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

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-19
Form: 425
Chunk 11
---
 uncured and continuing; (vi) by either Blockfusion or Blue if Blue holds its shareholder meeting to approve the Business
Combination Agreement and the Transactions, and such approval is not obtained; (vii) by either Blockfusion or Blue if Blockfusion holds
its stockholder meeting to approve the Business Combination Agreement and the Transactions, and such approval is not obtained; and (viii)
by written notice from Blue to Blockfusion if Blockfusion has not delivered the Audited Financials on or before the Audit Delivery Date.

If the Business Combination
Agreement is terminated, all further obligations of the parties under the Business Combination Agreement (except for certain obligations
related to public announcements, confidentiality, effect of termination, fees and expenses, trust fund waiver, and customary miscellaneous
provisions) will terminate, and no party to the Business Combination Agreement will have any further liability to any other party thereto
except for liability for fraud or for willful breach of the Business Combination Agreement prior to such termination.

Trust Account Waiver

Blockfusion agreed that it
and its affiliates will not have any right, title, interest or claim of any kind in or to any monies in Blue’s trust account held
for its public shareholders, and has agreed not to, and waived any right to, make any claim against the trust account (including any distributions
therefrom).

Governing Law

The Business Combination Agreement
is governed by New York law, provided that matters that are required to be governed by the laws of the Cayman Islands (including, without
limitation, in respect of the SPAC Merger and the fiduciary duties that may apply to the directors and officers of the parties) shall
be governed by the laws of the Cayman Islands and, the parties are subject to exclusive jurisdiction of federal and state courts located
in New York County, State of New York (and any appellate courts thereof).

Related Agreements

Seller Support Agreement

Simultaneously with the execution
of the Business Combination Agreement, stockholders of Blockfusion holding capital stock of Blockfusion sufficient to approve the adoption
of the Business Combination Agreement and approve the Company Merger and the other transactions contemplated by the Business Combination
Agreement (the “Company Support Stockholders”) entered into support agreements (each, a “Company Support Agreement”), pursuant to which, among other things, each Company Support Stockholder agreed to vote its shares of
capital stock of Blockfusion (the “Subject Stock”) in favor of the adoption of the Business Combination Agreement,