pan-Africa corporation ^{Filed Terms, Nasdaq: BLEUU}

While we may pursue an initial business combination target in any business, industry, or geographic location, we intend to focus on opportunities in Africa — with a specific focus on geographies where we are confident that our team’s differentiated expertise and relationships will yield a world-class company. Our team represents a rare balance between deep expertise in U.S. capital markets paired with a well-earned understanding of the opportunities and realities of operating across profitable high growth sectors on the African continent. We believe that Africa presents a structurally attractive investment landscape underpinned by long-term macroeconomic trends. While we will leverage our expertise and extensive relationships to source opportunities, we intend to focus on industries that will benefit from the following long-term trends: demographic advantage, expanding consumer market, digital innovation, and abundant natural resources. Although we have a network that spans the African continent, we intend to primarily focus on select attractive markets: Nigeria, South Africa, Ethiopia, The Democratic Republic of Congo, and Kenya, targeting telecommunications, infrastructure, metals and mining, fintech, mobile money, and technology enablement.