Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 198

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 198
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 providing indemnification to, our directors, including provisions that require the Company to advance payment
    for defending pending or threatened claims;
  
    ●
    controlling
    the procedures for the conduct and scheduling of board and stockholder meetings; and
  
    ●
    limiting
    the number of directors on our board and the filling of vacancies or newly created seats on the board to our Board then in office.

In
addition, we are subject to anti-takeover laws for Nevada corporations. These anti-takeover laws prevent Nevada corporations from engaging
in a business combination with any shareholder, including all affiliates and associates of the shareholder, who is the beneficial owner
of 10% or more of the corporation’s outstanding voting stock, for two years following the date that the shareholder first became
the beneficial owner of 10% or more of the corporation’s voting stock, unless specified conditions are met. If those conditions
are not met, then after the expiration of the two-year period the corporation may not engage in a business combination with such shareholder
unless certain other conditions are met.

These
provisions, alone or together, could delay hostile takeovers and changes in control or changes in our management. The existence of the
foregoing provisions could limit the price that investors might be willing to pay in the future for shares of our Common Stock. They
could also deter potential acquirers of our company, thereby reducing the likelihood that our stockholders could receive a premium for
their Common Stock in an acquisition.

We
have never paid dividends on our capital stock and we do not anticipate paying any dividends in the foreseeable future. Consequently,
any profits from an investment in our Common Stock will depend on whether the price of our Common Stock increases.

We
have not paid dividends on any of our classes of capital stock to date and we currently intend to retain our future earnings, if any,
to fund the development and growth of our business. As a result, capital appreciation, if any, of our Common Stock will be our stockholders’
sole source of gain for the foreseeable future.

Claims
for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us
and may reduce the amount of money available to us.

Our
third amended and restated bylaws provide that we will indemnify our directors and officers, in each case to the fullest extent permitted
by Nevada law. In addition, our third amended and restated bylaws and our indemnification agreements that we have entered into