Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 406

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 406
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 in the names of various security brokers, dealers, and registered clearing agencies.

Dividend Policy

Our board of directors may declare and pay dividends
on outstanding shares of common stock out of funds legally available there for in our sole discretion; however, to date no dividends have
been declared or paid on common stock.

 4 

Indemnification of Directors and Officers

Delaware Corporation Law allows for the indemnification
of officers, directors, and any corporate agents in terms sufficiently broad to indemnify such persons under certain circumstances for
liabilities, including reimbursement for expenses, incurred arising under the 1933 Act. The Bylaws of the Company provide that the Company
will indemnify its directors and officers to the fullest extent authorized or permitted by law and such right to indemnification will
continue as to a person who has ceased to be a director or officer of the Company and will inure to the benefit of his or her heirs,
executors and Consultants; provided, however, that, except for proceedings to enforce rights to indemnification, the Company will not
be obligated to indemnify any director or officer in connection with a proceeding (or part thereof) initiated by such person unless such
proceeding (or part thereof) was authorized by the Board of Directors. The right to indemnification conferred will include the right
to be paid by the Company the expenses (including attorney’s fees) incurred in defending any such proceeding in advance of 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