Company: IPCX
Filing Date: 2025-08-25
Form Type: 425
Source: 0001213900-25-080147
Chunk: 14

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-25
Form: 425
Chunk 14
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 dissolution or winding up of the Company (whether
voluntarily or involuntarily) or a return of capital (other than a conversion, redemption, buyback or purchase of PubCo securities), the
holders of PubCo Series A Preferred Shares will be entitled to receive out of the available proceeds, before any distribution is made
to holders of ordinary shares or any other junior securities, an amount per share equal to the greater of (i) 100% of the Accrued Value
(as defined in the PubCo A&R Articles) or (ii) such amount per share as would have been payable had all shares of PubCo Series A Preferred
Shares been converted into PubCo Ordinary Shares immediately prior to such event.

Voting: The PubCo Series
A Preferred Shares votes together with the PubCo Ordinary Shares on an as-converted basis, except as required by law and as noted below
under “Protective Provisions.” Each holder of PubCo Series A Preferred Shares shall be entitled to cast the number of votes
equal to the number of whole shares of PubCo Ordinary Shares into which the shares of PubCo Series A Preferred Shares held by such holder
are convertible as of the record date for determining shareholders entitled to vote on such matter.

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Protective Provisions:
For as long as Inflection Point Asset Management LLC, Newtyn Management, LLC and their respective Affiliates hold at least 20% of the
PubCo Series A Preferred Shares on issue as of Closing, the Company shall not, without the Series A Majority Consent (as defined therein)
(the “Requisite Holders”), take any of the following actions: (a) liquidate, dissolve or wind-up the affairs of PubCo,
(b) create any equity security, authorise the creation of any equity security, classify any equity security, reclassify any equity security,
or issue any other security convertible into or exercisable for any equity security, unless such security ranks junior to the PubCo Series
A Preferred Shares with respect to its rights, preferences and privileges (including rights to receive dividends and participate in distributions
or payments upon liquidation, dissolution or winding up), (c) increase the authorised share capital of the PubCo Series A Preferred Shares,
(d) purchase or redeem or pay any cash dividend on any PubCo security ranking junior to the PubCo Series A Preferred Shares (with respect
to rights to receive dividends and participate in distributions or payments upon liquidation, dissolution or winding up), except