Company: KHC
Filing Date: 2025-02-13
Form Type: S-3ASR
Source: 0001193125-25-026089
Chunk: 33

Company: Kraft Heinz Co
Filing Date: 2025-02-13
Form: S-3ASR
Chunk 33
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 obligation,
or other liability incurred by the person by reason of the person’s former or present capacity as a member or manager, if the claim, demand, debt, obligation, or other liability does not arise from the person’s breach of sections 8845
(relating to limitations on distributions), 8847 (relating to rules for member or manager managed limited liability companies), 8849.1 (relating to standards of conduct for members), or 8849.2 (standards of conduct for managers). The statue provides
that indemnification shall not be made in any case where the act giving rise to the claim for indemnification is determined by a court to constitute recklessness, willful misconduct, or a knowing violation of law. Section 8848 also provides
that a limited liability company may advance expenses, including attorney fees and costs, incurred by a person in connection with a claim or demand against the person by reason of the person’s former or present capacity as a member or manager,
if the person promises to repay the company if the person ultimately is determined not to be entitled to be indemnified.

The
Issuer’s operating agreement, dated as of November 21, 2024 (the “Operating Agreement”), provides that, except as may be limited by law, it shall indemnify each present and former officer, director, or manager, or any
person serving at the request of the Issuer as a director, manager, officer, employee or other agent of another organization (for purposes of this paragraph, each an “indemnified party”) against all expenses incurred by such indemnified
party in connection with any proceeding in which the indemnified party is involved as a result of serving in such capacity, provided, however, that no indemnification shall be provided for an indemnified party regarding any matter as to which it
shall be finally determined (a) that the indemnified party did not act in good faith and in the reasonable belief that such indemnified party’s action was in the best interests of the Issuer or (b) with respect to a criminal matter,
that the indemnified party had reasonable cause to believe that its conduct was unlawful. Subject to these limitations, the Issuer may provide indemnification with respect to a proceeding in which it is claimed that an indemnified party received an
improper personal benefit by reason of his or her position, regardless of whether the claim arises out of the indemnified party’s service in such capacity, except for matters as to which it is finally determined that an