Indeed the Impact Points for Vertical Hinging in 2-C-2 remains intact during Impact Interval.
And thus there is no loss of the Compression Point during Vertical Hinging (Clubface Layback Only) until the Clubhead passes through Low Point. Then, as the Clubhead moves parallel to the ground, the Clubface tilts under the Ball, the point of Compression is lost, and the result is the floating, ballistic trajectory of the Lob Shot.