Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 177

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 177
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 than with respect to public shares they may acquire during or after this offering), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.”

We are not prohibited from pursuing
an initial business combination with a company that is affiliated with our sponsor, officers or directors or completing the business combination
through a joint venture or other form of shared ownership with our sponsor, officers or directors. In the event we seek to complete our
initial business combination with a company that is affiliated (as defined in our amended and restated memorandum and articles of association)
with our sponsor, officers or directors, we, or a committee of independent directors, will obtain an opinion from an independent investment
banking firm or another independent entity that commonly renders valuation opinions, stating that the consideration to be paid by us in
such an initial business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion
in any other context.

Prior to or in connection with
the completion of our initial business combination, there may be payment by the company to our sponsor, officers or directors, or our
or their affiliates, of a finder’s fee, advisory fee, consulting fee or success fee for any services they render in order to effectuate
the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from
funds held outside the trust account.

We cannot assure you that any
of the above mentioned conflicts will be resolved in our favor.

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In the event that we submit our
initial business combination to our public shareholders for a vote, our sponsor, officers and directors have agreed to vote their initial
shares, and private shares any shares purchased during or after the offering in favor of our initial business combination, aside from
shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of
approving the business combination transaction.

Limitation on Liability and Indemnification of Officers and Directors

Our memorandum and articles of
association provide that, subject to certain limitations, the company shall indemnify its directors and officers against all expenses,
including legal fees, and against all judgments, fines and amounts paid in settlement and reasonably incurred in connection with legal,
administrative or investigative proceedings. Such indemnity only applies if the person acted honestly and in good faith with a view to
what the person believes is