Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 3320

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 13
Chunk 3320
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    member of the director accepted any compensation from the company in excess of $120,000 during any period of 12 consecutive months
    within the three years preceding the independence determination (subject to certain exclusions, including, among other things, compensation
    for board or board committee service);

    ●
    A family member of the
    director is, or at any time during the past three years was, an executive officer of the company;

    ●
    The director or a family
    member of the director is a partner in, controlling shareholder of, or an executive officer of an entity to which the company made,
    or from which the company received, payments in the current or any of the past three fiscal years that exceed 5% of the recipient’s
    consolidated gross revenue for that year or $200,000, whichever is greater (subject to certain exclusions);

    ●
    The director or a family
    member of the director is employed as an executive officer of an entity where, at any time during the past three years, any of the
    executive officers of the company served on the compensation committee of such other entity; or

    ●
    The director or a family
    member of the director is a current partner of the company’s outside auditor, or at any time during the past three years was
    a partner or employee of the company’s outside auditor, and who worked on the company’s audit.

    Under such definitions,
    two of our directors can be considered independent.

Policy Concerning
Related Person Transactions

Alternus’ board of
directors adopted a related person transaction policy setting forth the policies and procedures for the identification, review and approval
or ratification of related person transactions. This policy covers, with certain exceptions set forth in Item 404 of Regulation S-K
under the Securities Act, any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships,
in which we had a related person were or will be participants and the amount involved exceeds $120,000 or 1% of the average of our total
assets as of the end of our last two completed fiscal years, including purchases of goods or services by or from the related person
or entities in which the related person has a material interest, indebtedness and guarantees of indebtedness. In reviewing and approving
any such transactions, our audit committee will consider all relevant facts and circumstances as appropriate, such as the purpose of
the transaction, the availability of other sources