Melar Acquisition, YA Lender agree to pari passu treatment of debt to Everli Global

Melar Acquisition Corp. I/Cayman

Intercreditor Agreement dated May 8, 2026 between Melar Lender, YA Lender, Everli Global, and others.
Melar and YA Lender's indebtedness from Everli ranks equally in payment and security (pari passu).
Principal payments to be shared pro rata between lenders; certain fees and conversions excluded.
If YA Lender funds at least $5M, Melar Lender will transfer pledged collateral to YA as bailee for both lenders.
Agreement coordinates enforcement and bankruptcy rights; relates to pending Melar/Everli business combination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Melar Acquisition Corp. I/Cayman entered into Intercreditor Agreement with YA II PN, Ltd., Everli Global Inc., Salvatore Palella, Palella Holdings LLC (effective 2026-05-08).

Action: entry
Counterparty: YA II PN, Ltd., Everli Global Inc., Salvatore Palella, Palella Holdings LLC
Effective: 2026-05-08

Exact text from the filing

On May 8, 2026, Melar Acquisition Corp. I, a Cayman Islands exempted company (the “Company”), and Melar Capital Group LLC, a New York limited liability company (“Melar Capital”) (collectively and individually, the “Melar Lender”) entered into an Intercreditor Agreement (the “Intercreditor Agreement”) with YA II PN, Ltd., a Cayman Islands exempt limited company (the “YA Lender”), Everli Global Inc., a Nevada corporation, for itself and on behalf of its subsidiaries (collectively, “Everli”), Salvatore Palella, a resident of the State of Connecticut (“Palella”), and Palella Holdings LLC, a Delaware limited liability company (the “Pledging Stockholder”).

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Source: SEC EDGAR

accession 0001213900-26-056615

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