Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 103

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 103
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 transaction involving a related party, a controlling shareholder also includes a shareholder who holds 25% or more
of the voting rights in the company if no other shareholder holds more than 50% of the voting rights in the company. For this purpose,
the holdings of all shareholders who have a personal interest in the same transaction will be aggregated.

Approval of the Compensation of Directors and
Executive Officers

The compensation of, or an
undertaking to indemnify, insure or exculpate, an office holder who is not a director requires the approval of the company’s compensation
committee, followed by the approval of the company’s board of directors, and, if such compensation arrangement or an undertaking
to indemnify, insure or exculpate is inconsistent with the company’s stated compensation policy, or if the said office holder is
the chief executive officer of the company (subject to a number of specific exceptions), then such arrangement is subject to the approval
of our shareholders, subject to a Special Majority.

Directors. Under the
Israeli Companies Law, the compensation of our directors requires the approval of our compensation committee, the subsequent approval
of the board of directors and, unless exempted under the regulations promulgated under the Israeli Companies Law or under our compensation
policy, the approval of the general meeting of our shareholders. If the compensation of our directors is inconsistent with our stated
compensation policy, then, provided that those provisions that must be included in the compensation policy according to the Israeli Companies
Law have been considered by the compensation committee and board of directors, shareholder approval by a Special Majority will be required.

Executive officers other
than the chief executive officer. The Israeli Companies Law requires the approval of the compensation of a public company’s
executive officers (other than the chief executive officer) in the following order: (i) the compensation committee, (ii) the company’s
board of directors, and (iii) only if such compensation arrangement is inconsistent with the company’s stated compensation policy,
the company’s shareholders by a Special Majority. However, if the shareholders of the company do not approve a compensation arrangement
with an executive officer that is inconsistent with the company’s stated compensation policy, the compensation committee and board
of directors may override the shareholders’ decision if each of the compensation committee and the board of directors provide detailed
reasons for their decision.

Chief executive officer. Under
the Israeli Companies Law, the compensation of a public company’s chief executive officer is required to be approved by: (i) the