03/04/2026 | Press release | Distributed by Public on 03/04/2026 15:32
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 11, 2025, Blueport Acquisition Ltd (the "Company") entered into a consulting agreement (the "Consulting Agreement") with Hurricane Corporate Services Ltd. (the "Consultant"), a consulting company controlled by Kulwant Sandher, the Company's Chief Financial Officer. Pursuant to the Consulting Agreement, the Company has engaged the Consultant to provide Chief Financial Officer services to the Company, at the monthly fee of $3,000 plus reimbursable expenses actually incurred by the Consultant. The Agreement has a duration of three months commencing on the execution date and automatically renewed for an additional three months on February 11, 2026 in accordance with its terms. The Consulting Agreement provides that each party will indemnify the other for any breach of the agreement or any negligent or wrongful act or omission by the indemnifying party.
In November 2025, the Company orally agreed to pay each of its directors $7,500 per quarter as compensation for board services. Such agreement may be terminated by the Company at any time.