Exhibit 99.4
Execution Version
ASSIGNMENT AND ASSUMPTION
THIS ASSIGNMENT AND ASSUMPTION (“Assignment”), dated
and effective as of February 3, 2026 (“Effective Date”),
is by and between, Castlehouse VCC – Harvest
Win, a sub-fund of Castlehouse VCC, registered in Republic of Singapore
(“Assignor”) and Ginkgo Capital Global Fund SPC - Xtalpi
AI Fund SP, a sub-fund
of Ginkgo Capital
Global Fund SPC, registered
in Cayman Islands (“Assignee”).
WHEREAS, Assignor has entered into that certain
Securities Purchase Agreement (the “Agreement”) dated January 27, 2026, with
Cingulate Inc., a Delaware corporation (the “Company”) and such other
parties named in the Agreement, pursuant to which Assignor will purchase the
following securities (“Securities”) of the Company, as described in the
Agreement:
Shares of Common
Stock: 1,757,393
Shares of
Preferred Stock: 973
Warrant Shares: 1,556,420
WHEREAS, Assignor now desires to assign, and Assignee desires
to assume all of
Assignor’s right to and interest in the purchase of 100% of the Securities.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Assignor and Assignee agree as
follows:
1 Assignment. As of the Effective Date, Assignor hereby
assigns, conveys, transfers and sets over unto Assignee, all of Assignor’s right to and interest in the purchase
of 100% of the Securities. Assignor represents that the Agreement is
attached as Exhibit A and that there are no other documents modifying or amending the terms of the Agreement
except as attached
hereto as Exhibit A.
2. Assumption. From and after the Effective Date, Assignee hereby assumes all
of Assignor’s right to and interest
in the purchase of 100% of the Securities and the right arising from owning 100% of the Securities under
the Agreement after the Closing, including, but not limited to all covenants
and obligations, which are to be
paid, performed, fulfilled, and complied with by the Assignor under the
Agreement with respect to the Securities that accrue from and after the
Effective Date hereof.
3. Reference to Assignor under
the Agreement. From and after
the Effective Date, all
references in the Agreement to the “Singapore Entity” or the Assignor shall be
read to mean the Assignor. All
obligations to be performed by the Assignor shall be performed by Assignor, and
all rights of the Assignor under the Agreement shall be exercised by the
Assignee, including without limitation the right to appoint any directors,
approval or notice under the Agreement.
5. Assignee Obligations. The Assignee hereby agrees that it shall be bound by all terms of the Agreement with respect to the Securities, including but not limited to, all covenants in the Agreement made by the Purchasers and the representations and warranties in Section 3.2 of the Agreement, which the Assignee is hereby making as of the Closing Date (unless such representation or warranty is to be made as of a specific date as provided in the Agreement, in which case they shall be accurate as of such date).
6. Binding Effect. This Assignment shall inure tothe benefit of and shall be binding upon the parties
hereto and their respective successors and assigns.
7. Governing Law. This Agreement shall be governed
by and construed in accordance with the internal laws of the State of New York, without regard
to the principles of conflicts
of law thereof.
8. Counterparts. The parties agree that this Assignment may be executed by the
parties in one or more counterparts and each of which shall be deemed
an original, but all of which
together shall constitute one and the same instrument.
[Signature page(s) follow.]
IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment as of the date first set forth above.
| |
|
|
|
| |
ASSIGNOR:
|
| |
|
| |
Castlehouse VCC – Harvest Win, a sub-fund of Castlehouse VCC
|
| |
|
| |
By:
|
/s/ Zhanpeng Jiang
|
|
| | | |
| |
Name:
|
Zhanpeng Jiang
|
| |
Title:
|
Partner
|
| |
|
| |
ASSIGNEE:
|
| |
|
| |
Ginkgo Capital Global Fund SPC -
|
| |
Xtalpi AI Fund SP, a sub-fund of Ginkgo Capital Global Fund SPC
|
| |
|
| |
By: Falcon Creek Capital Advisor, LLC, its Investment Manager
|
| | | |
| |
By: |
/s/ Zhanpeng Jiang |
| |
Name:
|
Zhanpeng Jiang
|
| |
Title:
|
Managing Partner
|
Company Acknowledgement
The undersigned, Cingulate Inc.,
a Delaware corporation, hereby acknowledge the partial assignment of the
Agreement as contemplated by the foregoing Assignment and Assumption of Agreement.
| | | |
| |
Cingulate Inc.
|
| |
By:
|
/s/ Shane Schaffer |
| |
Name:
|
Shane Schaffer
|
| |
Title:
|
Chief Executive Officer
|
Exhibit A
[Agreement Attached.]
5