Company: CMND
Filing Date: 2025-12-03
Form Type: 424B5
Source: 0001213900-25-117534
Chunk: 44

Company: Clearmind Medicine Inc.
Filing Date: 2025-12-03
Form: 424B5
Chunk 44
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) 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 proceeding or investigative 
 action (whether current, threatened, pending or completed) in which he or she is involved because of that person’s position                
 as an indemnifiable person, unless: (i) the individual did not act honestly and in good faith with a view to the best interests of         
 such company or the other entity, as the case may be; or (ii) in the case of a proceeding other than a civil proceeding, the individual    
 did not have reasonable grounds for believing that the individual’s conduct was lawful. A company cannot indemnify an indemnifiable        
 person if it is prohibited from doing so under its articles. In addition, a company must not indemnify an indemnifiable person in          
 proceedings brought against the indemnifiable person by or on behalf of the company or an associated company. A company may pay,           
 as they are incurred in advance of the final disposition of an eligible proceeding, the expenses actually and reasonably incurred          
 by an indemnifiable person in respect of that proceeding only if the indemnifiable person has provided an undertaking that, if it          
 is ultimately determined that the payment of expenses was prohibited, the indemnifiable person will repay any amounts advanced. Subject    
 to the aforementioned prohibitions on indemnification, a company must, after the final disposition of an eligible proceeding, pay          
 the expenses actually and reasonably incurred by an indemnifiable person in respect of such eligible proceeding if such indemnifiable      
 person has not been reimbursed for such expenses, and was wholly successful, on the merits or otherwise, in the outcome of such eligible   
 proceeding or was substantially successful on the merits in the outcome of such eligible proceeding. On application from an indemnifiable  
 person, a court may make any order the court considers appropriate in respect of an eligible proceeding, including the indemnification     
 of penalties imposed or expenses incurred in any such proceedings and the enforcement of an indemnification agreement. As permitted        
 by the BCBCA, our articles require us to indemnify our directors, officers, former directors or officers (and such