Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 29

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 a private company organized in Israel
(“Cyabra”) (as it may be amended and/or restated from time to time, the “Merger Agreement”).

The
Merger Agreement provides that, among other things and upon the terms and subject to the conditions thereof, (a) the Company shall merge
with and into Holdings and Holdings shall be the survivor of such merger (the “Company Merger” and all references to the
Company subsequent to the Company Merger shall be intended to refer to Holdings as the survivor of the Company Merger) and (b) Merger
Sub shall merge with and into Cyabra, with Cyabra being the surviving entity (the “Merger”), following which Merger Sub will
cease to exist and Cyabra will become a wholly owned subsidiary of the Company (the “Surviving Corporation”). In connection
with the Merger, the Company will be renamed “Cyabra, Inc.” (“Pubco”).

On
November 11, 2024, the parties thereto amended the Merger Agreement to: (i) increase the size of the Trailblazer Board from five directors
to seven directors; (ii) remove the director election proposal from the Required Parent Proposals (as defined in the Merger Agreement);
(iii) increase the size of the 2024 Plan from 10% to 15% due to the fact that certain previously contemplated grants will be included
as part of the 2024 Plan; (iv) amend the provision related to the share grant to the Cyabra Key Employees to clarify that such grant
may be subject to additional vesting conditions as agreed upon between the respective Cyabra Key Employee and Cyabra; and (v) amend the
outside closing date from December 31, 2024 to March 1, 2025.

Parent
Support Agreement

Contemporaneously
with the execution of, and as a condition and an inducement to the Company and Cyabra entering into the Merger Agreement, the Sponsor
and certain other stockholders of the Company are entering into and delivering the Parent Support Agreement (the “Parent Support
Agreement”), pursuant to which the Sponsor and each such Company stockholder have agreed (i) not to transfer or redeem any of the
Company Common Stock held by such Company stockholder and (ii) to vote in favor of the Merger Agreement and the Merger and the other
transactions contemplated thereby at the Company stockholder meeting.

Company
Support Agreement

Contemporaneously