Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 207

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 207
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 reconstruction and/or an amalgamation may in some circumstances be achieved through other means to these statutory provisions,
such as a share capital exchange, asset acquisition or control, through contractual arrangements, of an operating business.

Shareholders’ Suits. In
principle, we will normally be the proper plaintiff to sue for a wrong done to us as a company and as a general rule, a derivative action
may not be brought by a minority shareholder. However, based on English law authorities, which would in all likelihood be of persuasive
authority in the Cayman Islands, the Cayman Islands courts can be expected to follow and apply the common law principles (namely the rule
in Foss v. Harbottle and the exceptions thereto) so that a non-controlling shareholder may be permitted to commence a class action
against or derivative actions in the name of the company to challenge:

| ● | an act which is illegal or ultra vires with respect to the company and is therefore incapable of ratification by the shareholders; |

| ● | an act which, although not ultra vires, requires authorization by a qualified (or special) majority (that is, more than a simple majority) which has not been obtained; and |

| ● | an act which constitutes a “fraud on the minority” where the wrongdoers are themselves in control of the company. |

Enforcement of Civil Liabilities
in the Cayman Islands. The Cayman Islands has a different body of securities laws as compared to the United States and provides less protection
to investors. Additionally, Cayman Islands companies may not have standing to sue before the Federal courts of the United States.

We have been advised by our Cayman
Islands legal counsel that there is uncertainty as to whether the courts of the Cayman Islands would (i) recognize or enforce against
us judgments of courts of the United States based on certain civil liability provisions of U.S. securities laws; and (ii) entertain original
actions brought in the Cayman Islands against us or our directors or officers predicated upon the securities laws of the United States
or any state in the United States.

There is no statutory enforcement
in the Cayman Islands of judgments obtained in the United States, although the courts of the Cayman Islands will in certain circumstances
recognize and enforce a foreign judgment, without any re-examination or re-litigation of matters adjudicated upon, provided such judgment:

| ● | is given by a foreign court of competent jurisdiction; |

| ● | imposes on