Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 102

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 102
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 by a controlling shareholder or his or her relative, or a company such controlling shareholder controls, and transactions concerning
the terms of engagement and compensation of a controlling shareholder or a controlling shareholder’s relative, whether as an office
holder or an employee, require the approval of the audit committee or the compensation committee, as the case may be, the board of directors
and a majority of the shares voted by the shareholders of the company participating and voting on the matter in a shareholders’
meeting, in that order. In addition, the shareholder approval must fulfill one of the following requirements:

  at least a majority of the shares held by shareholders who have no personal interest in the transaction and are voting at the meeting must be voted in favor of approving the transaction, exclud...  
  the shares voted by shareholders who have no personal interest in the transaction who vote against the transaction represent no more than 2% of the voting rights in the company.                     

In addition, any extraordinary
transaction with a controlling shareholder or in which a controlling shareholder has a personal interest with a term of more than three
years requires the abovementioned approval every three years; however, such transactions not involving the receipt of services or compensation
can be approved for a longer term, provided that the audit committee determines that such longer term is reasonable under the circumstances.

The Israeli Companies Law
requires that every shareholder that participates, in person, by proxy or by voting instrument, in a vote regarding a transaction with
a controlling shareholder, must indicate in advance or in the ballot whether or not that shareholder has a personal interest in the vote
in question. Failure to so indicate will result in the invalidation of that shareholder’s vote. However, under the New Exemptions,
by signing and submitting a proxy card in order to participate in a general meeting, a shareholder declares and approves that he or she
has no personal interest in the approval of any of the items on the meeting agenda that requires such declaration under the Israeli Companies
Law, with the exception of a personal interest that the shareholder positively informed the company about.

The term “controlling
shareholder” is defined in the Israeli Companies Law as a shareholder with the ability to direct the activities of the company,
other than by virtue of being an office holder. A shareholder is presumed to be a controlling shareholder if the shareholder holds 50%
or more of the voting rights in a company or has the right to appoint 50% or more of the directors of the company or its general manager.
In the context of a