Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 327

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 327
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man
Islands income or corporation tax.

No stamp duty is payable in respect
of the issue of the warrants, the units or the Class A ordinary shares. An instrument of transfer in respect of a warrant, a unit or
a Class A ordinary share is stampable if executed in or, after the execution, brought into the Cayman Islands or produced before a court
of the Cayman Islands.

The Company has been incorporated
under the laws of the Cayman Islands as an exempted company with limited liability and, as such, has applied for and received an undertaking
from the Financial Secretary of the Cayman Islands in the following form:

<div align='center'>199

The Tax Concessions Law
Undertaking as to Tax Concessions</div>

In accordance with the Tax Concessions
Law the following undertaking is hereby given to

Copley Acquisition Corp “the
Company”

| (a) | That no Law which is hereafter enacted in the Islands imposing                                                    
 any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations; and |

| (b) | In addition, that no tax to be levied on profits, income,                                           
 gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable |

| (i) | on or in respect of the shares debentures or other obligations 
 of the Company; or                                             |

| (ii) | by way of the withholding in whole or part, of any relevant 
 payment as defined in the Tax Concessions Law.              |

These
concessions shall be for a period of THIRTY years from the 29 day of November 2024.

Certain U.S. Federal Income Tax Considerations

General

The following is a discussion
of certain U.S. federal income tax considerations generally applicable to ownership and disposition of our units, Class A ordinary shares
and warrants, which we refer to collectively as our securities. Because the components of a unit are separable at the option of the holder,
the holder of a unit generally should be treated, for U.S. federal income tax purposes, as the owner of the underlying Class A ordinary
share and one-half of one warrant components of the unit, as the case may be. As a result, the discussion below with respect to actual
holders of Class A ordinary shares and warrants should also apply to holders of units (as the deemed owners of the underlying Class A
ordinary