Company: CMND
Filing Date: 2025-06-12
Form Type: POS AM
Source: 0001213900-25-053898
Chunk: 40

Company: Clearmind Medicine Inc.
Filing Date: 2025-06-12
Form: POS AM
Chunk 40
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Our articles of association provide that we may
indemnify our directors, former directors, officers or former officers, any other person and his or her heirs and legal personal representatives
against all eligible penalties to which such person is or may be liable, and we may, after the final disposition of an eligible proceeding,
pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each of our directors and officers is
deemed to have contracted with us on terms of the indemnity contained in our articles of association. In addition, the Registrant may
indemnify any other person in accordance with the BCBCA.

We also have entered and intend to enter into
separate indemnification agreements with our directors and executive officers, in addition to indemnification provided for in our articles
of association. These agreements, among other things, to provide for indemnification of our directors and executive officers for expenses,
judgments, fines and settlement amounts incurred by such persons in any action or proceeding arising out of this person’s services
as a director or executive officer or at our request. We believe that these provisions in our articles of association and indemnification
agreements are necessary to attract and retain qualified persons as directors and executive officers.

The above description of the limitation of liability
and indemnification provisions of our articles of association of incorporation, our articles of association and our indemnification agreements
is not complete and is qualified in its entirety by reference to these documents, each of which will be filed as an exhibit to this registration
statement to which this prospectus forms a part.

The limitation of liability and indemnification
provisions in our articles of association may discourage shareholders from bringing a lawsuit against our directors for breach of their
fiduciary duties. They may also reduce the likelihood of derivative litigation against directors and officers, even though an action,
if successful, might benefit us and our shareholders. A shareholder’s investment may be harmed to the extent we pay the costs of
settlement and damage awards against directors and officers pursuant to these indemnification provisions.

We maintain a general liability insurance policy
that covers certain liabilities of directors and officers of our corporation arising out of claims based on acts or omissions in their
capacities as directors or officers.

In any placement agent agreement we enter into
in connection with the sale of Common Shares being registered hereby, the placement agent will agree to indemnify, under certain conditions,
us, our directors, our officers and persons who control us within the meaning of the Securities Act,