Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 254

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 254
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 “related party” had, has or
will have a direct or indirect material interest. “Related parties” under this policy will include: (i) our directors,
nominees for director or officers or any person who has served in such roles since the beginning of the most recent fiscal year, even
if he or she does not currently serve in that role; (ii) any record or beneficial owner of more than 5% of any class of our voting
securities; (iii) any immediate family member of any of the foregoing if the foregoing person is a natural person; and (iv) any
other person who maybe a “related person” pursuant to Item 404 of Regulation S-K under the Exchange Act. Pursuant
to the policy, the audit committee will consider (i) the relevant facts and circumstances of each related party transaction, including
if the transaction is on terms comparable to those that could be obtained in arm’s-length dealings with an unrelated third party,
(ii) the extent of the related party’s interest in the transaction, (iii) whether the transaction contravenes our code
of ethics or other policies, (iv) whether the audit committee believes the relationship underlying the transaction to be in the best
interests of the company and its shareholders and (v) if the related party is a director or an immediate family member of a director,
the effect that the transaction may have on a director’s status as an independent member of the board and on his or her eligibility
to serve on the board’s committees. Management will present to the audit committee each proposed related party transaction, including
all relevant facts and circumstances relating thereto. Under the policy, we may consummate related party transactions only if our audit
committee approves or ratifies the transaction in accordance with the guidelines set forth in the policy. The policy will not permit any
director or officer to participate in the discussion of, or decision concerning, a related person transaction in which he or she is the
related party.

We are not prohibited from paying any fees (including
finder’s fees, consulting fees, success fees or advisory fees), reimbursements or cash payments to our sponsor, officers or directors,
or our or their affiliates, for services rendered to us prior to or in connection with the completion of our initial business combination,
including the following payments, all of which, if made prior to the completion of our initial business combination, will be paid from
funds held outside the trust account:

| ● | Repayment of up to an