Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 492

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 492
---
 our decision to proceed with any potential business combination. We are not party to any agreements with our officers
and directors that provide for benefits upon termination of employment.

78 

Employment Agreements; Outstanding Equity
Awards; Key Man Insurance

Employment Agreements

The Company does not have
any employment agreements in place with any of its executive officers.

Outstanding Equity Awards at Fiscal Year-End

The Company: (i) did not
grant any stock options to its executive officers or directors during the year ended December 31, 2024; (ii) did not have any outstanding
unvested equity awards as of December 31, 2024; and (iii) had no options exercised by its Named Executive Officers in the fiscal year
ended December 31, 2024.

Key Man Insurance

The Company does not hold
“Key Man” life insurance on any of its officers or directors.

Compensation Of Directors

Directors who are not employees
of the Company do not receive any fees for meetings that they attend, but they are entitled to reimbursement for reasonable expenses
incurred while attending such meetings. In 2024, no compensation was paid to the Company’s directors for their services.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Principal Stockholders

The following table presents
certain information regarding the beneficial ownership of all shares of common stock as of March 19, 2025 by (i) each
person who owns beneficially more than five percent (5%) of the outstanding shares of common stock based on 9,585,750 shares outstanding
as of March 19, 2025, (ii) each of our directors, (iii) each named executive officer, and (iv) all directors and officers
as a group. Except as otherwise indicated, all shares are owned directly.

Beneficial ownership is determined
in accordance with the rules of the Securities and Exchange Commission and includes voting and/or investing power with respect to securities.
We believe that, except as otherwise noted and subject to applicable community property laws, each person named in the following table
has sole investment and voting power with respect to the shares of common stock shown as beneficially owned by such person. Additionally,
shares of common stock subject to options, warrants or other convertible securities that are currently exercisable or convertible, or
exercisable or convertible within 60 days of March 19,