Company: MACIW
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-074242
Chunk: 6

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 6
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 the gross proceeds from any PIPE Investment from existing Melar investors
or investors participating in a Transaction Financing first introduced by Melar, less (y) (A) any expenses of Melar that remain outstanding
at the Closing, (B) any excise tax due or that will become due as a result of the Closing Redemption and (C) any outstanding expenses
relating to the extension of time for Melar to complete a business combination.

In addition,
unless waived by Everli, the obligations of Everli to consummate the Business Combination are subject to the satisfaction of the following
additional Closing conditions, in addition to the delivery by Melar of customary certificates and other Closing deliverables: (i) the
representations and warranties of Melar being true and correct as of the date of the Closing, except to the extent made as of a particular
date (subject to certain materiality qualifiers); (ii) Melar having performed in all material respects its obligations and complied in
all material respects with its covenants and agreements under the Merger Agreement required to be performed or complied with by it on
or prior to the date of the Closing; and (iii) the absence of any Material Adverse Effect with respect to Melar since the date of the
Merger Agreement which is continuing and uncured.

Unless
waived by Melar, the obligations of Melar and Merger Sub to consummate the Business Combination are subject to the satisfaction of the
following additional Closing conditions, in addition to the delivery by Everli of customary certificates and other Closing deliverables
and ancillary documents: (i) the representations and warranties of Everli being true and correct as of the date of the Closing, except
to the extent made as of a particular date (subject to certain materiality qualifiers); (ii) Everli having performed in all material respects
its obligations and complied in all material respects with its covenants and agreements under the Merger Agreement required to be performed
or complied with or by it on or prior to the date of the Closing; and (iii) the absence of any Material Adverse Effect with respect to
Everli and its subsidiaries since the date of the Merger Agreement which is continuing and uncured.

Termination

The Merger Agreement may be
terminated under certain customary and limited circumstances at any time prior to the Closing, including: (i) by mutual written consent
of Melar and Everli; (ii) by either Melar or Everli, if any of