Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1468

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1468
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 he or she will honor his or her fiduciary or contractual obligations
to present such business combination opportunity to such entity, and only present it to us if such entity rejects the opportunity, subject
to his or her fiduciary duties under applicable law. Our amended and restated certificate of incorporation provides that we renounce
our interest in any corporate opportunity offered 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. We do not believe, however, that any of the foregoing fiduciary duties or contractual obligations will materially adversely affect
our ability to identify and pursue business combination opportunities or complete our initial business combination.

We are not prohibited from
pursuing an initial business combination with a company that is affiliated with our sponsor, directors or officers. In the event we seek
to complete our initial business combination with such a company, we, or a committee of independent and disinterested directors, would
obtain an opinion from an independent investment banking firm or another valuation or appraisal firm that regularly renders fairness
opinions on the 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