Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 848

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 848
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holders, to the extent then known, in the tender offer or proxy solicitation
materials, as applicable, furnished to our stockholders. It is unlikely the amount of such compensation will be known at the time of distribution
of such tender offer materials or at the time of a stockholder meeting held to consider our initial business combination, as applicable,
as it will be up to the directors of the post- combination business to determine executive officer and director compensation.

We have entered into a registration
rights agreement with respect to the founder shares, private placement units and units issued upon conversion of working capital loans
(if any), which is described under the heading “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters—Principal Stockholders— Registration Rights.”

83 

Related Party Policy

Our Code of Ethics, requires
us to avoid, wherever possible, all conflicts of interests, except under guidelines or resolutions approved by our board of directors
(or the appropriate committee of our board of directors) or as disclosed in our public filings with the SEC. Under our Code of Ethics,
conflict of interest situations will include any financial transaction, arrangement or relationship (including any indebtedness or guarantee
of indebtedness) involving the company.

In addition, our audit committee
charter provides that the audit committee will be responsible for reviewing and approving related party transactions to the extent that
we enter into such transactions. An affirmative vote of a majority of the members of the audit committee present at a meeting at which
a quorum is present will be required in order to approve a related party transaction. A majority of the members of the entire audit committee
will constitute a quorum. Without a meeting, the unanimous written consent of all of the members of the audit committee will be required
to approve a related party transaction. Our audit committee will review on a quarterly basis all payments that were made by us to our
sponsor, directors or officers, or our or any of their respective affiliates.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the
part of a director, employee or officer.

To further minimize conflicts
of interest, we have agreed not to consummate an initial business combination with an entity that is affiliated with any of our sponsor,
directors or officers unless we, or a committee of independent and disinterested directors, have obtained an opinion from an independent
investment banking firm or another valuation or appraisal firm that regularly renders