Company: TVRD
Filing Date: 2025-01-27
Form Type: S-4/A
Source: 0001104659-25-006050
Chunk: 1114

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-01-27
Form: S-4/A
Chunk 1114
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 or prior to the Effective Time, were officers or directors of Cara or any of its subsidiaries, unless required by applicable law. After Closing, the organizational documents of the surviving corporation will contain provisions at least as favorable as the provisions

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relating to the indemnification, advancement of expenses and exculpation of present and former directors and officers presently set forth in Cara’s organizational documents as of the date of the Merger Agreement.

From and after the Effective Time, (i) the Surviving Corporation shall fulfill and honor in all respects the obligations of the Tvardi to each person who is or has served as a director or officer of Tvardi as of immediately prior to the Closing pursuant to any indemnification provisions under Tvardi’s amended and restated certificate of incorporation and bylaws and pursuant to any indemnification agreements between Tvardi and such directors and officers, with respect to claims arising out of matters occurring at or prior to the Effective Time and (ii) Cara shall fulfill and honor in all respects the obligations of Cara or any of its subsidiaries to each person who is or has served as a director or officer of Cara as of immediately prior to the Closing pursuant to any indemnification provisions under Cara’s amended and restated certificate of incorporation and amended and restated bylaws or any of its subsidiaries and pursuant to any indemnification agreements between Cara or any of its subsidiaries and such directors and officers, with respect to claims arising out of matters occurring at or prior to the Effective Time.

From the Effective Time through the sixth (6th) anniversary of the date on which the Effective Time occurs, Cara shall maintain directors’ and officers’ liability insurance policies, with an effective date as of the Closing Date, on commercially available terms and conditions and with coverage limits customary for companies similarly situated to Cara.

From and after the Effective Time, Cara shall pay all expenses, including reasonable attorneys’ fees, that are incurred by indemnified persons in connection with their successful enforcement of the rights provided to such persons in the Merger Agreement. The director and officer indemnification provisions of the Merger Agreement are intended to be in addition to the rights otherwise available to the current and former officers and directors of Cara and Tvardi by law, charter, statute, bylaw or agreement, and shall operate for the benefit of, and shall be enforceable by, each of such indemnified persons, their heirs and their representatives.

In the event Cara or the Surviving Corporation or any of their respective successors or assigns