Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 601

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 601
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 that it meets
any requirement of applicable laws regarding issuance of shares for consideration that is lower than the nominal value of such shares.
If, however, the Company’s board of directors determines that the nominal value of the shares shall not be waived and shall be paid
by the grantees, then it shall determine procedures for payment of such nominal value by the grantees or for collection of such amount
from the grantees by the Company.

Shares issued pursuant to any RSUs units
may (but need not) be made subject to exercise conditions, as shall be established by the Company and set forth in the applicable notice
of grant evidencing such award. During any restriction period in which shares acquired pursuant to an award of RSUs remain subject to
exercise conditions, such shares may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of unless otherwise
provided in the 2018 Plan. Upon request by the Company, each grantee shall execute any agreement evidencing such transfer restrictions
prior to the receipt of shares hereunder and the Company may place appropriate legends evidencing any such transfer restrictions on the
relevant share certificates.

A summary of RSU activity during the
years ended December 31, 2024, and 2023, is as follows:

     Schedule of RSU activity 

    Number 

    RSU outstanding at January 1, 2023 
     536,000 
  
    Granted  
     – 
  
    Forfeited 
     (5,000)

    RSU’s outstanding at December 31, 2023 
     531,000 
  
    Forfeited 
     – 

    RSU’s exercisable at December 31, 2024 
     531,000 

     F-26 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share
data

    NOTE 6:-
    TAXES ON INCOME

The Company’s subsidiaries are
separately taxed under the domestic tax laws of the jurisdiction of incorporation of each entity.

    a.
    Corporate tax rates in U.S.:

On December 22, 2017, the U.S. Tax Cuts
and Jobs Act (“the TCJA”) was signed into law, permanently lowering the corporate federal income tax rate from 35% to 21%,
effective January 1, 2018. The company is