Company: FVN
Filing Date: 2025-01-07
Form Type: DRS/A
Source: 0001829126-25-000092
Chunk: 313

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-01-07
Form: DRS/A
Chunk 313
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 for their service as members of the VIWO Board.

The board of directors of New VIWO expects to adopt a nonemployee director compensation program (the “Director Compensation Policy”), which will become effective in connection with the completion of the Business Combination. The Director Compensation Policy will be designed to align compensation with New VIWO’s business objectives and the creation of stockholder value, while enabling New VIWO to attract, retain, incentivize and reward non-employee directors who contribute to the long-term success of New VIWO. The Director Compensation Policy is expected to provide for an annual cash retainer for all non-employee directors, in addition to equity grants determined by the compensation committee and reimbursement for reasonable expenses incurred in connection with attending board and committee meetings. The board of New VIWO expects to review non-employee director compensation periodically to ensure that non-employee director compensation remains competitive such that New VIWO is able to recruit and retain qualified non-employee directors. The amount and form of such compensation has not yet been determined.

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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