Company: CNCKW
Filing Date: 2025-03-27
Form Type: S-8
Source: 0001013762-25-003464
Chunk: 3

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: S-8
Chunk 3
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nification of Directors and Officers.

Under Dutch law, the directors of the Registrant may be held jointly
and severally liable vis-a-vis the Registrant for damages in the event of improper performance of their duties. In addition, they may
be held liable towards third parties for any action that may give rise to tort pursuant to the Dutch Civil Code. This applies equally
to the Registrant’s executive directors and non-executive directors.

The general meeting of the Registrant may resolve to annually
discharge the directors, to release them from any loss, damage or right to compensate arising out of or in connection with the exercise
of their duties and which appear from the annual report and annual accounts of the Registrant or as otherwise disclosed to the general
meeting.

The Registrant’s Articles of Association (the “Articles of Association”) also include a provision on indemnification.
Pursuant to the Articles of Association and unless Dutch law provides otherwise, the Registrant is required to indemnify any and all
of the directors, officers, former directors, former officers and any person who may have served at its request as a director or officer
of a subsidiary of the Registrant, who were or are made a party or are threatened to be made a party or are involved in, any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative or investigative, or any appeal
in that regard or any inquiry or investigation that could lead to such an action, suit or proceeding (a “Proceeding”), against
any and all liabilities, damages, documented expenses (including attorney’s fees), financial effects of judgments, fines, penalties
(including excise and similar taxes and punitive damages) and amounts paid in settlement in connection with such Proceeding by any of
them.

Notwithstanding the Registrant’s obligation to indemnify and hold harmless as referred to above, no indemnification will be made
(i) in respect of any claim, issue or matter as to which any of the above-mentioned indemnified persons will be adjudged in a final and
non-appealable decision to be liable for gross negligence or willful misconduct in the performance of such person’s duty to the
Registrant or a subsidiary or (ii) to the extent that the costs or the capital losses of the above-mentioned indemnified persons are
paid by another party or are covered by an insurance policy and the insurer has paid out these costs or capital losses.

The indemnification described above will not be exclusive of