Company: CMND
Filing Date: 2025-09-15
Form Type: POS AM
Source: 0001213900-25-087398
Chunk: 33

Company: Clearmind Medicine Inc.
Filing Date: 2025-09-15
Form: POS AM
Chunk 33
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) act          
 in accordance with the BCBCA and the regulations thereunder; and (iv) subject to (i) to (iii), act in accordance with the articles         
 of the company. These statutory duties are in addition to duties under common law and equity.   No provision in a contract or              
 the articles of a company may relieve a director or officer of a company from the above duties.   Under the BCBCA, a director              
 is not liable for certain acts if the director has otherwise complied with his or her duties and relied, in good faith, on (i) financial   
 statements of the company represented to the director by an officer of the company or in a written report of the auditor of the company    
 to fairly reflect the financial position of the company, (ii) a written report of a lawyer, accountant, engineer, appraiser or other       
 person whose profession lends credibility to a statement made by that person, (iii) a statement of fact represented to the director        
 by an officer of the company to be correct, or (iv) any record, information or representation that the court considers provides reasonable 
 grounds for the actions of the director, whether or not that record was forged, fraudulently made or inaccurate or that information        
 or representation was fraudulently made or inaccurate. Further, a director is not liable if the director did not know and could not        
 reasonably have known that the act done by the director or authorized by the resolution voted for or consented to by the director          
 was contrary to the BCBCA.                                                                                                                 |
| Stockholder/           
 Shareholder Lawsuits   |     | Under the DGCL, a stockholder                                                                                                                
 may bring a derivative action on behalf of the corporation to enforce the rights of the corporation; provided, however, that under           
 Delaware case law, the plaintiff generally must be a stockholder not only at the time of the transaction which the subject of the            
 suit, but through the duration of the derivative suit. Delaware law also requires that the derivative plaintiff make a demand on             
 the directors of the corporation to assert the corporate claim before the suit may be prosecuted by the derivative plaintiff, unless         
 such demand would be futile. An individual also may commence a class action suit on behalf of himself or herself and other similarly         
 situated stockholders where the requirements for maintaining a class action have been met.                                                   |     | Under the BCBCA, a shareholder                                                                                                             
 (including a beneficial shareholder) or director of a company and any person who, in the