Company: BSAAR
Filing Date: 2025-09-26
Form Type: 8-K
Source: 0001493152-25-015071
Chunk: 5

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-09-26
Form: 8-K
Item: Item 1.01
Chunk 5
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 “ Supporting Shareholders”) entered into a voting and support agreement (the “ Voting
and Support Agreement”) pursuant to which the Supporting Shareholders and the Sponsor have agreed, among other things, to vote
in favor of the Reincorporation Merger or the Acquisition Merger, as the case may be, the adoption of the Merger Agreement and any other
matters necessary or reasonably requested by HDE, the Purchaser or the Company for consummation of the Reincorporation Merger, the Acquisition
Merger and the other transactions contemplated by the Merger Agreement.

In
addition, the Supporting Shareholders have agreed not to sell, assign, encumber, pledge, hypothecate, dispose, loan or otherwise transfer
the shares of the Company or HDE, as applicable, owned of record and beneficially by such Supporting Shareholder or over which such Supporting
Shareholder has voting power, prior to the earlier to occur of (a) the Acquisition Merger becoming effective, (b) the termination of
the Merger Agreement, and (c) written agreement of the Supporting Shareholders and the Parent and Purchaser.

A
copy of the Voting and Support Agreement is filed with this Current Report on Form 8-K as Exhibit 10.1, and is incorporated herein by
reference, and the foregoing description of the Support Agreement is qualified in its entirety by reference thereto.

Additional
Agreements to be Executed at Closing

The
Merger Agreement provides that, upon consummation of the transactions, the parties will enter into the following additional agreements.

Amended
and Restated Registration Rights Agreement

At
the closing, the Purchaser will enter into a registration rights agreement (the “ Registration Rights Agreement”) with certain
shareholders of HDE and the Company with respect to the shares of the Purchaser issued or issuable in connection with the Business Combination.
Either the holders of a majority-in-interest of the registrable securities or the Sponsor have no more than three (3) demand registration
rights for its registrable securities. The Registration Rights Agreement provides certain demand registration rights and piggyback registration
rights to such shareholders, subject to underwriter cutbacks and issuer blackout periods. The Purchaser will agree to pay certain fees
and expenses relating to registrations under the Registration Rights Agreement.

A
copy of the form of Registration Rights Agreement is filed with this Current Report on Form 8-K as Exhibit 10.2, and is incorporated
herein by reference, and the