# EDGAR Filing Document

**Accession Number:** 0001916241
**File Stem:** 0001213900-26-022317
**Filing Date:** 2026-3
**Character Count:** 86478
**Document Hash:** 64ad7214ac6fc7a608f00563e912ddcb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-022317.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001213900-26-022317

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 18

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**EFFECTIVENESS DATE**: 20260302

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ParaZero Technologies Ltd.
- **CENTRAL INDEX KEY:** 0001916241
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293924
- **FILM NUMBER:** 26707832

**BUSINESS ADDRESS:**
- **STREET 1:** 1 HATACHANA STREET
- **CITY:** KFAR SABA
- **STATE:** L3
- **ZIP:** 4453001
- **BUSINESS PHONE:** 97236885252

**MAIL ADDRESS:**
- **STREET 1:** 1 HATACHANA STREET
- **CITY:** KFAR SABA
- **STATE:** L3
- **ZIP:** 4453001

**As filed with the Securities and Exchange Commission on March 2, 2026**

**Registration No. 333-** 

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8<br> REGISTRATION STATEMENT**

***UNDER<br> THE SECURITIES ACT OF 1933***

**ParaZero Technologies Ltd.**

**(Exact name of registrant as specified in its charter)**

**Not Applicable**<br> (Translation of Registrant's name into English)

---

| | | |
|:---|:---|:---|
| **State of Israel** | **3728** | **Not Applicable** |
| (State or other jurisdiction of<br> incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (I.R.S. Employer<br> Identification Number) |

---

**1 Hatachana Street**

**Kfar Saba, 4453001, Israel**

**Tel: +972-50-275-3666**

(Address, including zip code, and telephone number, including<br> area code, of Registrant's principal executive offices)

**ParaZero Technologies Ltd.**

**Global Share Incentive Plan (2022)** 

**(Full title of the plan)**

**Puglisi & Associates**

**850 Library Ave., Suite 204**

**Newark, DE 19711**

**Tel: (302) 738-6680**<br> *(Name, address, including zip code, and telephone number,<br> including area code, of agent for service)*

*Copies to:*

 

---

| | |
|:---|:---|
| **David Huberman, Esq.**<br> **Michael Soumas, Esq.**<br> **Greenberg Traurig, P.A.**<br> **One Azrieli Center**<br> **Round Tower, 30th floor**<br> **132 Menachem Begin Rd**<br> **Tel Aviv 6701101**<br> **Telephone: +972 (0) 3.636.6000** | **Shy Baranov, Adv.**<br> **Gornitzky & Co.**<br> **Vitania Tel Aviv Tower**<br> **20 HaHarash Street**<br> **Tel Aviv, 6761310**<br> **Telephone: +972 (3) 710.9191** |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☐ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

ParaZero Technologies Ltd. (the "Company" or the "Registrant") initially filed with the Securities and Exchange Commission (the "Commission") a registration statement on Form S-8 (File No. 333-278268) to register under the Securities Act of 1933, as amended (the "Securities Act") (i) 366,172 ordinary shares, par value NIS 0.02 per share (the "Ordinary Shares"), of the Registrant issuable upon the exercise of options outstanding under the ParaZero Technologies Ltd. Global Share Incentive Plan (2022) (the "Plan") and (ii) 243,984 Ordinary Shares of the Registrant reserved for issuance under the Plan. In February 2025, the Company filed another registration statement on Form S-8 (SEC File No. 333-285054) with the Commission in connection with the registration of an additional 2,500,000 Ordinary Shares issuable under the Plan. The previously-filed registration statements are referred to herein as the "Prior Registration Statements."

In accordance with General Instruction E to Form S-8, the Company is filing this registration statement on Form S-8 solely to register an additional 2,500,000 Ordinary Shares which may be issued under the Plan over and above the number of Ordinary Shares issuable pursuant to the Plan that were registered under the Prior Registration Statements. Pursuant to General Instruction E to Form S-8, the contents of the Prior Registration Statements are hereby incorporated by reference in their entirety, with the exception of Items 3 and 8 of Part II of such Prior Registration Statements, each of which is amended and restated in its entirety herein.

