Company: WLACW
Filing Date: 2025-09-19
Form Type: 425
Source: 0001493152-25-014312
Chunk: 3

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-09-19
Form: 425
Chunk 3
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.0001 per share, of Pubco (“Pubco Class A Common Stock”) (the “Earnout Shares”), which may be earned by one of the Sellers, Mr. Karos, based on
the performance of Pubco Class A Common Stock during the three-year period after the Closing (the “Earnout Period”),
as follows: in the event the volume-weighted average price (“VWAP”) of the Pubco Class A Common Stock
equals or exceeds the prices below for any 20 trading days within any consecutive 30 trading days during the Earnout Period, Mr. Karos
shall be entitled to receive the following amount of Earnout Shares: (x) $12.50 per share – 2,625,000 Earnout Shares, (y)
$15.00 per share – 2,625,000 Earnout Shares and (z) $17.50 per share – 2,625,000 Earnout Shares.

Representations and Warranties

The Business Combination Agreement contains representations and warranties reasonably customary for similar transactions, made by the parties as of the date of the Business Combination Agreement or other specified dates, solely for the benefit of certain of the parties to the Business Combination Agreement, and in certain cases are subject to specified exceptions and qualifications, such as materiality, the absence of a Material Adverse Effect (as defined below), knowledge and other exceptions and qualifications contained in the Business Combination Agreement or in information provided pursuant to certain disclosure schedules to the Business Combination Agreement. As used in the Business Combination 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 the business, assets, liabilities, results of operations, prospects or condition (financial or otherwise) of such person or entity and its subsidiaries, taken as a whole, or the ability of such person or entity or any of its subsidiaries on a timely basis to consummate the transactions contemplated by the Business Combination Agreement or the ancillary documents to which it is a party or bound or to perform its obligations thereunder, in each case subject to certain customary exceptions.

No Survival

The representations and warranties
of the parties contained in the Business Combination Agreement will not survive the closing of the Transactions
and there are no indemnification rights for another party’s breach. The covenants and agreements of the parties contained in the
Business Combination Agreement do not