Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 191

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 191
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 rights or claims with respect thereto, other than settlements in the ordinary course of business that involve (x) the payment of non -materialamounts of cash and no admission being made with respect to (i) any criminal wrongdoing, or (ii) the invalidity or unenforceability of, or any infringement with respect to, any company intellectual property or (y) payment for applicable insurance policies, including worker’s compensation policies; (xiv) except in the ordinary course of business, make any loans, advances or capital contributions to, or guarantees for the benefit of, or any investments in, any person in excess of $50,000, individually or in the aggregate, other than the reimbursement of expenses of employees in the ordinary course of business; (xv) except as required pursuant to applicable law, (a) amend, modify, adopt, enter into or terminate any material employee plan of Staffing 360, other than in the ordinary course of business, (b) materially increase the compensation or benefits payable to any current or former director, manager, officer, or employee at the level of senior vice president or above with annual fees of $100,000 or above, other than in each case annual and merit -basedraises made in the ordinary course of business, as applicable, (c) take any action to accelerate any material payment or benefit payable to any current or former director, manager, officer, employee, or contingent worker of Staffing 360, (d) waive or release any non -competition, non -solicitation, no -hire, nondisclosure or other restrictive covenant 108 obligation of any current or former director, manager, officer, or employee at the level of senior vice president or above of Staffing 360, or (e) terminate (other than for cause) or furlough the employment of certain specified individuals; (xvi) enter into any settlement, conciliation or similar contract the performance of which would involve the payment by Staffing 360 in excess of $50,000, in the aggregate, or that imposes, or by its terms will impose at any point in the future, any material, non -monetaryobligations on the Staffing 360 (or Atlantic International (or any of its affiliates after the closing of the Merger); (xvii) authorize, recommend, propose or announce an intention to adopt, or otherwise effect, a plan of complete or partial liquidation, dissolution, restructuring, recapitalization, reorganization or similar transaction involving