Company: MVNC
Filing Date: 2025-02-11
Form Type: S-8
Source: 0001683168-25-000906
Chunk: 3

Company: Marvion Inc.
Filing Date: 2025-02-11
Form: S-8
Chunk 3
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, joint venture, trust or other enterprise, against expenses, including attorneys’ fees, judgments, fines and amounts
paid in settlement actually and reasonably incurred by such person in connection with the action, suit or proceeding if that person: (i)
is not liable pursuant to Nevada RSA Section 78.138, or (ii) acted in good faith and in a manner that he or she reasonably believed to
be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable
cause to believe his or her conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction
or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person is liable pursuant to Nevada
RSA Section 78.138 or did not act in good faith and in a manner that he or she reasonably believed to be in or not opposed to the best
interests of the corporation, or that, with respect to any criminal action or proceeding, he or she had reasonable cause to believe that
his or her conduct was unlawful.

Subsection 2 of Section
78.7502 of the Nevada RSA empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to
any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor 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, partnership, joint venture, trust or other enterprise
against expenses, including amounts paid in settlement and attorneys’ fees actually and reasonably incurred by such person in connection
with the defense or settlement of the action or suit if he or she: (i) is not liable under Nevada RSA Section 78.138, or (ii) acted in
good faith and in a manner that he or she reasonably believed to be in or not opposed to the best interests of the corporation. Indemnification
pursuant to this section may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent
jurisdiction, after exhaustion of any appeals taken therefrom, to be liable to the corporation or for amounts paid in settlement to the
corpor