Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 327

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 327
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 directors have agreed to waive any right, title, interest or claim of any kind in or to any monies in the trust account, and have agreed to waive any right, title, interest or claim of any kind they may have in the future as a result of, or arising out of, any services provided to us and will not seek recourse against the trust account for any reason whatsoever. Accordingly, any indemnification provided will only be able to be satisfied by us if (i) New VIWO have sufficient funds outside of the trust account or (ii) New VIWO consummate an initial business combination.

New VIWO’s indemnification obligations may discourage shareholders from bringing a lawsuit against New VIWO’s officers or directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against New VIWO’s officers and directors, even though such an action, if successful, might otherwise benefit us and New VIWO’s shareholders. Furthermore, a shareholder’s investment may be adversely affected to the extent New VIWO pay the costs of settlement and damage awards against New VIWO’s officers and directors pursuant to these indemnification provisions.

We believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

We will enter into agreements with New VIWO’s officers and directors to provide contractual indemnification in addition to the indemnification provided for in New VIWO’s amended and restated memorandum and articles of association. New VIWO’s amended and restated memorandum and articles of association will permit us to secure insurance on behalf of any officer, director or employee for any liability arising out of his or her actions, regardless of whether the Companies Act would permit such indemnification.

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We expect to purchase a policy of directors’ and officers’ liability insurance that insures New VIWO’s officers and directors against the cost of defense, settlement or payment of a judgment in some circumstances and insures us against New VIWO’s obligations to indemnify New VIWO’s officers and directors. New VIWO’s officers and directors have agreed to waive any right, title, interest or claim of any kind in or to any monies in the trust account, and have agreed to waive any right, title, interest or claim of any kind they may have in the future as a result of, or arising out of, any services provided to us and will not seek recourse against the trust account for any reason whatsoever (except to the extent they are