**PART II<br> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE**

The following documents filed with the Securities and Exchange Commission (the "SEC") by ParaZero Technologies Ltd. (the "Registrant") are incorporated herein by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Registrant's Annual Report on [Form 20-F](https://www.sec.gov/Archives/edgar/data/1916241/000121390024024822/ea0201876-20f_parazero.htm) for the year ended December 31, 2024 filed with the SEC on March 21, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Registrant's
 Report on Form 6-K filed with the SEC on [January 7, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000121390025001391/ea0227011-6k_parazero.htm) , [January 10, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000121390025002380/ea0227352-6k_parazero.htm) , [January 15, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000121390025003626/ea0227765-6k_parazero.htm) , [January 17, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000121390025004370/ea0227986-6k_parazero.htm) , [February 3, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000121390025009113/ea0229582-6k_parazero.htm) , [February 5, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000121390025010268/ea0230011-6k_parazero.htm) , [February 11, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000121390025011930/ea0230645-6k_parazero.htm) , [February 13, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025013161/ea0230843-6k_parazero.htm) , [February 18, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025014883/ea0231406-6k_parazero.htm) [February 20, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025015681/ea0231664-6k_parazero.htm) [March 7, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025021370/ea0233401-6k_parazero.htm) , [March 21, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000101376225001039/ea0235187-6k_parazero.htm) [March 27, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000101376225003014/ea0235743-6k_parazero.htm) [March 27, 2025](https://www.sec.gov/Archives/edgar/data/1916241/000101376225003014/ea0235743-6k_parazero.htm) , [April 10, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025030453/ea0237810-6k_parazero.htm) [April 11, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025031096/ea0237880-6k_parazero.htm) [April 14, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025031591/ea0238152-6k_parazero.htm) [April 15, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025031777/ea0238310-6k_parazero.htm) [April 17, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025032994/ea0238310-6k_parazero.htm) [May 6, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025039960/ea0241043-6k_parazero.htm) , [May 13, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025042298/ea0241897-6k_parazero.htm) , [May 21, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025046443/ea0243079-6k_parazero.htm) , [May 27, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025047533/ea0243440-6k_parazero.htm) [May 29, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025048908/ea0243696-6k_parazero.htm) , [June 12, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025053605/ea0245528-6k_parazero.htm) [June 16, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025054489/ea0245828-6k_parazero.htm) [June 25, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025057464/ea0246886-6k_parazero.htm) [July 3, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025061490/ea0248145-6k_parazero.htm) , [July 7, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025061675/ea0248262-6k_parazero.htm) [July 14, 2025,](http://www.sec.gov/Archives/edgar/data/1916241/000121390025063502/ea0248527-6k_parazero.htm) [July 28, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025067932/ea0250402-6k_parazero.htm) , [August 4, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025070876/ea0251502-6k_parazero.htm) , [August 4, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025070926/ea0251492-6k_parazero.htm) , [August 5, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025072057/ea0251831-6k_parazero.htm) , [August 18, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025077904/ea0253679-6k_parazero.htm) , [August 25, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025080338/ea0254469-6k_parazero.htm) , [August 28, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025081754/ea0254441-6k_parazero.htm) , [September 4, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025084487/ea0256018-6k_parazero.htm) , [September 9, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025086125/ea0256642-6k_parazero.htm) , [September 15, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025087624/ea0257356-6k_parazero.htm) , [October 22, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025100982/ea0262090-6k_parazero.htm) , [October 24, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025101901/ea0262419-6k_parazero.htm) , [October 31, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025104684/ea0263210-6k_parazero.htm) , [November 18, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025111744/ea0266149-6k_parazero.htm) , [November 24, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025114121/ea0266918-6k_parazero.htm) , [December 5, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025118469/ea0268642-6k_parazero.htm) , [December 15, 2025](http://www.sec.gov/Archives/edgar/data/1916241/000121390025121408/ea0269636-6k_parazero.htm) , [January 2, 2026](http://www.sec.gov/Archives/edgar/data/1916241/000121390026000084/ea0271518-6k_parazero.htm) , [January 5, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026000757/ea0271753-6k_parazero.htm) , [January 8, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026002380/ea0272264-6k_parazero.htm) , [January 12, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026003192/ea0272499-6k_parazero.htm) , [January 15, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026004663/ea0273030-6k_parazero.htm) , [January 22, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026006683/ea0273723-6k_parazero.htm) , [January 27, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026007978/ea0274223-6k_parazero.htm) , [January 30, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026009893/ea0274584-6k_parazero.htm) , [February 9, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026013505/ea0276118-6k_parazero.htm) , [February 17, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026017305/ea0276778-6k_parazero.htm) , [February 18, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026017688/ea0277500-6k_parazero.htm) , and [February 20, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026018603/ea0277817-6k_parazero.htm) and [March 2, 2026](https://www.sec.gov/Archives/edgar/data/1916241/000121390026022296/ea0279306-6k_parazero.htm) (to the extent expressly incorporated by reference into the Registrant's effective registration statements
 filed by us under the Securities Act); and

