Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 263

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 263
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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 amended and restated memorandum and articles of association or alternatively by shareholder approval at general meetings.

In addition, members of our
management team and our board of directors will directly or indirectly own founder shares and/or placement units following this offering,
as set forth in “Principal Shareholders,” and, accordingly, may have a conflict of interest in determining whether a particular
target business is an appropriate business with which to effectuate our initial business combination.

Each of our directors and officers
presently has, and in the future any of our directors and our officers may have additional, fiduciary or contractual obligations to other
entities pursuant to which such officer or director is or will be required to present acquisition opportunities to such entity. Accordingly,
subject to his or her fiduciary duties under Cayman Islands law, if any of our officers or directors becomes aware of an acquisition
opportunity which is suitable for an entity to which he or she has then current fiduciary or contractual obligations, he or she will
need to honor his or her fiduciary or contractual obligations to present such acquisition opportunity to such entity. 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 expectancy
in, or in being offered an opportunity to participate in, any potential transaction or matter which (a) may be a corporate opportunity
for any director or officer, on the one hand, and us, on the other unless such opportunity is expressly offered to such director or officer
in their capacity as a director or officer of the company and the opportunity is one the company is legally and contractually permitted
to undertake and would otherwise be reasonable for the company to pursue or (b) the presentation of which would breach an existing legal
obligation of a director or officer to any other entity. Our directors and officers are also not required to commit any specified amount
of time to our affairs, and, accordingly, will have conflicts of interest