Company: APAD
Filing Date: 2025-11-28
Form Type: 425
Source: 0001213900-25-115733
Chunk: 4

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-28
Form: 425
Chunk 4
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 been obtained and expiration of any applicable waiting periods, including those under the Hart-Scott-Rodino
Antitrust Improvements Act (the “HSR Act”), (iv) the absence of any governmental order enacted, issued, promulgated, enforced,
or entered by any governmental authority which has become final and non-appealable and has the effect of making consummation of the Mergers
illegal or otherwise preventing or prohibiting consummation of the Mergers, (v) receipt of approval for listing on the Nasdaq Stock Market
(or NYSE, as applicable) the shares of Domesticated Acquiror Class A Common Stock to be issued in connection with the Mergers, and (vi)
the Acquiror Domestication has been completed.

Other conditions to A Paradise’s and Merger Sub’s obligations
to consummate the Mergers include (i) that the representations and warranties of Enhanced are true and correct, generally
subject to an absence of inaccuracies that would constitute a material adverse effect, (ii) each of the covenants of Enhanced to be performed
on or prior to the Closing has been performed in all material respects, (iii) there has not occurred a material adverse effect on Enhanced
that is continuing, (iv) receipt of certain signed certificates from Enhanced, and (v) delivery of a counterparty of each of the ancillary
agreements to which Enhanced or any of its affiliates is a party.

Other conditions to Enhanced’s obligations to consummate the
Mergers include that (i) the representations and warranties of A Paradise are true and correct, generally subject to an
absence of inaccuracies that would constitute a material adverse effect, (ii) each of the covenants to be performed by A Paradise on or
prior to the Closing has been performed in all material respects, (iii) receipt of certain signed certificates from A Paradise, (iv) delivery
of a counterpart of each of the ancillary documents to which A Paradise or any of its affiliates is or will be a party and (v) the private
placement investment has resulted in proceeds to Enhanced of at least $40,000,000.

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Covenants

The Business Combination Agreement contains
covenants providing for the parties to conduct their respective businesses in the ordinary course through the Closing and to refrain
from taking or authorizing certain actions through the Closing, subject to specified exceptions and qualifications contained in the
Business Combination Agreement. The