Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 172

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 172
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Item 3. Legal Proceedings.

Indemnification of Directors and Officers

Section 145 of the Delaware General Corporation
Law (the “DGCL”) provides, generally, that a corporation shall have the power to indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding (except actions by or in the right
of the corporation) by reason of the fact that such person is or was a director, officer, employee or agent of the corporation against
all expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such
action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed
to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe his
or her conduct was unlawful. A corporation may similarly indemnify such person for expenses actually and reasonably incurred by such person
in connection with the defense or settlement of any action or suit by or in the right of the corporation, provided that such person
acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, and,
in the case of claims, issues and matters as to which such person shall have been adjudged liable to the corporation, provided
that a court shall have determined, upon application, that, despite the adjudication of liability but in view of all of the circumstances
of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper.

The Company’s certificate of incorporation
and bylaws provide that, subject to limited exceptions and requirements, the Company is required to indemnify its directors and officers,
and each person serving at the request of the Company as a director, officer, incorporator, partner, manager or trustee of another entity,
to the fullest extent permitted by the DGCL.  The Company’s bylaws also provide that, subject to limited exceptions and
requirements, the Company is required to advance to such person’s expenses (including attorney’s fees) incurred by them in
defending and preparing for the defense of any proceeding or investigation in respect of which indemnification may be available.

Section 102(b)(7) of the DGCL provides, generally,
that the certificate of incorporation of a corporation may contain a provision eliminating or limiting the personal liability of a