Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 49

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 49
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 law. Our amended and restated memorandum and articles of association provide that, to the fullest 
 extent permitted by law: (i) no individual serving as a director or an officer, among other persons, shall have any duty, except        
 and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business        
 activities or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being offered an opportunity           
 to participate in, any potential transaction or matter which (a) may be a corporate opportunity for any director or officer,            
 on the one hand, and us, on the other or (b) the presentation of which would breach an existing legal obligation of a director          
 or officer to any other entity. However, because the other entities to which our officers and directors currently owe fiduciary duties  
 or contractual obligations are not themselves in the business of engaging in business combinations, we do not believe that any such     
 potential conflicts would materially affect our ability to complete our initial business combination.                                   |
|              | Our sponsor, officers or                                                                                                                
 directors may sponsor or form other special purpose acquisition companies similar to ours or may pursue other business or investment    
 ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors    
 could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special     
 purpose acquisition company with which they may become involved. Any such companies, businesses or investments may present additional   
 conflicts of interest in pursuing an initial business combination target. However, because we expect that our company will generally    
 have priority over any other special purpose acquisition companies subsequently formed by our sponsor, officers or directors with       
 respect to acquisition opportunities until we complete our initial business combination or enter into a contractual agreement that      
 would restrict our ability to engage in material discussions regarding a potential initial business combination, we do not believe      
 that any such potential conflicts would materially affect our ability to complete our initial business combination.                     |

| 36 |

| Our                                                                                                                                         
 executive officers and our directors may have interests that differ from you in connection with the business combination, including         
 the fact that they may lose their entire investment in us if our initial business combination is not completed, except to the extent        
 they receive liquidating distributions from assets outside the trust account, and accordingly, may have a conflict of interest in           
 determining whether a particular target business is an appropriate business with which to effectuate our initial business