Company: HSDTW
Filing Date: 2025-07-10
Form Type: S-8
Source: 0001104659-25-066994
Chunk: 4

Company: Solana Co
Filing Date: 2025-07-10
Form: S-8
Chunk 4
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5) we are authorized to enter into indemnification agreements with our directors, officers, employees and agents;
and (6) we may secure insurance on behalf of any director, officer, employee or other agent for any liability arising out of his
or her actions in that capacity regardless of whether we would otherwise be permitted to indemnify him or her under the provisions of
Delaware law.

Indemnification Agreements

We have entered into indemnification agreements with our directors
and officers. These agreements provide broader indemnity rights than those provided under the Delaware General Corporation Law and the
Registrant’s certificate of incorporation, as amended. The indemnification agreements are not intended to deny or otherwise limit
third-party or derivative suits against us or our directors or officers, but to the extent a director or officer were entitled to indemnity
or contribution under the indemnification agreement, the financial burden of a third-party suit would be borne by us, and we would not
benefit from derivative recoveries against the director or officer. Such recoveries would accrue to our benefit but would be offset by
our obligations to the director or officer under the indemnification agreement.

Insurance Policy

We maintain a directors’ and officers’ liability insurance
policy. The policy insures directors and officers against unindemnified losses arising from certain wrongful acts in their capacities
as directors and officers and reimburses us for those losses for which we have lawfully indemnified the directors and officers. The policy
contains various exclusions.

The foregoing summaries are not intended to be exhaustive and are qualified
in their entirety by reference to the complete text of the statute, the Registrant’s certificate of incorporation, as amended and
the agreements referred to above and are qualified in their entirety by reference thereto.

| Item 7. | Exemption from Registration Claimed. |

Not applicable.

| Item 8. | Exhibits. |

<div align='center'>EXHIBIT INDEX</div>

The following exhibits are filed as part of this
registration statement.

<div align='center'>INDEX TO EXHIBITS</div>

| Exhibit 
 Number  
 4.1     
 4.2     |     | Description                                                                                                                     
 Certificate                                                                                                                     
 of Conversion filed with the Delaware Secretary of State on July 18, 2018 (incorporated by reference to Exhibit 3.1 to          
 the Form 10-Q filed August 9, 2018)                                                                                             
 Certificate                                                                                                                     
 of Incorporation, as corrected (inc