Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 88

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 pursuant to the Air Water Business Combination Agreement,
as applicable, (x) with respect to Inflection Point, Inflection Point shall have made all necessary and appropriate arrangements with
the trustee to have all of the funds held in the Trust Account disbursed to Inflection Point in accordance with the Air Water Business
Combination Agreement upon the Closing, and all such funds released from the Trust Account shall be available to PubCo, (xi) no material
adverse effect with respect to either Air Water or Inflection Point shall have occurred which is continuing, and (xii) each of Air Water
and Inflection Point shall have delivered a customary closing certificate.

Company Support Agreements

Concurrently with the execution of the Air
Water Business Combination Agreement, Inflection Point entered into Company Support Agreements (each, a “Company Support
Agreement”) with Air Water, PubCo and certain shareholders of Air Water (collectively, the “Supporting
Stockholders”), pursuant to which each Supporting Stockholder has agreed to, among other things, (a) vote the Air Water
Ordinary Shares held by such Supporting Stockholder (together with any other equity securities thereafter acquired by such
Supporting Stockholder the “Air Water Subject Securities”) in favor of the Air Water Business Combination Agreement and
the transactions contemplated thereby, (b) be bound by certain other covenants and agreements related to the Air Water Business
Combination (c) be bound by certain transfer restrictions with respect to the Air Water Subject Securities and (d) waive its
dissenter rights under Section 238 of the Cayman Act and any other similar statute.

Sponsor Support Agreement

In connection with the execution of the
Air Water Business Combination Agreement, the Sponsor has entered into a Sponsor Support Agreement (the “Sponsor Support
Agreement”) with Inflection Point, PubCo and Air Water, pursuant to which the Sponsor has agreed to, among other things, (a)
vote the Class B ordinary shares and the Class A ordinary shares held by Sponsor (together with any other equity securities
thereafter acquired by Sponsor, the “Sponsor Subject Securities”) in favor of the matters to be approved by the
shareholders of Inflection Point in connection with the Air Water Business Combination at any meeting of Inflection Point shareholders to be called for approval of the Business Combination, (b) waive its anti-dilution rights in the
Amended and Restated Memorandum and Articles, (c) waive its dissenter rights under Section