Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 267

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 267
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Policy for Approval of Related Party Transactions

The audit committee of our board of directors will
adopt a policy setting forth the policies and procedures for its review and approval or ratification of “related party transactions.”
A “related party transaction” is any consummated or proposed transaction or series of transactions: (i) in which the
company was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected to exceed) the lesser of $120,000
or 1% of the average of the company’s total assets at year-end for the prior two completed fiscal years in the aggregate over
the duration of the transaction (without regard to profit or loss); and (iii) in which a “related party” had, has or
will have a direct or indirect material interest. “Related parties” under this policy will include: (i) our directors,
nominees for director or officers or any person who has served in such roles since the beginning of the most recent fiscal year, even
if he or she does not currently serve in that role; (ii) any record or beneficial owner of more than 5% of any class of our voting
securities; (iii) any immediate family member of any of the foregoing if the foregoing person is a natural person; and (iv) any
other person who maybe a “related person” pursuant to Item 404 of Regulation S-K under the Exchange Act. Pursuant
to the policy, the audit committee will consider (i) the relevant facts and circumstances of each related party transaction, including
if the transaction is on terms comparable to those that could be obtained in arm’s-length dealings with an unrelated third party,
(ii) the extent of the related party’s interest in the transaction, (iii) whether the transaction contravenes our code
of ethics or other policies, (iv) whether the audit committee believes the relationship underlying the transaction to be in the best
interests of the company and its shareholders and (v) if the related party is a director or an immediate family member of a director,
the effect that the transaction may have on a director’s status as an independent member of the board and on his or her eligibility
to serve on the board’s committees. Management will present to the audit committee each proposed related party transaction, including
all relevant facts and circumstances relating thereto. Under the policy, we may consummate related party transactions only if our audit
committee