Company: BLUWU
Filing Date: 2025-06-12
Form Type: 8-K
Source: 0001641172-25-014782
Chunk: 4

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-06-12
Form: 8-K
Item: Item 3.02
Chunk 4
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 Board is comprised of three classes. The term of office of the first class of directors, consisting
of Laurent Hermouet, will expire at the Company’s first annual meeting of shareholders. The term of office of the second class of
directors, consisting of Treavor L. Hawkins and Timothy N. Coulson, will expire at the Company’s second annual meeting of shareholders.
The term of office of the third class of directors, consisting of Joseph Hernandez and Ish S. Dugal will expire at the Company’s
third annual meeting of shareholders.

On June 9, 2025, in connection with their appointments
to the Board, each of the members of the Board entered into the Letter Agreement as well as an Indemnity Agreement with the Company filed,
respectively, as Exhibits 10.1 and 10.6, herewith.

Other than the foregoing, none of the directors
are party to any arrangement or understanding with any person pursuant to which they were appointed as directors, nor are they party
to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company.

Item 5.03. Amendments to Certificate of Incorporation
or Bylaws; Change in Fiscal Year.

On June 9, 2025, and in connection with
the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association. The Amended and Restated Memorandum and
Articles of Association is filed herewith as Exhibit 3.1 and is incorporated by reference herein.

Item 8.01. Other Events.