,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The description of the registrant's ordinary shares, par value NIS 0.02 per share, included in the registration statement on Form 8-A filed on [July 26, 2023](https://www.sec.gov/Archives/edgar/data/1916241/000121390023059845/ea182360-8a12b_parazero.htm) (File No. 001-41760) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including any amendment or report filed for the purpose of updating such description.

In addition to the foregoing, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, and all reports on Form 6-K subsequently filed by the Registrant which state that they are incorporated by reference herein, prior to the filing of a post- effective amendment which indicates that all securities offered hereunder have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such documents and reports.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement herein, or in any subsequently filed document which also is or is deemed to be incorporated by reference, modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

**ITEM 8. EXHIBITS**

See attached Exhibit Index.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Kfar Saba, Israel, on March 2, 2026.

---

| | |
|:---|:---|
| **PARAZERO TECHNOLOGIES LTD.** | **PARAZERO TECHNOLOGIES LTD.** |
| By: | /s/ Ariel Alon |
| Name: | Ariel Alon |
| Title: | Chief Executive Officer |

---

**POWER OF ATTORNEY**

Each of the undersigned officers and directors of ParaZero Technologies Ltd. hereby severally constitutes and appoints Ariel Alon and Regev Livne, the true and lawful attorney with full power to them, to sign for the undersigned and in his or her name in the capacities indicated below, any and all amendments, including the post-effective amendments, to this Registration Statement, and generally to do all such things in the undersigned's name and behalf in such capacities to enable ParaZero Technologies Ltd. to comply with the applicable provisions of the Securities Act of 1933, as amended, and all rules and regulation thereunder, and all requirements of the Securities and Exchange Commission, and each of the undersigned hereby ratifies and confirms all that said attorneys or any of them shall lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signatures** | **Title** | **Date** |
| /s/ Ariel Alon | Chief Executive Officer | March 2, 2026 |
| Ariel Alon | (Principal Executive Officer) |  |
| /s/ Regev Livne | Chief Financial Officer | March 2, 2026 |
| Regev Livne | (Principal Financial and Accounting Officer) |  |
| /s/ Amitay Weiss | Chairman of the Board of Directors, Director | March 2, 2026 |
| Amitay Weiss |  |  |
| /s/ Moshe Revach | Director | March 2, 2026 |
| Moshe Revach |  |  |
| /s/ Tali Dinar | Director | March 2, 2026 |
| Tali Dinar |  |  |
| /s/ Yigal Shtief | Director | March 2, 2026 |
| Yigal Shtief |  |  |
| /s/ Natan Israeli | Director | March 2, 2026 |
| Natan Israeli |  |  |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of ParaZero Technologies Ltd., has signed this Registration Statement on March 2, 2026.

