Company: GPAC
Filing Date: 2025-10-14
Form Type: S-1
Source: 0001140361-25-038051
Chunk: 245

Company: General Purpose Acquisition Corp.
Filing Date: 2025-10-14
Form: S-1
Chunk 245
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-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 auditor 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; |

| ■ | monitoring compliance on a quarterly basis with the terms of this offering and, if any noncompliance is identified, immediately taking all action necessary to rectify such noncompliance or otherwise causing compliance with the terms of this offering; and |

| ■ | reviewing and approving all payments made to our existing shareholders, 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. |

Nominating Committee We will establish a nominating committee of our board of directors. The members of our nominating committee will be Chele Farley, Warren Hosseinion and Alexandros Argyros. Chele Farley will serve as chair of the nominating committee. Our board of directors has determined that each of Chele Farley, Warren Hosseinion and Alexandros Argyros is independent.

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The nominating committee will be responsible for overseeing the selection of persons to be nominated to serve on our board of directors. The nominating committee will consider persons identified by its members, management, shareholders, investment bankers and others. Guidelines for Selecting Director Nominees The guidelines for selecting nominees, which will be specified in a charter adopted by us, generally provide that persons to be nominated:

| ■ | should have demonstrated notable or significant achievements in business, education or public service; |

| ■ | should possess the requisite intelligence, education and experience to make a significant contribution to the board of directors and bring a range of skills, diverse perspectives and backgrounds to its deliberations; and |

| ■ | should have the highest ethical standards, a strong sense of professionalism and intense dedication to serving the interests of the shareholders. |

The nominating committee will consider a number of qualifications relating to management and