Company: MACIW
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-074242
Chunk: 10

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 10
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 condition that the Registration Statement have been declared effective by the SEC,
provided that the covenants not to take certain actions to delay, impair or impede the Business Combination as set forth in the Voting
Agreement shall take effect from the date such agreements are executed). The Voting Agreement prevent transfers of the Everli shares held
by the Everli shareholders thereto between the date of the Voting Agreement and the date of Closing, except for certain permitted transfers
where the recipient also agrees to comply with the Voting Agreement.

A copy of the Voting Agreement
is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference, and the foregoing description of
the Voting Agreement is qualified in its entirety by reference thereto.

Lock-Up Agreements

At or prior to the Closing,
Palella Holdings will enter into a Lock-Up Agreement with Melar (collectively, the “Lock-Up Agreements”). Pursuant
to the Lock-Up Agreements, Palella Holdings agreed not to, during the period commencing from the Closing and ending six months after the
Closing (subject to early release if the closing price of shares of Melar common stock equals or exceeds $12.00 per share (as adjusted
for share subdivisions, share consolidations, share capitalizations, stock splits, stock dividends, rights issuances, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30 trading period commencing at least 90 days after the Closing or
Melar consummates a liquidation, merger, share exchange or other similar transaction with an unaffiliated third party after the Closing):
(i) sell, offer to sell, contact or agree to sell, hypothecate, pledge, lend, encumber, donate, assign, grant any option, right or warrant
to purchase, purchase any option or contract to sell, or otherwise dispose of or enter into any agreement to dispose of, directly or indirectly,
or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16
of the Securities Exchange Act of 1934, as amended, and the rules of regulation of the Commission promulgated thereunder, with respect
to any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of such Melar restricted securities, or (iii) publicly disclose the intention to do any of the foregoing,