Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 649

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1C
Chunk 649
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urchase rights and cashless exercise provisions). At or prior to the Merger 1 Effective
Time, Xiaoyu Dida shall take all corporate action necessary to reserve for future issuance, and shall maintain such reservation for so
long as any of the Xiaoyu Dida Warrants remain outstanding, a sufficient number of Xiaoyu Dida Class A Ordinary Shares for delivery upon
the exercise of Xiaoyu Dida Warrants after the Merger 1 Effective Time.

The
parties to the Merger Agreement have agreed to customary representations and warranties for transactions of this type. In addition,
the parties to the Merger Agreement agreed to be bound by certain customary covenants for transactions of this type, including,
among others, covenants with respect to the conduct of Xiaoyu Dida, the Company and their respective subsidiaries during the
period between execution of the Merger Agreement and Closing. The representations, warranties, agreements and covenants of the
parties set forth in the Merger Agreement will terminate at Closing, except for those covenants and agreements that, by their terms,
contemplate performance after Closing. Each of the parties to the Merger Agreement has agreed to use its reasonable best efforts to
take or cause to be taken all actions and things necessary to consummate and expeditiously implement the Mergers.

F-11

Under the
Merger Agreement, the obligations of the parties to consummate the Merger are subject to the satisfaction or waiver of certain customary
closing conditions of the respective parties, including, without limitation: (i) receipt of the Company’s stockholder approval and
Xiaoyu Dida stockholder approval; (ii) the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976, as amended; (iii) no provisions of any applicable Law and no Order (each as defined in the Merger Agreement) shall prohibit
or prevent the consummation of the Closing; (iv) all consents, approvals and actions of, filings with and notices to any Governmental
Authority required to consummate the transactions, including without limitation, the CSRC Filing Notice (as defined in the Merger Agreement),
shall have been made or obtained; (v) the effectiveness of the Registration Statement under the Securities Act; (vi) the Company having
at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-