Company: NDRA
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001654954-25-012254
Chunk: 45

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 45
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The Board of Directors unanimously recommends that the stockholders vote FOR the approval of the Increase in Authorized Shares Certificate of Amendment.

<div align='center'>PROPOSAL 5 - AMENDMENT TO THE CERTIFICATE OF INCORPORATION TO EXCULPATE CERTAIN OFFICERS</div>

As part of its continuing review of our corporate governance standards and practices, our Board of Directors concluded that our certificate of incorporation protecting our directors should be amended to include certain of our officers, as permitted by recent changes in Delaware law, to reflect certain other changes in Delaware law which allow for the exculpation and limitation of liability of such officers.

By Proposal 5, you are being asked to approve an amendment to our certificate of incorporation that would create a new Article TWELFTH of our certificate of incorporation by inserting the following (the “Exculpation Amendment”):

“A director or officer of the Corporation shall not be liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, as applicable, except to the extent such exemption from liability or limitation thereof is not permitted under the DGCL as the same exists or may hereafter be amended. Any amendment, modification, repeal, or elimination of the foregoing sentence shall not adversely affect any right or protection of a director or officer of the Corporation thereunder in respect of any act or omission occurring prior to the time of such amendment, modification, repeal, or elimination.”

Effective July 16, 2020, Section 102(b)(7) of the General Corporation Law of the State of Delaware (“DGCL”) was amended to clarify that a provision of the certificate of incorporation of a Delaware corporation that eliminates or limits the liability of directors for monetary damages for certain breaches of duty has the effect of eliminating or limiting liability for monetary damages with respect to any act or omission of a director occurring while the exculpatory provision is in effect and to expressly state that unless such provision of the certificate of incorporation provides otherwise at the time of such act or omission, any future amendment, repeal, or elimination of that provision will not revoke the elimination or limitation of liability.

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Effective August 1, 2022, Section 102(b)(7) of the DGCL was amended to enable a Delaware corporation to include in its certificate of incorporation a provision eliminating or limiting the liability for monetary damages of certain officers for certain breaches of fiduciary duty. Under amended Section 102(b)(7) of the DGCL,