Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 178

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 178
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 in the best interests of the company and, in the case of criminal proceedings, the person had no reasonable
cause to believe that their conduct was unlawful. The decision of the directors as to whether the person acted honestly and in good faith
and with a view to the best interests of the company and as to whether the person had no reasonable cause to believe that his conduct
was unlawful and is, in the absence of fraud, sufficient for the purposes of the memorandum and articles of association, unless a question
of law is involved. The termination of any proceedings by any judgment, order, settlement, conviction or the entering of a nolle prosequi
does not, by itself, create a presumption that the person did not act honestly and in good faith and with a view to the best interests
of the company or that the person had reasonable cause to believe that his conduct was unlawful.

We will enter into agreements
with our officers and directors to provide contractual indemnification in addition to the indemnification provided for in our memorandum
and articles of association. Our memorandum and articles of association also permit us to purchase and maintain insurance on behalf of
any officer or director who at the request of the company is or was serving as a director or officer of, or in any other capacity is or
was acting for, another company or a partnership, joint venture, trust or other enterprise, against any liability asserted against the
person and incurred by the person in that capacity, whether or not the company has or would have had the power to indemnify the person
against the liability as provided in the memorandum and articles of association. We will purchase a policy of directors’ and officers’
liability insurance that insures our officers and directors against the cost of defense, settlement or payment of a judgment in some circumstances
and insures us against our obligations to indemnify our officers and directors.

These provisions may discourage
shareholders from bringing a lawsuit against our directors for breach of their fiduciary duty These provisions also may have the effect
of reducing the likelihood of derivative litigation against officers and directors, even though such an action, if successful, might otherwise
benefit us and our shareholders. Furthermore, a shareholder’s investment may be adversely affected to the extent we pay the costs
of settlement and damage awards against officers and directors pursuant to these indemnification provisions.

We believe that these provisions,
the insurance and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

Insofar as indemnification for
liabilities arising under the