Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1233

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1233
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 fraud in connection with any business entity; or (6) being the
subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization
(as defined in Section 3(a)(26) of the Exchange Act), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange
Act), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated
with a member.

Committees of the Board of Directors

Our board of directors has
three standing committees: an audit committee, a compensation committee and a corporate governance and nominating committee. Subject to
phase-in rules, the rules of Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed
company be comprised solely of independent directors, and the rules of Nasdaq require that the compensation committee and the nominating
and corporate governance committee of a listed company be comprised solely of independent directors. Each committee operates under a charter
that has been approved by our board of directors and has the composition and responsibilities described below. The charter of each committee
is available on our website.

Audit Committee

We have established an audit
committee of the board of directors. The members of our audit committee are Messrs. Flores and Fox and Ms. Burke. Mr. Flores serves
as chair of the audit committee.

Each member of the audit
committee is financially literate and our board of directors has determined that Mr. Flores qualifies as an “audit committee
financial expert” as defined in applicable SEC rules and has accounting or related financial management expertise.

We have adopted an audit
committee charter, which details the purpose and principal functions of the audit committee, including:

●assisting board oversight of (1) the integrity of our
financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent auditor’s qualifications
and independence, and (4) the performance of our internal audit function and independent auditors;

●the appointment, compensation, retention, replacement, and
oversight of the work of the independent auditors and any other independent registered public accounting firm engaged by us;

●pre-approving all audit and non-audit services
to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval policies
and procedures;

●