Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 351

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 351
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oss v. Harbottle and the exceptions thereto) so that a non-controlling shareholder may be permitted to commence a class action against or derivative actions in the name of the company to challenge:

| ● | an act which is illegal or ultra vires with respect to the company and is therefore incapable of ratification by the shareholders;                                          |
| ● | an act which, although not ultra vires, requires authorization by a qualified (or special) majority (that is, more than a simple majority) which has not been obtained; and |
| ● | an act which constitutes a “fraud on the minority” where the wrongdoers are themselves in control of the company.                                                           |

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<div align='center'>SHARES ELIGIBLE FOR FUTURE SALE</div>

Business Combination Merger Consideration Shares

Future Vision will issue 9,520,250 ordinary shares of New VIWO to existing shareholders of VIWO in connection with the Business Combination. All of the ordinary shares of New VIWO issued in connection with the Business Combination are expected to be freely transferable by persons other than by New VIWO’s “affiliates” without restriction or further registration under the Securities Act, subject to any lock-up or other contractual restrictions described below. Sales of substantial amounts of the New VIWO ordinary shares in the public market could adversely affect prevailing market prices of the New VIWO ordinary shares.

Lock-Up Agreement

VIWO shareholders

VIWO Shareholders will enter into a lock up agreement with respect to the Consideration Shares to be received by the VIWO Shareholders after the consummation of the Business Combination.

The lock up agreement provides for a Company performance-based release mechanism:

Two-Year Lock-Up Period

Company Shareholders’ Consideration Shares will be eligible for release after two (2) years from the Effective Time of the Business Combination if VIWO Inc. achieves an audited gross revenue growth of twenty percent (20%) by the end of the first fiscal year and thirty percent (30%) by the end of the second fiscal year, or a compounded growth rate of 24.96% year over year for the two-year period.

Three-Year Lock-Up Period

If the Company fails to achieve the two-year revenue growth, then Company Shareholders’ Consideration Shares will be eligible for release after three (3) years if VIWO Inc. achieves an audited gross revenue growth of 126.2% by the end of the third fiscal year, representing a compounded growth rate