Company: MACIW
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-074242
Chunk: 7

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 7
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 the conditions to Closing have not been satisfied or waived by March 31,
2026 (with such date being automatically extended in the event Melar obtains an extension of the deadline by which it must complete its
business combination pursuant to its organizational documents); (iii) by either Melar or Everli, if a governmental authority of competent
jurisdiction has issued an order or taken any other action permanently restraining, enjoining or otherwise prohibiting the Business Combination,
and such order or other action has become final and non-appealable; (iv) by either Melar or Everli in the event of the other party’s
uncured breach, if such breach would result in the failure of the related Closing condition (and so long as the terminating party is not
in breach under the Merger Agreement so as to prevent the conditions to Closing to be satisfied); (v) by Melar if there has been a Material
Adverse Effect on Everli and its subsidiaries following the date of the Merger Agreement, which is uncured and continuing; (vi) by either
Melar or Everli, if Melar holds the extraordinary general meeting of its shareholders to approve the Merger Agreement and the Business
Combination, and the required shareholder approval is not obtained; (vii) by either Melar or Everli, if Everli holds its special meeting,
and the required Everli shareholder approval is not obtained; (viii) by Melar, if Everli has not delivered the GAAP Audited Everli Financials
to Melar on or before November 30, 2025 or if the GAAP Audited Everli Financials show less than $15,000,000 in net revenue for Everli’s
fiscal year ended December 31, 2024; (ix) by Melar, if Melar has not obtained the obtained the required Fairness Opinion within 30 days
after the date of the Merger Agreement; and (x) by Everli, if Everli has not procured at least $10,000,000 in Bridge Financing on or prior
to September 30, 2025.

If the
Merger Agreement is terminated, subject to the payment of a termination fee, if applicable, all further obligations of the parties under
the Merger Agreement (except for certain obligations related to publicity, confidentiality, fees and expenses, trust fund waiver, no recourse,
termination and general provisions) will terminate, and no party to the Merger Agreement will have any further