Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 262

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 262
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candidates for nomination to our board of directors.

Compensation Committee Interlocks and Insider Participation

None of our officers currently
serve, or in the past year have served, (i) as a member of the compensation committee or board of directors of another entity, one of
whose executive officers served on our compensation committee, or (ii) as a member of the compensation committee of another entity, one
of whose executive officers served on our board of directors.

Code of Business Conduct and Ethics

Prior to the effectiveness of
the registration statement of which this prospectus is a part, we will adopt a Code of Business Conduct and Ethics applicable to our
directors and officers. We will file a copy of our form of Code of Business Conduct and Ethics as an exhibit to the registration statement.
In addition, a copy of the Code of Business Conduct and Ethics will be provided without charge upon request from us. We intend to disclose
any amendments to or waivers of certain provisions of our Code of Business Conduct and Ethics in a Current Report on Form 8-K. See “Where
You Can Find Additional Information.”

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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;                |

| ● | duty to 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 which that director has.

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