Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 114

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 114
---
 of Directors shall constitute a quorum (rather than the one-third of the directors permitted by Delaware law). Pursuant to Delaware law, the affirmative vote of a majority of directors present at a meeting at which there is a quorum constitutes action by the Board of Directors. |
| Directors—Managing Director            |     | Not applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     | Not applicable.                                                                                                                                                                                                                                                                                                                                                                                 |
| Director—Alternates                    |     | Under the BVI Companies Act, subject to the memorandum and articles of a company, a director of the company may appoint as an alternate any other director or any other person who is not disqualified for appointment as a director. However, as permitted by BVI law, under the Satellogic BVI Articles, a director is prohibited from appointing an alternate director.                                                                                                                                                                                                                                                                                                                                                                                                                                             |     | Under Delaware law, directors may not act by proxy.                                                                                                                                                                                                                                                                                                                                             |

<div align='center'>62</div>

| Provision |     | Satellogic BVI |     | Satellogic Delaware |

| Directors and Officers—Fiduciary Duties             |     | A director’s fiduciary duties can be summarized as follows: (a) Bona Fides - The directors must act bona fide in what they consider is in the best interests of the company (or, if permitted as above, that company’s parent company); (b) Proper Purpose - The directors must exercise the powers that are vested in them for the purpose for which they were conferred and not for a collateral purpose (c) Unfettered Discretion - Since the powers of the directors are to be exercised by them in trust for the company, they should not improperly fetter the exercise of future discretion; (d) Conflict of Duty and Interest: Directors must not place themselves in a position in which there is a conflict between their duty to the company and their personal interests. 
 In addition to the above, directors also owe a duty of care which is not fiduciary in nature. This duty has been defined as a requirement to act as “a reasonably diligent person” having both: (a) the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions as are carried out by that director in relation to the company; and (b) the general knowledge, skill and experience that that director has.                                                                                                                                                                                                                                                                                                               
 As set out above, directors have a duty not to put themselves in a position of conflict and this includes a duty