Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 548

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 548
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as defined below) have entered into a lock-up agreement, substantially in the form attached hereto as Exhibit A-3 , and (iv) 3i, LP, a Delaware limited partnership (“ 3i ”), has entered into a lock-up agreement, substantially in the form attached hereto as Exhibit A-4 (Exhibits A-1, A-2, A-3 and A-4, collectively, the “ Lock-Up Agreements ”);

WHEREAS, for United States federal income tax purposes, (i) it is intended that the Merger shall qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “ Code ”), or that the Merger and the Concurrent Financing shall be treated as an integrated transaction that qualifies as an exchange of shares of common stock, par value $0.01 per share of Merger Partner (“ Merger Partner Capital Stock ”) and cash for shares of Public Company Series A Preferred Stock within the meaning of Section 351(a) of the Code (the “ Intended Tax Treatment ”) and (ii) this Agreement shall constitute a “plan of reorganization” within the meaning of Treasury Regulations Sections 1.368-2(g) and 1.368-3(a);

WHEREAS, concurrently with the execution and delivery of this Agreement, certain investors shall have entered into a securities purchase agreement, substantially in the form attached hereto as Exhibit C (the “ Securities Purchase Agreement ”), representing an aggregate commitment of not less than $50,000,000, pursuant to which such investors have agreed to purchase the number of shares of Public Company Series A Preferred Stock set forth therein immediately prior to the Effective Time (the “ Concurrent Financing ”).

<div align='center'>A-1</div>

#### TABLE OF CONTENTS
NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth below, Public Company, Merger Sub and Merger Partner agree as follows:

## ARTICLE I

### THE MERGER
1.1 Effective Time of the Merger . Upon the terms and subject to the conditions set forth in this Agreement, on the Closing Date the parties hereto will cause the Merger to be consummated by executing and filing a certificate of merger (the “ Certificate of Merger ”) in accordance with the relevant provisions of the DGCL. The Merger shall become effective upon the filing of the Certificate of Mer