Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 122

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 10
Chunk 122
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ological Enterprise, which is in effect for the years 2024-2028, subject to
certain provisions. In order to remain eligible for the tax benefits as a Preferred Technological Enterprise, we must continue to meet
certain conditions stipulated in the Investment Law and its regulations, as amended, and under the condition that there will be no change
in the business activity and/or in the business model or a significant reduction in the scope of research and development.

To date, we believe that NetNut
is qualified as a Preferred Technological Enterprise under the 2017 Amendment. However, in the future, if these tax benefits are reduced,
cancelled or discontinued, NetNut’s income from the Preferred Technological Enterprise would be subject to regular Israeli corporate
tax rates. Additionally, if we increase our activities outside of Israel through acquisitions, for example, our expanded activities might
not be eligible for inclusion in future Israeli tax benefit programs.

Material U. S. Federal Income Tax Considerations
to U. S. Holders

The following discussion describes
the material U. S. federal income tax considerations relating to the ownership and disposition of our Ordinary Shares by U. S. Holders (as
defined below). This discussion applies to U. S. Holders that hold such Ordinary Shares as capital assets within the meaning of Section
1221 of the U. S. Internal Revenue Code of 1986, as amended, or the Code. This discussion is based on the Code, U. S. Treasury regulations
promulgated thereunder and administrative and judicial interpretations thereof, all as in effect on the date hereof and all of which are
subject to change, possibly with retroactive effect. This discussion does not address all of the U. S. federal income tax consequences
that may be relevant to specific U. S. Holders in light of their particular circumstances or to U. S. Holders subject to special treatment
under U. S. federal income tax law (such as certain financial institutions, insurance companies, broker-dealers and traders in securities
or other persons that generally mark their securities to market for U. S. federal income tax purposes, tax-exempt entities, retirement
plans, regulated investment companies, real estate investment trusts, certain former citizens or residents of the United States, persons
who hold Ordinary Shares as part of a “straddle”, “hedge”, “conversion transaction”, “synthetic
security” or integrated investment, persons who received their Ordinary Shares as compensatory payments,