Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 33

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 33
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 Inc.

On June 4, 2023, Eyal Peso,
our Co-Founder and Chief Executive Officer, was appointed to RFI’s board of directors.

Resonac Patent Assignment and Know-How Disclosure
Agreement

On February 28, 2023, we entered
into a patent assignment and know-how disclosure agreement, or the REC Agreement, with Resonac. Pursuant to the REC Agreement, we acquired
Resonac’s full SPD intellectual property portfolio, consisting of 68 SPD film patents, and obtained knowhow of Resonac’s
technical and business information related to SPD film for a total consideration of $4.5 million.

Government Regulation and Compliance

We are subject to a variety
of laws, regulations and licensing requirements of federal, state and local authorities. We are also required to obtain various licenses
and permits from state and local authorities in connection with the operation of our businesses, including but not limited to: licensing,
permitting and inspection requirements applicable to glaziers, electricians and engineers; building codes; and permitting and inspection
requirements applicable to construction projects.

Our sales and marketing practices
are regulated by federal, state and local agencies. These laws and regulations typically place restrictions on the manner in which products
and services can be advertised and sold, and provide consumers with certain rescission rights.

Our operations include the
use, handling, storage, transportation, generation and disposal of hazardous materials. We are subject to various federal, state, local
and foreign laws and regulations relating to the protection of the environment, including those governing the discharge of pollutants
into the air and water, the use, management and disposal of hazardous materials and wastes and occupational health and safety. We may
become subject to litigation regarding environmental compliance and could incur in the future substantial costs, fines and civil or criminal
sanctions and costs arising from regulatory proceedings, third-party property damage or personal injury claims, as a result of violations
of or liabilities under environmental laws or non-compliance with environmental permits required at our facilities.

Our facilities are also
subject to Process Safety Management requirements (including the requirement under U. S. Occupational Safety and Health
Administration regulations), which are designed to prevent or minimize the consequences of catastrophic releases of toxic, reactive,
flammable or explosive chemicals. We believe that we are in substantial compliance with all applicable laws and regulations relating
to worker health and safety.

Our ADAS technologies may
be subject to future regulatory requirements. While there are currently no U. S