Document:

Exhibit
10.5 

 

SErVICES AGREEMENT

 

This Services Agreement
(“Agreement”) is effective as of January [●], 2021 (the “Effective Date”), by and between
BlueRiver Acquisition Corp., a Cayman Islands exempted company (“Company”) and BlueRiver Ventures Services LLC,
a Delaware limited liability company (“Service Provider” and together with Company, the “Parties”
and each a “Party”).

 

1.          
SERVICES.

 

Service Provider will
endeavor to provide certain services as set forth on Exhibit A attached hereto (the “Services”) in accordance
with and subject to the terms in the body of this Agreement.

 

2.          
TERM & TERMINATION.

 

The term of this Agreement
(and the provision of Services hereunder) will commence on the Effective Date and continue until the earlier of (x) the consummation
by the Company of an initial business combination and (y) the Company’s complete liquidation (in each case, as described
in the registration statement for the initial public offering of securities of the Company), unless earlier terminated by either
Party at any time. Upon any termination, all rights of Service Provider and all obligations of Company shall terminate, except
rights to payment accrued prior to termination, and Sections 4 and 5 shall survive termination.

 

3.          
COMPENSATION.

 

Company agrees to compensate Service Provider
for the Services in accordance with the rates and payment schedule set forth on Exhibit A attached hereto. All payments
to be made by Company to Service Provider under this Agreement shall be in U.S. dollars.

 

4.          
LIMITATION OF LIABILITY AND WARRANTY DISCLAIMER.

 

a.             
Limitation of Liability. NEITHER PARTY WILL BE LIABLE TO THE OTHER PARTY WITH RESPECT TO ANY SUBJECT MATTER OF THIS
AGREEMENT UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER LEGAL FORM OF ACTION OR EQUITABLE THEORY FOR (I) ANY AMOUNTS
IN EXCESS, IN THE AGGREGATE, OF THE FEES PAID TO SERVICE PROVIDER HEREUNDER DURING THE TWELVE-MONTH PERIOD PRIOR TO THE DATE THE
CAUSE OF ACTION AROSE, (II) ANY INDIRECT, EXEMPLARY, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOST DATA OR LOSS PROFITS
OR FOR LOSS OR CORRUPTION OF DATA OR INTERRUPTION OF USE, (III) COST OF PROCUREMENT OF SUBSTITUTE GOODS, TECHNOLOGY OR SERVICES,
OR (IV) ANY MATTER BEYOND SUCH PARTY’S REASONABLE CONTROL, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
LOSS OR DAMAGE.

 

b.              Warranty
Disclaimer. THE PARTIES HEREBY ACKNOWLEDGE AND AGREE THAT THE WORK PRODUCT AND SERVICES ARE PROVIDED “AS IS”
AND SERVICE PROVIDER AND COMPANY MAKE NO WARRANTIES TO ANY PERSON OR ENTITY WITH RESPECT TO THE WORK PRODUCT OR ANY
DERIVATIVES THEREOF OR ANY SERVICES OR LICENSES OR ANYTHING PROVIDED IN CONNECTION WITH THIS AGREEMENT AND DISCLAIM ALL
IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

 

     

     

    

 

c.              No
Claim Against the Trust Account. Service Provider hereby irrevocably waives any and all right, title, interest, causes of
action and claims of any kind (each, a “Claim”) in or to, and any and all right to seek payment of any amounts
due to it out of, the trust account established for the benefit of the public shareholders of Company and into which substantially
all of the proceeds of Company’s initial public offering will be deposited (the “Trust Account”), and
hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, which Claim would
reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further
agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other
assets in the Trust Account for any reason whatsoever.

 

5.          
GENERAL

 

a.             
Relationship of Parties. The Parties expressly understand and agree that Service Provider is an independent contractor
in the performance of each and every part of this Agreement (including the right to determine the manner and means by which the
Services and duties hereunder are to be provided) and is solely responsible for all of its employees and agents and its labor costs
and expenses arising in connection therewith and for any and all claims, liabilities, damages, taxes or debts of any type whatsoever
that may arise on account of Service Provider's activities, or those of its employees or agents, in connection with this Agreement.
Service Provider has no authority, right or ability to bind or commit Company in any way. This Agreement shall not create a partnership,
joint venture, or other similar type of legal arrangement.

 

b.              Assignment.Either
Party shall have the right to assign and transfer any and all of its rights and this Agreement and to delegate any and all of
its obligations to another party without consent of the other Party. This Agreement shall be binding on each of the Parties and
their respective successors and assigns.

 

c.             
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware
without regard to the conflicts of laws provisions thereof.

 

d.              Interpretation. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the
singular. The word “or” shall be inclusive and not exclusive, unless the context otherwise requires. Whenever the words
 “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation,” whether or not they are in fact followed by those words or words of like
import.

