Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 12

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 12
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company and becoming a wholly-owned subsidiary of Xiaoyu Dida (Merger Sub 2, in its capacity as the surviving entity of Merger 2, is referred
to for the periods from and after Merger 2 as the “Merger 2 Surviving Corporation”).

At a meeting of the Board
of Directors of Four Leaf (the “Board”) held on December 17, 2024, the Board: (a) determined that (x) the Merger Agreement,
Merger 1, Merger 2 and the other Transactions (as defined in the Merger Agreement) are fair and advisable to, and in the best interests
of, Four Leaf and its stockholders, and (y) the Transactions constitute a “Business Combination” as such term is defined in
the Four Leaf Charter (as defined below); (b) (i) approved and declared advisable the Merger Agreement and the execution, delivery and
performance thereof, Merger 1, Merger 2 and the other Transactions, and (ii) approved and declared advisable the Merger 1 Certificate
of Merger (as defined in the Merger Agreement), the Merger 2 Certificate of Merger (as defined in the Merger Agreement), the Sponsor Support
Agreement (as defined below), the Registration Rights Agreement (as defined below), the Warrant Assumption Agreement (as defined below),
and each other Additional Agreement (as defined in the Merger Agreement) to which Four Leaf is a party and the execution, delivery and
performance thereof; (c) resolved to recommend the adoption of the Merger Agreement, the Merger 1 Certificate of Merger and the Merger
2 Certificate of Merger by the stockholders of Four Leaf; and (d) directed that the Merger Agreement, the Merger 1 Certificate of Merger
and the Merger 2 Certificate of Merger be submitted to the stockholders of Four Leaf for their approval at special stockholders meeting
to be called and held for such purpose (the “Four Leaf Special Meeting”).

Treatment of Four Leaf Securities

Four Leaf Stock. Immediately
prior to the Merger 1 Effective Time (as defined in the Merger Agreement): (i) each share of Four Leaf’s Class B common stock, par
value $0.0001 (the “Class B Common Stock”) shall be automatically converted into one share of Four Leaf’s Class
A common stock, par value $0.0001 per share