Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 97

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 97
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 remuneration of the external
directors then such remuneration shall be exempt from the approval of the general meeting. Where the director is also a controlling shareholder,
the requirements for approval of transactions with controlling shareholders apply.

Fiduciary Duties of Office Holders

The Israeli Companies Law
imposes a duty of care and a duty of loyalty on all office holders of a company.

The duty of care requires
an office holder to act with the level of care with which a reasonable office holder in the same position would have acted under the same
circumstances. The duty of care of an office holder includes a duty to use reasonable means to obtain:

  information on the advisability of a given action brought for his approval or performed by him by virtue of his position; and  
  all other important information pertaining to these actions.                                                                   

The duty of loyalty of an
office holder requires an office holder to act in good faith and for the benefit of the company, and includes a duty to:

  refrain from any conflict of interest between the performance of his duties in the company and his performance of his other duties or personal affairs;               
  refrain from any action that is competitive with the company’s business;                                                                                              
  refrain from exploiting any business opportunity of the company to receive a personal gain for himself or others; and                                                 
  disclose to the company any information or documents relating to the company’s affairs which the office holder has received due to his position as an office holder.  

Insurance

Under the Israeli Companies
Law, a company may obtain insurance for any of its office holders against the following liabilities incurred due to acts he or she performed
as an office holder, if and to the extent provided for in the company’s articles of association:

  breach of his or her duty of care to the company or to another person, to the extent such a breach arises out of the negligent conduct of the office holder;                                          
  a breach of his or her duty of loyalty to the company, provided that the office holder acted in good faith and had reasonable cause to assume that his or her act would not prejudice the company...  
  a financial liability imposed upon him or her in favor of another person.                                                                                                                             

We currently have directors’
and officers’ liability insurance, providing total coverage of $20 million for the benefit of all of our directors and officers,
which expires on June 15, 2026, as well as Public Offering of Securities Insurance providing a total coverage of $10 million for the benefit