---

| | |
|:---|:---|
| **Puglisi & Associates** | **Puglisi & Associates** |
| Authorized U.S. Representative | Authorized U.S. Representative |
| By: | /s/ Donald J. Puglisi |
| Name: | Donald J. Puglisi |
| Title: | Managing Director |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description of Exhibit** |
| 3.1 | [Amended and Restated Articles of Association of the Registrant (filed as Exhibit 99.1 to our Current Report on Form 6-K furnished to the Securities and Exchange Commission on December 10, 2024, and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1916241/000121390024107402/ea022407701ex99-1_parazero.htm) |
| 5.1\* | [Opinion of Gornitzky & Co., Israeli counsel to the Company, as to the legality of the securities being registered](fs82026ex5-1.htm) |
| 23.1\* | [Consent of Consent of Brightman Almagor Zohar & Co., a Firm in the Deloitte Global Network, an independent registered public accounting firm](fs82026ex23-1.htm) |
| 23.2\* | [Consent of Gornitzky & Co., Israeli counsel to the Company (included in Exhibit 5.1)](fs82026ex5-1.htm) |
| 24.1\* | [Power of Attorney (included on the signature page of this Registration Statement)](#a_001) |
| 99.1 | [ParaZero Technologies Ltd. Global Share Incentive Plan (2022) (filed as Exhibit 10.2 to our Registration Statement on Form F-1 as filed with the Securities and Exchange Commission on May 24, 2022, and incorporated herein by reference).](https://www.sec.gov/Archives/edgar/data/1916241/000121390022029318/ff12022ex10-2_parazero.htm) |
| 99.2\* | [U.S. Appendix to ParaZero Technologies Ltd. Global Share Incentive Plan (2022)](fs82026ex99-2.htm) |
| 99.3\* | [Israeli Appendix to ParaZero Technologies Ltd. Global Share Incentive Plan (2022)](fs82026ex99-3.htm) |
| 107\* | [Filing Fee Table](fs82026ex-fee.htm) |

---

\* Filed herewith.

## Exhibit 5.1

**Exhibit 5.1**![](fs82026_ex5-1img1.jpg)

March 2, 2026

**ParaZero Technologies Ltd.**

1 Hatachna St.,

Kfar Saba, Israel 4453001

Re: <u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

We have acted as Israeli counsel to ParaZero Technologies Ltd., an Israeli company (the "**Company**"), in connection with its preparation of a Registration Statement on Form S-8 (the "**Registration Statement**") under the United States Securities Act of 1933, as amended (the "**Act**"), pertaining to the registration of 2,500,000 Ordinary Shares, par value NIS 0.02 per share, of the Company (the "**Plan Shares**") which may be issued under the Company's Global Share Incentive Plan (2022) (the "**Plan**").

In connection with this opinion letter, we have examined originals or copies, certified or otherwise identified to our satisfaction, of: (i) the form of the Registration Statement; (ii) copy of the articles of association of the Company, as currently in effect; (iii) the Plan; and (iv) such other corporate records, agreements, documents and other instruments, and such certificates or comparable documents of public officials and of officers and representatives of the Company and have made inquiries of such officers and representatives, as we have deemed necessary or appropriate as a basis for the opinion set forth herein. In such examination, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed, facsimile or photostatic copies and the authenticity of the originals of such latter documents. As to all questions of fact relevant to the opinion set forth herein, we did not independently establish or verify such facts and we have relied upon certificates or comparable documents of officers or representatives of the Company. We have further assumed that the documents or copies thereof examined by us are true, complete and up-to-date and have not been amended, supplemented, rescinded, terminated or otherwise modified and that each individual grant under the Plan that has been made prior to the date hereof or will be made after the date hereof was and will be duly authorized by all necessary corporate action.

We are admitted to practice law in the State of Israel and the opinion expressed herein is expressly limited to the laws of the State of Israel.

Based upon the foregoing and subject to the qualifications, limitations and assumptions stated herein, we are of the opinion that the Plan Shares have been duly authorized and, when issued and paid for pursuant to the terms of the Plan, the terms of any agreements relating to such issuance and the terms of the awards with respect thereto, will be validly issued, fully paid and nonassessable.

This opinion letter is rendered as of the date hereof, and we disclaim any obligation to advise you of any change of law that occurs, or of any facts, circumstances, events or developments of which we become aware, after the date of this opinion letter, even if they would alter, affect or modify the opinion expressed herein.

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement. In giving such consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the United States Securities and Exchange Commission promulgated thereunder.

---

| |
|:---|
| Very truly yours, |
| */s/ Gornitzky & Co.* |
| Gornitzky & Co. |

---

![](fs82026_ex5-1img2.jpg)

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 21, 2025 relating to the financial statements of ParaZero Technologies Ltd., appearing in the Annual Report on Form 20-F of ParaZero Technologies Ltd. for the year ended December 31, 2024.

