Company: BACC
Filing Date: 2025-11-19
Form Type: 425
Source: 0001185185-25-001807
Chunk: 5

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-19
Form: 425
Chunk 5
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 Closing, except those covenants and agreements to be performed after the Closing, which covenants and agreements will
survive until fully performed.

Covenants of the Parties

Each party to the Business
Combination Agreement has agreed to use its commercially reasonable efforts, and to cooperate fully with one another, to consummate the
Transactions. The Business Combination Agreement also contains certain customary covenants by each of the parties that apply during the
period between the signing of the Business Combination Agreement and the earlier of the Closing or the termination of the Business Combination
Agreement (the “Interim Period”), including (i) the provision of access to the applicable party’s properties,
books and personnel; (ii) the operation of the parties’ respective businesses in the ordinary course of business; (iii) the current
and timely filing of Blue’s public filings; (iv) no insider trading; (v) notifications to the other parties of certain breaches,
consent requirements and other matters; (vi) obtaining third party and regulatory approvals; (vii) tax matters; (viii) further assurances;
(ix) public announcements; (x) confidentiality; and other covenants. The Business Combination Agreement also contains certain customary
post-Closing covenants, including, without limitation, in regard to (1) tax matters; (2) the maintenance of books and records; and (3)
the indemnification of directors and officers. Additionally:

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Each of Blue and Blockfusion will not solicit or enter into a competing alternative transaction, in accordance with customary terms and provisions set forth in the Business Combination Agreement.

Blue will not approve, endorse
or recommend, or publicly propose to approve, endorse or recommend, any Acquisition proposal (as defined in the Business Combination Agreement),
or otherwise change, withdraw, withhold, qualify or modify its recommendation to its shareholders for approval of the Business Combination
Agreement and the Transactions (a “Change in Recommendation”); provided, however, that if at any time prior
to (but not after) obtaining the approval of the Blue shareholders, the Blue board of directors determines in good faith, in response
to an Intervening Event (as defined in the Business Combination Agreement) after consultation with its outside legal counsel, that the
failure to make a Change in Recommendation would be a breach of its fiduciary duties under applicable law, then the board may make a Change
in Recommendation, provided that Blue delivers, pursuant to procedures set forth in