Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 406

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1B
Chunk 406
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 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 her fiduciary or contractual obligations to present such Business Combination opportunity to
such entity, and may only decide to present it to us if such entity rejects the opportunity and consummating the same would not violate
any restrictive covenants to which such officers and directors are subject. Notwithstanding the foregoing, we may pursue an acquisition
opportunity with an entity to which an officer or director has a fiduciary or contractual obligation. Any such entity may co-invest with
us in the target business at the time of our Business Combination, or we could raise additional proceeds to complete the acquisition by
issuing to such entity a class of equity or equity-linked securities. Our amended and restated memorandum and articles of association
provide that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have any
duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business
activities or lines of business as us; and (ii) we renounce any interest or