Audit Committee Charter Sample Contracts

Schultze Special Purpose Acquisition Corp. – AUDIT COMMITTEE CHARTER OF Schultze Special Purpose Acquisition Corp. (November 28th, 2018)

The purposes of the Audit Committee (the "Audit Committee") of the Board of Directors ("Board") of Schultze Special Purpose Acquisition Corp. ("Company") are to assist the Board in monitoring: (1) the integrity of the annual, quarterly, and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor, and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.

Graf Industrial Corp. – GRAF INDUSTRIAL CORP. AUDIT COMMITTEE CHARTER Effective [__________], 2018 (October 9th, 2018)

The Audit Committee (the "Committee") is appointed by the Board of Directors (the "Board") of Graf Industrial Corp. (the "Company") to assist the Board in its oversight of the accounting and financial reporting processes of the Company and the Company's compliance with legal and regulatory requirements. To assist the Board in fulfilling its responsibilities, the Committee shall: (A) oversee: (i) audits of the financial statements of the Company; (ii) the integrity of the Company's financial statements; (iii) the Company's processes relating to risk management and the conduct and systems of internal control over financial reporting and disclosure controls and procedures; (iv) the qualifications, engagement, compensation, independence and performance of the Company's independent auditor, and the auditor's conduct of the annual audit of the Company's financial statements and any other services provided to the Company; and (v) the performance of the Company's internal audit function, if an

ChaSerg Technology Acquisition Corp – Chaserg Technology Acquisition Corp. Audit Committee Charter (September 18th, 2018)

The Audit Committee (the "Committee") of the Board of Directors (the "Board") of ChaSerg Technology Acquisition Corp., a Delaware corporation (the "Company"), shall provide assistance to the Board in fulfilling its legal and fiduciary obligations to oversee:

Megalith Financial Acquisition Corp – Megalith Financial Acquisition Corp. Audit Committee Charter (August 16th, 2018)

The Audit Committee (the "Committee") of the Board of Directors (the "Board") of Megalith Financial Acquisition Corp., a Delaware corporation (the "Company"), shall provide assistance to the Board in fulfilling its legal and fiduciary obligations to oversee:

TKK SYMPHONY ACQUISITION Corp – Audit Committee Charter of Tkk Symphony Acquisition Corporation (August 6th, 2018)

The responsibilities and powers of the Audit Committee of the Board of Directors (the "Board") of TKK Symphony Acquisition Corporation(the "Company"), as delegated by the Board, are set forth in this charter (this "Charter"). Whenever the Audit Committee takes an action, it shall exercise its independent judgment on an informed basis that the action is in the best interests of the Company and its shareholders.

Tottenham Acquisition I Ltd – AUDIT COMMITTEE CHARTER OF TOTTENHAM ACQUISITION I LIMITED Adopted: [___], 2018 (July 5th, 2018)

The responsibilities and powers of the Audit Committee of the Board of Directors (the "Board") of Tottenham Acquisition I Limited (the "Company"), as delegated by the Board, are set forth in this charter (this "Charter"). Whenever the Audit Committee takes an action, it shall exercise its independent judgment on an informed basis that the action is in the best interests of the Company and its shareholders.

Allegro Merger Corp. – Audit Committee Charter of Allegro Merger Corp. (June 21st, 2018)

The purposes of the Audit Committee (the "Audit Committee") of the Board of Directors ("Board") of Allegro Merger Corp. ("Company") are to assist the Board in monitoring (1) the integrity of the annual, quarterly and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor, and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.

Twelve Seas Investment Co – AUDIT COMMITTEE CHARTER OF TWELVE SEAS INVESTMENT COMPANY Adopted: [*], 2018 (June 14th, 2018)

The responsibilities and powers of the Audit Committee of the Board of Directors (the "Board") of Twelve Seas Investment Company (the "Company"), as delegated by the Board, are set forth in this charter (this "Charter"). Whenever the Audit Committee takes an action, it shall exercise its independent judgment on an informed basis that the action is in the best interests of the Company and its shareholders.

Arrestage International, Inc. – Audit Committee Charter (June 7th, 2018)

RESOLVED, that the Board of Directors (the "Board") of Arrestage International, Inc. (the "Company") hereby establishes, pursuant to the authority granted under 3.10 (c) ("Authority") of the Nevada Corporation 3.10 (a) ("Designation and Appointment") of the By-laws of the Company, an audit committee of the Board (the "Audit Committee"), whose purpose and power shall be, to the extent permitted by law, to (a) retain, oversee and terminate, as necessary, the auditors of the company, (b) oversee the company's accounting and financial reporting processes and the audit and preparation of the company's financial statements, (c) exercise such other powers and authority as are set forth in the charter of the Audit Committee of the Board, substantially in the form of the draft hereof dated September 24, 2014 and (d) exercise such other powers and authority as shall from time to time be assigned thereto by resolution of the Board;

