Let $a^*$ and $b^*$ be the two linear combinations of $a$ and $b$ that satisfy $$ a\cdot a^* = b\cdot b^* = 1\qquad\text{while}\qquad a\cdot b^* = b\cdot a^* = 0, $$ and write $x = v\,a^* + w\,b^* + c$ where $c:I^2\to\mathbb{R}^4$ satisfies $a\cdot c = b\cdot c = 0$. Then the above equations become $v_t = w_u = v_u-w_t=0$, which implies that there are constants $v_0$, $w_0$, and $r_0$ such that $$ x = (v_0 + r_0\, u)\,a^* + (w_0 + r_0\, t)\,b^* + c.\tag 3 $$ Moreover, $c$ is arbitrary subject to the equations $a\cdot c = b\cdot c = 0$. This is the general solution of the system in the case that $a$ and $b$ are (linearly independent) constants. Imposing the given 'auxilliary conditions' forces $v_0=r_0=w_0=0$ and $c(t,0)=c_u(t,0)=0$, so the solution reduces to $x(t,u) = u^2w(t,u)$ where $w:I^2\to\mathbb{R}^4$ is any mapping satisfying the two linear constraints $a\cdot w = b\cdot w = 0$. Thus, the general solution subject to the auxilliary conditions still depends on two arbitrary functions of two variables. (A similar story holds whenever $a$ and $b$ take values in a fixed $2$-dimensional subspace $S\subset\mathbb{R}^4$.)
Methods for writing down the solutions of an equation such as (7) arecan be found in the 19th century PDE literature. I can say more about this if you wantare interested. The most elementary thing to do is to simply take one of the pair $(v,w)$ to be an arbitrary function on $I^2$ and then use the integrating factor method to solve the resulting linear PDE for the other. There
There are, of course, more sophisticated things one can do to reduce the problem further to an 'explicit solution' without any integration involved. In particular, it can be shown that, for 'generic' $a$ and $b$ (i.e., for $(a,b)$ in a classical normaldense, open set in the $C^\infty$-topology on pairs of smooth maps $I^2\to\mathbb{R}^4$), there exist second-order linear differential operators $A$ and $B$ on $C^\infty(I^2)$ such that $(v,w) = \bigl(A(z),B(z)\bigr)$ solves (7) for every smooth function $z$ on $I^2$ and, moreover, every smooth solution $(v,w)$ of (7) is of the form $(v,w) = \bigl(A(z),B(z)\bigr)$ for some smooth function $z$ on $I^2$. The auxilliary conditions then translate into a pair of linear conditions on $z$ and its partials up to fourth order along the edge $u=0$.