Company: ATLN
Filing Date: 2025-06-23
Form Type: S-3
Source: 0001213900-25-056432
Chunk: 44

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-06-23
Form: S-3
Chunk 44
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 against loss arising from claims made by reason of breach of duty or other wrongful act and (2) to us
with respect to indemnification payments we may make to such officers and directors.

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Section 145 of the General
Corporation Law of the State of Delaware provides that a corporation has the power to indemnify a director, officer, employee, or agent
of the corporation and certain other persons serving at the request of the corporation in related capacities against expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlements actually and reasonably incurred by the person in connection
with a threatened, pending, or completed action, suit or proceeding to which he or she is or is threatened to be made a party by reason
of such position, if 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 any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful,
except that, in the case of actions brought by or in the right of the corporation, indemnification is limited to expenses (including attorneys’
fees) actually and reasonably incurred by the person in connection with defense or settlement of such action or suit and no indemnification
shall be made with respect to any claim, issue, or matter as to which such person shall have been adjudged to be liable to the corporation
unless and only to the extent that the Court of Chancery or other adjudicating court determines 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
the Court of Chancery or such other court shall deem proper. In addition, to the extent that a present or former director or officer of
a corporation has been successful on the merits or otherwise in defense of any action, suit, or proceeding described above (or claim,
issue, or matter therein), such person shall be indemnified against expenses (including attorneys’ fees) actually and reasonably
incurred by such person in connection therewith. Expenses (including attorneys’ fees) incurred by an officer or director in defending
any civil, criminal, administrative, or investigative action, suit, or proceeding may be advanced by the corporation upon receipt of an
undertaking by such person to repay such amount if it is ultimately determined that such person is not entitled