Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 283

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 283
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 the heading
“Principal Shareholders — Registration Rights.”

<div align='center'>175</div>

Related Party Policy

We have not yet adopted a formal
policy for the review, approval or ratification of related party transactions. Accordingly, the transactions discussed above were not
reviewed, approved or ratified in accordance with any such policy.

Prior to the consummation of
this offering, we will adopt a code of business conduct and ethics requiring us to avoid, wherever possible, all conflicts of interests,
except under guidelines or resolutions approved by our board of directors (or the appropriate committee of our board) or as disclosed
in our public filings with the SEC. Under our code of business conduct and ethics, conflict of interest situations will include any financial
transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness) involving the company. We will file
a form of the code of business conduct and ethics that we plan to adopt prior to the consummation of this offering as an exhibit to the
registration statement of which this prospectus is a part.

In addition, our audit committee,
pursuant to a written charter that we will adopt prior to the consummation of this offering, will be responsible for reviewing and approving
related party transactions to the extent that we enter into such transactions. An affirmative vote of a majority of the members of the
audit committee present at a meeting at which a quorum is present will be required in order to approve a related party transaction. A
majority of the members of the entire audit committee will constitute a quorum. Without a meeting, the unanimous written consent of all
of the members of the audit committee will be required to approve a related party transaction. A form of the audit committee charter
that we plan to adopt prior to the consummation of this offering will be filed as an exhibit to the registration statement of which this
prospectus is a part. We also require each of our directors and executive officers to complete a directors’ and officers’
questionnaire that elicits information about related party transactions.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on
the part of a director, employee or officer.

To further minimize conflicts
of interest, we have agreed not to consummate an initial business combination with an entity that is affiliated with any of our sponsor,
officers or directors, or the non-managing sponsor investors, unless we, or a committee of independent