Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 96

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 6
Chunk 96
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 disclosed above, none of our Directors has entered into a service agreement with our Company or any of our subsidiary that provides
for benefits upon termination of employment.

Employment
Agreements and Indemnification Agreements

We
have entered into employment agreements with each of our executive officers for a specified time period providing that the agreements
are terminable for cause at any time. The terms of these agreement are substantially similar to each other. A senior executive officer
may terminate his or her employment at any time with a 1-month prior written notice. We may terminate the executive officer’s employment
for cause, at any time, without advance notice or remuneration, for certain acts of the executive officer, such as conviction or plea
of guilty to a felony or any crime involving moral turpitude, negligent or dishonest acts to our detriment, or misconduct or a failure
to perform agreed duties.

Each
executive officer has agreed to hold in strict confidence and not to use, except for the benefit of our company, any proprietary information,
technical data, trade secrets and know-how of our company or the confidential or proprietary information of any third party, including
our subsidiaries and our clients, received by our company. Each of these executive officers has also agreed to be bound by noncompetition
and non-solicitation restrictions during the term of his or her employment and typically for two years following the last date of employment.

We
expect to enter into indemnification agreements with our directors and executive officers, pursuant to which we will agree to indemnify
our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made
by reason of their being such a director or officer.

ITEM
7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS