Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 148

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 148
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 combination and expend all of the net proceeds of this offering, other than the proceeds deposited in the trust account,
and without taking into account interest, if any, earned on the trust account and interest to pay dissolution expenses up to $100,000,
the initial per-share redemption price from the trust account would be $10.00.

The proceeds deposited in the
trust account could, however, become subject to the claims of our creditors which would be prior to the claims of our public shareholders.
Although we will seek to have all vendors, including lenders for money borrowed, prospective target businesses or other entities we engage
execute agreements with us waiving any right, title, interest or claim of any kind in or to any monies held in the trust account for the
benefit of our public shareholders, there is no guarantee that they will execute such agreements or even if they execute such agreements
that they would be prevented from bringing claims against the trust account, including but not limited to, fraudulent inducement, breach
of fiduciary responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order
to gain an advantage with a claim against our assets, including the funds held in the trust account. If any third party refused to execute
an agreement waiving such claims to the monies held in the trust account, we would perform an analysis of the alternatives available to
us if we chose not to engage such third party and evaluate if such engagement would be in the best interest of our shareholders if such
third party refused to waive such claims. Examples of possible instances where we may engage a third party that refused to execute a waiver
include the engagement of a third-party consultant whose particular expertise or skills are believed by management to be significantly
superior to those of other consultants that would agree to execute a waiver or in cases where management is unable to find a provider
of required services willing to provide the waiver. In any event, our management would perform an analysis of the alternatives available
to it and would only enter into an agreement with a third party that did not execute a waiver if management believed that such third party’s
engagement would be significantly more beneficial to us than any alternative. In addition, there is no guarantee that such entities will
agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with
us and will not seek recourse against the trust account for any reason.

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