Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 623

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1C
Chunk 623
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. The Working Capital Loans are to be repaid upon the consummation of a business combination,
without interest, or, at the lender’s option, up to $2,000,000 of the outstanding Working Capital Loans are convertible into Private
Placement Warrants at a price of $1.00 per warrant. As of December 31, 2024 and 2023, the Company had $2,000,000 and $272,000, respectively,
of outstanding Working Capital Loans from the Sponsor, included in Convertible note – related party in the accompanying balance
sheets. As of December 31, 2024 and 2023, the Company had $191,100 and $0 respectively, included in Promissory note – related party
in the accompanying balance sheets.

After our initial business combination, members of our management team
who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being fully disclosed
to our stockholders, to the extent then known, in the tender offer or proxy solicitation materials, as applicable, furnished to our stockholders.
It is unlikely the amount of such compensation will be known at the time of distribution of such tender offer materials or at the time
of a stockholder meeting held to consider our initial business combination, as applicable, as it will be up to the directors of the post-combination
business to determine executive and director compensation.

The holders of Founder Shares, Private Placement Warrants and warrants
that may be issued upon conversion of Working Capital Loans, if any (and any shares of common stock issuable upon the exercise of the
Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans and upon conversion of the Founder
Shares), are entitled to certain registration rights pursuant to a registration rights agreement. These holders will be entitled to certain
demand and “piggyback” registration rights. We will bear the expenses incurred in connection with the filing of any such registration
statements.

Related Party Policy

Prior to the consummation of the Initial Public Offering, we adopted
a code of ethics requiring us to avoid, wherever possible, all conflicts of interests, except under guidelines or resolutions approved
by our board of directors (or the appropriate committee of our board of directors) or as disclosed in our public filings with the SEC.
Under our code of ethics, conflict of interest situations will include any financial transaction, arrangement or relationship (including
any indebtedness or guarantee of indebtedness) involving the