Company: SMNR
Filing Date: 2025-04-21
Form Type: S-4/A
Source: 0001193125-25-087342
Chunk: 678

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-04-21
Form: S-4/A
Chunk 678
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 any breach of fiduciary duty as a director shall be eliminated to the fullest extent under applicable law.                                                                                                                                                               |     | Under the Proposed Charter, the liability of a director or officer of New Semnur for monetary damages for any breach of fiduciary duty as a director or officer shall be eliminated to the fullest extent under applicable law.                                                                                                                                                                                                                                                                                            |
| Indemnification of Directors, Officers, Employees and Agents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |                                                                                                                                                                                                                                                                                                                                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Under the Current Denali Charter, every director and officer of Denali (which for the avoidance of doubt, shall not include auditors of Denali), together with every former director and former officer of Denali (each an “Indemnified Person”) shall be indemnified out of the assets of Denali against any liability, action, proceeding, claim, demand, costs, damages or expenses, including legal expenses, whatsoever which they or any of them may incur as a result of                                                                                                                                                                                                                        |     | A corporation is generally permitted to indemnify its directors and officers acting in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation.   Under the Current Semnur Charter, Semnur is required to indemnify its directors and officers and any and all persons whom it shall have power to |     | A corporation is generally permitted to indemnify its directors and officers acting in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation.   Under the Proposed Bylaws, New Semnur will be required to indemnify its directors and officers and any person serving at New Semnur’s request as a director, officer or trustee of                                                                                                                    |

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| Current Denali Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     | Current Semnur Governance                                                                                                                              |     | Proposed Governance                                                                                                                                                                                                                                                                                                                                                   |
| any act or failure to act in carrying out their functions other than such liability (if any) that they may incur by reason of their own actual fraud, willful neglect or willful default. No Indemnified Person shall be liable to Denali for any loss or damage incurred by Denali as a result (whether direct or indirect) of the carrying out of their functions unless that liability arises through the actual fraud, willful neglect or willful default of such Indemnified Person. No person shall be found to have committed