Company: MVNC
Filing Date: 2025-02-11
Form Type: S-8
Source: 0001683168-25-000906
Chunk: 5

Company: Marvion Inc.
Filing Date: 2025-02-11
Form: S-8
Chunk 5
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 of the director or officer to repay the amount if it is ultimately determined by a court
of competent jurisdiction that the director or officer is not entitled to be indemnified by the corporation.

Section 78.751 of the Nevada
RSA further provides that the indemnification provided for by Section 78.7502 shall not be deemed exclusive or exclude any other rights
to which the indemnified party may be entitled and that the scope of indemnification shall continue as to directors, officers, employees
or agents who have ceased to hold such positions, and to their heirs, executors and administrators.

Section 78.752 of the Nevada
RSA empowers a corporation to purchase and maintain insurance on behalf of any person who 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 any liability asserted against such person and the liability and expenses
incurred by him or her in any such capacity or arising out of his or her status as such, whether or not the corporation would have the
authority to indemnify such person against such liabilities and expenses.

Subsection 7 of Section
78.138 of the Nevada RSA provides that, except as otherwise provided in the Nevada RSA, or unless the corporation’s articles of
incorporation provide for greater individual liability, a director or officer of a corporation 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 it is proven that: (i) the director’s or officer’s act or failure to act constituted a breach of his or her fiduciary
duties as a director or officer; and (ii) the breach of those duties involved intentional misconduct, fraud or a knowing violation of
law.

The registrant’s Restated
Articles of Incorporation, as amended, provide that the registrant will indemnify to the fullest extent permitted by law any person made
or threatened to be made a party to any threatened, pending, or completed action or proceeding (whether civil, criminal, administrative
or investigative) (whether or not by or in the right of the corporation) by reason of the fact that he or she is or was a director of
the Corporation or is or was serving as a director, officer, employee or agent of another entity at the