Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 209

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 209
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 liquidation prior to our consummation     
 of our initial business combination; (i) by virtue of the laws of the State of Delaware, the Sponsor’s limited liability company           
 agreement, upon dissolution of the Sponsor; and (j) in the event that, subsequent to our consummation of an initial business combination,  
 we complete a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the         
 right to exchange their Class A ordinary shares for cash, securities or other property; provided, however, that in the case of clauses     
 (a) through (f) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions        
 and the other restrictions contained in the letter agreement.                                                                              |

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| Subject                                                                                                                          
 Securities                                                                                                                       |     | Transfer                                                                                        
 Restrictions                                                                                    |     | Natural                                   
 Persons and                               
 Entities Subject to Restrictions          |     | Exceptions               
 to Transfer Restrictions |
| Placement Units, Placement Shares, Placement Warrants, Working Capital Units,                                                    
 Working Capital Warrants, Working Capital Shares, Extension Units, Extension Warrants, Extension Shares and any Class A ordinary 
 shares issuable upon exercise of any Placement Warrants, Working Capital Warrants or Extension Warrants                          |     | No Transfer                                                                                     
 until 30 days after the completion of our initial business combination.                         
 Further, from the effective date                                                                
 of this offering and ending 180 days thereafter, no Transfers without the prior written consent 
 of Clear Street.                                                                                |     | Our sponsor,                              
 officers, directors and director nominees |     | Same as above.           |

While the non-managing
sponsor investors will not be a party to the letter agreement discussed above with each of our sponsor, directors and officers, and they
do not fall under the definition of an “Insider” contained in such letter agreement, they will be bound by the restrictions
set forth above with respect to their allocated founder shares and placement units or securities comprising the placement units to the
extent of, and as a result of, their ownership of membership interests in the sponsor and their control by the sponsor’s manager.
The non-managing sponsor investors will not otherwise be bound by the terms of the letter agreement and are not required to vote any
public securities they may acquire in favor of an initial business combination.

Pursuant to the underwriting
agreement to be entered into by us and Clear Street, we have agreed to issue to Clear