Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 693

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 693
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 purchase, sale, and other dispositions of the Company’s securities
by directors, officers and employees that we believe are reasonably designed to promote compliance with insider
trading laws, rules and regulations (the “Insider Trading Policy”). A copy of our Insider Trading Policy is attached as Exhibit
19.1 to this Annual Report.

68

ITEM
11. EXECUTIVE COMPENSATION.

None
of our officers or directors have received any cash compensation for services rendered to us. We may elect to make payment of customary
fees to members of our Board of Directors for director service. In addition, our Sponsor, officers and directors, or any of their respective
affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying
potential target businesses and performing due diligence on suitable Business Combinations. Our audit committee will review on a quarterly
basis all payments that were made to our Sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial
Business Combination will be made from funds held outside the Trust Account. Other than quarterly audit committee review of such reimbursements,
we do not expect to have any additional controls in place governing our reimbursement payments to our directors and officers for their
out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial
Business Combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting
fees, will be paid by the Company to our Sponsor, officers and directors, or any of their respective affiliates, prior to completion
of our initial Business Combination.

After
the completion of our initial Business Combination, directors or members of our management team who remain with us may be paid consulting
or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in
the proxy solicitation materials or tender offer materials furnished to our shareholders in connection with a proposed initial Business
Combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or
members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial Business Combination,
because the directors of the post-combination business will be responsible for determining officer and director compensation.

Any
compensation to be paid to our officers will be determined, or recommended to the Board of Directors for determination, either by