Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 44

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 44
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 with the A&R Glockner Bridge Note in

exchange for the issuance to the Glockner Lender of 1,392,059 shares of Series C Preferred Stock on March 24, 2025.

On October 1, 2024, the Company and Dr. John Scott agreed to amend and restate the Scott Bridge Note (as

amended, the “A&R Scott Bridge Note”). The A&R Scott Bridge Note was reissued in the principal amount of $1,000 and

such borrowings are due at maturity on January 31, 2025. From August 22, 2024 to but excluding October 1, 2024, interest

on the A&R Scott Bridge Note accrued at a rate of 11.5% per annum, and from and after October 1, 2024, interest on the

A&R Scott Bridge Note accrued at a rate of 13.5% per annum. In the event of a failure to pay any amount due under the

A&R Scott Bridge Note, such failure will not constitute an event of default unless certain other conditions are met. The

Company also agreed to pay Dr. John Scott, the Company’s Chief Strategy Officer, $1,000 under the Scott Bridge Note.

On March 20, 2025, Dr. Scott agreed to deem as repaid in full and otherwise terminated all loans and other obligations of

Innventure LLC to Dr. Scott under the A&R Scott Bridge Note and any loan documentation executed in connection with

the A&R Scott Bridge Note in exchange for (i) Dr. Scott’s receipt in cash of $195 and (ii) the issuance to Dr. Scott of

226,334 shares of Series C Preferred Stock on March 24, 2025.

**23

Review, Approval or Ratification of Transactions with Related Parties**

The Audit Committee has the primary responsibility for reviewing and approving or disapproving “related party

transactions,” which are transactions between the Company and related parties in which the aggregate amount involved

exceeds or may be expected to exceed $120 and in which a related party has or will have a direct or indirect material

interest. The written charter of the Audit Committee provides that the Audit Committee will review and approve in advance

any related party transaction.

**Limitation of Liability and Indemnification of Directors and Executive Officers**

Innventure has entered into indemnification agreements with each of Innventure’s directors and executive officers,

the form of which is attached as