Company: MACIW
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-074242
Chunk: 2

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 2
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, distributions or other income on the Escrow Shares (together with the Escrow Shares, the “ Escrow
Property”), in a segregated escrow account (the “ Escrow Account”) for a period commencing on the
Closing and ending on the date that is twenty-four (24) months thereafter (the “ Escrow Release Date”). The Escrow
Property shall be subject to forfeiture upon the occurrence of certain specified events occurring prior to the Escrow Release Date, and
it may be released from the Escrow Account to the Escrowed Seller prior to the Escrow Release Date upon certain conditions as set forth
in the Merger Agreement.

Representations and
Warranties

The Merger
Agreement contains customary representations and warranties made by each of Melar and Everli. Certain of the representations and warranties
are qualified by materiality or Material Adverse Effect, as well as information provided in the disclosure schedules to the Merger Agreement.
As used in the Merger Agreement, “Material Adverse Effect” means, with respect to any specified person or entity,
any fact, event, occurrence, change or effect that has had, or would reasonably be expected to have, individually or in the aggregate,
a material adverse effect upon (i) the business, assets, liabilities, customer relationships, operations, results of operations or condition
(financial or otherwise) of such person or entity and its subsidiaries, taken as a whole, or (ii) the ability of such person or entity
or any of its subsidiaries on a timely basis to consummate the transactions contemplated by the Merger Agreement or the ancillary documents
relating to the Merger Agreement to which it is or is required to be a party or bound or to perform its 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 (