Melar Acquisition amends notes to provide up to $1M each to Everli and from sponsor for merger costs

Melar Acquisition Corp. I/Cayman

• Amended Everli Note increased borrowing cap from $300k to $1M (incl. 10% OID); initial balance $323,434.30.
• Amended Sponsor Note increased to $1M (incl. 10% OID) from sponsor, unsecured, due upon Everli note repayment.
• Proceeds used solely for transaction expenses under July 30, 2025 Merger Agreement or general corporate purposes with consent.
• Interest rate 17.5% compounded annually; maturity tied to merger close, Merger Agreement termination, or receipt of $5M bridge financing.