Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 143

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 143
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 audit committee financial expert. The audit committee’s duties are specified in a charter and include, but not be limited to:

| ● | meeting with our independent                                                                                                 
 registered public accounting firm regarding, among other issues, audits, and adequacy of our accounting and control systems; |

| ● | monitoring the independence                           
 of the independent registered public accounting firm; |

| ● | verifying the rotation                                                                                                                  
 of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing 
 the audit as required by law;                                                                                                           |

| ● | inquiring and discussing                                             
 with management our compliance with applicable laws and regulations; |

| ● | pre-approving all audit                                                                                                            
 services and permitted non-audit services to be performed by our independent registered public accounting firm, including the fees 
 and terms of the services to be performed;                                                                                         |

| ● | appointing or replacing                            
 the independent registered public accounting firm; |

| ● | determining the compensation                                                                                                             
 and oversight of the work of the independent registered public accounting firm (including resolution of disagreements between management 
 and the independent registered public accounting firm regarding financial reporting) for the purpose of preparing or issuing an audit    
 report or related work;                                                                                                                  |

| ● | establishing procedures                                                                                                             
 for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports 
 which raise material issues regarding our financial statements or accounting policies; and                                          |

| ● | reviewing and approving                                                                                                              
 all payments made to our existing stockholders, executive officers or directors and their respective affiliates. Any payments made   
 to members of our audit committee will be reviewed and approved by our board of directors, with the interested director or directors 
 abstaining from such review and approval.                                                                                            |

99 The Audit Committee is composed exclusively of “independent directors” who are “financially literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially literate” as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and cash flow statement. Compensation Committee. The Compensation Committee consists of one director: Tone Bjornov, who is “independent” as defined by Nasdaq. Tone Bjornov serves as the compensation committee chairman. The Compensation Committee’s duties are specified in a charter and include, but not be limited to:

| ● | reviewing and approving                                                                                                      
 on an annual basis the corporate goals and objectives relevant to our chief executive officer