Company: HSDTW
Filing Date: 2025-07-10
Form Type: S-8
Source: 0001104659-25-066994
Chunk: 3

Company: Solana Co
Filing Date: 2025-07-10
Form: S-8
Chunk 3
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of the Delaware General Corporation Law permits a corporation to eliminate the personal liability of directors of a corporation to the
corporation or its stockholders for monetary damages for a breach of fiduciary duty as a director or officer, except where the director
or officer breached his or her duty of loyalty, failed to act in good faith, engaged in intentional misconduct or knowingly violated a
law, authorized the payment of a dividend or approved a stock repurchase in violation of Delaware corporate law or obtained an improper
personal benefit.

Section 145 of the Delaware General Corporation Law provides that
a corporation has the power to indemnify a director, officer, employee or agent of the corporation and certain other persons serving at
the request of the corporation in related capacities against expenses (including attorneys’ fees), judgments, fines and amounts
paid in settlements actually and reasonably incurred by the person in connection with an action, suit or proceeding to which he or she
is or is threatened to be made a party by reason of such position, if such person acted in good faith and in a manner he or she reasonably
believed to be in or not opposed to the best interests of the corporation, and, in any criminal action or proceeding, had no reasonable
cause to believe his or her conduct was unlawful, except that, in the case of actions brought by or in the right of the corporation, no
indemnification shall be made with respect to any claim, issue or matter as to which such person shall have been adjudged to be liable
to the corporation unless and only to the extent that the Court of Chancery or other adjudicating court determines upon application that,
despite the adjudication of liability but in view of all of the circumstances of the case, such person is fairly and reasonably entitled
to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

As permitted by the Delaware General Corporation Law, our amended and
restated bylaws provide that: (1) we are required to indemnify our directors and executive officers to the fullest extent permitted
by the Delaware General Corporation Law; (2) we may, in our discretion, indemnify our other officers, employees and agents as set
forth in the Delaware General Corporation Law; (3) we are required, upon satisfaction of certain conditions, to advance all expenses
incurred by our directors and executive officers in connection with certain legal proceedings; (4) the rights conferred in the bylaws
are not exclusive; (