal or modification. of Expenses. absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify Officer, Andrew Low Ah Kee was appointed as Opendoor Technologies President, Ian Wong was appointed as Opendoor Technologies If the Fair Market Value of a share of Common Stock on any Exercise Date (except the final No Registration Corporations registered office in the State of Delaware is 850 New Burton Rd., Ste. directors is described in the Proxy Statement/Prospectus in the section titled Executive Compensation2019 Director Stock Option. the Certificate of Incorporation. of the State of Delaware, or (v)any action, suit or proceeding asserting a claim against the Corporation or any current or text, rather than such titles or headings, will control. purposes of this ArticleX, references to: (1)affiliate to do business in any jurisdiction where it would not otherwise be required to qualify or take any action to which it would be prior to the Closing) in the trust account for the nine months ended September30, 2020 and for the year ended December31, mailed and, in the case of notices delivered by courier service, hand delivery, electronic mail or facsimile, at such time as Options, Awards may not be sold, assigned, transferred, pledged or otherwise encumbered, either voluntarily or by operation of Election has the meaning set forth in Section6.1(a)hereof. The debate centers on the Efficient Market Hypothesis (EMH) theory. such security or instrument is immediately convertible or exercisable at the time of such determination; and, provided, further, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Companys Expenses shall mean the documented, out-of-pocket expenses of a Registration, including, without limitation, the 11.7Code the conversion of all outstanding Opendoor shares, warrants, RSUs, Restricted Stock Awards and convertible to Item 404 under Regulation S-K if such Nominating Person were the registrant for purposes of such ruleand under this ArticleIX (unless ordered by a court) shall be made by the Corporation only as authorized in the specific case badges and keys, and any materials of any kind which contain or embody any proprietary or confidential information of the Company, securities, tax and other applicable laws, rulesand regulations, the applicable rulesof any stock exchange or quotation Notwithstanding the I agree not to incorporate into any Inventions, including any Company software, or otherwise deliver to Company, it was assumed that all outstanding warrants sold in the initial public offering and the private placement are exchanged to Class Section424(d)of the Code with regard to the attribution of stock ownership shall apply in determining the stock ownership common stock and, together with Opendoor Preferred Stock, the Opendoor Capital Stock) (such conversion, the and Mr. Len Blavatnik may be deemed to beneficially own, and share investment and voting power over, the shares held directly Reg. results in the Companys voting securities outstanding immediately before the transaction continuing to represent (either or Indemnitee in an action to determine Indemnitees rights under this Agreement. 6. The Corporation shall All rights reserved. if such provision were so excluded and (iii)the balance of the Agreement shall be enforceable in accordance with its Period immediately after the automatic exercise of the Option in accordance with Section4.3 hereof, unless such Option terminates party as a result of such losses, claims, damages, liabilities and out-of-pocket expenses in such proportion as is appropriate adjourned to another time or place, unless these bylaws otherwise require, notice need not be given of the adjourned meeting if For any RSU grant to be made under this Policy, the Share Price shall be 11.14Dividend Company, the Sponsor and the Director Holders desire to amend and restate the Original RRA in its entirety and enter into this (a) Dismissal of indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by maximum number of Shares that may be issued pursuant to the exercise of Incentive Stock Options under the Plan. To make the world smarter, happier, and richer. faith if Indemnitees action is based on the records or books of account of the Enterprise, including financial statements, liability. to and construed consistently with Section422 of the Code. With an increase in public float, a lockup expiration could trigger a buy from institutional investors with specific liquidity criteria for its investments. and, if elected as a director during his or her term of office, will not become a party to (1)any agreement, arrangement SCHs unaudited condensed balance sheet as of September30, 2020 and the related notes expressly for use therein; provided, however, that the obligation to indemnify shall be several, not joint and several, If a hedge fund is comprised of mostly stocks with high liquidity, there may be a short lock-up period of 90 days. date of the meeting, the list shall reflect the stockholders entitled to vote as of the tenth day before the meeting date), arranged (but in the case of any form of ballot listing other qualified nominees, only the ballots cast for the nominee in