Company: KAVL
Filing Date: 2025-07-11
Form Type: S-3/A
Source: 0001731122-25-000968
Chunk: 3

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-07-11
Form: S-3/A
Chunk 3
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 in violation of Delaware corporate law or obtained an improper personal benefit. Our charter, as amended provides that
no director of the Company shall be personally liable to it or its stockholders for monetary damages for any breach of fiduciary duty
as a director, notwithstanding any provision of law imposing such liability, except to the extent that the DGCL prohibits the elimination
or limitation of liability of directors for breaches of fiduciary duty.

Section 145 of the DGCL provides that a Company has
the power to indemnify a director, officer, employee, or agent of the Company, or a person serving at the request of the Company for another
Company, partnership, joint venture, trust or other enterprise in related capacities against expenses (including attorneys’ fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with an action, suit or proceeding
to which he was or is a party or is threatened to be made a party to any threatened, ending or completed action, suit or proceeding by
reason of such position, if such person acted in good faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company, and, in any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful, except
that, in the case of actions brought by or in the right of the Company, no indemnification shall be made with respect to any claim, issue
or matter as to which such person shall have been adjudged to be liable to the Company unless and only to the extent that the Court of
Chancery or other adjudicating court determines that, despite the adjudication of liability but in view of all of the circumstances of
the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court
shall deem proper.

Our charter and bylaws provide for the indemnification,
to the fullest extent permitted from time to time by the DGCL or any other applicable laws as presently or hereafter in effect, any person
who was or is made a party or is threatened to be made a party or is otherwise involved in any action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact that he or she, or a person for whom he or she is the legal representative,
is or was a director or officer of the Company or, while a director or officer of the Company, is or was serving at the