Company: KAVL
Filing Date: 2025-07-11
Form Type: S-3/A
Source: 0001731122-25-000968
Chunk: 4

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-07-11
Form: S-3/A
Chunk 4
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 request of the
Company as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust, enterprise or nonprofit
entity, including service with respect to employee benefit plans, against all liability and loss suffered and reasonably incurred by such
person.

Our bylaws provide that if an indemnification claim
made by an officer or director of the Company is not paid in full by the Company within thirty (30) days after a written claim has been
received by the Company, the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim
and, if successful in whole or in part, the claimant shall also be entitled to be paid the expense of prosecuting such claim. It shall
be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in
advance of its final disposition where any required undertaking has been tendered to the Company) that the claimant has not met the standards
of conduct which make it permissible under the DGCL for the Company to indemnify the claimant for the 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.

<div align='center'>II-1</div>

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