Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 668

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1C
Chunk 668
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 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. 

Administrative
Support Agreement 

On March 22, 2023, the Company entered into the
administrative support agreement under which it pays the Sponsor a total of $10,000 per month, up until the completion of the Company’s
initial business combination or liquidation, for secretarial and administrative services. The Company’s expenses related to the
administrative support agreement were $120,000 and $90,000 for the years ended December 31, 2024 and 2023, respectively. Upon completion
of the initial business combination or the Company’s liquidation, the Company will cease paying these monthly fees. As of December
31, 2024 and 2023, $182,180 and $62,180, respectively, of amounts due to the Sponsor under the Administrative Support Agreement remain
unpaid, and are included in Due to Related Party on the Company’s balance sheets.

F-21

NOTE
6 - COMMITMENTS AND CONTINGENCIES 

Registration
Rights 

The
holders of the Founder Shares, Private Placement Warrants, warrants that may be issued upon conversion of up to $2,000,000 of
Working Capital Loans (see Note 5), any shares of Class A common stock issuable upon the exercise of the Private Placement
Warrants and Class A common stock issuable upon conversion of the Founder Shares, are entitled to registration rights pursuant to a
registration rights agreement signed at the effective date of the IPO, requiring the Company to register such securities for resale
(in the case of the Founder Shares, only after conversion to Class A common stock). The holders of the majority of these securities
are entitled to make up to three demands, excluding short form demands that the Company register such securities. In addition, the
holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the
completion of the initial business combination and rights to require us to register for resale such securities pursuant to Rule 415
under the Securities Act. The registration rights agreement does not contain liquidated damages or other cash settlement provisions