Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 489

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1B
Chunk 489
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 to be paid to our officers will be determined, or recommended
to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority
of the independent directors on our board of directors.

We do not intend to take any action to ensure that members of our management
team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or
all of our officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination.
The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s
motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after
the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business
combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment.

Committees of the Board of Directors

Our board of directors has two standing committees: an audit committee
and a compensation committee. Subject to phase-in rules and a limited exception, Nasdaq rules and Rule 10A-3 of the Exchange Act require
that the audit committee of a listed company be comprised solely of independent directors, and Nasdaq rules require that the compensation
committee of a listed company be comprised solely of independent directors.

Audit Committee

We have established an audit committee of the board of directors, which
consists of Messrs. Markscheid and Mewawalla. Mr. Markscheid chairs the audit committee. Under the Nasdaq listing standards and applicable
SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent. Each of Messrs. Markscheid
and Mewawalla meet the independent director standard under Nasdaq listing standards and under Rule 10-A-3(b)(1) of the Exchange Act. 

Each member of the audit committee is financially literate and our
board of directors has determined that each of Messrs. Markscheid and Mewawalla each qualifies as an “audit committee financial
expert” as defined in applicable SEC rules.

83

We have adopted an audit committee charter, which details the principal
functions of the audit committee, including:

●the appointment, compensation, retention, replacement, and
oversight of the work of the independent registered public accounting firm engaged by us;

●pre-appro