Company: CMND
Filing Date: 2025-09-19
Form Type: F-1
Source: 0001213900-25-089545
Chunk: 31

Company: Clearmind Medicine Inc.
Filing Date: 2025-09-19
Form: F-1
Chunk 31
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 of the fair value of their shares. Following compliance with the procedural steps contemplated in any such interim order (including as      
 to obtaining security holder approval), the court would conduct a final hearing, which would, among other things, assess the fairness       
 of the arrangement and approve or reject the proposed arrangement.                                                                          
 The BCBCA does not contain a provision comparable                                                                                           
 to Section 251(h) of the DGCL.                                                                                                              |

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| Special Vote Required for Combinations with Interested Stockholders/Shareholders |     | Section 203 of the DGCL provides (in general)                                                                                                  
 that a corporation may not engage in a business combination with an interested stockholder for a period of three years after the time          
 of the transaction in which the person became an interested stockholder. The prohibition on business combinations with interested stockholders 
 does not apply in some cases, including if: (i) the board of directors of the corporation, prior to the time of the transaction in which       
 the person became an interested stockholder, approves (a) the business combination or (b) the transaction in which the stockholder becomes     
 an interested stockholder; (ii) upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder,     
 the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced;        
 or (iii) the board of directors and the holders of at least two-thirds of the outstanding voting stock not owned by the interested stockholder 
 approve the business combination on or after the time of the transaction in which the person became an interested stockholder.                 
 For the purpose of Section 203, the DGCL, subject                                                                                              
 to specified exceptions, generally defines an interested stockholder to include any person who, together with that person’s affiliates         
 or associates, (i) owns 15% or more of the outstanding voting stock of the corporation (including any rights to acquire stock pursuant         
 to an option, warrant, agreement, arrangement or understanding, or upon the exercise of conversion or exchange rights, and stock with          
 respect to which the person has voting rights only), or (ii) is an affiliate or associate of the corporation and owned 15% or more of          
 the outstanding voting stock of the corporation at any time within the previous three years.                                                   |     | The BCBCA does not contain a provision comparable to Section 203 of the DGCL with respect to business combinations. |

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