Company: OCEA
Filing Date: 2025-04-08
Form Type: 10-K
Source: 0001641172-25-003155
Chunk: 2269

Company: Ocean Biomedical, Inc.
Filing Date: 2025-04-08
Form: 10-K
Item: Item 1A
Chunk 2269
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 operations.

The
Company’s Third Amended and Restated Certificate of Incorporation requires, to the fullest extent permitted by law, that derivative
actions brought in our name, as applicable, against their respective directors, officers, other employees or stockholders for breach
of fiduciary duty and other similar actions may be brought only in the Court of Chancery in the State of Delaware, which may have the
effect of discouraging lawsuits against our directors, officers, other employees or stockholders, as applicable.

125

Pursuant
to the Company’s Third Amended and Restated Certificate of Incorporation (“the “Amended Certificate”), unless
we consent in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware will be the sole and exclusive
forum for any state law claims for: (i) any derivative action or proceeding brought on our behalf; (ii) any action asserting a claim
of breach of a fiduciary duty or other wrongdoing by any of our directors, officers, employees or agents to us or our stockholders; (iii)
any action asserting a claim against us arising pursuant to any provision of the General Corporation Law of the State of Delaware, the
Amended Certificate and the Company’s bylaws; (iv) any action to interpret, apply, enforce or determine the validity of the Amended
Certificate and the Company’s bylaws; or (v) any action asserting a claim governed by the internal affairs doctrine, in each case
subject to the Court of Chancery having personal jurisdiction over the indispensable parties named as defendants therein, or the Delaware
forum provision. This exclusive forum provision will not apply to any causes of action arising under the Securities Act or the Exchange
Act or any other claim for which the federal courts have exclusive jurisdiction. Unless we consent in writing to the selection of an
alternate forum, the United States District Courts shall be the sole and exclusive forum for resolving any complaint asserting a cause
of action arising under the Securities Act, or the federal forum provision, as our principal office is located in Providence, Rhode Island.
In addition, the Amended Certificate that any person or entity purchasing or otherwise acquiring any interest in shares of our common
stock is deemed to have notice of and consented to the Delaware forum provision and the federal forum provision; provided, however, that
stockholders cannot and will not be deemed to have waived our compliance with the federal securities laws and the rules and regulations
thereunder.

The
Delaware