Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 1031

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9B
Chunk 1031
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 may require from time to time. The Company has agreed to pay TenX Global Capital LP $10,000 per month for such
administrative services. For the year ended December 31, 2024, the Company recorded an administration fee of $120,000.

Conflicts
of Interest

Each
of our officers and directors presently has, and any of them in the future may have additional, fiduciary or contractual obligations
to other entities including other special purpose acquisition companies, or SPACs pursuant to which such officer or director is or will
be required to present a business combination opportunity. Accordingly, if any of our officers or directors becomes aware of a business
combination opportunity which is suitable for an entity to which he or she has then-current fiduciary or contractual obligations, he
or she will honor his or her fiduciary or contractual obligations to present such opportunity to such entity. Our management team is
continuously made aware of potential investment opportunities, one or more of which we may desire to pursue for a business combination.

Promissory
Note - Related Party

On
February 23, 2023, the Company issued an unsecured promissory note to the Sponsors (the “Promissory Note”), pursuant to which
the Company could borrow up to an aggregate of $300,000 to cover expenses related to the Initial Public Offering. The Promissory Note
was non-interest bearing and payable on the earlier of (i) December 31, 2023, or (ii) the consummation of the IPO. On the date of closing
of the IPO, no amounts were outstanding under the Promissory Note and the Promissory Note then expired.

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Registration
Rights

The
holders of the Founder Shares, Private Placement Units, securities underlying the UPO, Units issuable upon the conversion of certain
working capital loans and any underlying securities will be entitled to registration rights pursuant to a registration rights agreement
to be signed prior to or on the effective date of the IPO requiring us to register such securities for resale. The holders of these securities
are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have
certain “piggy-back” registration rights with respect to registration statements filed subsequent to our completion of our
initial business combination and rights to require us to register for resale such securities pursuant to Rule 415 under the Securities
Act. We will bear the expenses