Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 23

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 (each, a “Company Support
Agreement”) with Air Water, PubCo and certain shareholders of Air Water (collectively, the “Supporting
Stockholders”), pursuant to which each Supporting Stockholder has agreed to, among other things, (a) vote the Air Water
Ordinary Shares held by such Supporting Stockholder (together with any other equity securities thereafter acquired by such
Supporting Stockholder 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 restrictions with respect to the Air Water Subject Securities and (d) waive its
dissenter rights under Section 238 of the Cayman Act and any other similar statute.

Sponsor Support Agreement

In connection with the execution of the
Air Water Business Combination Agreement, the Sponsor has entered into a Sponsor Support Agreement (the “Sponsor Support
Agreement”) with Inflection Point, PubCo and Air Water, pursuant to which the Sponsor has agreed to, among other things, (a)
vote the Class B ordinary shares and the Class A ordinary shares held by Sponsor (together with any other equity securities
thereafter acquired by Sponsor, the “Sponsor Subject Securities”) in favor of the matters to be approved by the
shareholders of Inflection Point in connection with the Air Water Business Combination at any meeting of Inflection Point shareholders to be called for approval of the Business Combination, (b) waive its anti-dilution rights in the
Amended and Restated Memorandum and Articles, (c) waive its dissenter rights under Section 238 of the Cayman Act and any other
similar statute, (d) be bound by certain other covenants and agreements related to the Air Water Business Combination and (e) be
bound by certain transfer restrictions with respect to the Sponsor Subject Securities, in each case, on the terms and subject to the
conditions set forth in the Sponsor Support Agreement. The Sponsor Support Agreement also provides that Sponsor has agreed
irrevocably to waive its redemption rights in connection with the consummation of the Air Water Business Combination with respect to
any Sponsor Subject Securities they may hold.

Please refer to the Company’s Form 8-K as
filed on August 25, 2025 for the full text of the aforementioned agreements entered into in connection with the Air Water Business Combination
Agreement