---

| |
|:---|
| **/s/ Brightman Almagor Zohar & Co.** |
| **Certified Public Accountants** |
| **A Firm in the Deloitte Global Network** |
| Tel Aviv, Israel |
| March 2, 2026 |

---

## Exhibit 99.2

**Exhibit 99.2**

**APPENDIX – U.S. TAXPAYERS**

**ParaZero Technologies Ltd.**

**GLOBAL SHARE INCENTIVE PLAN (2022)**

**1.** <u>Special Provisions for Persons who are U.S. Taxpayers</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 This Appendix (the "**Appendix**") to the ParaZero Technologies Ltd. Global Share Incentive Plan (2022) (the "**Plan**") was approved by ParaZero Technologies Ltd. (the "**Company**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 The provisions specified hereunder apply only to persons who are subject to U.S. federal income tax (any such person, a "**U.S. Taxpayer**"). This Appendix provides both for the grant of Awards to purchase Shares, and the direct Award or sale of Shares. Options granted under this Appendix may include Non-Qualified Stock Options as well as Incentive Stock Options intended to qualify under Section 422 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 This Appendix applies with respect to Awards granted under the Plan. The purpose of this Appendix is to establish certain rules and limitations applicable to Awards that may be granted or issued under the Plan from time to time, in compliance with applicable tax, securities and other applicable laws currently in force. Except as otherwise provided by this Appendix, all grants made pursuant to this Appendix shall be governed by the terms of the Plan (including, without limitation, its provisions regarding adjustments). This Appendix is applicable only to Awards granted after the date of its approval by the Company (the "**Effective Date**"). This Appendix is applicable to all Awards granted to U.S. Taxpayers under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The Plan and this Appendix shall be read together. In any case of an irreconcilable contradiction (as determined by the Administrator) between the provisions of this Appendix and the Plan, the provisions of the Appendix shall govern unless expressly stated otherwise in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 This Appendix shall be submitted to the Company's shareholders for approval within twelve (12) months after the Effective Date. As of the Effective Date, the Board of Directors may grant Awards pursuant to this Appendix; provided, however, that: (a) no Incentive Stock Option, or Option granted to any California Participant, may be exercised under this Appendix prior to initial shareholder approval of the Plan and this Appendix; (b) if such approval has not been obtained at the end of said twelve-month period, all Incentive Stock Options previously granted or awarded under the Plan and this Appendix shall thereupon, in the discretion of the Administrator, either (i) be canceled and become null and void, or (ii) be deemed to be Non-Qualified Stock Options, and all Options granted to any California Participants shall be rescinded; (c) no Incentive Stock Option granted pursuant to an increase in the number of Shares approved by the Board of Directors shall be exercised prior to the time such increase has been approved by the shareholders of the Company; and (d) Awards (to which only the exemption from California's securities qualification requirements provided by Section 25102(o) can apply)<sup>1</sup> granted pursuant to an increase in the number of Shares approved by the Board which increase is not approved by shareholders pursuant to any such Awards shall be canceled, and any purchase of Shares subject to any such Award shall be rescinded.

**2.** <u>Definitions</u>.

Capitalized terms not otherwise defined herein shall have the meaning assigned to them in the Plan. The following additional definitions will apply to grants made pursuant to this Appendix:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 "**California Participant**" means a Participant who is a resident of California.

