Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1278

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1278
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 respect to the interpretation or application of any provision of, the DGCL, our certificate of incorporation or bylaws; or

    ●
    any action asserting a
    claim governed by the internal affairs doctrine;

provided that, if and only if the Court of Chancery
of the State of Delaware dismisses any of the foregoing actions for lack of subject matter jurisdiction, any such action or actions may
be brought in another state court sitting in the State of Delaware.

The exclusive forum provision is limited to the extent
permitted by law, and it will not apply to claims arising under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), the Securities Act of 1933, as amended (the “Securities Act”), or for any other federal securities laws which
provide for exclusive federal jurisdiction.

Our Amended and Restated Certificate of Incorporation,
as amended, provides that unless we consent in writing to the selection of an alternative forum, the federal district courts of the United
States of America will be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities
Act or the Securities Exchange Act of 1934, as amended. Any person or entity purchasing or otherwise acquiring any interest in shares
of our capital stock are deemed to have notice of and consented to this provision.

Furthermore, Section 22 of the Securities Act creates
concurrent jurisdiction for federal and state courts over all such Securities Act actions. Accordingly, both state and federal courts
have jurisdiction to entertain such claims. To prevent having to litigate claims in multiple jurisdictions and the threat of inconsistent
or contrary rulings by different courts, among other considerations, our second amended and restated certificate of incorporation provides
that the federal district courts of the United States of America will be the exclusive forum for resolving any complaint asserting a
cause of action arising under the Securities Act. While the Delaware courts have determined that such choice of forum provisions are
facially valid, a stockholder may nevertheless seek to bring such a claim arising under the Securities Act against us, our directors,
officers, or other employees in a venue other than in the federal district courts of the United States of America. In such instance,
we would expect to vigorously assert the validity and enforceability of the exclusive forum provisions of our second amended and restated
certificate of incorporation.

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Although we believe this provision benefits us by
providing increased consistency in the application of Delaware law in the types of lawsuits to which