Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 340

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 340
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 to the extent New VIWO pay the costs of settlement and damage awards against New VIWO’s officers and directors pursuant to these indemnification provisions.

We believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

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<div align='center'>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</div>

Certain Transactions of Future Vision

On February 22, 2024, Future Vision issued an unsecured promissory note to Sponsor, pursuant to which Future Vision was eligible to borrow up to an aggregate principal amount of $500,000, without interest, to be used for a portion of the expenses of the IPO. As of the date of the IPO, Future Vision borrowed $375,000 which was paid back.

On February 27, 2024, our Sponsor paid an aggregate of $25,000, or approximately $0.017 per share, in connection with the subscription by it for 1,437,500 founder shares, par value $0.0001. The number of founder shares issued was determined based on the expectation that such founder shares would represent approximately 20% of the outstanding shares upon completion of the IPO (excluding the placement units and underlying securities).

On September 13, 2024, we closed a private placement of an aggregate of 299,000 units at a price of $10.00 per placement unit, generating gross proceeds of $2,990,000. The placement units are identical to the units sold in the Future Vision IPO, except that our Sponsor agreed not to transfer, assign or sell any of the placement units or underlying securities until 30 days following the completion of the Company’s initial business combination. The Sponsor was granted certain demand and piggyback registration rights in connection with the purchase of the placement units. The placement units were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the transactions did not involve a public offering.

There are no redemption rights or liquidating distributions from the trust account with respect to the founder shares or placement shares, which will expire worthless if we do not consummate a business combination within the allotted 24-month period (plus up to six one month extensions of time, as discussed in this prospectus).

We have agreed to pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of our initial business combination