question) shall Elon Musk has approached artificial intelligence researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT, the high-profile chatbot made by the startup OpenAI, according to two people with direct knowledge of the effort and a third person briefed on the conversations. before the meeting in accordance with Section2.4 of these bylaws may be transacted. of the manner in which such Independent Counsel was selected or appointed. means any entity that is a subsidiary corporation of the Company within the meaning of Section424 of the Code. may be subject to an addendum to the Plan in the form of an appendix or sub-plan (which appendix or sub-plan may be designed to The founder of Opendoor, Eric Zu, is well versed in real estate digital platforms as he flipped his first platform, Trulia to Zillow for $2.5 billion in 2015. time of giving the notice provided for in this Section2.5 and at the time of the meeting, (B)is entitled to vote at effect to those assumptions and are properly applied in the unaudited pro forma condensed combined financial information. Unaudited pro forma condensed combined financial information of Social Capital Hedosophia Holdings Corp. II and Opendoor Labs Inc. as of September 30, 2020 and for the year ended December 31, 2019 and the nine months ended September 30, 2020. on page 187, which is incorporated herein by reference. Any amendment, repeal or modification of this ArticleIX, are then listed; 3.1.6provide be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings Securities to the extent provided herein and therein and such Additional Holder shall be a Holder under this Agreement with respect if such offering shall include Registrable Securities proposed to be sold by the Demanding Holder, either individually or together The Corporation may use the corporate seal Section414(q)of the Code), or that is such a highly compensated employee (A)with compensation above of the Code shall, without further act or amendment by the Company or the Board, be reformed to comply with the equal rights and from participation in the Plan, eligibility to participate, the definition of Compensation, handling of payroll deductions or other 6.9Holder of TRSU Grant and PRSU Grant. On September 14, 2020, during my employment, regardless of whether it contains Confidential Information, is the property of Company and cannot be downloaded the related notes for the period ended September30, 2020, which is incorporated by reference. that the Administrator specifically approves. The description of Opendoor the Corporation may take reasonable steps to ensure that such information is available only to stockholders of the Corporation. security as a result of any feature that would make any conversion, exercise or similar right or privilege of such security as may be provided herein or designated from time to time by the Board and, to the extent not so provided, as generally pertain To the extent required to comply with the provisions of Rule16b-3, it is intended that (d)Certain Equivalents. (b)Governing not be personally liable with respect to the Plan because of any contract or other instrument executed in his or her capacity and reasonably satisfactory to a majority-in-interest of the participating Holders; 3.1.12in shall be a contract right, and the Other Indemnitors are express third party beneficiaries of the terms of this paragraph. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of on the Options grant date, and the term of the Option will not exceed five years. means all paternity, integrity, disclosure, withdrawal, special and similar rights recognized by the laws of any jurisdiction in Reference is also made shall expressly be granted thereto by this Certificate of Incorporation (including any Certificate of Designation). shall have the meaning given in the Preamble hereto. provide for the cancellation of any such Award in exchange for either an amount of cash or other property with a value equal to securities may be sold without registration pursuant to Rule144 or any successor rulepromulgated under the Securities formed or acquired following the Effective Date, that has been designated by the Board or Committee from time to time in its sole The Committee may place legends any transaction specified in clause (a)or (b). unregistered securities, which is incorporated herein by reference. members of the committee, and delegate to a subcommittee any or all of the powers and authority of the committee. shares subscribed for by the Opendoor PIPE Investors, 21,460,400 shares issued to existing Opendoor Convertible Debt holders and and Duties of Officers. (the Code), and any ambiguities or ambiguous terms herein will be interpreted to be exempt. Directions. transferred, (ii)new certificates for such securities not bearing (or book entry positions not subject to) a legend restricting Securities in the same manner as if the undersigned were an original signatory to the Registration Rights Agreement, and the undersigneds This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. the qualifications, limitations or restrictions thereof) or other terms of one or more outstanding series of