Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 406

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 406
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 Court of Clark County, Nevada will be the sole and exclusive forum for substantially
all disputes between the Company and its stockholders, which could limit stockholders’ ability to obtain a favorable judicial forum
for disputes with the Company or its directors, officers or employees.

Our
Bylaws provide that unless the Company consents in writing to the selection of an alternative forum, the Eighth Judicial District Court
of Clark County, Nevada shall be the sole and exclusive forum for state law claims with respect to: (i) any derivative action or proceeding
brought in the name or right of the Company or on its behalf, (ii) any action asserting a claim for breach of any fiduciary duty owed
by any director, officer, employee or agent of the Company to the Company or the Company’s stockholders, (iii) any action arising
or asserting a claim arising pursuant to any provision of Nevada Revised Statutes Chapters 78 or 92A or any provision of the Company’s
Articles of Incorporation or Bylaws (“Bylaws”) or (iv) any action asserting a claim governed by the internal affairs doctrine,
including, without limitation, any action to interpret, apply, enforce or determine the validity of the Company’s Articles of Incorporation
or Bylaws. This exclusive forum provision would not apply to suits brought to enforce any liability or duty created by the Securities
Act of 1933, as amended (“Securities Act”), or the Exchange Act or any other claim for which the federal courts have exclusive
jurisdiction. To the extent that any such claims may be based upon federal law claims, Section 27 of the Exchange Act creates exclusive
federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations
thereunder. Furthermore, Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits
brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder.

This
choice of forum provision may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes
with the Company or its directors, officers, other employees or agents, which may discourage such lawsuits against the Company and its
directors, officers, other employees and agents. Alternatively, if a court were to find the choice of forum provision contained in our
Bylaws to be inapplicable or unenforceable in an action, the Company may incur additional costs associated with resolving such action