Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 141

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 141
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verse 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.

33

Company Support Agreement

Concurrently with the execution of the Air
Water Business Combination Agreement, Inflection Point entered into Company Support Agreements with Air Water, PubCo and the
Supporting Stockholders, pursuant to which each Supporting Stockholder has agreed to, among other things, (a) vote 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 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 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 238 of the
Cayman Act and any other similar statute, (d) be bound by certain other covenants and agreements related to the Air Water Business
Combination and (e) be bound by certain transfer restrictions with respect to the Sponsor Subject Securities, in each case, on the
terms and subject to the conditions set forth in the Sponsor Support Agreement. The Sponsor Support Agreement also provides that
Sponsor has agreed irrevocably to waive its redemption rights in connection with the consummation of the Air Water Business
Combination with respect to any Sponsor Subject Securities they may hold.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from January 31, 2024 (inception) through September 30, 2025 were organizational
activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target