Company: MACIW
Filing Date: 2025-09-18
Form Type: 425
Source: 0001104659-25-091301
Chunk: 2

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-09-18
Form: 425
Chunk 2
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 Promissory Note (the “First Amendment to Sponsor Note”)
to the Sponsor to amend the Sponsor Note to increase the principal amount to up to $1,250,000.

The issuance of the First
Amendment to Sponsor Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933,
as amended.

A copy of the First Amendment
to Sponsor Note is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference, and the foregoing
description of the First Amendment to Sponsor Note is qualified in its entirety by reference thereto.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.

The
disclosure related to the First Amendment to Sponsor Note that is contained in Item 1.01 of this Current Report on Form 8-K is incorporated
by reference in this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

| Exhibit 
 No.     
 10.1+   
 10.2    |     | Description                                                                                                                         
 First                                                                                                                               
 Amendment to Amended and Restated Secured Promissory Note and Pledge Agreement, dated as of September 12, 2025, by and among Melar  
 Acquisition Corp. I, Everli Global Inc. and a certain stockholder of Everli Global Inc.                                             
 First                                                                                                                               
 Amendment to Amended and Restated Promissory Note, issued on September 12, 2025, by Melar Acquisition Corp. I. to Melar Acquisition 
 Sponsor I LLC.                                                                                                                      |
|:--------|:----|:------------------------------------------------------------------------------------------------------------------------------------|
| 104     |     | Cover                                                                                                                               
 Page Interactive Data File (embedded within the Inline XBRL document).                                                              |

| + | Certain personally identifiable information has been omitted from this exhibit pursuant to Item 601(a)(6) of Regulation S-K. |

<div align='center'>SIGNATURE</div>

Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.

| MELAR ACQUISITION CORP. I |                         |
| By:                       | /s/ Gautam Ivatury      |
| Name:                     | Gautam Ivatury