Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 557

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 557
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 non-interest bearing, unsecured and is due at the earlier
of (1) September 30, 2024 or (2) the closing of the IPO. The loan will be repaid upon the closing of the IPO out of the offering
proceeds not held in the Trust Account.

For the period from January 30, 2024 (inception)
through March 31, 2024, the Company had borrowed $375,000 under the Promissory Note with the Sponsor for its IPO. Shortly after completion
of the IPO, such amount was fully repaid.

Working Capital Loans

In addition, in order to finance transaction costs
in connection with an intended initial Business Combination, the Sponsor, the Company’s officers and directors may, but are not
obligated to, loan the Company funds as may be required. If the Company completes the initial Business Combination, it intends to repay
such loaned amount at closing. In the event that the initial Business Combination does not close, the Company may use a portion of the
working capital held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for
such repayment. Up to $1,500,000 of such working capital loans (“Working Capital Loans”) made by the Sponsor, the Company’s
officers and directors, or the Company’s or their affiliates to the Company prior to or in connection with its initial Business
Combination may be convertible into units, at a price of $10.00 per unit at the option of the lender, upon consummation of its initial
Business Combination. The units would be identical to the Placement Units.

For the three months ended March 31, 2025 and
for the period from January 30, 2024 (inception) through March 31, 2024, the Company had no borrowings under the Working Capital
Loans.

Administrative Services Arrangement

Commencing on the effective date of the registration
statement of the IPO, the Company has agreed to pay an affiliate of the Sponsor a total of $10,000 per month for office space, utilities
and secretarial and administrative support. Upon completion of its initial Business Combination or its liquidation, the Company will
cease paying these monthly fees. The amount due to related parties is non-interest bearing and due on demand.

For the three months ended March 31, 2025,
the Company has accrued $30,000 for the service provided by the