Company: BACC
Filing Date: 2025-11-19
Form Type: 425
Source: 0001185185-25-001807
Chunk: 14

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-19
Form: 425
Chunk 14
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 of the Business Combination Agreement, certain executive officers of Blockfusion (the “Non-Compete Parties”)
entered into Non-Competition and Non-Solicitation Agreements (each, a “Non-Competition Agreement”) in favor
of Blue and Pubco and their respective subsidiaries (the “Covered Parties”), pursuant to which they will agree
for a period of 2 years after the Closing not to compete with the Covered Parties and not to solicit the employees and customers of the
Covered Parties. Each Non-Compete Party also agreed not to disparage the Covered Parties and to customary confidentiality requirements.
A copy of the form of the Non-Competition Agreement is attached as Exhibit 10.4 hereto and is incorporated herein by reference.

Amended and Restated Registration Rights Agreement

Prior to the Closing, Pubco,
the Sponsor and certain stockholders of Blockfusion will enter into an amended and restated registration rights agreement (the “Amended Registration Rights Agreement”) that will amend and restate the registration rights agreement entered into at the time of
Blue’s initial public offering, pursuant to which (i) Pubco will assume the registration obligations of Blue under such registration
rights agreement, with such rights applying to the Pubco Class A Shares and (ii) such stockholders of Blockfusion will be granted equal
registration rights thereunder. A copy of the form of Amended Registration Rights Agreement is attached as Exhibit 10.5 hereto and is
incorporated herein by reference.

The Business Combination Agreement and other agreements described above have been included to provide investors with information regarding their respective terms. They are not intended to provide any other factual information about Blue, Blockfusion, or the other parties thereto. In particular, the assertions embodied in the representations and warranties in the Business Combination Agreement were made as of a specified date, are modified or qualified by information in one or more confidential disclosure schedules prepared in connection with the execution and delivery of the Business Combination Agreement, may be subject to a contractual standard of materiality different from what might be viewed as material to investors, or may have been used for the purpose of allocating risk between the parties. Accordingly, the representations and warranties in the Business Combination Agreement are not necessarily characterizations of the actual state of facts about Blue, Blockfusion or the other parties thereto at the time they were made or otherwise and should only be read in conjunction with the other information that Blue makes publicly available in reports, statements and other documents filed with the SEC. Blue and Blockfusion