Hyperliquid Strategies Inc Sample Contracts

AMENDMENT NO. 1 TO BUSINESS COMBINATION AGREEMENT
Business Combination Agreement • December 3rd, 2025 • Hyperliquid Strategies Inc • Finance services

This Amendment No. 1 to bUSINESS cOMBINATION AGREEMENT (this “Amendment”), dated as of September 22, 2025, is made by and among Hyperliquid Strategies Inc, a Delaware corporation (“Pubco”), Rorschach I LLC, a Delaware limited liability company (“Rorschach”), Sonnet BioTherapeutics Holdings, Inc., a Delaware corporation (the “Company”), Rorschach Merger Sub LLC, a Delaware limited liability company (“Rorschach Merger Sub”), and TBS Merger Sub Inc, a Delaware corporation (“Company Merger Sub”). Pubco, Rorschach, Rorschach Merger Sub, Company Merger Sub and the Company are referred to herein collectively as “Parties” or individually as “Party”. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Business Combination Agreement (as defined below).

ADVISOR RIGHTS AGREEMENT
Advisor Rights Agreement • December 3rd, 2025 • Hyperliquid Strategies Inc • Finance services • Delaware

This ADVISOR RIGHTS AGREEMENT (this “Agreement”) is entered into as of December 2, 2025, by and among Hyperliquid Strategies Inc, a Delaware corporation (the “Company”), and Rorschach Advisors LLC, a Delaware limited liability company (the “Advisor”).

CONTINGENT VALUE RIGHTS AGREEMENT
Contingent Value Rights Agreement • December 3rd, 2025 • Hyperliquid Strategies Inc • Finance services • New York

THIS CONTINGENT VALUE RIGHTS AGREEMENT (this “Agreement”), dated as of December 2, 2025, is entered into by and between Hyperliquid Strategies Inc, a Delaware corporation (“PubCo”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Rights Agent”).

PORTIONS OF THIS EXHIBIT HAVE BEEN REDACTED PURSUANT TO REGULATION S-K, ITEM 601(B)(10)(IV). SUCH REDACTED INFORMATION IS NOT MATERIAL AND IS TREATED AS PRIVATE AND CONFIDENTIAL. ORDER FORM
Master Custody Service Agreement • September 22nd, 2025 • Hyperliquid Strategies Inc • Finance services • South Dakota

This MASTER CUSTODY SERVICE AGREEMENT (“Agreement”) is made and entered into as of the Effective Date provided herein, by and between Anchorage Digital Bank N.A. (“Anchorage”), and each Client as provided herein (each a “Client”) (Anchorage and Client, each a “Party” and collectively, the “Parties”).

STRATEGIC ADVISOR AGREEMENT
Strategic Advisor Agreement • December 3rd, 2025 • Hyperliquid Strategies Inc • Finance services • Delaware

This Strategic Advisor Agreement (the “Agreement”) is entered into as of December 2, 2025 (the “Effective Date”), by and between Hyperliquid Strategies Inc, a Delaware corporation with its principal place of business at 477 Madison Avenue, New York, New York 10022 (“Customer”), and Rorschach Advisors LLC, a Delaware limited liability company with its principal place of business at 477 Madison Avenue, New York, New York 10022 (“Advisor”). Customer and Advisor are referred to individually as a “Party” and collectively as the “Parties.”

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • October 22nd, 2025 • Hyperliquid Strategies Inc • Finance services

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of October 22, 2025 is by and between Chardan Capital Markets LLC, a New York limited liability company (the “Investor”), and Hyperliquid Strategies Inc, a Delaware corporation (the “Company”).

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • December 3rd, 2025 • Hyperliquid Strategies Inc • Finance services • New York

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of December 2, 2025, is made and entered into by and among Hyperliquid Strategies Inc, a Delaware corporation (the “Company”), and the undersigned parties listed under “Holders” on the signature page(s) hereto (each such party, together with any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 or Section 5.10 of this Agreement, a “Holder” and collectively, the “Holders”).

ChEF PURCHASE AGREEMENT
Chef Purchase Agreement • October 22nd, 2025 • Hyperliquid Strategies Inc • Finance services • New York

This ChEF PURCHASE AGREEMENT is made and entered into as of October 22, 2025 (together with Annex I, this “Agreement”), by and between Chardan Capital Markets LLC, a New York limited liability company (the “Investor”), and Hyperliquid Strategies Inc, a Delaware corporation (the “Company”).