Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 145

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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,000.

Investment
Management Trust Agreement

On
March 28, 2023, in connection with the Initial Public Offering, we entered into an agreement with Continental Stock Transfer & Trust
Company (“Trustee”). The Trustee agreed to manage, supervise and administer the Trust Account subject to the terms and conditions
set forth in the agreement and in a timely manner, upon the written instruction of the Company, invest and reinvest the Property
in United States government securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having
a maturity of 185 days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule
2a-7 promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government
treasury obligations, as determined by us; the Trustee may not invest in any other securities or assets, it being understood that the
Trust Account will earn no interest while account funds are uninvested awaiting our instructions hereunder; and while account funds are
invested or uninvested, the Trustee may earn bank credits or other consideration. We agreed to give all instructions to the Trustee in
writing, signed by the Chairman of the Board, Chief Executive Officer, Chief Financial Officer or Secretary. In addition, the Trustee
shall be entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it, in good
faith and with reasonable care, believes to be given by any one of the persons authorized to give written instructions, provided that
we shall promptly confirm such instructions in writing. We will Pay the Trustee the fees set forth in the agreement, including an initial
acceptance fee, annual administration fee, and transaction processing fee which fees shall be subject to modification by the parties
from time to time.

27

In
connection with the Annual Meeting held on September 26, 2024, the Company amended its investment management trust agreement, dated as
of March 28, 2023, by and between the Company and Continental Stock Transfer & Trust Company, to allow the Company to extend the
date by which the Company must consummate a business combination up to twelve times, each such extension for an additional one month
period, until September