Blueport sets CFO consulting and board fees
Blueport Acquisition Ltd has restructured how it pays for financial leadership and board oversight.
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Rhea-AI Filing Summary
Blueport Acquisition Ltd has restructured how it pays for financial leadership and board oversight. On November 11, 2025, the company entered a consulting agreement with Hurricane Corporate Services Ltd., a firm controlled by Chief Financial Officer Kulwant Sandher, under which the consultant provides CFO services for $3,000 per month plus reimbursed expenses. The initial term is three months, automatically renewed for another three months on February 11, 2026, and includes mutual indemnification for breaches or negligent or wrongful acts or omissions.
In November 2025, Blueport also orally agreed to pay each director $7,500 per quarter for board service, and this arrangement may be terminated by the company at any time. These steps clarify and formalize compensation for both the CFO role and directors.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What consulting agreement did Blueport Acquisition Ltd (BPAC) approve for its CFO role?
How long does the Blueport (BPAC) CFO consulting agreement remain in effect?
What compensation will Blueport Acquisition Ltd (BPAC) directors receive?
Who controls Hurricane Corporate Services Ltd in the Blueport (BPAC) agreement?
Does the Blueport (BPAC) consulting agreement include indemnification provisions?
AI-generated analysis. How Rhea-AI works. Not financial advice.