Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 255

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 255
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 waiver if management
believes that such third party’s engagement would be significantly more beneficial to us than any alternative. Adeptus Partners,
LLC (“Adeptus”), our independent registered accounting firm, would not
execute agreements with us waiving such claims to the monies held in the Trust Account. 

Examples of possible instances where we may engage a third party that
refuses to execute a waiver include the engagement of a third party consultant whose particular expertise or skills are believed by management
to be significantly superior to those of other consultants that would agree to execute a waiver or in cases where management is unable
to find a service provider willing to execute a waiver. In addition, there is no guarantee that such entities will agree to waive any
claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with us and will not seek
recourse against the trust account for any reason. Upon redemption of our public shares, if we are unable to complete our initial business
combination within the prescribed time frame, or upon the exercise of a redemption right in connection with our initial business combination,
we will be required to provide for payment of claims of creditors that were not waived that may be brought against us within the 10 years
following redemption. Accordingly, the per-share redemption amount received by public stockholders could be less than the $11.25 per share
currently held in the trust account, due to claims of such creditors. Pursuant to the letter agreement, the form of which was filed as
an exhibit to the registration statement in connection with our Initial Public Offering, our Sponsor agreed that it will be liable to
us if and to the extent any claims by a third party for services rendered or products sold to us, or a prospective target business with
which we have entered into a written letter of intent, confidentiality or similar agreement or business combination agreement, reduce
the amount of funds in the trust account to below the lesser of: (i) $11.25 per public share; and (ii) the actual amount per public share
held in the trust account as of the date of the liquidation of the trust account, if less than $11.25 per share due to reductions in the
value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective
target business who executed a waiver of any and all rights to the monies held in the trust account (whether or not such waiver