Company: WKSP
Filing Date: 2025-03-28
Form Type: S-8
Source: 0001641172-25-001299
Chunk: 3

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-8
Chunk 3
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 Nevada corporation 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, whether civil, criminal, administrative or investigative, other than an action by or in the right of the corporation (i.e., a “non-derivative proceeding”), by reason of the fact that he or she 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 expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with the action, suit or proceeding if he or she:

| ● | is                                                                                                                                  
 not liable under NRS 78.138 for breach of his or her fiduciary duties to the corporation; or                                        |
| ● | acted                                                                                                                               
 in good faith and in a manner which he or she 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.         |

In addition, NRS 78.7502 permits Nevada corporation 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 or suit by or in the right of the corporation to procure a judgment in its favor (i.e., a “derivative proceeding”), by reason of the fact that he or she 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 expenses, including amounts paid in settlement and attorneys’ fees actually and reasonably incurred by him or her in connection with the defense or settlement of the action or suit if he or she:

| ● | is                                                                                                                                  
 not liable under NRS 78.138 for breach of his or her fiduciary duties to the corporation; or                                        |
| ● | acted                                                                                                                               
 in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation. |

Under NRS 78.502, indemnification may not be made for any claim, issue, or matter as to which such a