Company: CMND
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005490
Chunk: 166

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: 20-F
Item: Item 4
Chunk 166
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 Financial Officer). Beyond our senior management team, we have one additional part-time employee and we engage with various consultants
and service provides from time to time, including outsourced research and development providers. All of our employees are located in Israel
and Canada. None of our employees are represented by labor unions or covered by collective bargaining agreements. We believe that we maintain
good relations with all of our employees. However, in Israel, we are subject to certain Israeli labor laws, regulations and national labor
court precedent rulings, as well as certain provisions of collective bargaining agreements applicable to us by virtue of extension orders
issued in accordance with relevant labor laws by the Israeli Ministry of Economy and which apply such agreement provisions to our employees
even though they are not part of a union that has signed a collective bargaining agreement.

All of our employment and consulting agreements
include employees’ and consultants’ undertakings with respect to non-competition and assignment to us of intellectual property
rights developed in the course of employment and confidentiality. The enforceability of such provisions is limited by Israeli law.

C. Organizational Structure

We currently have two (2), wholly-owned subsidiaries,
Clearmindmed Ltd., a company incorporated in the State of Israel, and Clearmind Labs Corp. (inactive), incorporated in Canada.

D. Property, Plant and Equipment

Our registered offices are located at 101 - 
1220 West 6th Avenue Vancouver, British Columbia V6H1A5 and our principal executive offices are located at 20 Raoul Wallenberg St Tel-Aviv,
6971916, Israel. On June 13, 2024, we entered into an agreement with SciSparc for the lease of office space in Tel Aviv, Israel for our
principal executive officers, having a total area of approximately 386 square meters. we occupy approximately 193 square meters of the
space for our offices. The rental period is from April 1, 2024 to March 31, 2026. Our base rent was ILS 12,500 per month ($3,400)
during the term of the lease.

We consider that our current office space is sufficient
to meet our anticipated needs for the foreseeable future and is suitable for the conduct of our business.

ITEM 4A. UNRESOLVED STAFF COMMENTS