Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 6

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 6
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 its
final disposition.

The Company may, to the extent authorized from
time to time by the Board of Directors, provide rights to indemnification and to the advancement of expenses to employees and agents of
the Company similar to those conferred to directors and officers of the Company. The rights to indemnification and to the advancement
of expenses are subject to the requirements of the 1940 Act to the extent applicable.

Furthermore, the Company may maintain insurance,
at its expense, to protect itself and any director, officer, employee or agent of the Company or another company against any expense,
liability or loss, whether or not the Company would have the power to indemnify such person against such expense, liability or loss under
the Delaware General Corporation Law.

Unregistered Sales of Equity Securities.

On March 9, 2021, the Company issued 13,025 shares
in respect of RSU’s granted during 2021.

On March 10, 2021, the Company issued a total
of 50,000 shares to two directors in respect of 50,000 RSU’s that were granted to them.

On April 1, 2021, the Company issued a total of
10,000 shares to two directors in respect of 10,000 RSU’s that were granted to them.

From June 2021 through to December 2021, the Company
issued 830,000 shares in respect of converted Promissory Notes in the amount of $830 thousand.

On August 17, 2021, the Company granted three directors 47,134 shares.

On October 5, 2021, the Company issued a director 7,500 shares in respect
of 7,500 RSU’s that were granted to him.

On October 5, 2021, the Company issued 29,167 shares to a consultant
in respect of 500,000 share options that were exercised.

On October 25, 2021, the Company issued 40,000
shares to a consultant in respect of 400,000 share options that were exercised.

On December 30, 2022, the Company issued 21,186
shares in respect of an investor’s converted SAFE agreement in Saffron Tech.

 5 

Penny Stock Regulation

Our shares must comply with the Penny Stock Reform
Act of 1990, which may potentially decrease our shareholders’ ability to easily transfer their shares. Broker-dealer practices in
connection with transactions in “p