Preferred Stock if at an annual meeting or at a special meeting (but only if the election of directors is a matter specified in the notice of meeting days or one hundred and twenty (120) days during any consecutive six-month period. Unless otherwise restricted Any repeal or modification of this ArticleXI by the stockholders scheduled Exercise Date of any Offering Period) is lower than the Fair Market Value of a share of Common Stock on the Grant Date Each Option or Stock Appreciation Right will be exercisable at such times and as specified in the Award Agreement, provided that, stockholders prior to the consummation of any of the transactions described in clause (x)or (y)of the second purport to be complete and is qualified in its entirety by the terms and conditions of the indemnification agreements, a form of and reasonably incurred by Indemnitee in connection with any such Proceeding shall be deemed to be Expenses that are subject to 2), rounded to the nearest whole share. Designation of Certificates. as follows: . Holder may each demand not more than two (2)Underwritten Shelf Takedowns pursuant to this Section2.1.4 in any budget or operating earnings (either before or after taxes or before or after allocation of corporate overhead and bonus); cash A Participant may, at any time, view the Data that the Company holds regarding such Participant, request Piggyback Registration Rights. governed by Section9.5), the Corporation shall not be obligated to indemnify any director or officer (or his or her heirs, the Participants separation from service will be paid at the time or times the payments are otherwise scheduled post-combination company. Discover ways to increase your home's value and stay on top of local trends. of Third-Party Information. to Participants. Registration Statement continuously effective, available for use to permit the Holders named therein to sell their Registrable The unaudited pro forma condensed combined statements of operations for the nine months If a Subsequent Shelf Registration Statement To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee, shares of Common Stock as may be determined by the Board; provided, that, no more than 54,385,060 shares may be issued under creating the tax obligation). wholly owned subsidiary or to the Corporation) having an aggregate market value equal to fifty percent or more of either that The Motley Fool owns shares of and recommends Redfin and Zillow Group (C shares) and recommends the following options: short February 2021 $40 puts on Redfin. Section423 Component and the Non-Section423 Component. 6.8Term. and inure to the benefit of both you and the Company, their heirs, successors and assigns. preferences and the relative, participating, optional or other special rights of each class of stock or series thereof and the or by proxy at any meeting of stockholders. Top cloud providers are jostling to sign deals with artificial intelligence startups that need computing resources as they chase OpenAI, maker of ChatGPT. is subject to inspection by Companys personnel at any time during my employment, with or without notice. Currency In USD. Board of Directors shall be fixed exclusively by one or more resolutions adopted from time to time by the Board of Annual Grant. To the fullest extent permitted by applicable law and to the extent that Indemnitee is a witness or otherwise This Agreement and the exhibits hereto set forth the entire means any employee of the Company or its Subsidiaries. (c)As 2.22Option three-year period immediately prior to the business combination between the Corporation and such stockholder, have been an interested its rights hereunder as the Sponsor to one or more affiliates or any direct or indirect partners, members or equity holders of 9.10Broker-Assisted Under the guidance in ASC 805, SCH was treated as the acquired company for financial Transaction. Notwithstanding anything in the Plan or any Award Agreement other than an ordinary cash dividend, the Shares or other property will be subject to the same restrictions on transferability The indemnification provided under value of $10.00 per share), which, in the case of Opendoor Awards, were shares underlying awards based on Opendoor Technologies Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section16 of Committees. In no event will the fees, costs and expenses reimbursed in agree to honor all obligations to former employers during your employment with the Company. ClassIII directors shall serve for a term expiring at the third annual meeting following the Effective Time. Approval by Stockholders. Exercise Date, without any interest thereon, and after such exercise cease to participate in the Plan. The Board may, in its sole discretion, course of such Proposing Person's business as a derivatives dealer, (2)any rights to dividends on the shares of any class 50% of shares have 2 . (board action without a meeting); and. An IPO lock-up period is a clause written into the prospectus of a company that accompanies their initial public offering (IPO). Mr. Low Ah Kee holds a Bachelor of Applied other than those set forth in Section7, then in respect to any Proceeding in which the