Arrestage International, Inc. – Audit Committee Charter (June 7th, 2018)

RESOLVED, that the Board of Directors (the "Board") of Arrestage International, Inc. (the "Company") hereby establishes, pursuant to the authority granted under 3.10 (c) ("Authority") of the Nevada Corporation 3.10 (a) ("Designation and Appointment") of the By-laws of the Company, an audit committee of the Board (the "Audit Committee"), whose purpose and power shall be, to the extent permitted by law, to (a) retain, oversee and terminate, as necessary, the auditors of the company, (b) oversee the company's accounting and financial reporting processes and the audit and preparation of the company's financial statements, (c) exercise such other powers and authority as are set forth in the charter of the Audit Committee of the Board, substantially in the form of the draft hereof dated September 24, 2014 and (d) exercise such other powers and authority as shall from time to time be assigned thereto by resolution of the Board;

Far Point Acquisition Corp – Far Point Acquisition Corporation Audit Committee Charter (May 31st, 2018)

The Audit Committee (the Committee) of the Board of Directors (the Board) of Far Point Acquisition Corporation, a Delaware corporation (the Company), shall provide assistance to the Board in fulfilling its legal and fiduciary obligations to oversee:

Trident Acquisitions Corp. – AUDIT COMMITTEE CHARTER OF TRIDENT ACQUISITIONS CORP. Adopted: [___], 2018 (April 30th, 2018)

The responsibilities and powers of the Audit Committee of the Board of Directors (the "Board") of Trident Acquisitions Corp. (the "Company"), as delegated by the Board, are set forth in this charter (this "Charter"). Whenever the Audit Committee takes an action, it shall exercise its independent judgment on an informed basis that the action is in the best interests of the Company and its shareholders.

OWC Pharmaceutical Research Corp. – OWC PHARMACEUTICAL RESEARCH CORP. Audit Committee Charter (April 16th, 2018)

The Committee is appointed by the Board of Directors of OWC Pharmaceutical Research Corp. (the "Company") to (a) assist the Board in its oversight of (i) the integrity of the Company's consolidated financial statements, (ii) the Company's compliance with legal and regulatory requirements, (iii) the Company's system of internal controls, (iv) certain aspects of the Company's risk management as described herein, (v) the qualifications and independence of the Company's independent registered public accounting firm ("independent auditor") and (vi) the performance of the Company's internal and independent auditors, and (b) prepare a report to be included in the Company's annual proxy statement.

Kush Bottles, Inc. – Kush Bottles, Inc. A Nevada Corporation (The "Company") Audit Committee Charter (March 13th, 2018)

*the integrity of the Company's financial statements and the Company's financial reporting processes and systems of internal control;

Opes Acquisition Corp. – Audit Committee Charter of Opes Acquisition Corp. (March 8th, 2018)

The purposes of the Audit Committee (the "Audit Committee") of the Board of Directors ("Board") of Opes Acquisition Corp. ("Company") are to assist the Board in monitoring: (1) the integrity of the annual, quarterly, and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor, and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.

MTech Acquisition Corp – Audit Committee Charter of Mtech Acquisition Corp. (January 22nd, 2018)

The Audit Committee is appointed by the Board of Directors (the "Board") of MTech Acquisition Corp. (the "Company") to assist the Board in monitoring (1) the integrity of the annual, quarterly and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.

Arrestage International, Inc. – Audit Committee Charter (December 22nd, 2017)

RESOLVED, that the Board of Directors (the "Board") of Arrestage International, Inc. (the "Company") hereby establishes, pursuant to the authority granted under 3.10 (c) ("Authority") of the Nevada Corporation 3.10 (a) ("Designation and Appointment") of the By-laws of the Company, an audit committee of the Board (the "Audit Committee"), whose purpose and power shall be, to the extent permitted by law, to (a) retain, oversee and terminate, as necessary, the auditors of the company, (b) oversee the company's accounting and financial reporting processes and the audit and preparation of the company's financial statements, (c) exercise such other powers and authority as are set forth in the charter of the Audit Committee of the Board, substantially in the form of the draft hereof dated September 24, 2014 and (d) exercise such other powers and authority as shall from time to time be assigned thereto by resolution of the Board;

Arrestage International, Inc. – Audit Committee Charter (December 19th, 2017)

