Company: GAUZ
Filing Date: 2025-07-03
Form Type: F-3
Source: 0001213900-25-061387
Chunk: 44

Company: Gauzy Ltd.
Filing Date: 2025-07-03
Form: F-3
Chunk 44
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 from liability arising out of a prohibited dividend or other distribution to shareholders.

An Israeli company may
indemnify an office holder in respect of the following liabilities and expenses incurred for acts performed as an office holder, either
in advance of an event or following an event, provided that a provision authorizing such indemnification is contained in its articles
of association:

| ● | a financial liability imposed on him or her in favor of another person pursuant to a judgment, including a settlement or arbitrator’s award approved by a court. However, if an undertaking to indemnify an office holder with respect to such liability is provided in advance, then such an undertaking must be limited to events which, in the opinion of the board of directors, can be foreseen based on the company’s activities when the undertaking to indemnify is given, and to an amount or according to criteria determined by the board of directors as reasonable under the circumstances, and such undertaking shall detail the abovementioned events and amount or criteria; |

| ● | reasonable litigation expenses, including attorneys’ fees, incurred by the office holder: (i) as a result of an investigation or proceeding instituted against him or her by an authority authorized to conduct such investigation or proceeding, provided that (A) no indictment was filed against such office holder as a result of such investigation or proceeding; and (B) no financial liability, such as a criminal penalty, was imposed upon him or her as a substitute for the criminal proceeding as a result of such investigation or proceeding, or, if such financial liability was imposed, it was imposed with respect to an offense that does not require proof of criminal intent; and (ii) in connection with a monetary sanction; and |

| ● | reasonable litigation expenses, including attorneys’ fees,                                                                             
 incurred by the office holder or imposed by a court in proceedings instituted against him or her by the company, on its behalf, or by  
 a third party, or in connection with criminal proceedings in which the office holder was acquitted, or as a result of a conviction for 
 an offense that does not require proof of criminal intent.                                                                             |

| ● | expenses, including reasonable litigation expenses and attorneys’                                                                             
 fees, incurred by an office holder in relation to an administrative proceeding instituted against such office holder, or certain compensation 
 payments made to an injured party imposed on an office holder by an administrative proceeding, pursuant to certain provisions of the          
 Israeli Securities Law, 5728-1968, or the Israeli Securities Law and the Israeli Economic Competition Law, 574