 

e.              Counterparts.
This Agreement may be executed in one or more counterparts, all of which will be considered one and the same agreement and
will become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party,
regardless of whether all of the Parties have executed the same counterpart. Counterparts may be delivered via facsimile,
electronic mail (including pdf and with an electronic or DocuSign signature) or other transmission method and any counterpart
so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

     

     

    

 

f.               Entire Agreement; Amendment, Modification or Waiver; Notices. This Agreement (including any exhibits hereto and other
documents and instruments referenced herein and therein) sets forth the entire understanding of the Parties and supersedes all
prior or contemporaneous agreements, express or implied, oral or written, in each case, as to the subject matter of this Agreement.
This Agreement may not be amended or modified except in a writing executed by both Parties. Any purported waiver of any provision
of this Agreement by any Party will only be binding on such Party to the extent set forth in a written instrument duly executed
and delivered by such Party to the other Party. Any notices in connection with this Agreement will be in writing and sent by first
class US mail, or confirmed electronic mail or major commercial rapid delivery courier service.

 

g.              Severability.
In the event that any provision of this Agreement shall be determined to be illegal or unenforceable, that provision will be limited
or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain in full force and effect and enforceable.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY
LEFT BLANK]

 

     

     

    

 

IN WITNESS WHEREOF,
the Parties, each acting under due and proper authority, have executed this Agreement as of the date first above written.

 

 

	BLUERIVER ACQUISITION CORP.
	 
	By:	 	 
	 	Name:
	 	Title:
	 
	 
	 
	BLUERIVER VENTURES SERVICES LLC
	 
	By:	 	 
	 	Name:
	 	Title:

 

[Signature Page to Services Agreement]

 

     

     

    

 

EXHIBIT A

 

Services 

 

Rates and Payment Schedule:

 

Within five (5) Business Days following
the beginning of each calendar month, Company will pay Service Provider [$50,000] in respect of its estimated Costs for such calendar
month (the sum of such payments on a calendar quarterly basis, the “Estimate”). For purposes of this Agreement,
the term “Costs” means total direct and indirect costs, including allocable overhead costs. Within one (1) month
following the end of each calendar quarter, Service Provider will provide Company with an invoice for an amount equal to the difference
between (a) the sum of (x) actual Costs incurred by Service Provider for such calendar quarter and (y) ten percent (10%) of such
Costs and (b) the Estimate (such difference, the “Differential,” which for the avoidance of doubt may be a positive
number or a negative number). Within ten (10) Business Days following delivery of such invoice, (i) if the Differential is a positive
number, then Company will pay an amount equal to the Differential to Service Provider or (ii) if the Differential is a negative
number, then Service Provider will pay an amount equal to the absolute value of the Differential to Company.

 

Services to be provided by Service Provider to Company:

 

Service Provider shall be
responsible for the oversight and coordination of the following Company functions1:

		·	Administrative and General Overhead Services

		·	Accounting/Books and Records

		o	Accounts Payable

		o	Accounts Receivable

		o	General Ledger Accounting

		o	General Accounting

		·	Taxes

		·	Treasury

		·	Financial Statements / Periodic Reports if applicable

		·	SEC Filings and compliance with other regulatory
requirements

		·	Insurance

		·	Corporate Finance Services

		·	Corporate Communications

		·	Target identification and evaluation, due diligence
services, and other activities related to transaction execution

		·	Property Management, Office Space and Furniture

		·	Human Resources

		o	Payroll

		o	Benefits

		o	Employee Communications

		·	Other services to be agreed upon from time to
time

 

 

1
Note to Company: The bulleted services are standard services we have seen included in such arrangements. Please confirm
whether any services should be added or excluded from the list.Exhibit 10.8

 

[_____], 2021

 

BlueRiver Acquisition Corp.

250 West Nottingham Drive, Suite 400

San Antonio, Texas 78209

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this
 “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) entered into by and among BlueRiver Acquisition Corp., a Cayman Islands exempted company (the “Company”)
and Goldman Sachs & Co. LLC. (the “Underwriter”), relating to an underwritten initial public offering
(the “Public Offering”) of 28,750,000 of the Company’s units (including 3,750,000 units that may
be purchased pursuant to the Underwriter’s option to purchase additional units, the “Units”), each
comprised of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”),
and one-third of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the
holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in
the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”)
filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized
terms used herein are defined in paragraph 1 hereof.

