Company: SMNR
Filing Date: 2025-08-12
Form Type: S-4/A
Source: 0001193125-25-178821
Chunk: 698

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-12
Form: S-4/A
Chunk 698
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 of the assets of Denali against any liability, action, proceeding, claim, demand, costs, damages or expenses, including legal expenses, whatsoever which they or any of them may incur as a result of                                                                                                                                                                                                                        |     | A corporation is generally permitted to indemnify its directors and officers acting in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation.   Under the Current Semnur Charter, Semnur is required to indemnify its directors and officers and any and all persons whom it shall have power to |     | A corporation is generally permitted to indemnify its directors and officers acting in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation.   Under the Proposed Bylaws, New Semnur will be required to indemnify its directors and officers and any person serving at New Semnur’s request as a director, officer or trustee of                                                                                                                    |

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| Current Denali Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     | Current Semnur Governance                                                                     |     | Proposed Governance                                                                                                                                                                                                                                                                                                                                                   |
| any act or failure to act in carrying out their functions other than such liability (if any) that they may incur by reason of their own actual fraud, willful neglect or willful default. No Indemnified Person shall be liable to Denali for any loss or damage incurred by Denali as a result (whether direct or indirect) of the carrying out of their functions unless that liability arises through the actual fraud, willful neglect or willful default of such Indemnified Person. No person shall be found to have committed actual fraud, willful neglect or willful default unless or until a court of competent jurisdiction shall have made a finding to that effect.                                                                                                                                                                                                                                                                                                                                                                                                    |     | indemnify to the fullest extent permitted by the DGCL.                                        |     | another entity as described therein, to the extent not prohibited by the DGCL.                                                                                                                                                                                                                                                                                        |
| Corporate Opportunity Provision                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     |                                                                                               |     |                                                                                                                                                                                                                                                                                                                                                                       |
| The Current Denali Charter provides that to the fullest extent permitted by applicable law, no individual serving as a director or an officer of Denali has any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as Denali and Denali renounces any interest or