Company: WLACW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001493152-25-011863
Chunk: 10

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 Company, dated November 7, 2024 (the “Letter Agreement”),
pursuant to which they have agreed to (i) waive their redemption rights with respect to their (x) Class B ordinary shares of the Company,
par value $0.0001 per share (the “Class B Ordinary Shares,” and together with the Class A Ordinary Shares, the “Ordinary
Shares”), initially purchased by the Sponsor in a private placement prior to the Initial Public Offering (“Founder Shares”)
and (y) Public Shares in connection with the completion of the initial Business Combination or an earlier redemption in connection with
the commencement of the procedures to consummate the initial Business Combination if the Company determines it is desirable to facilitate
the completion of the initial Business Combination; (ii) waive their redemption rights with respect to their Founder Shares and Public
Shares in connection with a shareholder vote to approve an amendment to the Amended and Restated Charter; (iii) waive their rights to
liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete the initial Business
Combination within the Combination Period, although they will be entitled to liquidating distributions from the Trust Account with respect
to any Public Shares they hold if the Company fails to complete the initial Business Combination within the Combination Period and to
liquidating distributions from assets outside the Trust Account; and (iv) vote any Founder Shares held by them and any Public Shares
purchased during or after the Initial Public Offering (including in open market and privately-negotiated transactions) in favor of the
initial Business Combination.

The
Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party (other than the Company’s
independent public accountants) for services rendered or products sold to the Company, or a prospective target business with which the
Company has entered into a written letter of intent, confidentiality or other similar agreement or Business Combination agreement, reduce
the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share
held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Public Share due to reductions
in the value of the Trust Account assets, less income taxes payable, provided that such liability will not apply to any claims by a third
party (other than the Company’s independent public accountants) or prospective target