Company: MACIW
Filing Date: 2025-08-05
Form Type: 425
Source: 0001104659-25-074244
Chunk: 13

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 425
Chunk 13
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 Rights Agreement

In connection
with the Closing, Melar and certain of the Everli shareholders who are expected to be Affiliates of Melar immediately after the Closing
will enter into a Registration Rights Agreement (the “Registration Rights Agreement”), pursuant to which such
Everli shareholders will be granted certain registration rights with respect to their shares of Melar common stock received as Merger
Consideration as such terms are defined thereunder, on the terms and subject to the conditions set forth in the Registration Rights Agreement.

A copy of the Form of Registration Rights Agreement is filed as Exhibit 10.4 to this Current Report on Form 8-K and is incorporated herein by reference, and the foregoing description of the Form of Registration Rights Agreement is qualified in its entirety by reference thereto.

Insider Letter Agreement Amendment

Simultaneously or prior to
the Closing, Melar and the Sponsor shall enter into an amendment to the letter agreement, dated June 17, 2024, with the Sponsor and directors
and officers of Melar at the time of its initial public offering, in a form to be mutually agreed (the “Insider Letter Agreement Amendment”), pursuant to which, among other matters, effective as of the Closing, the post-Closing lock-up period applicable
to the Melar Class A common stock issued in exchange for the founder shares held by the Sponsor and such insiders, pursuant to the Merger
Agreement will be reduced from one (1) year to six (6) months (subject to early release upon certain customary specified events), and
pursuant to which Everli will be given third-party beneficiary rights thereunder.

Additional Information and Where to Find It

In
connection with the Business Combination, Melar and Everli intend to file a Registration Statement with the SEC, which will include a
proxy statement to Melar shareholders and a prospectus for the registration of Melar’s securities to be issued in connection with
the Business Combination. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus
and other relevant documents will be mailed to the shareholders of Melar as of a record date to be established for voting on the Business
Combination and will contain important information about the Business Combination and related matters. Shareholders of Melar and other
interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) and any other
relevant documents, because they will contain important information about Melar, Everli and the Business Combination.