Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 189

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 189
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 unaffiliated third parties. Such transactions will require prior approval
by our audit committee and a majority of our uninterested “independent” directors, or the members of our board who do not
have an interest in the transaction, in either case who had access, at our expense, to our attorneys or independent legal counsel. We
will not enter into any such transaction unless our audit committee and a majority of our disinterested independent directors determine
that the terms of such transaction are no less favorable to us than those that would be available to us with respect to such a transaction
from unaffiliated third parties. Additionally, we require each of our directors and executive officers to complete a directors’
and officers’ questionnaire that elicits information about related party transactions.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the
part of a director, employee or officer.

To further minimize potential
conflicts of interest, we have agreed not to consummate a business combination with an entity which is affiliated with any of our initial
shareholders unless we obtain an opinion from an independent investment banking firm that the business combination is fair to our unaffiliated
shareholders from a financial point of view. In addition, we may pay our existing officers, directors, special advisors or initial shareholders,
or any entity with which they are affiliated, a finder’s fee, consulting fee or other compensation prior to, or for any services
they render in order to effectuate, the consummation of a business combination (regardless of the type of transaction).

<div align='center'>105

DESCRIPTION OF SECURITIES</div>

General

We are a Cayman Islands exempted
company (company number OC-417529) and our affairs will be governed by our post-offering amended and restated memorandum and articles
of association that will become effective immediately prior to the completion of this offering, the Companies Act and common law of the
Cayman Islands. Pursuant to our post-offering amended and restated memorandum and articles of association, our share capital will be $50,000
divided into 450,000,000 Class A Ordinary Shares of par value $0.0001 each and 50,000,000 Class B Ordinary Shares of par value $0.0001
each. The following description summarizes the material terms of our shares as set out more particularly in our post-offering amended
and restated memorandum and articles of association