Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 186

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 186
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 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 the judgment debtor a liability to pay a liquidated sum for which the judgment has been 
 given;                                                                                     |

| ● | is     
 final; |

| ● | is                                            
 not in respect of taxes, a fine or a penalty; |

| ● | was                        
 not obtained by fraud; and |

| ● | is                                                                                         
 not of a kind the enforcement of which is contrary to natural justice or the public policy 
 of the Cayman Islands.                                                                     |

Subject to the above limitations, in appropriate circumstances, a Cayman Islands court may give effect in the Cayman Islands to other kinds of final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions.

Special Considerations for Exempted Companies. We are an exempted company with limited liability (meaning our public shareholders have no liability, as members of the company, for liabilities of the company over and above the amount paid for their shares) under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except for the exemptions and privileges listed below:

| ● | annual                                                                                             
 reporting requirements are minimal and consist mainly of a statement that the company has          
 conducted its operations mainly outside of the Cayman Islands and has complied with the provisions 
 of the Companies Act;