Company: BSAAR
Filing Date: 2025-09-26
Form Type: 425
Source: 0001493152-25-015072
Chunk: 7

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-09-26
Form: 425
Chunk 7
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 Purchaser, Merger Sub or HDE;                                                                                                     |

| ● | HDE                                                                                                 
 shall have issued Company Shares to ODI Shareholders pursuant to ODI Share Subscription Agreements; |

| ● | The                                                                                                                                 
 ODI Shareholders shall have completed the ODI Filing, and the Purchaser Parties receiving ODI registration certificates and filings 
 proofs issued by competent authorities evidencing the completion of the ODI filing; and                                             |

| ● | HDE                                                                                                                              
 to acknowledge in writing of its succession of existing indemnification agreements and other agreements entered by the Purchaser 
 Parties and the D&O Indemnified Parties.                                                                                         |

HDE’s Conditions to Closing

The obligations of HDE to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions described above, will be conditioned upon each of the following, among other things:

| ● | Purchaser                                                                                                                        
 Parties shall have duly performed all of their obligations hereunder required to be performed by them at or prior to the Closing 
 Date in all material respects;                                                                                                   |

| ● | The                                                                                                                              
 representations and warranties of Purchaser Parties being true on and as of the date of the Merger Agreement and closing date of 
 the transactions except as would not be expected to have a material adverse effect;                                              |

| ● | There                                                        
 having been no material adverse effect to Purchaser Parties; |

| ● | HDE                                                                           
 receiving a certificate signed by an authorized officer of Purchaser Parties; |

| ● | Purchaser                                                                                                          
 Parties materially complying with the reporting requirements under the applicable Securities Act and Exchange Act; |
| ● | Purchaser                                                                                                          
 Parties executing and delivering to HDE each Additional Agreement to which any of them is a party;                 |

| ● | The                                                  
 Parent Shares Redemptions shall have been completed; |

| ● | The                                                                                                                                     
 directors designated by HDE shall have been appointed to the board of directors of the Reincorporation Surviving Corporation, effective 
 as of the Closing; and                                                                                                                  |

| ● | The                                                                                                                                
 Purchaser Ordinary Shares to be issued in connection with the Closing shall be conditionally approved for listing upon the Closing 
 on Nasdaq, subject only to official notice of issuance thereof.                                                                    |

Termination

The Merger Agreement may be terminated by:

| ● 
 ● 
 ● | mutual                                                                                                                                       
 agreement of Purchaser Parties and HDE at anytime prior to the Closing Date;                                                                 
 the                                                                                                                                          
 Purchaser Parties