Company: APAD
Filing Date: 2025-11-28
Form Type: 425
Source: 0001213900-25-115733
Chunk: 8

Company: AParadise Acquisition Corp.
Filing Date: 2025-11-28
Form: 425
Chunk 8
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 A Paradise Shareholder”). Under
the A Paradise Holder Support Agreement, the Major A Paradise Shareholder agrees that, among other things, (i) the Major A Paradise
Shareholder will not to sell or transfer their shares until the earlier to occur of the Second Effective Time and the termination of the
Business Combination Agreement, and (ii) that at any meeting of the shareholders and in any action by written consent of the shareholders,
the Major A Paradise Shareholder will vote all of its shares for the Business Combination and related transactions.

A copy of the A Paradise
Holder Support Agreement is filed with this Current Report on Form 8-K as Exhibit 10.1, and is incorporated herein by reference, and
the foregoing description of the A Paradise Holder Support Agreement is qualified in its entirety by reference thereto.

Enhanced Holders Support Agreement

In connection with the execution of the Business
Combination Agreement, A Paradise entered into the Enhanced holders support agreement (the “Enhanced Holder Support Agreement”),
dated as of November 26, 2025, among certain shareholders of Enhanced (the “Major Enhanced Stockholders”). Under the
Enhanced Holder Support Agreement, the Major Enhanced Stockholders agree, among other things, not to sell or transfer their shares until
the earlier to occur of the Second Effective Time and the termination of the Business Combination Agreement, and that at any meeting of
the shareholders and in any action by written consent of the shareholders, such Major Enhanced Stockholders will vote all of their shares
for the Business Combination and related transactions.

A copy of the Enhanced
Holder Support Agreement is filed with this Current Report on Form 8-K as Exhibit 10.2, and is incorporated herein by reference, and
the foregoing description of the Enhanced Holder Support Agreement is qualified in its entirety by reference thereto.

Sponsor Equity Agreement

In connection with
the execution of the Business Combination Agreement, Apeiron Investment Group Limited (“Apeiron”) and A SPAC IV
(Holdings) Corp. (the “Sponsor”) entered into a sponsor equity agreement (the “Sponsor Equity Agreement”),
dated as of November 26, 2025. Pursuant to the Sponsor Equity Agreement, subject to the closing of the Business Combination, (i)
Apeiron granted the Sponsor an option to require Apeiron to purchase up to 100%, and the Sponsor granted Apeiron an option to purchase, up to
100%, but no less than 78%, of the equity securities then held by