IPEX · Inflection Point Acquisition Corp. V

Class B ordinary shares of the Issuer are convertible into the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-284082), as amended, and have no expiration date.

This report is being filed solely to disclose a change in beneficial ownership by the reporting person as a result of an administrative change as of January 1, 2026 in the internal governance documents of Inflection Point Asset Management LLC and Inflection Point GP I LLC, and not as a result of any sale, transfer, or other disposition of securities by the reporting person or Inflection Point Fund I, LP. Inflection Point Fund I, LP is the record holder of such securities. Inflection Point Asset Management LLC and Inflection Point GP I LLC are the investment manager and general partner, respectively, of Inflection Point Fund I, LP.

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights. There is no expiration date of the Class B ordinary shares.

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights. There is no expiration date of the Class B ordinary shares.

Class B ordinary shares of the Issuer are convertible into the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-284082), as amended, and have no expiration date.

The 990,000 Class B ordinary shares reported herein (collectively, the "Shares") were acquired by the Reporting Person pursuant to the Purchase Agreement, dated as of September 9, 2025 ("Purchase Agreement"), by and between Maywood Sponsor LLC and Inflection Point Fund I LP. On September 9, 2025, the transactions contemplated by the Purchase Agreement were consummated and the Reporting Person purchased the Shares for an aggregate purchase price of $1,300,000.00.