Company: CMND
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005490
Chunk: 187

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 187
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 any guidelines with respect to compensation at this time. The
amounts paid to our executive officers are determined by the independent Board members. The Board determines the appropriate level of
compensation reflecting the need to provide incentive and compensation for the time and effort expended by the executives, while taking
into account our financial and other resources.

Pension Plan Benefits

No benefits were paid, and no benefits are proposed
to be paid to any of our executive officers under any pension or retirement plan.

Termination and Change of Control Benefits

No Termination or Change of control benefits were
paid or are proposed to be paid to any of our executive officers.

Directors Compensation

For a description of the terms of our options and
option plans, see “ Item 6. A. Directors, Senior Management and Employees - Share Ownership - Omnibus Equity Incentive
Plan”below.

Directors’ Service Contracts

Other than with respect to our directors that are
also executive officers, we do not have written agreements with any director providing for benefits upon the termination of his employment
with our Company.

Differences between the BCBCA (“ Canadian law”) and Nasdaq
Requirements

  Distribution of periodic reports to shareholders; proxy solicitation. As opposed to the Nasdaq Rules, or the Nasdaq Rules, which require listed issuers to make such reports available to shareho...  

  Quorum. Under applicable Canadian law, a company is entitled to determine in its articles of association the number of shareholders and percentage of holdings required for a quorum at a shareho...  

  Nomination of our directors. With the exception of directors elected by our Board of Directors, our directors are elected by an annual meeting of our shareholders to hold office until the next ...  

  Compensation of officers. Canadian law and our articles of association do not require that the independent members of our Board of Directors (or a Compensation Committee composed solely of inde...  

  Independent directors. Canadian law does not require that a majority of the directors serving on our Board of Directors be “independent,” as defined under Nasdaq Rule 5605(a)(2).  

  We are required, however, to ensure that all members of our Audit Committee are “independent” under the applicable Nasdaq and SEC criteria for independence (as we cannot exempt ourselves from c...  

  Approval of Related Party Transactions. All related party transactions are approved in accordance with the requirements and procedures for approval of interested party acts and transactions as ...  
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