Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 269

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 269
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 make additional investments, such
proposed investments could influence our sponsor’s motivation to complete an initial business combination. In addition, following
the completion of this offering and until we consummate our initial business combination, affiliates of our sponsor, and our officers
and directors may also participate in the formation of, or become an officer or director of, another special purpose acquisition company.

In the event that we submit
our initial business combination to our public shareholders for a vote, our sponsor, officers and directors have agreed, pursuant to
the terms of a letter agreement entered into with us, to vote any founder shares and/or placement shares held by them (and their permitted
transferees will agree), and any public shares purchased during or after this offering, in favor of our initial business combination,
aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be
voted in favor of approving the business combination transaction.

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Limitation on Liability and Indemnification of Officers and Directors

Cayman Islands law does not
limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors,
except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide
indemnification against willful default, fraud or the consequences of committing a crime. Our amended and restated memorandum and articles
of association provide for indemnification of our officers and directors to the maximum extent permitted by law, including for any liability
incurred in their capacities as such, except through their own actual fraud, willful default or willful neglect.

We will enter into agreements
with our directors and officers to provide contractual indemnification in addition to the indemnification provided for in our amended
and restated memorandum and articles of association. We may purchase a policy of directors’ and officers’ liability insurance
that insures our officers and directors against the cost of defense, settlement or payment of a judgment in some circumstances and insures
us against our obligations to indemnify our officers and directors.

We believe that these provisions,
the insurance and the indemnity agreements are necessary to attract and retain talented and experienced directors and officers.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing
provisions, we have been informed that in the opinion of the