Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 150

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 150
---
 that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our executive officers and directors that provide for benefits upon termination of employment.

Director Independence

Nasdaq requires that a majority of our board must be composed of “independent directors.” Currently[____], [____] and [____] would each be considered an “independent director” under the Nasdaq Stock Market Listing Rules, which is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship, which, in the opinion of the company’s board of directors would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our Independent Directors will have regularly scheduled meetings at which only independent directors are present.

We will only enter into a business combination if it is approved by a majority of our independent directors. Additionally, we will only enter into transactions with our officers and directors and their respective affiliates that are on terms no less favorable to us than could be obtained from independent parties. Any related-party transactions must also be approved by our audit committee and a majority of disinterested independent directors.

Committees of the Board of Directors

We will establish three committeesunder the board of directors: an audit committee, a compensation committee and a corporate governance and nominating committee and will adopt a charter for each of the three committees. Each committee’s members and functions are described below.

Audit committee

| ● | Under                                                                                             
 the Nasdaq Stock Market Listing Rules and applicable SEC rules, we are required to have three     
 members of the audit committee, all of whom must be independent. Our audit committee will         
 consists consist of [____], [____] and [____] , each of whom satisfies the “independence”         
 requirements of Rule 5605(a)(2) of the Nasdaq Stock Market Rules and meet the independence        
 standards under Rule 10A-3 under the Exchange Act. [____] will be the Chairperson of the          
 audit committee. The audit committee’s duties, which will be specified in our Audit               
 Committee Charter, will include, but are not limited to: reviewing and discussing with management 
 and the independent auditor the annual audited financial statements, and recommending to          
 the board whether the audited financial statements should be included in our Form 10-K;           |

| ● | discussing                                                                                       
 with management and the independent