Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 27

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 27
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 the Bylaws.

Pursuant to Article VI of our Certificate of Incorporation, subject to the rights, if any, of the holders of any series

of preferred stock and the rights of Learn CW and the Founding Investors under the Business Combination Agreement and

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the IRA, respectively, directors may be removed only for cause by an affirmative vote of at least two-thirds of the total

voting power of all the outstanding shares of capital stock of the Company entitled to vote generally in the election of

directors, voting together as a single class, at a meeting duly called for that purpose. Subject to the rights, if any, of the

holders of any series of preferred stock and the rights of Learn CW and the Founding Investors under the Business

Combination Agreement and the IRA, respectively, newly created directorships resulting from any increase in the number

of directors and any vacancies on the Board resulting from death, resignation, disqualification, removal, or other cause will

be filled exclusively by the affirmative vote of a majority of the directors then in office, even though less than a quorum, or

by a sole remaining director, and not by the stockholders. Any director so chosen will hold office until the next election of

the class for which such director has been chosen, and until his successor is elected and qualified or until such director’s

earlier death, resignation, retirement, disqualification, or removal. No decrease in the number of directors constituting the

Board may shorten the term of any incumbent director.

In the event that a vacancy is created on the Board at any time by the death, disability, resignation or removal of a

director designated by the Founding Investors pursuant to the IRA, then the Founding Investors will be entitled to designate

an individual to fill the vacancy. The Company will take all necessary action (to the extent permitted by applicable law and

to the extent such action is consistent with the fiduciary duties of the directors under Delaware law) to cause such

replacement designee to become a member of the Board. Additionally, for so long as Learn CW has the right to select one

director to the Board, any vacancy with respect to the Learn CW director may only be filled by Learn CW.

**Board Leadership Structure**

Our Board regularly reviews the Board’s leadership structure and the standing committees’ responsibilities and

composition. The structure and composition of our Board and its committees are intended to leverage the diverse

perspectives of the Board members and promote effective oversight. Our Board leadership