RESOLVED, that the Board of Directors (the "Board") of Arrestage International, Inc. (the "Company") hereby establishes, pursuant to the authority granted under 3.10 (c) ("Authority") of the Nevada Corporation 3.10 (a) ("Designation and Appointment") of the By-laws of the Company, an audit committee of the Board (the "Audit Committee"), whose purpose and power shall be, to the extent permitted by law, to (a) retain, oversee and terminate, as necessary, the auditors of the company, (b) oversee the company's accounting and financial reporting processes and the audit and preparation of the company's financial statements, (c) exercise such other powers and authority as are set forth in the charter of the Audit Committee of the Board, substantially in the form of the draft hereof dated September 24, 2014 and (d) exercise such other powers and authority as shall from time to time be assigned thereto by resolution of the Board;

CM Seven Star Acquisition Corp – AUDIT COMMITTEE CHARTER OF CM SEVEN STAR ACQUISITION CORPORATION Adopted: [*], 2017 (October 19th, 2017)

The responsibilities and powers of the Audit Committee of the Board of Directors (the "Board") of CM Seven Star Acquisition Corporation (the "Company"), as delegated by the Board, are set forth in this charter (this "Charter"). Whenever the Audit Committee takes an action, it shall exercise its independent judgment on an informed basis that the action is in the best interests of the Company and its shareholders.

Novume Solutions, Inc. – Audit Committee Charter (August 29th, 2017)

The purpose of the Audit Committee is: (1) to assist the Board of Directors in fulfilling its responsibilities for generally overseeing: (a) the Corporation's financial reporting processes and the audit of the Corporation's financial statements, including the integrity of the Corporation's financial statements, (b) the Corporation's compliance with legal and regulatory requirements, (c) the independent registered public accounting firm's qualifications and independence, (d) the performance of the Corporation's internal audit function and independent registered public accounting firm, and (e) risk assessment and risk management; (2) to prepare any report of the Audit Committee that may be required by the proxy rules of the U.S. Securities and Exchange Commission (the "SEC") to be included in the Corporation's annual proxy statement; (3) to oversee the finance and investment functions of the Corporation; and (4) to perform such other duties and responsibilities as are enumerated in and c

Capitol Investment Corp. IV – Audit Committee Charter of Capitol Investment Corp. Iv (August 7th, 2017)

The Audit Committee is appointed by the Board of Directors (the "Board") of Capitol Investment Corp. IV (the "Company") to assist the Board in monitoring (1) the integrity of the annual, quarterly and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.

Rich Uncles Real Estate Investment Trust I – RICH UNCLES REAL ESTATE INVESTMENT TRUST I Audit Committee Charter (July 14th, 2017)

*This Charter governs the operations of the Audit Committee of Rich Uncles Real Estate Investment Trust I (the "Company"). The Company's Board of Trust Managers (the "Board") has authorized an Audit Committee ("the Committee") consisting of at least three independent Trust Managers of the Board, and the Committee shall designate a chairperson. For purposes hereof, members of the Committee shall be considered independent as long as they satisfy all of the independence requirements for Board Members as set forth in Rule 10A-3 of the Exchange Act.

Loop Industries, Inc. – Loop Industries, Inc. Audit Committee Charter (June 30th, 2017)

The Audit Committee (the "Committee") of the Board of Directors (the "Board") of Loop Industries, Inc. (the "Corporation") shall be appointed by the Board to perform the duties and responsibilities set forth in this charter with respect to the Corporation and its subsidiaries (collectively, the "Company").

First Titan Corp. – Audit Committee Charter (June 23rd, 2017)

The Audit Committee (Committee) shall consist of a minimum of one director. As determined by the Board of Directors in accordance with applicable requirements, all members of the Committee shall be independent directors having no relationship that may interfere with the exercise of their objective judgment in discharging the responsibilities set forth below. As also determined by the Board of Directors, all members of the Committee shall have sufficient financial experience and ability to enable them to discharge such responsibilities, and at least one member shall have accounting or related financial management expertise. The Committee shall have the following responsibilities with respect to the Company, which term shall include without limitation the subsidiaries of AngioSoma, Inc.

Depomed – DEPOMED, INC. AUDIT COMMITTEE CHARTER Adopted by the Board of Directors of Depomed, Inc. (As Amended and Restated Through May 17, 2017) (May 22nd, 2017)

The purpose of the Audit Committee (the Committee) of the Board of Directors (the Board) of Depomed, Inc. (the Company) is to assist the Board in fulfilling its audit oversight responsibilities. In its audit oversight role, the Committee shall have the principal duties and responsibilities set forth below.

M I Acquisitions, Inc. – AUDIT COMMITTEE CHARTER OF M I ACQUISITIONS, INC. Adopted: ______________, 2016 (July 26th, 2016)

The responsibilities and powers of the Audit Committee of the Board of Directors (the "Board") of M I Acquisitions, Inc. (the "Company"), as delegated by the Board, are set forth in this charter (this "Charter"). Whenever the Audit Committee takes an action, it shall exercise its independent judgment on an informed basis that the action is in the best interests of the Company and its shareholders.

