Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 37

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 37
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 With respect to mergers, Israeli tax law allows for tax deferral in certain circumstances
but makes the deferral contingent on the fulfillment of a number of conditions, including, in some cases, a holding period of two years
from the date of the transaction during which sales and dispositions of shares of the participating companies may be subject to certain
restrictions and additional terms. Moreover, with respect to certain share swap transactions, the tax deferral is limited in time, and
when such time expires, the tax becomes payable even if no disposition of the shares has occurred. See “ Item 10. E. Taxation - Israeli
Tax Considerations and Government Programs” for additional information.

The
rights and responsibilities of a holder of our securities will be governed by Israeli law, which differs in some material respects from
the rights and responsibilities of shareholders of U. S. companies.

The
rights and responsibilities of the holders of our Ordinary Shares (and therefore indirectly, the ADSs and the warrants) are governed
by our articles of association and by Israeli law. These rights and responsibilities differ in some material respects from the rights
and responsibilities of shareholders in typical U. S.-based corporations. In particular, a shareholder of an Israeli company has certain
duties to act in good faith in a customary manner in exercising its rights and performing its obligations towards the company and other
shareholders and to refrain from abusing its power in the company including, among other things, in voting at the general meeting of
shareholders on certain matters, such as an amendment to the company’s articles of association, an increase of the company’s
authorized share capital, a merger of the company, and approval of related party transactions that require shareholder approval. A shareholder
also has a general duty to refrain from discriminating against other shareholders. In addition, a controlling shareholder or a shareholder
who knows that it possesses the power to determine the outcome of a shareholder vote or to appoint or prevent the appointment of an officer
of the company has a duty to act in fairness towards the company with regard to such vote or appointment. However, Israeli law does not
define the substance of this duty of fairness. There is limited case law available to assist us in understanding the nature of this duty
or the implications of these provisions. These provisions may be interpreted to impose additional obligations on holders of our Ordinary
Shares that are not typically imposed on shareholders of U. S. corporations. See “ Item 6. C. Board Practices - Duties of Shareholders