Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 631

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 631
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 directors.

Our independent directors will
have regularly scheduled meetings at which only independent directors are present.

We will only enter into transactions
with our officers and directors and their respective affiliates that are on terms no less favorable to us than could be obtained from
independent parties. Any related-party transactions must be approved by our audit committee and a majority of disinterested directors..

Committees of the Board of Directors

Our board of directors has
two standing committees: an audit committee and a compensation committee. Subject to phase-in rules and a limited exception, Nasdaq rules
and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors,
and Nasdaq rules require that the compensation committee of a listed company be comprised solely of independent directors.

22

Audit Committee

Our Audit Committee has been
established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Barak Avitbul, Olga Castells, and Patrick Donovan,
each of whom is an independent director under the Nasdaq listing standards and under Rule 10-A-3(b)(1) of the Exchange Act. Mr. Donovan
chairs the Audit Committee.

The Audit Committee’s
duties, which are specified in our Audit Committee Charter, include, but are not limited to:

●the appointment, compensation,
retention, replacement, and oversight of the work of the independent registered public accounting firm engaged by us;

●pre-approving all audit and
permitted non-audit services to be provided by the independent registered public accounting firm engaged by us, and establishing pre-approval
policies and procedures;

●setting clear hiring policies
for employees or former employees of the independent registered public accounting firm, including but not limited to, as required by
applicable laws and regulations;

●setting clear policies for audit
partner rotation in compliance with applicable laws and regulations;

●obtaining and reviewing a report,
at least annually, from the independent registered public accounting firm describing (i) the independent registered public accounting
firm’s internal quality-control procedures, (ii) any material issues raised by the most recent internal quality-control review,
or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities within the preceding
five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues and (iii) all
relationships between the independent registered public accounting firm and us to assess the independent registered