Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 671

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 671
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 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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officers for certain expenses, including attorneys’ fees, judgments, fines and settlement amounts incurred by a director or executive officer in any action or proceeding arising out of their services as one of its directors or executive officers, or any of its subsidiaries or any other company or enterprise to which the person provides services at its request. Cara believes that these bylaw provisions and indemnification agreements are necessary to attract and retain qualified persons as directors and officers. The limitation of liability and indemnification provisions in its amended and restated certificate of incorporation and amended and restated Bylaws may discourage stockholders from bringing a lawsuit against 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 Cara and its stockholders. A stockholder’s investment may be harmed to the extent Cara pays the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions. At present, there is no pending litigation or proceeding involving any of