{"url_path":"/sec/usde/8-k/2026-07-02/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement. **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/2080215/0001213900-26-074559-index.html","accession_number":"0001213900-26-074559","cik":"0002080215","ticker":"USDE","issuer_name":"StableCoinX Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2080215/0001213900-26-074559-index.html","primary_entity_key":"0002080215","primary_entity_name":"StableCoinX Inc."},"word_count":593,"has_tables":true,"body_markdown":"Item\n1.01. Entry into a Material Definitive Agreement. **\n\n* *\n\n*Lock-Up Agreements*\n\n* *\n\nConcurrently with the Closing, certain former shareholders of TLGY\n(the “Legacy SPAC Shareholders”) and certain former shareholders of SC Assets (the “Legacy SC Assets Shareholders”)\nentered into a Lock-Up Agreement with StablecoinX (the “Lock-up Agreement”), pursuant to which each shareholder party thereto\nagreed that the shares of StablecoinX Class A Common Stock (as defined herein) received by each such holder will be locked-up and subject\nto transfer restrictions, as described below, subject to certain exceptions.\n\n \n\nThe\nshares of StablecoinX Class A Common Stock held by each of the TLGY Insiders will be locked up until the earlier of (i) six months after\nthe date of the Closing and (ii) the date on which StablecoinX consummates a liquidation, merger, capital stock exchange, reorganization\nor other similar transaction after the Closing which results in all of its shareholders having the right to exchange their shares of\nStablecoinX stock for cash, securities or other property.\n\n \n\n*The foregoing description of the Lock-Up\nAgreement does not purport to be complete and is qualified in its entirety by the full text of the form of Lock-Up Agreement, a copy\nof which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.*\n\n* *\n\n*Amended\nand Restated Registration Rights Agreement*\n\n** **\n\nConcurrently with the Closing, TLGY, the Legacy SPAC Shareholders,\nEthena OpCo, StablecoinX and the Legacy Opco Shareholders (together with the Legacy SPAC Shareholders and Ethena OpCo, the “Significant\nHolders”) entered into an Amended and Restated Registration Rights Agreement (the “Amended and Restated Registration Rights\nAgreement”) that amended and restated the registration rights agreement entered into between TLGY and certain of the Legacy SPAC\nShareholders at the time of TLGY’s initial public offering and which provides registration rights with respect to the resale of\nshares of StablecoinX Class A Common Stock held by the Significant Holders. Pursuant to the Amended and Restated Registration Rights Agreement,\nthe Significant Holders may request to sell all or any portion of their Registrable Securities (as defined in the Amended and Restated\nRegistration Rights Agreement) in an aggregate of three underwritten offerings in any 12-month period, so long as the total offering price\nis reasonably expected to exceed $25 million. StablecoinX has also agreed to provide customary “piggyback” registration rights,\nsubject to certain requirements and customary conditions. The Amended and Restated Registration Rights Agreement provides that StablecoinX\nwill pay certain expenses relating to such registrations and indemnify the stockholders against certain liabilities. 5,044,357 shares\nof StablecoinX Class A Common Stock are subject to registration rights pursuant to the Amended and Restated Registration Rights Agreement.\n\n \n\n1\n\n \n\n \n\n*The\nforegoing description of the Amended and Restated Registration Rights Agreement does not purport to be complete and is qualified in its\nentirety by the full text of the form of Amended and Restated Registration Rights Agreement, a copy of which is attached hereto as Exhibit\n10.2 and is incorporated herein by reference.*\n\n** **\n\n*Indemnification\nAgreements*\n\n** **\n\nConcurrently\nwith the Closing, the Company entered into separate indemnification agreements with each of its directors and executive officers. These\nindemnification agreements provide the directors and executive officers with contractual rights to indemnification and the advancement\nof certain expenses incurred by each such director or executive officer in any action or proceeding arising out of their services as\none of the Company’s directors or executive officers.\n\n \n\n*The\nforegoing description of the indemnification agreements does not purport to be complete and is qualified by the full text of the indemnification\nagreement, a form of which is attached hereto as Exhibit 10.3 and is incorporated herein by reference.*"}