Company: SMNR
Filing Date: 2025-07-23
Form Type: S-4/A
Source: 0001193125-25-163401
Chunk: 696

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-23
Form: S-4/A
Chunk 696
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 current form or as thereafter amended are granted subject to the rights reserved below.Notwithstanding the foregoing, from and after the occurrence of the Scilex Trigger Event, notwithstanding any other provisions of the Proposed Charter or any provision of law that might otherwise permit a lesser vote or no vote, but in addition to any greater or additional vote or consent required thereunder (including any vote of the holders of any particular class or classes or series of stock required by law or by the Proposed Charter or any Preferred Stock Designation), the affirmative vote of the holders of at least 66 2/3% of the voting power of the then-outstanding shares of stock entitled to vote thereon, voting together as a single class, shall be required to alter, amend or repeal Articles V (Board of Directors), VI (Consent of Stockholders in Lieu of Meeting; Special Meetings of Stockholders), VII (Limitation of Liability), VIII (Corporate Opportunities and Competition), IX (Exclusive Forum), X (Section 203 of the DGCL) and XI (Amendment of Certificate of Incorporation and Bylaws), and no other provision may be adopted, amended or repealed that would have the effect of modifying or permitting the circumvention of the provisions set forth in any of such Articles.Amendment of BylawsUnder the Current Denali Charter, subject to applicable law and theThe Current Semnur Charter provides that the board ofUnder the Proposed Charter, the New Semnur Board will be431

#### Current Denali GovernanceCurrent Semnur GovernanceProposed Governanceprovisions of the Current Denali Charter as regards to matters to be dealt with by ordinary resolution, Denali may, by special resolution, alter or add to the Current Denali Charter, including with respect to any objects, powers or other matters specified therein.directors may adopt, repeal, rescind, alter or amend in any respect the Current Semnur Bylaws. The Current Semnur Bylaws provide that the stockholders entitled to vote may adopt, amend or repeal such bylaws.The Current Semnur Bylaws also provides that a bylaw amendment adopted by stockholders which specifies the vote that shall be necessary for the election of directors shall not be further amended or repealed by the board of directors.expressly authorized to make, alter and repeal the Proposed Bylaws without the consent or vote of the New Semnur stockholders in any manner not inconsistent with applicable laws or the Proposed Charter. From and after the occurrence of the Scilex Trigger Event, notwithstanding any other provisions of