Company: CMND
Filing Date: 2025-12-05
Form Type: F-1/A
Source: 0001213900-25-118772
Chunk: 224

Company: Clearmind Medicine Inc.
Filing Date: 2025-12-05
Form: F-1/A
Chunk 224
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 in the case of derivative                                                                     
 suits brought by a corporation’s stockholders in its name, a corporation may indemnify any person who is made a party to any action,           
 suit or proceeding on account of being a director, officer, employee or agent of the corporation (or was serving at the request of the         
 corporation in such capacity for another corporation, partnership, joint venture, trust or other enterprise) against expenses (including       
 attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with            
 the action, suit or proceeding, provided that there is a determination that: (i) the individual acted in good faith and in a manner reasonably 
 believed to be in or not opposed to the best interests of the corporation; and (ii) in a criminal action or proceeding, the individual         
 had no reasonable cause to believe his or her conduct was unlawful.                                                                            
 Without court approval, however, no indemnification may be made in                                                                             
 respect of any derivative action in which an individual is adjudged liable to the corporation, except to the extent the Court of Chancery      
 or the court in which such action or suit was brought shall determine upon application that, despite the adjudication but in view of all       
 the circumstances of the case, such person is fairly and reasonably entitled to indemnity.                                                     
 The DGCL requires indemnification of directors and officers for expenses                                                                       
 (including attorneys’ fees) actually and reasonably relating to a successful defense on the merits or otherwise of a derivative                
 or third-party action.                                                                                                                         
 Under the DGCL, a corporation may advance expenses relating to the                                                                             
 defense of any proceeding to directors and officers upon the receipt of an undertaking by or on behalf of the individual to repay such         
 amount if it shall ultimately be determined that such person is not entitled to be indemnified.                                                |     | Under the BCBCA, a company may indemnify: (i) a current or former director or officer of that company; (ii) a current or former director or officer of another corporation if, at the time such individual held such office, the corporation was an affiliate of the company, or if such individual held such office at our request; or (iii) an indemnifiable person (as defined in the “Description of Share Capital” section above) against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by him or her in respect of any civil, criminal, administrative or other legal