 

In order to induce
the Company and the Underwriter to enter into the Underwriting Agreement and to proceed with the Public Offering and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, BlueRiver Ventures, LLC (the “Sponsor”)
and each of the undersigned (each, an “Insider” and, collectively, the “Insiders”)
hereby agree with the Company as follows:

 

1.            Definitions.
As used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with one or more businesses or entities; (ii)
 “Founder Shares” shall mean the 7,187,500 Class B ordinary shares of the Company, par value $0.0001
per share, outstanding prior to the consummation of the Public Offering; (iii) “Private Placement
Units” shall mean the 725,000 units (or 800,000 units if the Underwriter’s over-allotment option is
exercised in full) that will be acquired by the Sponsor for an aggregate purchase price of $7,250,000 (or up to $8,000,000 if
the Underwriter exercises its option to purchase additional units in full) in a private placement that shall close
simultaneously with the consummation of the Public Offering (including the Ordinary Shares underlying such units and the
Ordinary Shares issuable upon exercise of such private placement units thereof); (iv) “Public
Shareholders” shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering;
(v) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public
Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net
proceeds of the Public Offering and the sale of the Private Placement Units shall be deposited; (vii)
 “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate,
pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or
establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent
position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations
of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that
transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any
intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean
the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to
time.

 

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		2.	Representations and Warranties.

 

(a)             
The Sponsor and each Insider, with respect to itself, herself or himself, represent and warrant to the Company that it,
she or he has the full right and power, without violating any agreement to which it, she or he is bound (including, without limitation,
any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement, and,
as applicable, to serve as an officer of the Company and/or a director on the Company’s Board of Directors (the “Board”),
as applicable, and each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer
and/or director of the Company, as applicable.

 

(b)             
Each Insider represents and warrants, with respect to herself or himself, that such Insider’s biographical information
furnished to the Company (including any such information included in the Prospectus) is true and accurate in all material respects
and does not omit any material information with respect to such Insider’s background. The Insider’s questionnaire furnished
to the Company is true and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject
to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain
from any act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of,
or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another
person, or (iii) pertaining to any dealings in any securities and such Insider is not currently a defendant in any such criminal
proceeding; and such Insider has never been suspended or expelled from membership in any securities or commodities exchange or
association or had a securities or commodities license or registration denied, suspended or revoked.

 

3.           
Business Combination Vote. It is acknowledged and agreed that the Company shall not enter into a definitive agreement
regarding a proposed Business Combination without the prior consent of the Sponsor. The Sponsor and each Insider, with respect
to itself or herself or himself, agrees that if the Company seeks shareholder approval of a proposed initial Business Combination,
then in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares
and any Public Shares held by it, her or him, as applicable, in favor of such proposed initial Business Combination (including
any proposals recommended by the Board in connection with such Business Combination) and not redeem any Public Shares held by it,
her or him, as applicable, in connection with such shareholder approval.

 

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		4.	Failure to Consummate a Business Combination; Trust Account Waiver.

 

(a)              The
Sponsor and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails
to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider
shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up; (ii)
as promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned
on the funds held in the Trust Account and not previously released to the Company to pay income taxes (less up to $100,000 of
interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will
completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation
distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of
the Company’s remaining shareholders and the Board, liquidate and dissolve, subject in the case of clauses (ii) and
(iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and in all cases subject
to the other requirements of applicable law. The Sponsor and each Insider agree not to propose any amendment to the Charter
(i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the
right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares
if the Company does not complete an initial Business Combination within the required time period set forth in the Charter or
(ii) with respect to any provision relating to the rights of holders of Public Shares unless the Company provides its Public
Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds
held in the Trust Account and not previously released to the Company to pay income taxes, if any, divided by the number of
then-outstanding Public Shares.

 

(b)             
The Sponsor and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he has no right,
title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result
of any liquidation of the Company with respect to the Founder Shares held by it, her or him, if any. The Sponsor and each Insider
hereby further waives, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption
rights it, she or he may have in connection with (x) the completion of the Company’s initial Business Combination, and (y)
a shareholder vote to approve an amendment to the Charter (i) that would modify the substance or timing of the Company’s
obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business
Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the
time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares (although
the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Public Shares they hold if the Company
fails to consummate a Business Combination within the required time period set forth in the Charter).

 

		5.	Lock-up; Transfer Restrictions.

 

(a)             
The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”)
until the earliest of (A) one year after the completion of the Company’s initial Business Combination and (B) the date following
the completion of an initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization
or other similar transaction that results in all of the Public Shareholders having the right to exchange their Ordinary Shares
for cash, securities or other property (the “Founder Shares Lock-up Period”). Notwithstanding the foregoing,
if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted
for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-
trading day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares shall
be released from the Founder Shares Lock-up.

 

(b)             
Subject to the provisions set forth in paragraph 5(c), the Sponsor and Insiders agree that they shall not effectuate
any Transfer of Private Placement Units or the Ordinary Shares underlying such Private Placement Units until 30 days after the
completion of an initial Business Combination.