<sup>1</sup> **Note to Draft**: The provisions of the Plan and Appendix have been reviewed and edited based on the understanding that the Company intends to grant Awards to residents of the state of California, given this language. Is this the case?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 "**Cause**" shall have the meaning ascribed to such term or a similar term as set forth in the Participant's employment agreement or the agreement governing the provision of services by a non-employee Service Provider, as applicable, or, in the absence of such a definition: (a) conviction of a crime of moral turpitude, unless the Board determines that such conviction will not adversely affect the Company or any of its affiliates, or their reputation, or the ability of the Participant to serve the Company or its affiliates; (b) any material breach by a Participant of his/her fiduciary duties towards the Company or its affiliates, including theft, embezzlement, or self-dealing, (c) engagement in competing activities, any disclosure of confidential information of the Company or its affiliates in violation of any agreement governing the same between Participant and the Company or its affiliates or breach of any obligation not to violate a restrictive covenant; or (d) a material breach of the Participant's employment agreement or the agreement governing the provision of services by a non-employee Service Provider which are not cured (if curable) within seven (7) days after receipt of written notice thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 "**Code**" means the U.S. Internal Revenue Code of 1986, as amended. Any reference to any section of the Code shall also be a reference to any successor provision and any Treasury Regulation promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 "**Disability**" means, with respect to Incentive Stock Options, a "permanent and total disability" within the meaning of Section 22(e)(3) of the Code, provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 "**Fair Market Value**" means, for purposes of this Appendix, unless otherwise required by any applicable provision of the Code or any regulations issued thereunder, as of any date and except as provided below, (a) if the Shares are listed on any established securities exchange, the closing sales price for such Shares (or the closing bid, if no sales were reported) as traded on such exchange for such date, or if no bids or sales were reported for such date, then the closing sales price (or the closing bid, if no sales were reported) on the trading date immediately prior to such date during which a bid or sale occurred, in each case, as reported in a recognized daily business newspaper or such other source as the Administrator deems reliable; or (b) in the absence of an established market for the Shares, the Fair Market Value shall be determined in good faith by the Administrator, taking into account such factors as it considers advisable in a manner consistent with the principles of Section 409A of the Code or, with respect to Incentive Stock Options, in compliance with Section 422 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 "**Family Member**" means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the employee's household (other than a tenant or employee), a trust in which these persons have more than 50% of the beneficial interest, a foundation in which these persons (or the employee) control the management of assets, and any other entity in which these persons (or the employee) own more than 50% of the voting interests or any "family member" within the meaning of Section A(1)(a)(5) of the general instructions of Form S-8, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 "**Incentive Stock Option**" means any Option awarded under the Plan and this Appendix intended to be and designated in the Award Agreement as an "incentive stock option" within the meaning of Section 422 of the Code to an eligible Service Provider who is an employee of the Company, Parent or any Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 "**Non-Qualified Stock Option**" shall mean an Option awarded under the Plan and this Appendix that does not qualify as an Incentive Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 "**Parent**" means any parent corporation of the Company within the meaning of Section 424(e) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 "**Participant**" means an employee, director or consultant of the Company or any Subsidiary who receives an Award hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 "**Section 25102(o)**" means Section 25102(o) of the California Corporations Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 "**Securities Act**" means the U.S. Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder. Any reference to any section of the Securities Act shall also be a reference to any successor provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13 "**Subsidiary**" means any subsidiary corporation of the Company within the meaning of Section 424(f) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14 "**Ten Percent Shareholder**" means a person possessing more than 10% of the total combined voting power of all classes of shares of the Company, its Subsidiaries or its Parent determined pursuant to the attribution rules set forth in Section 424(d) of the Code.

**3.** <u>Shares Reserved under Appendix for Incentive Stock Options</u>.

The maximum aggregate number of Shares that may be issued under the Plan and this Appendix is 3,110,156 Shares, all of which may be granted as Incentive Stock Options, and such reserve of Shares for grants of Incentive Stock Options shall not be increased without the approval of the shareholders of the Company as required pursuant to Section 421 et seq. of the Code. The number of Shares stated in this Section 3 shall be subject to adjustment as provided in Section 11 of the Plan. Shares subject to Awards that are cancelled, forfeited, settled for cash or that expire by their terms will again be available for grant and issuance under the Plan and this Appendix. To the extent permitted by applicable law or any exchange rule, Shares issued in assumption of, or in substitution for, any outstanding grants of any entity acquired in any form of combination by the Company or any affiliate shall not be counted against Shares available for grant as Incentive Stock Options pursuant to the Plan and this Appendix. Notwithstanding the provisions of this Section 3, no Shares may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an incentive stock option under Section 422 of the Code and the Treasury Regulations promulgated thereunder.

