Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 308

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 308
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 of Interest

Under Cayman Islands law, directors and officers owe the following fiduciary duties:

| ● | duty                                                                                      
 to act in good faith in what the director or officer believes to be in the best interests 
 of the company as a whole;                                                                |

| ● | duty                                                                                               
 to exercise powers for the purposes for which those powers were conferred and not for a collateral 
 purpose;                                                                                           |

| ● | directors                                                       
 should not improperly fetter the exercise of future discretion; |

| ● | duty                                                                     
 to exercise powers fairly as between different sections of shareholders; |

| ● | duty                                                                                       
 not to put themselves in a position in which there is a conflict between their duty to the 
 company and their personal interests; and                                                  |

| ● | duty                              
 to exercise independent judgment. |

In addition to the above, directors also owe a duty of care which is not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably diligent person having both the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions as are carried out by that director in relation to the company and the general knowledge skill and experience of that director.

As set out above, directors have a duty not to put themselves in a position of conflict and this includes a duty not to engage in self-dealing, or to otherwise benefit as a result of their position. However, in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized in advance by the shareholders provided that there is full disclosure by the directors. This can be done by way of permission granted in the memorandum and articles of association or alternatively by shareholder approval at general meetings.

HVII’s management team is responsible for the management of HVII’s affairs. As described above and below, each of HVII’s officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities. Accordingly, if any of HVII’s officers or directors becomes aware of a business combination opportunity which is suitable for one or more entities to which he or she has fiduciary, contractual or other obligations or duties, he or she will honor these obligations and duties to present such business combination opportunity to such entities first, and only present it to us if such entities reject the opportunity and he or she determines to present