Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 14

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 14
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 entered into between
Four Leaf, Xiaoyu Dida and Continental Stock Transfer & Trust Company (“CST”) (the “Warrant Assumption
Agreement”). Each Xiaoyu Dida Warrant shall continue to have and be subject to substantially the same terms as were applicable
to such Four Leaf Warrant in effect immediately prior to the Merger 1 Effective Time under the terms of that certain Warrant Agreement,
dated March 16, 2023, by and between Four Leaf and CST, as warrant agent (including any repurchase rights and cashless exercise provisions).
At or prior to the Merger 1 Effective Time, Xiaoyu Dida shall take all corporate action necessary to reserve for future issuance, and
shall maintain such reservation for so long as any of the Xiaoyu Dida Warrants remain outstanding, a sufficient number of Xiaoyu Dida
Class A Ordinary Shares for delivery upon the exercise of Xiaoyu Dida Warrants after the Merger 1 Effective Time.

Representations
and Warranties

The Merger Agreement
contains customary representations and warranties of the parties thereto with respect to, among other things; (a) entity organization,
good standing and qualification; (b) capital structure; (c) authorization to enter into the Merger Agreement; (d) compliance with laws
and permits; (e) financial statements and internal controls; (f) absence of certain changes and undisclosed liabilities; (g) litigation;
(h) labor and employee matters; (i) environmental matters; (j) tax matters; (k) real and personal property; (l) intellectual property;
(m) insurance: (n) material contracts; (o) brokers and finders; (p) trade compliance; and (q) transactions with affiliates.

Covenants

The Merger Agreement
includes customary covenants of the parties with respect to operation of their respective businesses prior to consummation of the Mergers
and efforts to satisfy conditions to consummation of the Mergers. The Merger Agreement also contains additional covenants of the parties,
including, among others, covenants providing for Four Leaf and Xiaoyu Dida to use reasonable best efforts to cooperate in the preparation
of the Registration Statement and Proxy Statement/Prospectus (as each such term is defined in the Merger Agreement) required to be filed
in connection with the Mergers and to obtain all requisite approvals of their respective stockholders including, in the