Company: IOBT
Filing Date: 2025-07-24
Form Type: S-3
Source: 0001193125-25-164495
Chunk: 25

Company: IO Biotech, Inc.
Filing Date: 2025-07-24
Form: S-3
Chunk 25
---
 to be in or not opposed to the best interests of the corporation, and, in any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful, except that, in the case of actions brought by or in the right of the corporation, no indemnification shall be made with respect to any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or other adjudicating court determines that, despite the adjudication of liability but in view of all of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper. Our amended and restated certificate of incorporation contains provisions that limit the liability of our directors for monetary damages to the fullest extent permitted by the DGCL. Consequently, our directors are not personally liable to us or our stockholders for monetary damages for any breach of fiduciary duties as directors, except liability for:

| • |     | any breach of the director’s duty of loyalty to us or our stockholders; |

| • |     | any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law; |

| • |     | unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of 
 the DGCL; or                                                                                              |

| • |     | any transaction from which the director derived an improper personal benefit. |

II-1

Our amended and restated certificate of incorporation provides that we shall indemnify each of our directors and executive officers, and shall have power to indemnify our other officers, employees and agents, to the fullest extent permitted by the DGCL as the same may be amended. At the 2023 Annual Meeting of Stockholders, the Company’s stockholders approved an amendment to, and the Company subsequently amended, its amended and restated certificate of incorporation to extend the indemnification of officers pursuant to recent amendments to the General Corporation Law of the State of Delaware. Subject to certain limitations and limited exceptions, our amended and restated certificate of incorporation provides for the advancement of expenses to each of our directors and, in the discretion of the board of directors, to certain officers and employees, for the defense of any action for which indemnification is required or permitted. We have entered into indemnification agreements with certain of our directors and our executive officers. These agreements will provide that we will