Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 52

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 52
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combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements
to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to
retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do
not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a
determining factor in 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