Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 512

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 512
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 Designations of the Preferred Stock in the form attached hereto as Exhibit A (the “ Amendment ”). Upon the effectiveness of this Agreement, the Company shall promptly file the Amendment with the Secretary of State of the State of Delaware and provide a copy thereof to the Seller’s Representative promptly after such filing. 3. Conversion of Preferred Stock; Waiver . Pursuant to the terms of the Merger Agreement, the parties hereby agree to (i) convert any amounts owed in Earned Contingent Cash Payment (as defined in the Merger Agreement) into five million (5,000,000) shares of Preferred Stock and (ii) waive any outstanding interest, dividends or other payments related to the Preferred Stock. 4. [Lock-Up Agreement . Pursuant to the terms of the Merger Agreement, the Seller’s Representative hereby agrees to enter into that certain lock-up agreement pursuant to which the Merger Consideration (as defined in the Merger Agreement) for all of the shares of Preferred Stock are; (A) subject to a lock up for the 6 months after Closing (as defined in the Merger Agreement) as follows; (B) 1,750,000 shares of Atlantic Common Stock (as defined in the Merger Agreement) are subject to a lock-up for the period starting on 6 months after Closing until 9 months after Closing; (C) 875,000 shares of Atlantic Common Stock are subject to a lock-up for the period starting on 9 months after Closing until 12 months after Closing; and (D) the lock-up shall terminate 12 months after Closing and (E) the lock-up shall not apply to the extent shares of Atlantic Common Stock must be sold to pay any taxes from such applicable holder.] Annex F-1 5. Counterparts; Facsimile Execution . This Agreement may be executed in one or more counterparts (including by electronic mail, in PDF or by DocuSign or similar electronic signature), all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered