Company: SLNH
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001641172-25-012098
Chunk: 48

Company: Soluna Holdings, Inc
Filing Date: 2025-05-22
Form: S-1
Chunk 48
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|:-----------------------------|:----|:-----------|------:|
| SEC registration fee         |     | $          | 1,407 |
| FINRA filing fee             |     |            |     * |
| Legal fees and expenses      |     |            |     * |
| Accounting fees and expenses |     | $          |     * |
| Miscellaneous                |     |            |     * |
| Total expenses               |     |            |     * |

| * | To be filed by amendment. |

Item 14. Indemnification of Directors and Officers.

NRS 78.138 provides that, unless the corporation’s
articles of incorporation provide for greater individual liability, a director or officer is not individually liable to the corporation
or its stockholders or creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer
unless the statutory presumption that such director or officer has acted in good faith, on an informed basis and with a view to the interests
of the corporation has been rebutted, and it is proven that (i) the director’s or officer’s acts or omissions constituted
a breach of his or her fiduciary duties, and (ii) such breach involved intentional misconduct, fraud, or a knowing violation of law. Our
Articles of Incorporation provide that no director or officer shall have any personal liability to the Company or its stockholders for
damages for breach of fiduciary duty as a director or officer, except for (i) acts that involve intentional misconduct, fraud, or a knowing
violation of the law or (ii) the payment of dividends in violation of the NRS.

Section 78.7502(1) of the NRS provides that a
corporation may indemnify, pursuant to that statutory provision, 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 (other than
an action by or in the right of the corporation) by reason of the fact that such person is or was a director, officer, employee or agent
of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation
or other enterprise or as a manager of a limited liability company, against expenses (including attorneys’ fees), judgments, fines
and amounts paid in settlement actually and reasonably