Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 205

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 205
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 directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities. 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 business combination opportunity to such other entity, subject to their fiduciary duties under Cayman Islands 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.

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Below is a table summarizing the entities to which our officers and directors currently have fiduciary duties or contractual obligations:

| Individual          |     | Entity                         |     | Entity’s                 
 Business                 |     | Affiliation                     |
| Joseph Hernandez    |     | Blue                           
 Water Venture Partners, LLC    |     | investment               
 firm                     |     | Founder                         
 and Senior Managing Partner     |
|                     |     | Perseus                        
 Therapeutics, Inc.             |     | biopharmaceutical        
 company                  |     | Chairman                        
 and Founder                     |
| Martha F. Ross      |     | CFO, COO and                   
 BPI Consulting                 |     | business consulting      |     | Chief                           
 Financial Officer               |
| Timothy             
 N. Coulson          |     | University                     
 of Oxford                      |     | university               |     | Professor