Celsius Holdings Inc – CELSIUS HOLDINGS, INC. AUDIT COMMITTEE CHARTER November 6, 2009 (July 22nd, 2016)

The Audit Committee is appointed by the Board of Directors (the "Board") of Celsius Holdings, Inc. (the "Corporation") to assist the Board in overseeing (1) the accounting and financial reporting processes of the Corporation, the audits of the Corporation's financial statements and the integrity of the Corporation's financial statements, (2) the independent auditor's qualifications and independence, (3) the performance of the Corporation's internal audit function and independent auditors, (4) the effectiveness of the Corporation's internal control structure, and (5) the compliance by the Corporation with significant legal and regulatory requirements.

Growblox Sciences, Inc. – Audit Committee Charter as of June 2016 I. PURPOSE (July 14th, 2016)

The purpose of the Audit Committee of the Board of Directors (the "Board") of Growblox Sciences Inc., a Delaware corporation (the "Company") shall be:

Nutritional High International Inc – Nutritional High International Inc. Audit Committee Charter (June 29th, 2016)

The purpose of the Audit Committee of the Board (the "Board") of Nutritional High International Inc. (the "Corporation") is to assist the Board in fulfilling its responsibility for overseeing the quality and integrity of the accounting, auditing, and reporting practices of the Corporation, and such other duties as directed by the Board. The Audit Committee's role includes a particular focus on the qualitative aspects of financial reporting to shareholders, on the Corporation's processes to manage business and financial risk, and on compliance with significant applicable legal, ethical and regulatory requirements.

Koolbridge Solar, Inc. – The Audit Committee Charter (April 29th, 2016)

The Audit Committee of the board of directors of Koolbridge Solar, Inc. (KBS. or the Company) shall consist of a minimum of two directors plus a member of the Company's management. Members of the committee shall be appointed by the board of directors and may be removed by the board of directors in its discretion. At its early stage, the Company has no independent directors; therefore, audit committee members will not satisfy the Securities and Exchange Commission's (SEC) rigorous independence requirement for members of the audit committee. All members shall have sufficient financial experience and ability to enable them to discharge their responsibilities and at least one member shall be a financial expert as defined under SEC rules.

Pulte Acquisition Corp. – AUDIT COMMITTEE CHARTER OF PULTE ACQUISITION CORP. Adopted: October ___, 2015 (November 17th, 2015)

The responsibilities and powers of the Audit Committee of the Board of Directors (the "Board") of Pulte Acquisition Corp. (the "Company"), as delegated by the Board, are set forth in this charter (this "Charter"). Whenever the Audit Committee takes an action, it shall exercise its independent judgment on an informed basis that the action is in the best interests of the Company and its shareholders.

PMV Acquisition Corp. – Audit Committee Charter of Pmv Acquisition Corp. (November 13th, 2015)

The Audit Committee is appointed by the Board of Directors (the "Board") of PMV Acquisition Corp. (the "Company") to assist the Board in monitoring (1) the integrity of the annual, quarterly and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.

Andina Acquisition Corp. II – Audit Committee Charter of Andina Acquisition Corp. Ii (October 9th, 2015)

The purposes of the Audit Committee (the "Audit Committee") of the Board of Directors ("Board") of Andina Acquisition Corp. II ("Company") are to assist the Board in monitoring (1) the integrity of the annual, quarterly and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.

Delmar Pharmaceuticals, Inc. Audit Committee Charter (September 3rd, 2015)

The primary function of the Audit Committee (the "Committee") is to oversee the accounting and financial reporting processes of DelMar Pharmaceuticals, Inc. (the "Corporation"), and the audits of the financial statements of the Corporation and to exercise the responsibilities and duties set forth below, including, but not limited to: (a) assist the Board of Directors in fulfilling its responsibilities by reviewing: (i) the financial reports provided by the Corporation to the Securities and Exchange Commission ("SEC"), the Corporation's stockholders or to the general public, and (ii) the Corporation's internal financial and accounting controls, (b) oversee the appointment, compensation, retention and oversight of the work performed by any independent public accountants engaged by the Corporation, (c) recommend, establish and monitor procedures designed to improve the quality and reliability of the disclosure of the Corporation's financial condition and results of operations, (d) recomme

E-Compass Acquisition Corp. – Audit Committee Charter of E-Compass Acquisition Corp. (July 24th, 2015)

The purposes of the Audit Committee (the "Audit Committee") of the Board of Directors ("Board") of E-compass Acquisition Corp. ("Company") are to assist the Board in monitoring (1) the integrity of the annual, quarterly and other financial statements of the Company, (2) the independent auditor's qualifications and independence, (3) the performance of the Company's independent auditor and (4) the compliance by the Company with legal and regulatory requirements. The Audit Committee also shall review and approve all related-party transactions.