Company: CDT
Filing Date: 2025-02-05
Form Type: S-3
Source: 0001493152-25-005052
Chunk: 35

Company: CDT Equity Inc.
Filing Date: 2025-02-05
Form: S-3
Chunk 35
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a) and (b) of this section (unless ordered by a court) shall be made by the corporation only as          
 authorized in the specific case upon a determination that indemnification of the present or former director, officer, employee or           
 agent is proper in the circumstances because the person has met the applicable standard of conduct set forth in subsections (a) and         
 (b) of this section. Such determination shall be made, with respect to a person who is a director or officer of the corporation at          
 the time of such determination, (1) By a majority vote of the directors who are not parties to such action, suit or proceeding, even        
 though less than a quorum, or (2) By a committee of such directors designated by majority vote of such directors, even though less          
 than a quorum, or (3) If there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion,    
 or (4) By the stockholders.                                                                                                                 |

| II-2 |

| (e) | Expenses                                                                                                                                    
 (including attorneys’ fees) incurred by an officer or director of the corporation in defending any civil, criminal, administrative          
 or investigative action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action, suit         
 or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately        
 be determined that such person is not entitled to be indemnified by the corporation as authorized in this section. Such expenses            
 (including attorneys’ fees) incurred by former directors and officers or other employees and agents of the corporation or by                
 persons serving at the request of the corporation as directors, officers, employees or agents of another corporation, partnership,          
 joint venture, trust or other enterprise may be so paid upon such terms and conditions, if any, as the corporation deems appropriate.       |
| (f) | The                                                                                                                                         
 indemnification and advancement of expenses provided by, or granted pursuant to, the other subsections of this section shall not            
 be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any         
 bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such person’s official                 
 capacity and as to action in another capacity while holding such office. A right to indemnification or to advancement of expenses           
 arising under a provision of the certificate of incorporation or a bylaw shall