Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 670

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 670
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 Cara has agreed to pay CSL Vifor $3.0 million to compensate CSL Vifor for the estimated incremental future expenses to be incurred by CSL Vifor as a result of the transfer of the assets to be acquired and the liabilities to be assumed by it in connection with the Asset Disposition. See “Asset Sale” beginning on page 216of this proxy statement/prospectus.

Indemnification Agreements with Executive Officers and Directors

Cara’s amended and restated certificate of incorporation limits the liability of directors to the maximum extent permitted by Delaware law. Delaware law provides that directors of a corporation will not be personally liable for monetary damages for breach of their fiduciary duties as directors, except for liability for any:

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breach of their duty of loyalty to the corporation or its stockholders;

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

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unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the Delaware General Corporation Law; or

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transaction from which the directors derived an improper personal benefit.

Cara’s amended and restated certificate of incorporation does not eliminate a director’s duty of care and, in appropriate circumstances, equitable remedies, such as injunctive or other forms of non-monetary relief, remain available under Delaware law. These limitations also do not affect a director’s responsibilities under any other laws, such as the federal securities laws or other state or federal laws. Cara’s amended and restated Bylaws provide that Cara will indemnify its directors and executive officers, and may indemnify other officers, employees and other agents, to the fullest extent permitted by law. Cara’s amended and restated Bylaws also provide that Cara is obligated to advance expenses incurred by a director or officer in advance of the final disposition of any action or proceeding and also permit Cara to secure insurance on behalf of any officer, director, employee or other agent for any liability arising out of his or her actions in connection with their services to Cara, regardless of whether Cara’s amended and restated Bylaws permit such indemnification. Cara has obtained a directors’ and officers’ liability insurance policy.

Cara has entered, and intend to continue to enter, into separate indemnification agreements with its directors and executive officers, in addition to the indemnification provided for in its amended and restated Bylaws. These agreements, among other things, require Cara to indemnify its directors and executive

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