Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 233

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 233
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 the compensation committee of any entity that has one or more executive officers serving on our board of directors.

Clawback Policy

We will adopt a compensation recovery policy that is compliant with Nasdaq listing rules as required by the Dodd-Frank Act.

Code of Ethics

Prior to the consummation of this offering, we will
have adopted a Code of Ethics applicable to our directors, officers and employees. We will file a copy of our Code of Ethics as an exhibit
to the registration statement of which this prospectus is a part. You will be able to review this document by accessing our public filings
at the SEC’s website at www.sec.gov. In addition, a copy of the Code of Ethics and the charters of the committees of our
board of directors will be provided without charge upon request from us. See the section of this prospectus entitled “Where You Can Find Additional Information.” If we make any amendments to our Code of Ethics other than technical, administrative or other
non-substantive amendments, or grant any waiver, including any implicit waiver, from a provision of the Code of Ethics applicable to our
principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions
requiring disclosure under applicable SEC or Nasdaq rules, we will disclose the nature of such amendment or waiver on our website. The
information included on our website is not incorporated by reference into this Form S-1 or in any other report or document we file
with the SEC, and any references to our website are intended to be inactive textual references only.

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Management Conflicts of Interest

Under Cayman Islands law, directors and officers owe the following fiduciary duties:

| ● | duty to act in good faith in what the director or officer believes to be in the best interests 
 of the company as a whole;                                                                     |

| ● | duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose; |

| ● | duty to not improperly fetter the exercise of future discretion; |

| ● | duty to exercise authority for the purpose for which it is conferred and a duty to exercise powers fairly as between different sections of shareholders; |

| ● | duty not to put themselves in a position in which there is a conflict between their duty to the company and their personal interests; and |

| ● | duty to exercise independent judgment. |

In addition to the above, directors also owe a duty of care which is not fiduciary in