Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 495

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1B
Chunk 495
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 right to exchange their shares of common stock for cash, securities or other property. With certain limited
exceptions, the Private Placement Warrants and the Class A common stock underlying such warrants, will not be transferable, assignable
or saleable by our Sponsor or its permitted transferees until 30 days after the completion of our initial business combination. Since
our Sponsor and officers and directors may directly or indirectly own common stock and warrants, our officers and directors may have a
conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial
business combination.

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●Our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention
or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our
initial business combination.

●Our Sponsor, officers or directors may have a conflict of interest with respect to evaluating a business combination and financing
arrangements as we may obtain loans from our Sponsor or an affiliate of our Sponsor or any of our officers or directors to finance transaction
costs in connection with an intended initial business combination. Up to $2,000,000 of such loans may be converted into warrants, at a
price of $1.00 per warrants at the option of the lender, upon consummation of our initial business combination.

The conflicts described above may not be resolved in our favor.

In general, officers and directors of a corporation incorporated under
the laws of the State of Delaware are required to present business opportunities to a corporation if:

●the corporation could financially undertake the opportunity;

●the opportunity is within the corporation’s line of business; and

●it would not be fair to our company and its stockholders for the opportunity not to be brought to the attention of the corporation.

Accordingly, as a result of multiple business affiliations, our officers
and directors may have similar legal obligations relating to presenting business opportunities meeting the above-listed criteria to multiple
entities. Furthermore, our Certificate of Incorporation provides that we renounce our interest in any corporate opportunity offered to
any director or officer unless such opportunity is expressly offered to such person solely in his or her capacity as a director or officer
of our company and such opportunity is one we are legally and contractually permitted to undertake and would otherwise be reasonable for
us to pursue, and to the extent the director or officer is permitted to refer that opportunity to us without violating another legal obligation.

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