Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 259

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 259
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 entity associated with certain of our officers and directors, in an amount that constitutes a market standard advisory fee for comparable transactions and services provided; and (iv) to reimburse for any out-of-pocket expenses related to identifying, investigation and completing an initial business combination. Our audit committee will review on a quarterly basis all payments made by us to our sponsor, officers or directors or any of their controlled affiliates.

In consideration of services to be rendered to us, we and our sponsor have agreed to compensate our directors and officers upon the completion of an initial business combination and subject to the recipients continued service from our initial public offering through the closing of our initial business combination.

Our independent directors shall receive a cash payment of $60,000 and our sponsor shall transfer to each independent director 24,000 founder shares. Additionally, our sponsor shall transfer the following number of founder shares to the individuals listed below:

| ● | Francis Chi-Yin Ng (Co-Chief Executive Officer) – 200,000 founder shares |
| ● | Chibo Tang (Co-Chief Executive Officer) – 200,000 founder shares         |
| ● | Menghan Zhang (Chief Financial Officer) – 100,000 founder shares         |
| ● | Chun Kit Chu (Chief Marketing Officer) – 100,000 founder shares          |
| ● | Tok Li (Chief Legal Officer) – 100,000 founder shares                    |
| ● | Tsz Chiu Guan (Chief Operating Officer) – 10,000 founder shares          |

After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting, management or other fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed business combination. It is unlikely the amount of such compensation will be known at the time such materials are distributed, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors.

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We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain