Live Oak Acquisition Corp. V (LOAC) entered into a Forward Purchase Agreement (FPA) with HB Strategies LLC (Seller) on June 1, 2026. The FPA is designed to reduce the number of public shares redeemed in connection with the upcoming business combination with Teamshares Inc. The Seller may purchase up to 4,000,000 public shares and has agreed to waive redemption rights for these shares. LOAC will pay the Seller a 'Prepayment Amount' equal to the number of subject shares multiplied by the redemption price per share. The agreement includes a 24-month term following the business combination, with provisions for optional early termination by the Seller. The approximate redemption price per share as of May 29, 2026, was $10.54.