Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 461

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 461
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, amend or repeal the Delaware Bylaws or adopt new Bylaws without any action on the part of the stockholders; provided that any Delaware Bylaw adopted or amended by the LNHC board of directors, and any powers thereby conferred, may be amended, altered or repealed by the LNHC stockholders.                                                                                                              |
| Charter regarding limitation of liability |     | The Nevada Articles of Incorporation provide that to the full extent permitted by the NRS and any other applicable law currently or thereafter in effect, no director or officer of Channel will be personally liable to Channel or its stockholders for or with respect to any breach of fiduciary duty or other act or omission as a director. Any repeal or modification of this provision will not adversely affect the protection of any director provided thereby in relation to any breach of fiduciary duty or other act or omission as a director occurring prior to the effectiveness of such repeal or modification. If any provision of the NRS is amended to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of directors will be eliminated or limited to the fullest extent permitted by the NRS, as so amended. |     | The Delaware Certificate of Incorporation provides that to the fullest extent permitted by law, a director of LNHC will not be personally liable to LNHC or to its stockholders for monetary damages for any breach of a fiduciary duty as a director. No amendment to, modification of, or repeal of this limitation of liability shall apply to or have any effect on the liability or alleged liability of any director of LNHC for or with respect to any acts or omission of such director occurring prior to such amendment. |

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TABLE OF CONTENTS

| Provisions                                                                              |     | Nevada                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     | Delaware                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Charter regarding forum adjudication for disputes                                       |     | The Nevada Articles of Incorporation provide that unless Channel consents in writing to the selection of an alternative forum, (a) the Second Judicial District Court, in and for the State of Nevada, located in Washoe County, Nevada, will, to the fullest extent permitted by law, be the sole and exclusive forum for (i) any derivative action, suit or proceeding brought on behalf of Channel, (ii) any action, suit or proceeding asserting a claim of breach of a fiduciary duty owed by any director, officer, employee or stockholder of Channel to Channel or to Channel’s stockholders, or (iii) any