 

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(c)              Notwithstanding
the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Units
or Ordinary Shares underlying the Private Placement Units are permitted (a) to the Company’s officers or directors, any
affiliates or family member of any of the Company’s officers or directors, any members or partners of the Sponsor or
their affiliates, any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of an individual, by
gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the
individual’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an
individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual,
pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with the consummation
of a Business Combination at prices no greater than the price at which the Founder Shares, Private Placement Units or
Ordinary Shares, as applicable, were originally purchased; (f) by virtue of the Sponsor’s organizational documents upon
liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation in connection with the
consummation of its initial Business Combination, (h) in the event of the Company’s liquidation prior to the completion
of its initial Business Combination; or (i) in the event of completion of a liquidation, merger, share exchange or other
similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their
Ordinary Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; provided, however,
that in the case of clauses (a) through (f) these permitted transferees must enter into a written agreement agreeing to be
bound by these transfer restrictions.

 

(d)             
During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the
Sponsor and each Insider shall not, without the prior written consent of the Representatives, Transfer any Units, Ordinary Shares,
Warrants or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him,
as applicable, subject to certain exceptions enumerated in Section [6(h)] of the Underwriting Agreement.

 

6.           
Remedies. The Sponsor and each of the Insiders hereby agree and acknowledge that (i) the Underwriter and the Company
would be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable
under paragraphs 3, 4, 5, 7, 10 and 11, (ii) monetary damages may not be an adequate
remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy
that such party may have in law or in equity, in the event of such breach.

 

7.           
Payments by the Company. Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor
nor any director or officer of the Company nor any affiliate of the directors and officers shall receive from the Company any finder’s
fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation prior to, or in connection
with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless
of the type of transaction that it is).

 

8.           
Director and Officer Liability Insurance. The Company will maintain an insurance policy or policies providing directors’
and officers’ liability insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or
their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers.

 

9.           
Termination. This Letter Agreement shall terminate on the earlier of (i) the expiration of the Founder Shares Lock-
up Period and (ii) the liquidation of the Company; provided, however, that this Letter Agreement shall terminate
in the event that the Public Offering is not consummated and closed by [_____], 20[__]1;
provided further that paragraph 10 of this Letter Agreement shall survive such liquidation.

____________________________

 

1 24 months from the closing of this offering

 

    4 

     

    

 

10.          Indemnification.
In the event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business
Combination within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees
to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever
(including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or
defending against any litigation, whether pending or threatened) to which the Company may become subject as a result of any
claim by (i) any third party for services rendered or products sold to the Company (except for the Company’s
independent auditors) or (ii) any prospective target business with which the Company has discussed entering into a
transaction agreement (a “Target”); provided, however, that such indemnification of
the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such claims by a third party for
services rendered or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below
the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the
date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust
assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations, (y) shall not apply to
any claims by a third party or Target who executed a waiver of any and all rights to the monies held in the Trust Account
(whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s indemnity of the
Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor
shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if,
within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in
writing that it shall undertake such defense.

 

11.         
Forfeiture of Founder Shares. To the extent that the Underwriter does not exercise its option to purchase additional
Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically
surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number
of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time.
The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company
will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to
the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total
number of Ordinary Shares and Founder Shares outstanding at such time.

 

12.         
Entire Agreement. This Letter Agreement constitutes the entire agreement and understanding of the parties hereto
in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the
parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated
hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as
to any particular provision, except by a written instrument executed by (1) each Insider that is the subject of any such change,
amendment, modification or waiver and (2) the Sponsor.

 

13.         
Assignment. No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations
hereunder without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall
be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Letter
Agreement shall be binding on the Sponsor, each of the Insiders and each of their respective successors, heirs, personal representatives
and assigns and permitted transferees.

 

14.         
Counterparts. This Letter Agreement may be executed in any number of original or facsimile counterparts, and each
of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but
one and the same instrument.

 

15.         
Effect of Headings. The paragraph headings herein are for convenience only and are not part of this Letter Agreement
and shall not affect the interpretation thereof.

 

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16.        
 Severability. This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term
or provision hereof shall not affect the validity or enforceability of this Letter Agreement or of any other term or provision
hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall
be added as a part of this Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be
possible and be valid and enforceable.

 

17.         
Governing Law. This Letter Agreement shall be governed by and construed and enforced in accordance with the laws
of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction. The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or
relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New
York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive, and (ii) waive any
objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

 

18.         
Notices. Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter
Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt
requested), by hand delivery or facsimile or other electronic transmission.

 

[Signature Page Follows]

 

    6 

     

    

 

	 	Sincerely,
	 	 
	 	BlueRiver Ventures, LLC
	 	 
	 	By:	      
	 	Name: [Randall Mays]
	 	Title: Manager

 

	Acknowledge and Agreed:	 
	 	 
	BlueRiver Acquisition Corp.	 
	 	 
	By:	         	 
	Name: Randall Mays	 
	Title: Co-Chairman and Chief Executive Officer

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