Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 199

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 199
---
 an exclusivity period of 30 days within
which to execute a definitive agreement, subject to extensions upon both parties’ prior consents.

On November 26, 2024, a draft merger agreement was prepared by Future Vision’s legal counsel and provided to VIWO and its legal counsel for discussion. The draft Merger Agreement substantially reflects the terms of the LOI, including a valuation of $100 million for VIWO. In addition, Future Vision proposed that VIWO should complete and deliver its audited financial statements required for the proxy statement for the proposed Business Combination by a certain date.

<div align='center'>112</div>

In the next few days, Future Vision and its legal counsels conducted a series of conference calls among Future Vision, VIWO and its legal counsels, discussing and exchanging the parties’ comments to the draft Merger Agreement, including VIWO’s comments on the valuation calculation, and other related matters. During the same period, Future Vision also had internal discussions regarding these issues and other open business issues in the draft Merger Agreement. And the management of Future Vision, its advisor and legal counsels, the management of VIWO and its legal counsels discussed certain terms of the draft of Merger Agreement through a series of emails and conference calls.

During the negotiation of the Merger Agreement, Future Vision’s legal counsels also had several conference calls with VIWO’s legal counsels, discussing VIWO’s legal comments on the draft Merger Agreement. As a result of these discussions, VIWO agreed to include limited representations regarding the projection and representations regarding full disclosure. Future Vision agreed to reduce the survival period for VIWO’s representations and warranties and to make revisions to certain representations and warranties and covenants of VIWO and certain closing conditions, as mutually agreed by the parties.

On November 26, 2024, Future Vision’s legal counsel provided a revised draft of the Merger Agreement to VIWO and its legal counsels for review. The revised draft Merger Agreement reflected the above discussions and negotiations between Future Vision and VIWO.

On November 28, 2024, upon the approval of the board of directors of Future Vision and VIWO, the parties entered into the Merger Agreement.

On November 29, 2024, the management of Future Vision, Future Vision’s advisor and the management of VIWO held a conference call to discuss the plans on periodical communications of the status, updates and progress of the proposed merger under the Merger Agreement.

On