Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 251

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 251
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 or occurred at or prior to the Effective Time (including in connection with the Merger Agreement or the Merger). Additional Agreements Each of Channel and LNHC has agreed to use reasonable best efforts to:

| • | take, or cause to be taken, all actions, and do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to consummate and make effective the transactions contemplated by the Merger Agreement as promptly as practicable; |

| • | as promptly as practicable, obtain from any governmental entity or any other third party any consents, licenses, permits, waivers, approvals, authorizations, or orders required to be obtained or made by Channel or LNHC or any of their subsidiaries in connection with the authorization, execution and delivery of the Merger Agreement and the consummation of the transactions contemplated by the Merger Agreement; |

| • | as promptly as practicable, make all necessary filings, and thereafter make any other required submissions, with respect to the Merger Agreement and the Merger required under (a) the Securities Act and the Exchange Act, and any other applicable federal or state securities laws and (b) any other applicable laws; |

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| • | execute or deliver any additional instruments necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, the Merger Agreement; |

| • | give (or shall cause their respective subsidiaries to give) any notices to third parties, and use, and cause their respective Subsidiaries to use, their reasonable best efforts to obtain any third party consents related to or required in connection with the Merger that are (i) necessary to consummate the transactions contemplated thereby, (ii) disclosed or required to be disclosed in the LNHC disclosure schedule or the Channel disclosure schedule, as the case may be, or (iii) required to prevent the occurrence of an event that may have a material adverse effect on LNHC or a material adverse effect on Channel, as the case may be, from occurring prior to or after the Effective Time. Notwithstanding the foregoing, upon request of LNHC, Channel will provide a guaranty of any LNHC leases requested by a lessor thereunder to the extent such guaranty is conditioned on the occurrence of the closing of the Merger and effective at or after the Effective Time; and |

| • | Subject to the terms hereof, Channel and LNHC shall, and shall cause