Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 65

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 65
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 or is made a party or is threatened to be
made a party to or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (hereinafter
a “proceeding”), by reason of the fact that he or she (or a person for whom he or she is a representative) is or was a director
or an officer of the Company or is or was serving at the request of the Company in any position or capacity for any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise (hereinafter an “indemnitee”), whether the basis
of such proceeding is alleged action in an official capacity or in any other capacity shall be indemnified and held harmless by the corporation
to the fullest extent permitted by Nevada against all expense, liability and loss (including attorneys’ fees, judgments, fines,
ERISA excise taxes or penalties and amounts paid in settlement) incurred or suffered by such indemnitee in connection therewith; provided,
however, that with respect to proceedings to enforce rights to indemnification, the Company shall indemnify any such indemnitee in connection
with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board
of Directors of the corporation.

Insofar as indemnification for liability arising under
the Securities Act of 1933, as amended (the “Securities Act”), be permitted to directors, officers and controlling persons
of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

| II-1 |

Item 15. Recent Sales of Unregistered Securities

| On April 21, 2023, the Company sold 444 common shares at $17.20 per share for $7,624. The sale of the common shares was in connection with the Form S-3 shelf registration statement, which was declared effective by the SEC on October 13, 2022 allowing the Company to issue up to $30,000,000 of common shares and up to $13,000,000 of common shares that may be issued and sold under the At-The-Market Offering Agreement dated as of September 30, 2022.                                                                                                                                                                                                                                                                   |
| On May 1, 2023, the Company issued Steven Rossi