October 2025 SHELFCircle SPA - The price at which shares are sold to New Circle is determined based on a fixed discount to the market price of the Ordinary Shares, as specified in the Purchase Agreement. This means that the purchase price will fluctuate with the market price of the shares at the time of each sale. The number of shares to be sold on a given day is determined by the company at its discretion, subject to certain limitations. Specifically, a Purchase Notice cannot exceed the lesser of 100% of the average daily trading volume of the shares over the five trading days preceding the notice or 100,000 shares. The company has the right to control the timing and amount of any sales to New Circle, taking into account market conditions and other factors.
