Company: BCG
Filing Date: 2025-04-17
Form Type: S-8
Source: 0001104659-25-036042
Chunk: 3

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-17
Form: S-8
Chunk 3
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or her conduct was unlawful. A Delaware corporation may indemnify any person, including an officer or director, who was or is, or is threatened
to be made, a party to any threatened, pending or contemplated action or suit by or in the right of such corporation, under the same conditions,
except that such indemnification is limited to expenses (including attorneys’ fees) actually and reasonably incurred by such person,
and except that no indemnification is permitted without judicial approval if such person is adjudged to be liable to such corporation.
Where an officer or director of a corporation is successful, on the merits or otherwise, in the defense of any action, suit or proceeding
referred to above, or any claim, issue or matter therein, the corporation must indemnify that person against the expenses (including attorneys’
fees) that such officer or director actually and reasonably incurred in connection therewith.

Section 145 of the DGCL further authorizes a corporation to purchase
and maintain insurance on behalf of any person who 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 or enterprise, against any liability
asserted against him or her and incurred by him or her in any such capacity, or arising out of his or her status as such, whether or not
the corporation would otherwise have the power to indemnify him or her under Section 145.

The rights provided in Section 145 of the DGCL are not exclusive,
and the corporation may also provide for indemnification under bylaw, agreement, vote of stockholders or disinterested directors or otherwise.

Our Second Amended and Restated Certificate of Incorporation (the “Charter”)
provides that the Company, to the full extent permitted by Section 145 of the DGCL, as amended from time to time, shall indemnify
all persons whom it may indemnify pursuant thereto. Expenses (including attorneys’ fees) incurred by an officer or director in defending
any civil, criminal, administrative, or investigative action, suit or proceeding for which such officer or director may be entitled to
indemnification thereunder shall be paid by the Company in advance of the final disposition of such action, suit or proceeding upon receipt
of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that he or she
is not entitled to be indemnified by the Company as authorized thereby.