Company: BACC
Filing Date: 2025-11-19
Form Type: 425
Source: 0001185185-25-001807
Chunk: 7

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-19
Form: 425
Chunk 7
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 is or is required to be a party or bound and
the consummation of the transactions contemplated thereby (the “Company Stockholder Approval”) and to take all
other actions necessary or advisable to secure the Company Stockholder Approval, including enforcing the Company Support Agreements (as
described below). At the request of Blue, Blockfusion shall make the members of its management reasonably available to participate in
management presentations, “road shows,” rating agency presentations, meetings with financing sources and similar events in
connection with obtaining the approval of Blue shareholders, any “share recycling” efforts by Blue and the obtaining of any
debt or equity financing, ratings or governmental or other third-party approvals.

The parties shall take all
action necessary so that, effective at the Closing, the post-Closing board of directors of Pubco will consist of seven (7) individuals,
two (2) of whose members will be designated by Blue (at least one (1) of whom shall be an independent director in accordance with the
requirements of The Nasdaq Stock Market LLC (“Nasdaq”)), four (4) of whose members will be designated by Blockfusion
(at least two (2) of whom shall be an independent director in accordance with the requirements of Nasdaq), and one (1) additional member
(who shall be an independent director in accordance with the requirements of Nasdaq) to be mutually agreed upon by Blue and Blockfusion
prior to the Closing. The parties shall also take all action necessary so that the individuals serving as the chief executive officer
and chief financial officer (or such equivalent role whose duties include those of the principal accounting officer), respectively, of
Pubco immediately after the Closing will be the same individuals (in the same office) as that of Blockfusion immediately prior to the
Closing (unless, at its sole discretion, Blockfusion desires to appoint another qualified person to either such role, in which case, such
other person(s) identified by Blockfusion shall serve in such role or roles).

During the Interim Period,
Blue and Blockfusion shall use reasonable best efforts to enter into written agreements for Transaction Financings with an aggregate proceeds
of at least $100 million (on such terms and structuring and using such strategy, placement agents and approach, as Blue and Blockfusion
shall mutually agree). “Transaction Financing” means a capital raising transaction in connection with the Transactions
structured as one or a combination of common equity, preferred equity, convertible equity or debt, non-redemption or backstop arrangements