Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 329

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 329
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 services; |

| ● | controlled foreign corporations; |

| ● | passive foreign investment companies; |

| ● | governments or agencies or instrumentalities thereof; and |

| ● | tax-exempt entities. |

This discussion does not consider
the tax treatment of entities or arrangements treated as partnerships or other pass-through entities or persons who hold our securities
through such entities or arrangements. If you are a partnership or other pass-through entity for U.S. federal income tax purposes, the
U.S. federal income tax treatment of your partners will generally depend on the status of the partners and your activities. Partnerships
or other pass-through entities holding our securities and partners in such partnerships or other pass-through entities are urged to consult
their own tax advisors.

THIS DISCUSSION IS ONLY A SUMMARY
OF CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS ASSOCIATED WITH THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES.
THE UNITED STATES FEDERAL INCOME TAX TREATMENT OF THE PROSPECTIVE INVESTOR IN OUR SECURITIES MAY BE AFFECTED BY MATTERS NOT DISCUSSED
HEREIN AND DEPENDS IN SOME INSTANCES ON DETERMINATION OF FACT AND INTERPRETATIONS OF COMPLEX PROVISIONS OF UNITED STATES FEDERAL INCOME
TAX LAW FOR WHICH NO CLEAR PRECEDENT OR AUTHORITY MAY BE AVAILABLE. EACH PROSPECTIVE INVESTOR IN OUR SECURITIES IS URGED TO CONSULT ITS
OWN TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH INVESTOR OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR
SECURITIES, INCLUDING THE APPLICABILITY AND EFFECT OF ANY UNITED STATES FEDERAL STATE, LOCAL, AND NON-U.S. TAX LAWS AS WELL AS UNDER
ANY APPLICABLE TAX TREATY.

<div align='center'>201</div>

Allocation of Purchase Price and Characterization of a Unit

No statutory, administrative
or judicial authority directly addresses the treatment of a unit or instruments similar to a unit for U.S. federal income tax purposes
and, therefore, that treatment is not entirely clear. The acquisition of a unit should be treated for U.S. federal income tax purposes
as the acquisition of one share of our Class A ordinary shares and one-half of one warrant to acquire one of our Class A ordinary shares.
We intend to treat the acquisition of a unit in this manner and,