Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 343

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 343
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Indemnification

Under our Articles of Incorporation and Bylaws
of the corporation, we may indemnify an officer or director who is made a party to any proceeding, including a law suit, because of his
position, if he acted in good faith and in a manner he reasonably believed to be in our best interest. We may advance expenses incurred
in defending a proceeding. To the extent that the officer or director is successful on the merits in a proceeding as to which he is to
be indemnified, we must indemnify him against all expenses incurred, including attorney’s fees. With respect to a derivative action,
indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is
judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the State of
Delaware.

Regarding indemnification for liabilities arising
under the Securities Act of 1933, which may be permitted to directors or officers under Delaware law, we have been advised that, in the
opinion of the Securities and Exchange Commission, indemnification is against public policy, as expressed in the Act and is, therefore,
unenforceable.

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Family Relationships

No family relationship exists between any director,
executive officer, or any person contemplated to become such.

Director Independence

We currently do not have any independent directors
serving on our board of directors.

Possible Potential Conflicts

The OTCBB where our stock is quoted does not currently
have any director independence requirements.

No member of the Board of Directors will be required
by us to work on a full-time basis. Accordingly, certain conflicts of interest may arise between us and our director(s) in that they may
have other business interests in the future to which they devote their attention, and they may be expected to continue to do so although
Directors’ time must also be devoted to our business. As a result, conflicts of interest may arise that can be resolved only through
their exercise of such judgment as is consistent with each officer’s understanding of his/her fiduciary duties to us.

Currently we have two, and will seek to add additional
officer(s) and/or director(s) as and when the proper personnel are located and terms of employment are mutually negotiated and agreed,
and we have sufficient capital resources and cash flow to make such offers.

We cannot provide assurances that our efforts
to eliminate the potential impact of