Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 115

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 115
---
 to any director or officer unless such opportunity is expressly offered to such person
solely in his or her capacity as a director or officer of the company and it is an opportunity that we are able to complete on a reasonable
basis. For more information, see the section entitled “Item 10. Directors, Executive Officers, and Corporate Governance—Conflicts
of Interest.”

Our directors and officers
presently have, and any of them in the future may have, additional, fiduciary or contractual obligations to other entities pursuant to
which such officer or director is or will be required to present a business combination opportunity to such entity. Accordingly, if any
of our directors or officers becomes aware of a business combination opportunity that is suitable for an entity to which he or she has
then-current fiduciary or contractual obligations, he or she may need to honor these fiduciary or contractual obligations to present
such business combination opportunity to such entity, subject to his or her fiduciary duties under applicable law. See “Item
1A. Risk Factors — Certain of our directors and officers are now, and all of them may in the future become, affiliated
with entities engaged in business activities similar to those intended to be conducted by us, and accordingly, may have conflicts of interest
in determining to which entity a particular business opportunity should be presented.”

We do not believe, however,
that the fiduciary duties or contractual obligations of our directors or officers will materially adversely affect our ability to identify
and pursue business combination opportunities or complete our initial business combination.

23

Indemnity

Our sponsor has agreed that
it will be liable to us if and to the extent any claims by a third party (other than our independent registered public accounting firm)
for services rendered or products sold to us, or a prospective target business with which we have discussed entering into a transaction
agreement, reduce the amount of funds in the trust account to below (1) $10.00 per public share or (2) such lesser amount per
public share held in the trust account as of the date of the liquidation of the trust account due to reductions in the value of the trust
assets, in each case net of the interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a
waiver of any and all rights to seek access to the trust account and except as to any claims under our indemnity of the underwriters of
our IPO against certain liabilities