Company: KAVL
Filing Date: 2025-08-04
Form Type: S-3/A
Source: 0001731122-25-001067
Chunk: 60

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-04
Form: S-3/A
Chunk 60
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 amount claimed, but the burden of
proving such defense shall be on the Company. Neither the failure of the Company (including its board of directors (“Board”),
legal counsel, or its stockholders) to have made a determination prior to the commencement of such action that indemnification of the
claimant is proper in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual
determination by the Company (including its Board, legal counsel, or its stockholders) that the claimant has not met such applicable standard
of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.

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The right of our directors and officers to indemnification
under our charter and bylaws is not exclusive of any other right which they may have or hereafter acquire under any statute, our charter,
our bylaws, any agreement, vote of stockholders or disinterested directors or otherwise.

The Company may also maintain insurance, at its expense,
to protect itself and any director, officer, employee or agent of the Company or another corporation, partnership, joint venture, trust
or other enterprise against any such expense, liability or loss, whether or not the Company would have the power to indemnify such person
against such expense, liability or loss under the DGCL or under the provisions of our bylaws.

In any underwriting agreement we enter into in connection
with the sale of common stock being registered hereby, the underwriters will agree to indemnify, under certain conditions, us, our directors,
our officers and persons who control us within the meaning of the Securities Act of 1933, as amended, or the Securities Act, against certain
liabilities.

These indemnification provisions may be sufficiently
broad to permit indemnification of our directors and officers for liabilities (including reimbursement of expenses incurred) arising under
the Securities Act.

Item 16. Exhibit s

The following Exhibits are filed herewith or incorporated
herein by reference:

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EXHIBIT INDEX

| No.    |     | Exhibit No.                                                                                                                                                                                                                                                                                                                                      |
| 1.1**  |     | Form of Underwriting Agreement or Purchase Agreement                                                                                                                                                                                                                                                                                             |
| 3.1*   |     | Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to