BurTech enters non-redemption agreement guaranteeing $1.50/share to retain shares for Blaize merger

Blaize Holdings, Inc.

Non-redemption agreement with unaffiliated stockholders who agreed not to redeem shares in exchange for a guaranteed return of $1.50 per share and a put option post-merger.
Blaize and sponsor BurTech LP LLC guarantee the $1.50 per share return; company deposits maximum redemption amount into escrow.
Put option exercisable 90-180 days after merger closing at a price of redemption price plus $1.50 per share.
Investors may sell shares in open market at floor price of $11.50 (subject to adjustment); escrow funds partially released upon sale.
Agreement automatically terminates if Blaize shares trade at or above $13.00 for 20 out of 30 consecutive trading days.

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