Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 243

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 243
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 other expenditures with respect to property, plant or equipment or (ii) other material expenses in excess of $1,000,000 in the aggregate; |

| • | make any changes in accounting methods, principles or practices, except insofar as may have been required by a change in GAAP or, except as so required, change any assumption underlying or method of calculating, any bad debt, contingency or other reserve; |

| • | except for terminations as a result of the expiration of any contract that expires in accordance with its terms, (i) modify or amend in any material respect, or terminate, any material contact or agreement to which LNHC or any of its subsidiaries is a party or (ii) knowingly waive, release or assign any material rights or claims (including any write-off or other compromise of any accounts receivable of LNHC’s subsidiaries); |

| • | delay or fail to pay accounts payable and other obligations when due; |

| • | (i) enter into any contract or agreement, including those relating to the rendering of services or the distribution, sale or marketing by third parties of the products or products licensed by LNHC or any of its subsidiaries or (ii) license any intellectual property rights to or from any third party; |

| • | open or close any facility or office; |

| • | make, change or revoke any material tax election (other than elections made in the ordinary course of business), change an annual accounting period in respect of material taxes, enter into any closing agreement in respect of material taxes, waive or extend any statute of limitations with respect to material taxes (other than any automatic extension granted in the ordinary course of business and consistent with past custom and practice of LNHC), settle or compromise any material tax liability, claim or assessment, knowingly surrender any right to claim a refund of material taxes, or amend any income or other material tax return; or |

| • | authorize any of, or commit or agree, in writing or otherwise, to take any of, the foregoing actions or any action that would reasonably be expected to, individually or in the aggregate, (i) make any representation or warranty of LNHC in the Merger Agreement untrue or incorrect, or (ii) impair, delay or prevent the satisfaction of any conditions to obligations of the parties to effect the Merger. |

Non-Solicitation Each of Channel and LNHC have agreed that, except as described below, Channel and LNHC and any of their respective subsidiaries will not, and each party will cause their respective directors,