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Blue Water Acquisition Corp. III filed a current report describing a new form of indemnity agreement for its directors and officers appointed on November 25, 2025. This new agreement replaces the prior indemnity form that applied to former directors and officers who resigned on that date.
Under the new indemnity agreement, the company will indemnify, hold harmless and exonerate each covered individual to the fullest extent permitted by applicable law and its amended and restated memorandum and articles of association. The agreement also provides for the advancement of expenses, to the fullest extent not prohibited by Cayman Islands or Delaware law, and sets out procedures, qualifications and limitations for seeking indemnification. The form of the indemnity agreement is filed as Exhibit 10.1.
Blue Water Acquisition Corp. III disclosed an initial ownership report for its Chief Financial Officer, Troy Rillo. The filing states that, as of the event date of 11/25/2025, he does not beneficially own any non-derivative or derivative securities of Blue Water Acquisition Corp. III. The report is filed as a single-person Form 3, confirming his officer role and current lack of reported equity holdings in the company.
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