Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 531

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 531
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 of
the compensation committee.

67

We
have adopted a compensation committee charter, which details the principal functions of the compensation committee, including:

    ●
    reviewing
    and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation,
    if any is paid by us, evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining
    and approving the remuneration (if any) of our Chief Executive Officer based on such evaluation;

    ●
    reviewing
    and approving on an annual basis the compensation, if any is paid by us, of all of our other officers;

    ●
    reviewing
    on an annual basis our executive compensation policies and plans;

    ●
    implementing
    and administering our incentive compensation equity-based remuneration plans;

    ●
    assisting
    management in complying with our proxy statement and annual report disclosure requirements;

    ●
    approving
    all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers and employees;

    ●
    if
    required, producing a report on executive compensation to be included in our annual proxy statement; and

    ●
    reviewing,
    evaluating, and recommending changes, if appropriate, to the remuneration for directors.

Notwithstanding
the foregoing, as indicated above, no compensation of any kind, including finders, consulting, or other similar fees, will be paid to
any of our existing shareholders, officers, directors, or any of their respective affiliates, prior to, or for any services they render
in order to effectuate the consummation of an initial Business Combination.

Accordingly,
it is likely that prior to the consummation of an initial Business Combination, the compensation committee will only be responsible for
the review and recommendation of any compensation arrangements to be entered into in connection with such initial Business Combination.

The
charter also provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant,
independent legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work
of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other
adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and
the SEC.

Code
of Ethics

We
have adopted a code of ethics applicable to our directors, officers and employees