Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 165

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 165
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We believe Mr. Sanders is qualified
to serve on our board due to his years of legal experience as and experience as director of various companies listed on Nasdaq and other
exchanges..

Number and Terms of Office of Officers and Directors

Our board of directors consists
of four members and is divided into three classes with only one class of directors being appointed in each year, and with each class (except
for those directors appointed prior to our first annual general meeting) serving a three-year term. The term of office of the first class
of directors, which consists of Mr. Sanders, will expire at our first annual general meeting. The term of office of the second class of
directors, which consists of Ms. Yieh and Mr. Silverman will expire at the second annual general meeting. The term of office of the third
class of directors, which consists of William Rosenstadt, will expire at the third annual general meeting.

Prior to the closing of our initial
business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors.
Holders of our public shares will not be entitled to vote on such matters during such time. These provisions of our amended and restated
memorandum and articles of association relating to these rights of holders of Class B ordinary shares may be amended by a special resolution
passed by the affirmative vote of at least 90% of such shareholders as, being entitled to do so, vote in person or, where proxies are
allowed, by proxy at the applicable general meeting of the company, or by way of unanimous written resolution. In accordance with Nasdaq
corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end
following our listing on Nasdaq.

Our officers are appointed by
the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors
is authorized to vote to appoint officers as it deems appropriate pursuant to our amended and restated memorandum and articles of association.

Executive Officer and Director Compensation

No compensation was awarded to,
earned by, or paid to our officers or directors for the last completed fiscal year. Commencing on the date that our securities are first
listed on Nasdaq through the earlier of the consummation of our initial business combination and our liquidation, we will pay to our sponsor
$10,000 per month for office space, utilities, secretarial and administrative support