Company: MACIW
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-074242
Chunk: 5

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 5
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 into financing agreements for senior secured
convertible debt investments into Everli, on terms mutually agreeable to Everli and Melar, for an aggregate amount equal to at least $10,000,000
(the “Bridge Financing”).

Everli
agreed to use its reasonable best efforts during the Interim Period to enter into financing agreements with potential investors, for equity
investments in Everli on terms mutually agreeable to Everli and Melar, in an aggregate amount to be determined by Melar and Everli (a
“ Everli Equity Investment”; and together with the Bridge Financing, and the PIPE Investment, the “Transaction
Financing”).

Everli
agreed to use its reasonable best efforts to deliver to Melar as promptly as reasonably practicable following the date of Merger Agreement,
but in any event no later than November 30, 2025 (the “ GAAP Audit Delivery Date”), its GAAP audited financial
statements for the fiscal years ended December 31, 2023 and December 31, 2024 (the “GAAP Audited Everli Financials”).

Melar
also agreed to use its commercially reasonable efforts to obtain, as promptly as practicable after the date of the Merger Agreement, a
written opinion from a reputable investment bank or valuation expert, reasonably acceptable to Everli, that the consideration provided
by Melar to the Everli shareholders under the Merger Agreement is fair to Melar and its shareholders (the “Fairness Opinion”).

Conditions to Closing

The Merger
Agreement contains customary conditions to Closing, including the following mutual conditions of the parties (unless waived): (i) approval
of the shareholders of Melar; (ii) approval of the shareholders of Everli; (iii) approvals of any required governmental authorities and
completion of any antitrust expiration periods; (iv) procurement of requisite consents; (v) no law or order preventing the Business Combination;
(vi) the Registration Statement having been declared effective by the SEC; (vii) approval of the Melar common stock for listing on Nasdaq;
and (viii) consummation of Domestication.

It shall
also be a mutual closing condition that Melar shall have cash and cash equivalents equal to at least $10,000,000 consisting of (x) funds
remaining in Melar’s trust account (after giving effect to the completion and payment of the redemption of its public shareholders
(the “Closing Redemption”), plus (b)