Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 328

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 328
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 entitled to funds from the trust account due to their ownership of public shares). Accordingly, any indemnification provided will only be able to be satisfied by us if (i) New VIWO have sufficient funds outside of the trust account or (ii) New VIWO complete an initial business combination.

New VIWO’s indemnification obligations may discourage shareholders from bringing a lawsuit against New VIWO’s officers or directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against New VIWO’s officers and directors, even though such an action, if successful, might otherwise benefit us and New VIWO’s shareholders. Furthermore, a shareholder’s investment may be adversely affected to the extent New VIWO pay the costs of settlement and damage awards against New VIWO’s officers and directors pursuant to these indemnification provisions.

We believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

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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 certain demand and piggyback registration rights