Company: MACIW
Filing Date: 2025-08-05
Form Type: 425
Source: 0001104659-25-074244
Chunk: 4

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 425
Chunk 4
---
 obligations thereunder, subject
to subject to customary exceptions with respect to clause (i) above.

No Survival

The representations
and warranties of the parties contained in the Merger Agreement terminate and expire as of, and do not survive, the Closing, and there
are no indemnification rights for another party’s breach. The covenants and agreements of the parties contained in the Merger Agreement
terminate and expire as of, and do not survive, the Closing, except (i) those covenants and agreements that by their terms expressly contemplate
performance in whole or in part after the Closing, which covenants and agreements will survive the Closing until fully performed in accordance
with their terms, and then only with respect to any breaches occurring after the Closing, and (ii) the trust waiver and miscellaneous
provisions of the Merger Agreement, including the specific indemnification provided by Everli for certain identified matters, which are
secured by the Escrow Shares.

Covenants of the Parties

Each party agreed in the Merger Agreement
to use its commercially reasonable efforts to effect the Closing. The Merger Agreement also contains certain customary covenants by each
of the parties during the period between the signing of the Merger Agreement and the earlier of the Closing or the termination of the
Merger Agreement in accordance with its terms (the “Interim Period”), including those relating to: (i) the provision
of access to their properties, books and personnel; (ii) the operation of their respective businesses in the ordinary course of business;
(iii) the provision of financial statements by Everli to Melar; (iv) Melar’s public filings; (v) no insider trading; (vi) notifications
of certain breaches, consent requirements or other matters; (vii) efforts to consummate the Closing; (viii) tax matters; (ix) further
assurances; (x) public announcements; and (xii) confidentiality. Each party also agreed during the Interim Period not to solicit or enter
into any inquiry, proposal or offer, or any indication of interest in making an offer or proposal for an alternative competing transactions,
to notify the others as promptly as practicable in writing of the receipt of any inquiries, proposals or offers, requests for information
or requests relating to an alternative competing transaction or any requests for non-public information relating to such transaction,
and to keep the other party informed of the status of any such inquiries, proposals, offers or requests for information.

The Mer