Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 16

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 16
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 to Four Leaf (A) the representations and warranties of Xiaoyu Dida
being true and correct to applicable standards in the Merger Agreement and each of the covenants of Xiaoyu Dida having been performed
or complied with in all material respects, and (B) since the date of the Merger Agreement there not having been a material adverse effect
on Xiaoyu Dida that is continuing; and (ix) solely with respect to Xiaoyu Dida, (A) the representations and warranties of Four Leaf being
true and correct to applicable standards in the Merger Agreement and each of the covenants of Four Leaf having been performed or complied
with in all material respects, (B) since the date of the Merger Agreement there not having been a material adverse effect on Four Leaf
that is continuing, and (C) the resignations of certain directors and executive officers of Four Leaf. The Merger Agreement does not include
a minimum cash condition. The Merger Agreement does not contain a requirement that Four Leaf and Xiaoyu Dida seek PIPE or similar additional
financing prior to Closing.

Termination

The Merger Agreement may be terminated at
any time prior to the Effective Time as follows:

(i)by mutual written consent of Four Leaf and Xiaoyu Dida;

(ii)by either Four Leaf or Xiaoyu Dida if the Closing is not
consummated on or before December 31, 2025 (the “Outside Date”), provided that the failure to consummate the Closing
by the Outside Date is not due to a breach of or failure to perform any of the representations, warranties, covenants or agreements set
forth in the Merger Agreement by the party seeking to terminate;

(iii)by either Four Leaf or Xiaoyu Dida if the other party has
breached any of its covenants or representations and warranties such that closing conditions would not be satisfied at the Closing (subject
to a 20-day cure period for breaches that are curable), provided that such right to terminate will not be available to either party if
it is then in material breach of any representation, warranty, covenant or obligation set forth in the Merger Agreement, which breach
has not been cured;

(iv)by either Four Leaf or Xiaoyu Dida if any Order (as defined
in the Merger Agreement) having the effect of prohibiting or preventing the consummation of the Closing shall be in effect and shall
have become final