Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 51

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 (C) the other transactions of the Air Water Business Combination, (iii) no adverse law or order that has the effect of
making the transactions contemplated by the Air Water Business Combination Agreement illegal or otherwise prohibiting the
consummation of such transactions, (iv) the expiration of all waiting periods (and any extensions thereof) under the
Hart-Scott-Rodino Act with respect to the Business Combination, (v) approval of the listing of the PubCo Ordinary Shares on the
Nasdaq Stock Market LLC, (vi) the registration statement related to the Air Water Business Combination having become effective (with no stop order having been issued by the SEC which remains in effect and no proceeding seeking such a stop
order having been threatened or initiated by the SEC and not withdrawn),
(vii) the accuracy of the representations and warranties and the performance of the covenants and agreements of each of the parties
to the Air Water Business Combination Agreement, in each case subject to certain qualifiers, (viii) duly executed pay-off
letters certifying certain indebtedness of Air Water and its subsidiaries, as specified in the Air Water Business Combination
Agreement, shall have been paid off, (ix) execution and delivery of the other agreements, instruments,
certificates or documents required to be executed or delivered in connection with or pursuant to the Air Water Business Combination Agreement,
as applicable, (x) with respect to Inflection Point, Inflection Point shall have made all necessary and appropriate arrangements with
the trustee to have all of the funds held in the Trust Account disbursed to Inflection Point in accordance with the Air Water Business
Combination Agreement upon the Closing, and all such funds released from the Trust Account shall be available to PubCo, (xi) no material
adverse effect with respect to either Air Water or Inflection Point shall have occurred which is continuing and (xii) each of Air Water
and Inflection Point shall have delivered a customary closing certificate.

33

Company Support Agreement

Concurrently with the execution of the Air
Water Business Combination Agreement, Inflection Point entered into Company Support Agreements with Air Water, PubCo and the
Supporting Stockholders, pursuant to which each Supporting Stockholder has agreed to, among other things, (a) vote the Air Water
Subject Securities in favor of the Air Water Business Combination Agreement and the transactions contemplated thereby, (b) be bound
by certain other covenants and agreements related to the Air Water Business Combination (c) be bound by certain transfer