Company: BPAC
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001185185-25-000502
Chunk: 29

Company: Blueport Acquisition Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 29
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. These proceeds           
 include $1,380,000 (or $1,587,000 if the underwriters’ over-allotment option is exercised in full) in deferred underwriting                    
 commissions. The funds in the trust account will be invested pursuant to the investment management trust agreement entered into among          
 us and [___]. The remaining net proceeds of this offering and the sale of the private units will not be held in the trust account.             |
|                                       |     | Except as set forth below, the proceeds                                                                                                        
 held in the trust account will not be released to us until the earlier of: (1) the completion of our initial business combination              
 within the required time period and (2) our redemption of 100% of the outstanding public shares if we have not completed a business            
 combination in the required time period. Therefore, unless and until our initial business combination is consummated, the proceeds             
 held in the trust account will not be available for our use for any expenses related to this offering or expenses which we may incur           
 related to the investigation and selection of a target business and the negotiation of an agreement in connection with our initial             
 business combination.                                                                                                                          |

<div align='center'>16</div>

| Notwithstanding the foregoing,                                                                                                        
 there will be released to us from the trust account any interest earned on the funds in the trust account that we need to pay our     
 income or other tax obligations. With these exceptions, expenses incurred by us may be paid prior to a business combination only      
 from the net proceeds of this offering not held in the trust account (estimated to initially be $1,251,000); provided, however, that  
 in order to meet our working capital needs following the consummation of this offering if the funds not held in the trust account     
 are insufficient, our initial shareholders, officers and directors or their affiliates may, but are not obligated to, loan us funds,  
 from time to time or at any time, in whatever amount they deem reasonable in their sole discretion. Each loan would be evidenced      
 by a promissory note. The notes would either be paid upon consummation of our initial business combination, without interest, or,     
 at the lender’s discretion, up to $[1,500,000] of the working capital loans may be converted upon consummation of our business        
 combination into private units at a price of $10.00 per unit. If we do not complete a business combination, the loans would be repaid 
 out of funds not