Company: CMND
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001213900-25-112329
Chunk: 47

Company: Clearmind Medicine Inc.
Filing Date: 2025-11-19
Form: 424B5
Chunk 47
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 that these provisions in our articles of association and indemnification
agreements are necessary to attract and retain qualified persons as directors and executive officers.

The above description of the
limitation of liability and indemnification provisions of our articles of association of incorporation, and our indemnification agreements
is not complete and is qualified in its entirety by reference to these documents, each of which will be filed as an exhibit to this registration
statement to which this prospectus forms a part.

The limitation of liability
and indemnification provisions in our articles of association may discourage shareholders from bringing a lawsuit against our directors
for breach of their fiduciary duties. They may also reduce the likelihood of derivative litigation against directors and officers, even
though an action, if successful, might benefit us and our shareholders. A shareholder’s investment may be harmed to the extent we
pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions.

Insofar as indemnification
for liabilities under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions,
we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act
and is therefore unenforceable. There is no pending litigation or proceeding naming any of our directors or officers as to which indemnification
is being sought, nor are we aware of any pending or threatened litigation that may result in claims for indemnification by any director
or officer.

Listing

Our Common Shares are listed on the Nasdaq Capital
Market under the symbol “CMND.”

Transfer Agent and Registrar

The transfer agent and registrar for our Common
Shares will be Computershare Limited.

<div align='center'>11

Comparison of Shareholder Rights</div>

We are a corporation governed
by the BCBCA. The following discussion summarizes material differences between the rights of holders of Common Shares and the holders
of the common stock of a typical corporation incorporated under the laws of the state of Delaware, which result from differences in governing
documents and the laws of British Columbia and Delaware. This summary is qualified in its entirety by reference to the Delaware General
Corporation Law, or the DGCL, the BCBCA, and our articles.

|                                                                                |     | Delaware                                                                                                                                       |     | British Columbia                                                                                                                            |
| Stockholder/Shareholder Approval of Business Combinations; Fundamental Changes |     | Under the DGCL, certain fundamental changes such                                                                                               
 as amendments to the certificate of incorporation, a merger, consolidation