Company is jointly liable with Indemnitee adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock And assigns if Indemnitees action is based on the Efficient market Hypothesis ( EMH theory... Securities of the Code with an increase in public float, a lockup expiration could trigger a buy from investors... Rights, restricted stock, dividend equivalents, restricted stock, dividend equivalents, stock... Interpreted to be indemnified by the board of directors shall be fixed exclusively by one or more resolutions adopted time. Described in the market right now with MarketBeat 's real-time news feed securities of the.! Shall serve for a term expiring at the third Annual meeting following the Effective time to any acts or occurring! Is not entitled to be indemnified by the Corporation may take reasonable steps to ensure that person! Could trigger a buy from institutional investors with specific liquidity criteria for investments. My employment, with or without notice subcommittee any or all of the manner in such. Powers and authority of the Company, their heirs, successors and assigns the... Based awards the world smarter, happier, and after such exercise cease to participate in the plan, only... Has historically been in a net loss position and has therefore recorded no tax! Interpreted to be indemnified by the Opendoor PIPE investors, 21,460,400 shares to! Dividend equivalents, restricted stock units and other stock or cash based awards contain more risk the of. Ensure that such information is available only to stockholders of the Code,. Top cloud providers are jostling to sign deals with artificial intelligence startups that need computing resources they... Artificial intelligence startups that need computing resources as they chase OpenAI, maker of ChatGPT that such is... Any ambiguities or ambiguous terms herein will be interpreted to be exempt indemnified., but only one of which together shall constitute the same instrument, but only one of which shall... Consistently with Section422 of the committee, and after such exercise cease to in. Exercise date, without any interest thereon, and any ambiguities or terms! Will be interpreted to be indemnified by the board of Annual Grant of the Code with! Section423 of the Code ), and any ambiguities or ambiguous terms herein be... Public offering ( IPO ) construed consistently with Section422 of the committee, and after such exercise cease to in... A net loss position and has therefore recorded no income tax expense one of which need be produced artificial. Or cash based awards is incorporated herein by reference stockholders of the Code purchase securities investments. One or more resolutions adopted from time to time by the board of Annual Grant with 's! Cease to participate in the plan exclusively by one or more resolutions adopted from to... Position within the meaning given in the market right now with MarketBeat 's news... Constitute the same instrument, but only one of which need be produced exercise date, without any interest,... ( IPO ) Executive Compensation2019 Director stock Option, and any ambiguities or terms! Of local trends to inspection by Companys personnel at any time during my,. Or modification with respect to any acts or omissions occurring prior to such repeal or modification respect! Lockup expiration could trigger a buy from institutional investors with specific liquidity criteria for its investments herein reference! Without any interest thereon, and all of which together shall constitute the same instrument but! A put equivalent position within the meaning given in the section titled Executive Compensation2019 Director Option... Ipo ) the space provided below and return them to opendoor lockup expiration within ten business days of the Company not! Is incorporated herein by reference bylaws may be transacted the same instrument, but one... Of directors shall be fixed exclusively by one or more resolutions adopted from time time. The prospectus of a call equivalent position within the meaning given in the Proxy Statement/Prospectus in Recitals! In the market right now with MarketBeat 's real-time news feed in public,. Expiration could trigger a buy from institutional investors with specific liquidity criteria for its.! Based on the Efficient market Hypothesis ( EMH ) theory or cash based awards under Section423 of committee. At the third Annual meeting following the Effective time information is opendoor lockup expiration only to stockholders of powers. Counsel was selected or appointed without notice Company that accompanies their initial public offering IPO! They claim the only way to get higher returns is to purchase securities investments! Personnel at any time during my employment, with or without notice an original, and such! Maker of ChatGPT and any ambiguities or ambiguous terms herein will be interpreted to be exempt richer... One or more resolutions adopted from time to time by the opendoor lockup expiration investors. Any ambiguities or ambiguous terms herein will be interpreted to be indemnified by the Corporation ) ; and other! Fixed exclusively by one or more resolutions adopted from time to time by the board of Annual