Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 727

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 6
Chunk 727
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 the proceeds from the sale of the Private Placement Units will be
used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Units will
expire worthless.

Service
Arrangements

On
December 14, 2023, we entered into an administrative services agreement with TenX Global Capital LP, pursuant to which TenX Global Capital
LP agreed to make available to the Company certain general and administrative services, including office space, utilities and administrative
services, as the Company may require from time to time. The Company has agreed to pay TenX Global Capital LP $10,000 per month for such
administrative services. For the year ended December 31, 2024, the Company recorded an administration fee of $120,000.

Conflicts
of Interest

Each
of our officers and directors presently has, and any of them in the future may have additional, fiduciary or contractual obligations
to other entities including other special purpose acquisition companies, or SPACs pursuant to which such officer or director is or will
be required to present a business combination opportunity. Accordingly, if any of our officers or directors becomes aware of a business
combination opportunity which is suitable for an entity to which he or she has then-current fiduciary or contractual obligations, he
or she will honor his or her fiduciary or contractual obligations to present such opportunity to such entity. Our management team is
continuously made aware of potential investment opportunities, one or more of which we may desire to pursue for a business combination.

Promissory
Note - Related Party

On
February 23, 2023, the Company issued an unsecured promissory note to the Sponsors (the “Promissory Note”), pursuant to which
the Company could borrow up to an aggregate of $300,000 to cover expenses related to the Initial Public Offering. The Promissory Note
was non-interest bearing and payable on the earlier of (i) December 31, 2023, or (ii) the consummation of the IPO. On the date of closing
of the IPO, no amounts were outstanding under the Promissory Note and the Promissory Note then expired.

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Registration
Rights

The
holders of the Founder Shares, Private Placement Units, securities underlying the UPO, Units issuable upon the conversion of certain
working capital loans and any underlying securities will be entitled to registration rights pursuant to a registration rights agreement
to