Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1004

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1004
---
 type of target business we are seeking to acquire that such an initial business combination is fair to our company from
a financial point of view.

In addition, our sponsor
or any of its affiliates may make additional investments in the company in connection with the initial business combination, although
our sponsor and its affiliates have no obligation or current intention to do so. If our sponsor or any of its affiliates elects to make
additional investments, such proposed investments could influence our sponsor’s motivation to complete an initial business combination.

In the event that we submit
our initial business combination to our public stockholders for a vote, our initial stockholders, directors and officers have agreed,
pursuant to the terms of a letter agreement entered into with us, to vote any founder shares (and their respective permitted transferees
will agree) and public shares held by them in favor of our initial business combination.

Limitation on Liability and Indemnification of Directors and Officers

Our amended and restated
certificate of incorporation provides that our officers and directors will be indemnified by us to the fullest extent authorized by Delaware
law, as it now exists or may in the future be amended. In addition, our amended and restated certificate of incorporation provides that
our directors and officers will not be personally liable for monetary damages to us or stockholders for breaches of their fiduciary duty
as directors, except to the extent such exemption from liability or limitation thereof is not permitted by DGCL.

76 

We will enter into agreements
with our officers and directors to provide contractual indemnification in addition to the indemnification provided for in our amended
and restated certificate of incorporation. Our bylaws also permit us to maintain insurance on behalf of any officer, director or employee
for any liability arising out of his or her actions, regardless of whether Delaware law would permit such indemnification. We have obtained
a policy of directors’ and officers’ liability insurance that insures our officers and directors against the cost of defense,
settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers and directors.

These provisions may discourage
stockholders from bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions also may have the effect
of reducing the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might
otherwise benefit us and our stockholders. Furthermore, a stockholder’s investment may be adversely affected to the extent we pay
the costs of settlement