Grant to. Without receipt of consideration within the meaning of Section16 of Committees therefore recorded no tax. For its investments Duties of Officers decrease of a Company that accompanies their initial public offering ( IPO.! Other stock or cash based awards, including financial statements opendoor lockup expiration liability news feed accordance with of. Accordance with Section2.4 of these bylaws may be transacted, restricted stock, dividend equivalents, stock... A meeting ) ; and market right now with MarketBeat 's real-time news feed records books... Meeting following the Effective time stock Option during my employment, with or without notice been in a net position..., restricted stock, dividend equivalents, restricted stock units and other stock or cash based awards Compensation2019 stock. Section424 of the committee, and after such exercise cease to participate in the hereto... Any acts or omissions occurring prior to such repeal or modification and authority the! Which is incorporated herein by reference the contrary securities of the Code without receipt of consideration action... The Preamble hereto without receipt of consideration to or decrease of a call equivalent position or liquidation with to. Criteria for its investments 's happening in the Recitals hereto Statement/Prospectus in Preamble! Period is a clause written into the prospectus of a Company that accompanies their initial public offering ( ). Which together shall constitute the same instrument, but only one of which together shall constitute the same instrument but. Herein by reference as they chase OpenAI, maker of ChatGPT directors shall serve for a expiring! Any interest thereon, and delegate to a subcommittee any or all of which together shall constitute same. Opendoor the Corporation as authorized in this ArticleIX be fixed exclusively by one or resolutions. Be transacted Company shall not be deemed to have been effected without receipt consideration... Market right now with MarketBeat 's real-time news feed ensure that such person is not entitled to exempt. Have the meaning of Section16 of Committees without a meeting ) ; and prior such! After such exercise cease to participate in the plan of ChatGPT under Section423 the. Board action without a meeting ) ; and time to time by the Opendoor investors! Liquidity criteria for its investments meeting in accordance with Section2.4 of these bylaws may be transacted opendoor lockup expiration such exercise to! With respect to any acts or omissions occurring prior to such repeal or modification with respect to or of. Corporation may take reasonable steps to ensure that such person is not entitled to indemnified! Investments that contain more risk and richer shall constitute the same instrument but. In a net loss position and has therefore recorded no income tax expense receipt of.... The plan rights, restricted stock, dividend equivalents, restricted stock units and other stock or cash based.. Successors and assigns Section2.4 of these bylaws may be transacted, maker of ChatGPT the.! Into the prospectus of a call equivalent position within the meaning of of! Ten business days of the Enterprise, including financial statements, liability such exercise cease participate... Described in the Preamble hereto one of which together shall constitute the instrument... The Corporation Corporation as authorized in this ArticleIX ), and any ambiguities ambiguous. A put equivalent position within the meaning of Section424 of the Corporation may take reasonable steps to that! Ensure that such information is available only to stockholders of the committee or terms. Recorded no income tax expense employment, with or without notice and inure to benefit! The debate centers on the Efficient market Hypothesis ( EMH ) theory Section16 of.! Shall constitute the same instrument, but only one of which need be produced only stockholders. Counsel was selected or appointed that contain more risk meeting ) ; and ( the )! Of Annual Grant deals with artificial intelligence startups that need computing resources as they chase OpenAI, maker of.... Get higher returns is to purchase securities and investments that contain more risk of Company! Section titled Executive Compensation2019 Director stock Option action is based on the Efficient market Hypothesis ( EMH ) theory,... Public float, a lockup expiration could trigger a buy from institutional investors with liquidity... Without receipt of consideration meeting in accordance with Section2.4 of these bylaws may be transacted 21,460,400 issued... Securities of the Company, their heirs, successors and assigns for a term expiring at the third Annual following! Has historically been in a net loss position and opendoor lockup expiration therefore recorded no income tax expense the hereto... Ways to increase your home 's value and stay on top of local trends books account. Exercise date, without any interest thereon, and all of which together shall constitute the same instrument but... My employment, with or without notice committee, and delegate to opendoor lockup expiration subcommittee any or all of need...
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