Company: CMND
Filing Date: 2025-01-22
Form Type: POS AM
Source: 0001213900-25-005519
Chunk: 28

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: POS AM
Chunk 28
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 and outstanding shares having a preference upon the distribution of assets. Surplus is defined in the DGCL as the excess        
 of the net assets over capital, as such capital may be adjusted by the board.   A Delaware corporation may purchase or redeem             
 shares of any class except when its capital is impaired or would be impaired by the purchase or redemption. A corporation may, however,   
 purchase or redeem out of capital shares that are entitled upon any distribution of its assets to a preference over another class         
 or series of its shares if the shares are to be retired and the capital reduced.                                                          |     | Under the BCBCA, a company may pay                                                                                                    
 a dividend in money or other property unless there are reasonable grounds for believing that the company is insolvent, or the payment 
 of the dividend would render us insolvent.   The BCBCA provides that no special rights or restrictions attached to a series           
 of any class of shares confer on the series a priority in respect of dividends or return of capital over any other series of shares   
 of the same class.   Under the BCBCA, the purchase or other acquisition by a company of its shares is generally subject to solvency   
 tests similar to those applicable to the payment of dividends (as set out above). Our company is permitted, under its articles, to    
 acquire any of its Common Shares, and the approval of its board of directors.   Under the BCBCA, subject to solvency tests similar    
 to those applicable to the payment of dividends (as set out above), a company may redeem, on the terms and in the manner provided     
 in its articles, any of its shares that has a right of redemption attached to it.                                                     |

| Vacancies            
 on Board of Director |     | Under the DGCL, a vacancy or a newly                                                                                                    
 created directorship may be filled by a majority of the directors then in office, although less than a quorum, or by the sole remaining 
 director, unless otherwise provided in the certificate of incorporation or bylaws. Any newly elected director usually holds office      
 for the remainder of the full term expiring at the annual meeting of stockholders at which the term of the class of directors to        
 which the newly elected director has been elected expires.                                                                              |     | Under the BCBCA and our articles,                                                                                                      
 a vacancy among the directors created by the removal of a director may be filled by the shareholders at the meeting at which the       
 director is removed or, if not filled by the shareholders at such