Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 379

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1A
Chunk 379
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 rejects the opportunity.

We are not prohibited from pursuing an initial business combination
with a company that is affiliated with our Sponsor, officers or directors. In the event we seek to complete our initial business combination
with such a company, we, or a committee of independent directors, would obtain an opinion from an independent investment banking firm
or another independent entity that commonly renders valuation opinions, that such an initial business combination is fair to our company
from a financial point of view.

In the event that we submit our initial business combination to our
public stockholders for a vote, pursuant to the letter agreement, our Sponsor, officers and directors have agreed to vote any Founder
Shares held by them and any public shares purchased during or after the offering (including in open market and privately negotiated transactions)
in favor of our initial business combination.

Limitation on Liability and Indemnification of Officers and Directors

Our Certificate of Incorporation provides that our officers and directors
will be indemnified by us to the fullest extent authorized by Delaware law, as it now exists or may in the future be amended. In addition,
our Certificate of Incorporation provides that our directors will not be personally liable for monetary damages to us or our stockholders
for breaches of their fiduciary duty as directors, unless they violated their duty of loyalty to us or our stockholders, acted in bad
faith, knowingly or intentionally violated the law, authorized unlawful payments of dividends, unlawful stock purchases or unlawful redemptions,
or derived an improper personal benefit from their actions as directors. We will enter into agreements with our officers and directors
to provide contractual indemnification in addition to the indemnification provided for in our Certificate of Incorporation. Our bylaws
also will permit us to secure insurance on behalf of any officer, director or employee for any liability arising out of his or her actions,
regardless of whether Delaware law would permit such indemnification. We will purchase a policy of directors’ and officers’
liability insurance that insures our officers and directors against the cost of defense, settlement or payment of a judgment in some circumstances
and insures us against our obligations to indemnify our officers and directors.

These provisions may discourage stockholders from bringing a lawsuit
against our directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative
litigation against officers and directors, even though such an action, if successful, might otherwise benefit us and our stockholders.
Furthermore, a stockholder’s investment may be adversely affected to