Company: FORL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045609
Chunk: 46

Company: Four Leaf Acquisition Corp
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 in effect immediately prior to
the Merger 1 Effective Time under the terms of that certain Warrant Agreement, dated March 16, 2023, by and between the Company and
CST, as warrant agent (including any repurchase 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.

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