Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 154

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 154
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egotiated transactions, aside from shares they may purchase in compliance with         
 the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor          
 of approving our initial business combination. Additionally, our officers and directors will      
 not receive distributions from the trust account with respect to any of their initial shares      
 if we do not complete a business combination. Furthermore, our initial shareholders have          
 agreed that the private units will not be sold or transferred by them until after we have         
 completed our initial business combination. In addition, our officers and directors may loan      
 funds to us after this offering and may be owed reimbursement for expenses incurred in connection 
 with certain activities on our behalf which would only be repaid if we complete an initial        
 business combination. For the foregoing reasons, the personal and financial interests of          
 our directors and executive officers may influence their motivation in identifying and selecting  
 a target business, completing a business combination in a timely manner and securing the          
 release of their shares.                                                                          |

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Under Cayman Islands law, directors owe the following fiduciary duties:

| ● | duty                                                                                          
 to act in good faith in what the director believes to be in the best interests of the company 
 as a whole;                                                                                   |

| ● | duty                                                                                               
 to exercise powers for the purposes for which those powers were conferred and not for a collateral 
 purpose;                                                                                           |

| ● | directors                                                       
 should not improperly fetter the exercise of future discretion; |

| ● | duty                                                                                       
 not to put themselves in a position in which there is a conflict between their duty to the 
 company and their personal interests; and                                                  |

| ● | duty                              
 to exercise independent judgment. |

In addition to the above, directors also owe a duty to act with skill, care and diligence. This duty has been defined as a requirement to act as a reasonably diligent person having both the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions as are carried out by that director in relation to the company and the general knowledge, skill and experience which that director has.

As set out above, directors have a duty not to put themselves in a position of conflict and this includes a duty not to engage in self-dealing, or to otherwise benefit as a result of their position. However, in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized in advance by the shareholders provided that there is full disclosure by the directors.