Company: TBMC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075720
Chunk: 156

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 156
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 initial
business combination, to reimburse the underwriters for any such expenses incurred in excess of $50,000.

Investment Management Trust Agreement

On March 28, 2023, in connection
with the Initial Public Offering, we entered into an agreement with Continental Stock Transfer & Trust Company (“Trustee”).
The Trustee agreed to manage, supervise and administer the Trust Account subject to the terms and conditions set forth in the agreement
and in a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States government
securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or
less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the
Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations,
as determined by us; the Trustee may not invest in any other securities or assets, it being understood that the Trust Account will earn
no interest while account funds are uninvested awaiting our instructions hereunder; and while account funds are invested or uninvested,
the Trustee may earn bank credits or other consideration. We agreed to give all instructions to the Trustee in writing, signed by the
Chairman of the Board, Chief Executive Officer, Chief Financial Officer or Secretary. In addition, the Trustee shall be entitled to rely
on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care,
believes to be given by any one of the persons authorized to give written instructions, provided that we shall promptly confirm such instructions
in writing. We will Pay the Trustee the fees set forth in the agreement, including an initial acceptance fee, annual administration fee,
and transaction processing fee which fees shall be subject to modification by the parties from time to time.

27

In connection with the Annual
Meeting held on September 26, 2024, the Company amended its investment management trust agreement, dated as of March 28, 2023, by and
between the Company and Continental Stock Transfer & Trust Company, to allow the Company to extend the date by which the Company must
consummate a business combination up to