Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 104

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 104
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company’s compensation committee; (ii) the company’s board of directors, and (iii) the company’s shareholders by a Special
Majority. However, if the shareholders of the company do not approve the compensation arrangement with the chief executive officer, the
compensation committee and board of directors may, under special circumstances, override the shareholders’ decision if each of the
compensation committee and the board of directors provide detailed reasons for their decision, and after another review of the compensation
arrangement, and reviewing in the aforementioned discussion, among other things, the shareholders’ objection. In addition, the compensation
committee may exempt the engagement terms of a candidate to serve as the chief executive officer from shareholders’ approval, if
the compensation committee determines that the compensation arrangement is consistent with the company’s stated compensation policy,
that the chief executive officer did not have a prior business relationship with the company or a controlling shareholder of the company,
and that subjecting the approval to a shareholder vote would impede the company’s ability to attain the candidate to serve as the
company’s chief executive officer (and provide detailed reasons for the latter).

The approval of each of the
compensation committee and the board of directors, with regard to the office holders and directors above, must be in accordance with the
company’s stated compensation policy; however, under special circumstances, the compensation committee and the board of directors
may approve compensation terms of a chief executive officer that are inconsistent with the company’s compensation policy provided
that they have considered those provisions that must be included in the compensation policy according to the Israeli Companies Law and
that shareholder approval was obtained by a Special Majority requirement.

Duties of Shareholders

Under the Israeli Companies
Law, a shareholder has a duty to refrain from abusing his power in the company and to act in good faith and in an acceptable manner in
exercising his rights and performing his obligations toward the company and other shareholders, including, among other things, in voting
at general meetings of shareholders (and at shareholder class meetings) on the following matters:

  amendment of the articles of association;  

  increase in the company’s authorized share capital;                                                       
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  merger; and                                                                                               
  the approval of related party transactions and acts of office holders that require shareholder approval.  

A shareholder also has a general
duty to refrain from oppressing other shareholders. The remedies generally available upon a breach of contract will also apply to a