Company: APAD
Filing Date: 2025-11-28
Form Type: 425
Source: 0001213900-25-115733
Chunk: 5

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-28
Form: 425
Chunk 5
---
 Business Combination Agreement contains additional covenants including, among others (i) the
parties to not initiate any negotiations or enter into any agreements for certain alternative transactions, (ii) Enhanced to provide
inspection rights to A Paradise and its Representatives prior to the Closing, (iii) Enhanced to prepare and deliver to A Paradise
certain audited and unaudited consolidated financial statements of Enhanced and its subsidiaries, (iv) Enhanced to effect conversion
of all outstanding preferred shares of Enhanced into common stock of Enhanced, (v) A Paradise to take certain actions to cause each
Enhanced employee to continue in employment with the surviving corporation following the Closing, (vi) A Paradise to adopt an
incentive equity plan, founder equity plan, and employee stock purchase plan, (vii) A Paradise to cause any documents to be
delivered to the trustee, pay certain amounts out of the trust and subsequently terminate the trust, (viii) A Paradise to ensure
that A Paradise remains listed on the Nasdaq Stock Market and that A Paradise and Enhanced prepare and submit to Nasdaq or NYSE, as
determined by Enhanced, a listing application, (ix) A Paradise to take actions necessary to cause the individuals set forth in the
Company Disclosure Letter to be elected as members of Enhanced Group’s board of directors, (x) the indemnification of the
present and former directors and officers of Enhanced and A Paradise and the purchase of a directors and officers liability
insurance policy, (xi) A Paradise to keep current and timely file reports required to be filed or furnished to the SEC, and (xii) A
Paradise to reasonably cooperate with Enhanced to disclose material events of Enhanced and its subsidiaries, (xiii) in the event of
shareholder litigation, A Paradise to notify Enhanced and to provide Enhanced with the opportunity to participate in such
litigation, (xiv) A Paradise to cause that certain Registration Rights Agreement, dated as of July 29, 2025, by and between A
Paradise, the Sponsor and certain other parties thereto to be terminated, (xv) A Paradise and Enhanced to use commercially
reasonable efforts to obtain necessary approvals from governmental agencies, (xvi) prepare and file a proxy statement/registration
statement with the SEC, (xvii) A Paradise to take certain other actions to obtain the requisite approval of A Paradise shareholders,
(xviii) Enhanced to obtain the approval of its shareholders in accordance with the terms of the governing documents of