Company: HCTI
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001213900-25-041190
Chunk: 41

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-09
Form: S-1/A
Chunk 41
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 the indemnification
does not relate to any liability arising under Section 16(b) of the Exchange Act, as amended, or any rules or regulations promulgated
thereunder. Such indemnification is not exclusive of any other right to indemnification provided by law or otherwise.

<div align='center'>II-1</div>

If a claim is not paid in full by the Company,
the claimant may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, if successful in
whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting such claim. It shall be a defense to any such
action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition
where any undertaking required by the By-laws of the Company has been tendered to the Company) that the claimant has not met the standards
of conduct which make it permissible under the DGCL for the Company to indemnify the claimant for the amount claimed, but the burden of
proving such defense shall be on the Company. Neither the failure of the Company (including its Board of Directors, legal counsel, or
its stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper
in the circumstances because he or she has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by
the Company (including its Board of Directors, legal counsel, or its stockholders) that the claimant has not met such applicable standard
of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct.
Indemnification shall include payment by the Company of expenses in defending an action or proceeding in advance of the final disposition
of such action or proceeding upon receipt of an undertaking by the person indemnified to repay such payment if it is ultimately determined
that such person is not entitled to indemnification.

In any underwriting agreement we enter into in
connection with the sale of common stock being registered hereby, the underwriters will agree to indemnify, under certain conditions,
us, our directors, our officers, and persons who control us within the meaning of the Securities Act of 1933, as amended, or the Securities
Act, against certain liabilities.

Item 15. Recent Sales of Unregistered Securities

During the past three years, we issued the following
se