SEC Filing Document

Company: Freedom Metals Acquisition Corp.
Ticker: 
CIK: 2129659
Filing Type: S-1
Document Type: EX-99.2
Date Filed: 2026-05-15
Accession Number: 0001213900-26-057976
Exchange: 
SIC Code: 
SIC Description: 
URL: https://www.sec.gov/Archives/edgar/data/2129659/000121390026057976/ea028864801ex99-2.htm

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special perquisites, special cash payments and other special compensation and benefits arrangements for officers and employees of the Company and approve all special perquisites, special cash payments and other special compensation and benefit arrangements for officers and employees of the Company. 8. Determine and recommend to the Board for approval the Company’s policy with respect to change-of-control or “parachute” payments. In reviewing the Company’s policy with respect to change of control or “parachute” payments, the Committee may consider, among such other factors as it may deem relevant, the results of the most recent Say-on-Pay Vote on “parachute” payments, if any. 9. Review and make recommendations to the Board with respect to executive officer and director indemnification and insurance matters. 10. Review and recommend to the Board for approval the compensation of directors for their service to the Board. Review, evaluate and recommend changes, if appropriate, to the remuneration of directors.

11. Approve
compensation awards, including individual awards, as may be required to comply with applicable tax and state corporate laws.

12. Review
the Company’s compensation disclosures in its annual proxy statement and its Annual Report on Form 10-K filed with the SEC and assist
management in complying with proxy statement and annual report requirements. Review and discuss the Company’s Compensation Discussion
and Analysis (“CD&A”) with management and based on such review and discussion, determine whether to recommend to the Board
that such compensation disclosures and CD&A be disclosed in the Company’s Annual Report on Form 10-K or annual proxy statement
filed with the SEC, as applicable.

13. Review
and recommend to the Board for approval the frequency with which the Company will conduct Say-on-Pay Votes, taking into account the results
of the most recent shareholder advisory vote on frequency of Say-on-Pay Votes required by Section 14A of the Exchange Act, and review
and recommend to the Board for approval the proposals regarding the Say-on-Pay Vote and the frequency of the Say-on-Pay Vote to be included
in the Company’s proxy statement filed with the SEC.

14. Prepare
any report required by applicable rules and regulations or listing standards, including reports on executive compensation required by
the SEC to be included in the Company’s annual proxy statement, or, if the Company does not file a proxy statement, in the Company’s
Annual Report filed on Form 10-K with the SEC.

the extent that the Company’s securities continue to be listed on an exchange and subject to Rule 10D-1 under the Exchange Act,
the Committee shall review and make recommendations to the Board with respect to the Company’s clawback policy and, with the assistance
of management, advise the Board and any other Board committee if the clawback provisions of the Rule are triggered based upon a financial
statement restatement or other financial statement change as well as the extent, if any, to which incentive-based compensation of the
relevant executive officers should be reduced or extinguished.

16. Review,
recommend to the Board, and administer all plans that require “disinterested administration” under Rule 16b-3 under the Exchange
Act.

17. Review
and assess the adequacy of this Charter annually and recommend to the Board any changes deemed appropriate by the Committee.

18. Review
its own performance annually.

19. Report
regularly to the Board.

20. Perform
any other activities consistent with this Charter, the Company’s amended and restated memorandum and articles of association and
governing law, as the Committee or the Board deems necessary or appropriate.

Notwithstanding anything to
the contrary in the foregoing, the Committee shall have sole discretion and authority with respect to any action regarding compensation
payable to the Chief Executive Officer or other executive officers of the Company that the Committee intends to constitute “qualified
performance-based compensation” for purposes of section 162(m) of the Internal Revenue Code of 1986, as amended and the Treasury
Regulations promulgated thereunder.

V.	Evaluation of the Committee

The Committee shall, no less
frequently than annually, evaluate its performance. In conducting this review, the Committee shall evaluate whether this Charter appropriately
addresses the matters that are or should be within its scope and shall recommend such changes as it deems necessary or appropriate. The
Committee shall address all matters that the Committee considers relevant to its performance, including at least the following: the adequacy,
appropriateness and quality of the information and recommendations presented by the Committee to the Board, the manner in which they were
discussed or debated, and whether the number and length of meetings of the Committee were adequate for the Committee to complete its work
in a thorough and thoughtful manner.

The Committee shall deliver
to the Board a report, which may be oral, setting forth the results of its evaluation, including any recommended amendments to this Charter
and any recommended changes to the Company’s or the Board’s policies or procedures.

VI.	Resources

The Committee shall have the
authority to retain or terminate, at its sole discretion, compensation consultants, independent legal counsel or other advisors (collectively,
“Advisors”) to assist the Committee in its responsibilities and shall be directly responsible for the appointment, compensation
and oversight of the work of such Advisors. Before retaining an Advisor (other than in-house legal counsel and any Advisor whose role
is limited to consulting on broad-based, non-discriminatory plans or providing information that is not customized in particular for the
Company (as described in Item 407(e)(3)(iii) of Regulation S-K)), the Committee shall consider the independence of such Advisor, including
any independence factors that it is required to consider by law or Nasdaq rules. Nothing herein requires a compensation consultant, legal
counsel or other compensation adviser to be independent, only that the Committee consider the enumerated independence factors before selecting
or receiving advice from a compensation consultant, legal counsel or other compensation adviser. The Committee may select or receive advice
from any compensation consultant, legal counsel or other compensation adviser it prefers, including ones that are not independent, after
considering factors that the Committee may be required to consider by law or Nasdaq rules.

Nothing herein shall be construed:
(1) to require the Committee to implement or act consistently with the advice or recommendations of the compensation consultant, legal
counsel or other adviser to the Committee; or (2) to affect the ability or obligation of the Committee to exercise its own judgment in
fulfillment of its duties.

The chairperson of the Committee,
at the request of any member of the Committee, may request that any officer, employee or advisor of the Company attend a meeting of the
Committee or otherwise respond to Committee requests.

The Committee shall have the
sole authority to determine the terms of engagement and the extent of funding necessary (and to be provided by the Company) for payment
of compensation to any Advisors or other professionals retained to advise the Committee and ordinary administrative expenses of the Committee
that are necessary or appropriate in carrying out its duties.

VII.	Amendments

Any amendment or other modification
of this Charter shall be made and approved by the full Board.

VIII.	Disclosure of Charter

If required by the rules of
the SEC or Nasdaq, this Charter, as amended from time to time, shall be made available to the public on the Company’s website.

While the members of the Committee
have the duties and responsibilities set forth in this Charter, nothing contained in this Charter is intended to create, or should be
construed as creating, any responsibility or liability of members of the Committee, except to the extent otherwise provided under applicable
federal or state law.