Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 98

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 6
Chunk 98
---
   
                                                                  sanction;                                                              
-----------------------------------------------------------------------------------------------------------------------------------------

●                                         reasonable litigation expenses, including legal 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; and                                             
---------------------------------------------------------------------------------------------------------------------------------------------

●                                            expenses, including reasonable litigation expenses and legal                                        
    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 and the Israeli Economic Competition Law, 5748-1988, or, the Competition Law.                    
-------------------------------------------------------------------------------------------------------------------------------------------------

An Israeli company may insure an office holder against the following liabilities incurred for acts performed as an office holder if and to the extent provided in the company’s articles of association:

99

●                                   a breach of the duty of loyalty to the company, to the extent                                 
    that the office holder acted in good faith and had a reasonable basis to believe that the act would not prejudice the company;
----------------------------------------------------------------------------------------------------------------------------------

●          a breach of the duty of care to the company or to a third party,      
    including a breach arising out of the negligent conduct of the office holder;
---------------------------------------------------------------------------------

●   financial liabilities imposed on the office holder in favor
                         of a third party;                     
---------------------------------------------------------------

●                                        financial liabilities imposed in an administrative proceeding                                     
    on the office holder in favor of a third party harmed by a breach, pursuant to certain provisions of the Israeli Securities Law and the
                                                              Competition Law; and                                                         
-------------------------------------------------------------------------------------------------------------------------------------------

●                                            expenses, including reasonable litigation expenses and legal                                        
    fees, incurred by the office holder as a result of an administrative proceeding instituted against him or her, pursuant to certain provisions
                                                of the Israeli Securities Law and the Competition Law.                                           
-------------------------------------------------------------------------------------------------------------------------------------------------

An Israeli company may not indemnify, insure or exculpate an office holder against any of the following:

●                               a breach of the duty of loyalty, except to the extent that the                           
    office holder acted in good faith and had a reasonable basis to believe that the act would not prejudice the company;
-------------------------------------------------------------------------------------------------------------------------

●        a breach of the duty of care committed intentionally or recklessly,     
    excluding a breach arising