Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 242

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 6
Chunk 242
---
 reasonable litigation expenses and legal fees, incurred by an office holder in relation to an administrative proceeding instituted against such office holder pursuant to cer...  

An Israeli company may insure
an office holder against the following liabilities incurred for acts performed as an office holder if and to the extent provided in the
company’s articles of association:

  a breach of the duty of loyalty to the company, to the extent that the office holder acted in good faith and had a reasonable basis to believe that the act would not prejudice the company;  

  a breach of the duty of care to the company or to a third-party, including a breach arising out of the negligent conduct of the office holder;  

  a financial liability imposed on the office holder in favor of a third-party;  

  a financial liability imposed on the office holder in favor of a third-party harmed by a breach in an administrative proceeding, pursuant to certain provisions of the Israeli Securities Law; and  

  expenses, including reasonable litigation expenses and legal fees, incurred by the office holder as a result of an administrative proceeding instituted against him or her, pursuant to certain p...  

An Israeli company may not
exempt, indemnify or insure an office holder against any of the following:

  a breach of the duty of loyalty, except with respect to insurance coverage or indemnification, to the extent that the office holder acted in good faith and had a reasonable basis to believe tha...  

  a breach of the duty of care committed intentionally or recklessly, excluding a breach arising out of the negligent conduct of the office holder;  

  an act or omission committed with intent to derive illegal personal benefit; or  

  a fine, monetary sanction, or forfeit levied against the office holder.  

Under the Companies Law, exculpation,
indemnification, and insurance of office holders must be approved by the compensation committee and the board of directors (and, with
respect to directors and the chief executive officer, by the shareholders). However, under regulations promulgated under the Companies
Law, the insurance of office holders shall not require shareholder approval and may be approved by only the compensation committee if
the engagement terms are determined in accordance with the company’s compensation policy, which was approved by the shareholders
by the same special majority required to approve a compensation policy, provided that the insurance policy is on market terms and the
insurance policy is not likely to materially impact the company’s profitability, assets, or obligations.

The Articles allow us to exculpate,
indemnify, and