Hyperliquid Strategies Inc Sample Contracts
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • May 8th, 2026 • Hyperliquid Strategies Inc • Finance services • New York
This Executive Employment Agreement (the “Agreement”) is knowingly and voluntarily made and entered into as of May 1, 2026 (the “Effective Date”) by and between Hyperliquid Strategies Inc, a Delaware corporation (the “Company”), and Brett Beldner (hereinafter, the “Executive”).
AMENDMENT NO. 1 TO BUSINESS COMBINATION AGREEMENTBusiness 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).
INDEMNIFICATION AGREEMENTIndemnification Agreement • May 8th, 2026 • Hyperliquid Strategies Inc • Finance services • Delaware
THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of [ ], 2026, by and between Hyperliquid Strategies Inc, a Delaware corporation (the “Company”), and [ ] (“Indemnitee”).
WARRANT TO PURCHASE SHARES OF COMMON STOCK HYPERLIQUID STRATEGIES INCSecurity Agreement • May 22nd, 2026 • Hyperliquid Strategies Inc • Finance services
THIS WARRANT TO PURCHASE SHARES OF COMMON STOCK (this “Warrant”) certifies that, for value received, [•] or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after [•], 2025 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on [•], 20301 (the “Termination Date”), but not thereafter, to subscribe for and purchase from Hyperliquid Strategies Inc, a Delaware corporation (the “Company”), up to [•]2 shares of common stock, par value $0.01 per share (the “Common Stock”) (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
ADVISOR RIGHTS AGREEMENTAdvisor 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 AGREEMENTContingent 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 FORMMaster 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”).
AMENDMENT NO. 3 TO ChEF PURCHASE AGREEMENTChef Purchase Agreement • September 15th, 2026 • Hyperliquid Strategies Inc • Finance services
This Amendment No. 3 (“Amendment No. 3”), made as of September 14, 2026, amends that certain ChEF Purchase Agreement, dated as of October 22, 2025, as amended on September 1, 2026 and September 14, 2026 (collectively, the “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”).
STRATEGIC ADVISOR AGREEMENTStrategic 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 AGREEMENTRegistration 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”).
EXECUTIVE PLACEMENT AGREEMENTExecutive Placement Agreement • June 26th, 2026 • Hyperliquid Strategies Inc • Finance services • New York
This Executive Placement Agreement (the “Agreement”) is knowingly and voluntarily made and entered into as of June 22, 2026 (the “Effective Date”) by and between Hyperliquid Strategies Inc, a Delaware corporation (the “Company”), and SBR Limited, a Hong Kong company (hereinafter, the “Consultant”).
REGISTRATION RIGHTS AGREEMENTRegistration 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”).
AMENDMENT NO. 1 TO ChEF PURCHASE AGREEMENTChef Purchase Agreement • September 1st, 2026 • Hyperliquid Strategies Inc • Finance services
This Amendment No. 1 (“Amendment No. 1”), made as of September 1, 2026, amends that certain ChEF Purchase Agreement, dated as of October 22, 2025 (the “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”).
ChEF PURCHASE AGREEMENTChef 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”).
AMENDMENT NO. 3 TO ChEF PURCHASE AGREEMENTChef Purchase Agreement • September 15th, 2026 • Hyperliquid Strategies Inc • Finance services
This Amendment No. 3 (“Amendment No. 3”), made as of September 14, 2026, amends that certain ChEF Purchase Agreement, dated as of October 22, 2025, as amended on September 1, 2026 and September 14, 2026 (collectively, the “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”).
FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • June 26th, 2026 • Hyperliquid Strategies Inc • Finance services
This First Amendment to Executive Employment Agreement (this “Amendment”) is made and entered into as of June 22, 2026, by and between Hyperliquid Strategies Inc, a Delaware corporation (the “Company”), and David Schamis (the “Executive”).
AMENDMENT NO. 2 TO ChEF PURCHASE AGREEMENTChef Purchase Agreement • September 14th, 2026 • Hyperliquid Strategies Inc • Finance services
This Amendment No. 2 (“Amendment No. 2”), made as of September 14, 2026, amends that certain ChEF Purchase Agreement, dated as of October 22, 2025, as amended on September 1, 2026 (collectively, the “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”).