Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 464

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 464
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holders not physically present at a meeting of LNHC stockholders may, by means of remote communication, (1) participate in a meeting of LNHC stockholders and (2) be deemed present in person and vote at a meeting of LNHC stockholders, whether such meeting is to be held at a designated place or solely by means of remote communication, provided that (i) LNHC will implement reasonable measures to verify that each person deemed present and permitted to                                                         |

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| Provisions                               |     | Nevada                                                                                                                                                                                                                                                                                                                                  |     | Delaware                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                          |     |                                                                                                                                                                                                                                                                                                                                         |     | vote at the meeting by means of remote communication is a LNHC stockholder or proxyholder, (ii) LNHC will implement reasonable measures to provide such LNHC stockholders and proxyholders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the LNHC stockholders, including an opportunity to read or hear the proceedings of the meeting substantially concurrently with such proceedings, and (iii) if any LNHC stockholder or proxyholder votes or takes other action at the meeting by means of remote communication, a record of such vote or other action shall be maintained by LNHC. |
| Charter/Bylaws regarding indemnification |     | The Nevada Articles of Incorporation provide an indemnification section, which sets forth the terms and procedures regarding the right to indemnification by a director, officer, employee, agent or other Indemnitee (as defined in the Nevada Articles of Incorporation). The Nevada Bylaws do not contain a corresponding provision. |     | The Delaware Certificate of Incorporation provides an indemnification section, which sets for the terms regarding the right to indemnification by a director, officer, employee or agent of LNHC. The Delaware Bylaws provides the procedures regarding the rights to such indemnification.                                                                                                                                                                                                                                                                                                                                             |

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### COMPARISON OF STOCKHOLDER RIGHTS UNDER DELAWARE AND NEVADA LAW
The rights of Channel stockholders are currently governed by the NRS, the Nevada Articles of Incorporation and the Nevada Bylaws. Following completion of the Transactions, the rights of the combined company’s stockholders will be governed by the NRS.

The statutory corporate laws of Delaware, as governed by the DGCL, are similar in many respects to those of Nevada, as governed by the NRS. However, there are certain differences that may affect your rights as a stockholder, as well as the corporate governance