Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 833

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 4
Chunk 833
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 us. We intend to disclose any amendments to or waivers of certain provisions of our Code of
Ethics in a current report on Form 8-K. Our Code of Ethics is a “code of ethics,” as defined in Item 406(b) of Regulation
S-K. We will make any legally required disclosures regarding amendments to, or waivers of, provisions of our Code of Ethics on our website.

Conflicts of Interest

Under Cayman Islands law, directors and officers owe the following
fiduciary duties:

●duty to act in good faith in what the director or officer believes to be in the best interests of the company as a whole;

●duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose;

●directors should not improperly fetter the exercise of future discretion;

●duty to exercise powers fairly as between different sections of shareholders;

●duty not to put themselves in a position in which there is a conflict between their duty to the company and their personal interests;
and

●duty to exercise independent judgment.

In addition to the above, directors also owe a duty of care which is
not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably diligent person having both the general knowledge,
skill and experience that may reasonably be expected of a person carrying out the same functions as are carried out by that director in
relation to the company and the general knowledge skill and experience of that director.

As set out above, directors have a duty not to put themselves in a
position of conflict and this includes a duty not to engage in self-dealing, or to otherwise benefit as a result of their position. However,
in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized in advance by the shareholders provided
that there is full disclosure by the directors. This can be done by way of permission granted in the memorandum and articles of association
or alternatively by shareholder approval at general meetings.

72

Each of our officers and directors presently has, and any of them in
the future may have additional, fiduciary or contractual obligations to another entity, pursuant to which such officer or director is
or will be required to present a Business Combination opportunity to such entity. Accordingly, if any of our officers or directors becomes
aware of a Business Combination opportunity which is suitable for an entity to which he or she has then-current fiduciary or contractual
obligations, he or she will honor his or