Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 127

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 127
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per
share, of Xiaoyu Dida (the “Xiaoyu Dida Class A Ordinary Shares”) (the “Merger Consideration”).

At the Merger
1 Effective Time, each Warrant outstanding immediately prior to the Merger 1 Effective Time shall cease to be a warrant with respect to
the Class A common stock and shall be assumed by Xiaoyu Dida and converted into a Warrant to purchase one Xiaoyu Dida Class A Ordinary
Share (each, a “Xiaoyu Dida Warrant”) pursuant to the terms of a warrant assignment, assumption and amendment agreement to
be entered into between the Company, Xiaoyu Dida and 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 the Company’s Warrants 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 the
Company 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.

The parties
to the Merger Agreement have agreed to customary representations and warranties for transactions of this type. In addition, the parties
to the Merger Agreement agreed to be bound by certain customary covenants for transactions of this type, including, among others, covenants
with respect to the conduct of Xiaoyu Dida, the Company and their respective subsidiaries during the period between execution of the Merger
Agreement and Closing. The representations, warranties, agreements and covenants of the parties set forth in the Merger Agreement will
terminate at Closing, except for those covenants and agreements that, by their terms, contemplate performance after Closing. Each of the
parties to the Merger Agreement has agreed to use its reasonable best efforts to take or cause to be taken all actions and things necessary
to consummate and expeditiously implement the Mergers.

Under the
Merger