Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 196

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 196
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 the failures to perform any covenant or agreement, as applicable, is (or are) not cured or cannot be cured within the earlier of (i) thirty (30) days after written notice thereof is delivered to Atlantic International by Staffing 360 and (ii) the Termination Date; provided, however, that Staffing 360 is then not in breach of the Merger Agreement so as to prevent any of the mutual conditions to closing and/or Atlantic International conditions to closing from being satisfied. Effect of Termination Subject to certain exceptions set forth in the Merger Agreement, in the event of the termination of the Merger Agreement as described above, the Merger Agreement will become void and there will be no liability or obligation on the part of any party thereto or any of their respective directors, officers, managers, employees, agents, consultants, advisors, accountants, financial advisors, legal counsel or other representative of that party. Amendment The Merger Agreement may not be amended, supplemented, or otherwise modified except by a written agreement executed by the parties thereto. 110 THE ANCILLARY AGREEMENTS The following section sets forth the principal terms of the ancillary agreements. The rights and obligations of the parties to the respective ancillary agreements are governed by their express terms and conditions and not by this section, which is summary in nature. This section is not complete and is qualified in its entirety by reference to the complete text of the respective ancillary agreements. Capitalized terms used in this section and not defined have the meaning ascribed to such terms in the applicable ancillary agreement attached in the Annexes hereto. Lock-up Agreements Lock-Up Agreements with Senior Management of Staffing 360 The executive officers of Staffing 360 have agreed that, subject to certain exceptions, into, without the prior written consent of both Atlantic International for a period of six (6) months after the closing of the Merger: (i) offer, pledge, sell, contract to sell, grant, lend or otherwise transfer or dispose of, directly or indirectly, any shares of Atlantic International common stock or any securities convertible into or exercisable or exchangeable for Atlantic International common stock; (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of Atlantic International common stock; or (iii) make any demand for or exercise any right with respect to the registration of any Atlantic International common stock or any security convertible into or exercisable or exchangeable for Atlantic International common stock,