Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 147

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 147
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 respect to amounts that are owed to
them. We cannot assure you that we will properly assess all claims that may be potentially brought against us. As such, our shareholders
could potentially be liable for any claims of creditors to the extent of distributions received by them as an unlawful payment in the
event we enter an insolvent liquidation. Furthermore, while we will seek to have all vendors and service providers (which would include
any third parties we engaged to assist us in any way in connection with our search for a target business) and prospective target businesses
execute agreements with us waiving any right, title, interest or claim of any kind they may have in or to any monies held in the trust
account, there is no guarantee that they will execute such agreements. Nor is there any guarantee that, even if such entities execute
such agreements with us, they will not seek recourse against the trust account or that a court would conclude that such agreements are
legally enforceable.

Each of our initial shareholders
and our officers and directors have agreed to (i) waive their redemption rights with respect to their initial shares, private shares and
public shares in connection with the completion of our initial business combination; (ii) waive their redemption rights with respect to
their initial shares, private shares and public shares in connection with a shareholder vote to approve an amendment to our amended and
restated memorandum and articles of association (a) to modify the substance or timing of our obligation to allow redemption in connection
with our initial business combination or to redeem 100% of our public shares if we have not consummated an initial business combination
within the completion window or (b) with respect to any other material provisions relating to shareholders’ rights or pre-initial
business combination activity; (iii) waive their rights to liquidating distributions from the trust account with respect to their initial
shares and private shares if we fail to complete our initial business combination within the completion window, although they will be
entitled to liquidating distributions from the trust account with respect to any public shares they hold if we fail to complete our initial
business combination within the prescribed time frame; and (iv) vote any initial shares and private shares held by them and any public
shares purchased during or after this offering (including in open market and privately-negotiated transactions) in favor of our initial
business combination. There will be no distribution from the trust account with respect to our rights, which will expire worthless.

If we are unable to complete an
initial business