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

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 8
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 liability to any other
party thereto except for liability for fraud or for willful breach of any covenant, obligation or agreement in the Merger Agreement prior
to termination.

In the
event of a termination of the Merger Agreement as a result of a material breach by either party, the breaching party will be required
to pay a termination fee of $1,500,000 to the non-breaching party. Melar may elect to satisfy its obligation to pay such termination fee,
in whole or in part, through the transfer of shares of Melar Class A common stock (valued at $10.00 per share) and Melar private placement
warrants (valued at $1.00 per warrant) held by the Sponsor.

Trust Account Waiver

Everli
and the Escrowed Seller each agreed that they and their affiliates will not have any right, title, interest or claim of any kind in or
to any monies in Melar’s trust account held for its public shareholders, and agreed not to, and waived any right to, make any claim
against the trust account (including any distributions therefrom) other than in connection with the Closing.

SPAC Representative

The Sponsor
is serving as the SPAC Representative under the Merger Agreement, and in such capacity will represent the interests of Melar’s shareholders
(other than the Escrowed Seller) and their respective successors and assignees after the Closing with respect to the Merger Agreement
and certain Ancillary Documents following the Closing.

Governing Law

The Merger
Agreement is governed by the laws of the State of New York and the parties are subject to exclusive jurisdiction of federal and state
courts located in the State of New York (and any appellate courts thereof).

A
copy of the Merger Agreement is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference, and the
foregoing description of the Merger Agreement is qualified in its entirety by reference thereto.

The
Merger Agreement contains representations, warranties and covenants that the respective parties made to each other as of the date of such
agreement or other specific dates. The assertions embodied in those representations, warranties and covenants were made for purposes of
the contract among the respective parties and are subject to important qualifications and limitations agreed to by the parties in connection
with negotiating such agreement. The Merger Agreement has been filed with this Current Report on Form 8-K in order to