Company: VUZI
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001104659-25-036288
Chunk: 38

Company: Vuzix Corp
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 38
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000, in cash retainer fees. The    
 total fair market value of this stock award was $52,500, which was determined by multiplying the number of shares of common stock     
 granted by the closing price of $1.35 of our common stock as listed on NASDAQ on the day prior to grant.                              
 Ms. Whitten-Doolin was awarded 20,000 shares of common stock on                                                                       
 June 13, 2024, as part of her onboarding as a new director. The total fair market value of this stock awards was $28,200, which was   
 determined by multiplying the number of shares of common stock granted by the closing price of $1.41 of our common stock as listed    
 on NASDAQ on the day prior to grant.                                                                                                  |

TRANSACTIONS WITH RELATED PERSONS Since January 1, 2023, we have not entered into any transactions in which our directors, executive officers or holders of more than 5% of our capital stock had or will have a direct or indirect material interest. The following transactions do not include compensation, termination and change-in-control arrangements, which are described under “COMPENSATION AND OTHER INFORMATION CONCERNING NAMED EXECUTIVE OFFICERS AND DIRECTORS.” We believe the terms obtained or consideration that we paid or received, as applicable, in connection with the transactions described below were comparable to terms available or the amounts that would be paid or received, as applicable, in arm’s-length transactions. 36 Indemnification Agreements We have entered into indemnification agreements with each of our directors and executive officers. Under these agreements we are obligated to indemnify the indemnitee to the fullest extent permitted by applicable law for all reasonable expenses (including attorneys’ fees and disbursements), judgments, fines (including excise taxes and penalties) and amounts paid in settlement actually and reasonably incurred by the indemnitee arising out of or connected with the indemnitee’s service as a director or officer and indemnitee’s service in another capacity at our request or direction. We are also obligated to advance all reasonable and actual expenses incurred by the indemnitee in connection with any action, suit, proceeding or appeal with respect to which such indemnitee is entitled to be indemnified upon our receipt of an invoice for such expenses. Our obligation to advance expenses is subject to the indemnitee’s execution, upon our request, of an agreement to repay all such amounts if it is ultimately determined that such indemnitee is not entitled to