Company: TBMC
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001213900-25-073765
Chunk: 73

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 73
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 TRUST AGREEMENT (this “Amendment”) is made as of September [], 2025 , by and between Trailblazer Merger Corporation I, a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company (the “Trustee”). Capitalized terms contained in this Amendment, but not specifically defined in this Amendment, shall have the meanings ascribed to such terms in that certain Investment Management Trust Agreement, dated March 28, 2023, by and between the parties hereto , as amended (the “Trust Agreement”). WHEREAS, a total of $70,380,000 was placed in the Trust Account from the IPO and sale of private units in a private placement; WHEREAS, the Trust Agreement provides that the Trustee shall commence liquidation of the Trust Account and distribute the Property in the Trust Account after receipt of, and only in accordance with, a Termination Letter; or in the event that a Termination Letter has not been received by the Trustee by the 12 month anniversary of the closing of the IPO (“Closing”) or, in the event that the Company extended the time to complete the Business Combination for up to 18-months from the effective date of the prospectus but has not completed the Business Combination within the applicable monthly anniversary of the effective date of the prospectus; WHEREAS, the Company has obtained the requisite approval of the stockholders of the Company to amend the Trust Agreement; WHEREAS, each of the Company and Trustee desire to amend the Trust Agreement as provided herein. NOW, THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 1. Amendments to Trust Agreement. (a) The third whereas clause of the Trust Agreement is hereby amended and restated in its entirety as follows: “WHEREAS, if a Business Combination (as defined below) is not consummated within the initial 18 month period following the closing of the Offering, the Company’s insiders may extend such period six times by an additional one-month each time, up to a maximum of 24 months in the aggregate, by depositing an amount equal to the lesser of (i) $0.015 for each outstanding share of Public Stock (as defined below) after giving effect to the redemption of the shares of the Company, and (ii) $100,000 (the “Extension Payment”) ] into Trust Account (as