Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 53

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 53
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 Delaware General Corporation
Law empowers a corporation to indemnify its directors and officers and to purchase insurance with respect to liability arising out of
their capacity or status as directors and officers, provided that the person acted in good faith and in a manner the person reasonably
believed to be in our best interests, and, with respect to any criminal action, had no reasonable cause to believe the person’s
actions were unlawful. The Delaware General Corporation Law further provides that the indemnification permitted thereunder shall not
be deemed exclusive of any other rights to which the directors and officers may be entitled under the corporation’s bylaws, any
agreement, a vote of stockholders or otherwise. The amended and restated certificate of incorporation of the registrant provides for
the indemnification of the registrant’s directors and officers to the fullest extent permitted under the Delaware General Corporation
Law. In addition, the amended and restated bylaws of the registrant require the registrant to fully indemnify any person who was or is
a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding (whether civil, criminal,
administrative or investigative) by reason of the fact that such person is or was a director or officer of the registrant, or is or was
a director or officer of the registrant serving at the registrant’s request as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorney’s fees), judgments, fines
and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, to
the fullest extent permitted by applicable law.

Section 102(b)(7) of the Delaware General
Corporation Law permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be
personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except (i) for
any breach of the director’s duty of loyalty to the corporation or its stockholders; (ii) for acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law; (iii) for payments of unlawful dividends or unlawful
stock repurchases or redemptions; or (iv) for any transaction from which the director derived an improper personal benefit. The
registrant’s amended and restated certificate of incorporation provides that the registrant’s directors