Company: CMND
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005490
Chunk: 95

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: 20-F
Item: Item 3
Chunk 95
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Finally, political conditions within Israel may
affect our operations. Israel has held five general elections between 2019 and 2022, and prior to October 2023, the Israeli government
pursued extensive changes to Israel’s judicial system, which sparked extensive political debate and unrest. To date, these initiatives
have been substantially put on hold. Actual or perceived political instability in Israel or any negative changes in the political environment,
may individually or in the aggregate adversely affect the Israeli economy and, in turn, our business, financial condition, results of
operations and growth prospects.

It may be difficult to enforce a U. S. judgment against us, our officers
and directors named in this Annual Report in Israel or the United States, or to assert U. S. securities laws claims in Israel or serve
process on our officers and directors.

Not all of our directors or officers are residents
of the United States and most of their and our assets are located outside the United States. Service of process upon us or our non-U. S.
resident directors and officers may be difficult to obtain within the United States. We have been informed by our legal counsel in Israel
that it may be difficult to assert claims under U. S. securities laws in original actions instituted in Israel or obtain a judgment based
on the civil liability provisions of U. S. federal securities laws. Israeli courts may refuse to hear a claim based on a violation of U. S.
securities laws against us or our non-U. S. officers and directors because Israel may not be the most appropriate forum to bring such a
claim. In addition, even if an Israeli court agrees to hear a claim, it may determine that Canadian law and not U. S. law is applicable
to the claim. If U. S. law is found to be applicable, the content of applicable U. S. law must be proved as a fact, which can be a time-consuming
and costly process. Certain matters of procedure will also be governed by Canadian law. There is little binding case law in Israel addressing
the matters described above. Additionally, Israeli courts might not enforce judgments obtained in the United States against us or our
non-U. S. our directors and executive officers, which may make it difficult to collect on judgments rendered against us or our non-U. S.
officers and directors.

Moreover, an Israeli court will not enforce a non-Israeli
judgment if it was given in a state whose laws do not provide for the enforcement of judgments