Company: MVNC
Filing Date: 2025-02-11
Form Type: S-8
Source: 0001683168-25-000906
Chunk: 6

Company: Marvion Inc.
Filing Date: 2025-02-11
Form: S-8
Chunk 6
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 request of the corporation or
any predecessor of the corporation against judgments, fines, penalties, excise taxes, amounts paid in settlement and cots) charges and
expenses (including attorneys’ fees and disbursements) that he or she incurs in connection with such action or proceeding. The corporation’s
obligation to indemnify or advance/reimburse expenses is subject to the corporation having received an undertaking by the indemnitee to
repay any advanced or reimbursed amount if it is ultimately determined by final and unappealable judicial decision that the director or
officer is not entitled to be indemnified for such expenses.

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The bylaws of the registrant
also provides certain limitations and procedures to be followed in obtaining such indemnification and advancement of expenses.

To the extent that indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling our company pursuant to
the foregoing provisions, we have been informed that, in the opinion of the Commission, such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable. If a claim for indemnification against such liabilities (other than
the payment by us of expenses incurred or paid by a director, officer or controlling person the registrant in the successful defense of
any action, suit or proceeding) is asserted by any of our directors, officers or controlling persons in connection with the securities
being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act
and will be governed by the final adjudication of that issue.

These provisions may discourage
stockholders from bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions also may have the effect
of reducing the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise
benefit us and our stockholders. Furthermore, a stockholder’s investment may be adversely affected to the extent we pay the costs
of settlement and damage awards against officers and directors pursuant to these indemnification provisions.

We believe that these provisions are necessary
to attract and retain talented and experienced officers and directors.

Item 7. Exemption from Registration Claimed.

The securities that are
to be reoffered or resold pursuant to the prospectus were exempt from registration under the Securities Act in reliance upon