Company: CDT
Filing Date: 2025-02-05
Form Type: S-3
Source: 0001493152-25-005052
Chunk: 36

Company: CDT Equity Inc.
Filing Date: 2025-02-05
Form: S-3
Chunk 36
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 in the                
 interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed               
 to the best interests of the corporation” as referred to in this section.                                                                       |
| (j) | The                                                                                                                                             
 indemnification and advancement of expenses provided by, or granted pursuant to, this section shall, unless otherwise provided when             
 authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the              
 benefit of the heirs, executors and administrators of such a person.                                                                            |
| (k) | The                                                                                                                                             
 Court of Chancery is hereby vested with exclusive jurisdiction to hear and determine all actions for advancement of expenses or indemnification 
 brought under this section or under any bylaw, agreement, vote of stockholders or disinterested directors, or otherwise. The Court              
 of Chancery may summarily determine a corporation’s obligation to advance expenses (including attorneys’ fees).                                 |

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers, and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment of expenses incurred or paid by a director, officer or controlling person in a successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to the court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

Section 8.2 of the Company’s second amended and restated certificate of incorporation provides:

“(a) To the fullest extent permitted by applicable law, as the same exists or may hereafter be amended, the Corporation shall indemnify and hold harmless each person who is or was made a party or is threatened to be made a party to or is otherwise involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a “proceeding”) by reason of the fact that he or she is or was a director or officer of the Corporation or, while a