Nyrada Inc - Annual Report 2021

Annual Report FY21 21 Dividends There were no dividends paid, recommended, or declared during the current or previous financial year. Indemnity and insurance of officers As permitted under Delaware law, Nyrada indemnifies its Directors and certain officers and is permitted to indemnify employees for certain events or occurrences that happen by reason of their relationship with, or position held at, Nyrada. The Company’s Certificate of Incorporation and By-laws provide for the indemnification of its Directors, officers, employees and other agents to the maximum extent permitted by the Delaware General Corporation Law. Nyrada has entered into indemnification agreements with its Directors and certain officers to this effect, including the advancement of expenses incurred in legal proceedings to which the Director or officer was, or is threatened to be made, a party by reason of the fact that such Director or officer is or was a Director, officer, employee or agent of Nyrada, provided that such a Director or officer acted in good faith and in a manner that the Director or officer reasonably believed to be in, or not opposed to, the Company’s best interests. At present, there is no pending litigation or proceedings involving a Director or officer for which indemnification is sought, nor is the Company aware of any threatened litigation that may result in claims for indemnification. Nyrada maintains insurance policies that indemnify the Company’s Directors and officers against various liabilities that might be incurred by any Director or officer in his or her capacity as such. The premium paid has not been disclosed as it is subject to confidentiality provisions under the insurance policy. Indemnity and insurance of auditor The Company has not, during or since the end of the financial year, indemnified or agreed to indemnify the auditor of the Company or any related entity against a liability incurred by the auditor. During the financial year, the Company has not paid a premium in respect of a contract to insure the auditor of the Company or any related entity. Meetings of Directors The following table sets out the number of directors’ meetings (including meetings of committees of directors) held during the financial year and the number of meetings attended by each director (while they were a director or committee member). Board of Directors Audit & Risk Committee Remuneration & Nomination Committee Directors Attended Held Attended Held Attended Held John Moore 9 9 2 2 1 1 Graham Kelly 1 2 2 - - - 1 Peter Marks 9 9 2 2 - - Rüdiger Weseloh 7 9 - - - - Marcus Frampton 9 9 2 2 - - Christopher Cox 6 9 - - 1 1 Ian Dixon 2 7 7 - - - - 1 Graham Kelly resigned as Non-Executive Director on 8 September 2020. 2 Ian Dixon was appointed Non-Executive Director on 8 September 2020.