BLEU bleuacacia ltd

On November 4, 2022, the board of directors (the “Board”) of bleuacacia ltd (the “Company”) appointed Kat Peeler as a director and a member of the audit committee effective as of November 4, 2022. The Board has determined that Ms. Peeler is an independent director. Ms. Peeler will serve as a director of the Company with a term of office that shall extend until the next annual meeting of shareholders of the Company or, if earlier, the date of her resignation or removal from the Board.

Since September 2016, Ms. Peeler has served as the Chief Executive Officer of Eco Guar Group, a global value added B2B supplier of non-GMO Guar products with a focus on sustainability and ethical community fair trade. Prior to this, Ms. Peeler was a senior executive at L’Oreal, the beauty products company, from 1998 to 2015. Her roles included Senior Vice-President of Garnier consumer business. Ms. Peeler received a Bachelor of Science in Engineering (BSE) degree from Princeton University and a Master of Management (MM) degree from Kellogg School of Management, Northwestern University.

On November 4, 2022, in connection with Ms. Peeler’s appointment to the Board, the Company and Ms. Peeler entered into (i) a joinder (the “Letter Agreement Joinder”) to the letter agreement (the “Letter Agreement”) dated November 17, 2021, entered into by and among the Company, its officers, directors and senior advisors at the time of the Company’s initial public offering and bleuacacia sponsor LLC (the “Sponsor”), which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on November 22, 2021 (the “Current Report”), (ii) a joinder (the “Registration Rights Agreement Joinder”) to the registration rights agreement (the “Registration Rights Agreement”) entered into by and among the Company, the Sponsor and the holders party thereto, which was filed as Exhibit 10.3 to the Current Report, under which Ms. Peeler will be granted certain registration rights on the same terms as the other holders at the time of the Company’s initial public offering and (iii) an indemnity agreement (the “Indemnity Agreement”) on the same terms as the indemnity agreements entered into by the directors and officers of the Company at the time of the Company’s initial public offering, a form of which was filed as Exhibit 10.6 to the Current Report.

Other than the foregoing, Ms. Peeler is not a party to any arrangement or understanding with any person pursuant to which she was appointed as a director, nor is she a party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company.

The foregoing descriptions of the Letter Agreement, the Letter Agreement Joinder, the Registration Rights Agreement, the Registration Rights Agreement Joinder and the Indemnity Agreement do not purport to be complete and are qualified in their entireties by reference to the copies of those documents which are attached hereto as Exhibit 10.1, 10.2, 10.3, 10.4 and 10.5, respectively, and are incorporated herein by reference.