Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 20

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 20
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, any units, ordinary 
 shares, founder shares or rights                                                                                                       |     | 180                                                      
 days from the date of this prospectus                    |     | Blue                         
 Holdings Sponsor LLC         
 Blue                         
 Holdings Management LLC      
 Ketan                        
 Seth                         
 Dino                         
 Ferrari                      
 Kenneth                      
 Moritsugu                    
 Nadim                        
 Qureshi                      
 David                        
 Bauer                        |     | We,                                                                                                                                       
 our sponsor and our officers and directors have agreed that, for a period of 180 days from the date of this prospectus, we and they       
 will not, without the prior written consent of the representative of the underwriters, offer, sell, contract to sell, pledge or otherwise 
 dispose of, directly or indirectly, any units, Share Rights, shares or any other securities convertible into, or exercisable, or          
 exchangeable for, shares, subject to certain exceptions. The representative in its sole discretion may release any of the securities      
 subject to these lock-up agreements at any time without notice, other than in the case of the officers and directors, which shall         
 be with notice. Our sponsor, officers and directors are also subject to separate transfer restrictions on their founder shares and        
 private placement units pursuant to the letter agreement described in the immediately preceding paragraphs.                               |

Up to 790,425 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment option is exercised. In addition, in order to facilitate our initial business combination as determined by our sponsor in its sole discretion, our sponsor may surrender or forfeit, transfer or exchange our founder shares, private placement units or any of our other securities, including for no consideration, as well as subject any such securities to earn-outs or other restrictions, or otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities. We may also issue Class A ordinary shares upon conversion of the Class B ordinary shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions as set forth therein. Pursuant to the letter agreement to be entered with us, each of our sponsor, directors and officers have agreed to a lock-up and restrictions on their ability to transfer, assign, or sell the founder shares and private placement units and securities underlying the private placement units. Further, the sponsor membership interests (including the interests held by the non-managing members) are locked up and not transferable because the letter agreement prohibits indirect transfers. Our letter agreement