**4.** <u>Terms and Conditions of Awards or Sales</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 *Award Agreement*. Each award or sale of Shares under the Plan and this Appendix (other than upon exercise of an Option) shall be evidenced by an Award Agreement between the Participant and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and this Appendix and may be subject to any other terms and conditions which are not inconsistent with the Plan and this Appendix and which the Administrator deems appropriate for inclusion in an Award Agreement. The provisions of the various Award Agreements entered into under the Appendix need not be identical.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 *Withholding Taxes*. As a condition to the purchase or acquisition of any Shares hereunder, the Participant shall make such arrangements as the Administrator may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such purchase or acquisition, and the Company may otherwise satisfy a Participant's tax obligations in accordance with Section 17 of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 *No Deferral Feature*.** Notwithstanding any provisions to the contrary in the Plan, Awards granted to U.S. Taxpayers may not be deferred other than in compliance with Section 409A of the Code.

**5.** <u>Grants of Options</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 *Generally*. The Board (or an authorized Committee thereof) shall have full authority to grant Options to Service Providers pursuant to the terms of this Appendix, the Plan and the applicable Award Agreement. All Options shall be granted by, confirmed by, and subject to the terms of, an Award Agreement to be executed by the Company and the Participant. In particular, the Administrator shall have the authority to determine, and the Award Agreement will specify, whether an Option is intended to qualify as an Incentive Stock Option or is a Non-Qualified Stock Option. In the event that the Option granted qualifies as an Incentive Stock Option, such Incentive Stock Option shall be subject to the terms of this Section 5 and Section 6 below, with Section 6 controlling in the event of any inconsistency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 *Eligibility*. All Service Providers are eligible to be granted Non-Qualified Stock Options under this Appendix, and only employees of the Company, a Subsidiary or a Parent are eligible to be granted Incentive Stock Options under the Plan and this Appendix, if so employed on the grant date of such Incentive Stock Option, although it is anticipated that grants hereunder will be granted solely or primarily to U.S. Taxpayers. Eligibility for the grant of an Option and actual participation in this Appendix and the Plan shall be determined by the Administrator in its sole discretion. Notwithstanding anything in this Section 5.2 to the contrary, consultants who are not natural persons that provide bona fide services to the Company, a Subsidiary or a Parent, and consultants who provide services in connection with the offer or sale of securities in a capital raising transaction shall not be eligible to be granted Options under this Appendix.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 *Exercise Price*. Each Award Agreement shall state the exercise price per share of the Shares covered by each Option, which exercise price shall be determined by the Administrator and shall be at least equal to the Fair Market Value per Share on the date of grant of the Option, or with respect; provided that if the exercise price of an Option is less than Fair Market Value, the terms of such Option shall be structured in a manner that is intended to comply with the requirements of Section 409A of the Code and the terms of such Options shall be construed and interpreted in accordance with Section 9 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 *Termination*. For purposes of Section 10.1 of the Plan, such provisions shall apply subject to the requirements of Section 409A of the Code and, for California Participants, Section 25102(o).

**6.** <u>Special Terms for Incentive Stock Options</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 *Disqualification*. To the extent that any Option does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Option or the portion thereof that does not qualify shall constitute a separate Non-Qualified Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 *Exercise Price*. The exercise price per Share subject to an Incentive Stock Option shall be determined by the Administrator at the time of grant of such Incentive Stock Option; provided that the per share exercise price of an Incentive Stock Option shall not be less than 100% of the Fair Market Value of the Share at the time of grant of such Incentive Stock Option; and provided, further, that if an Incentive Stock Option is granted to a Ten Percent Shareholder, the exercise price per Share shall be no less than 110% of the Fair Market Value of the Share at the time of the grant of such Incentive Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 *Option Term*. The term of each Incentive Stock Option shall be fixed by the Administrator; provided, however, that no Incentive Stock Option shall be exercisable more than 10 years after the date such Incentive Stock Option is granted; and further provided that the term of an Incentive Stock Option granted to a Ten Percent Shareholder shall not exceed five years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 *Incentive Stock Option Limitations*. To the extent that the aggregate Fair Market Value (determined as of the date of grant) of Shares with respect to which Incentive Stock Options are exercisable for the first time by an employee during any calendar year under this Plan and/or any other stock option plan of the Company, any Subsidiary or any Parent exceeds $100,000, such Incentive Stock Options which exceed $100,000 shall be treated as Non-Qualified Stock Options (for clarity, $100,000 of such Incentive Stock Options shall be treated as Incentive Stock Options). For purposes of this Section 6.4, Incentive Stock Options will be taken into account in the order in which they were granted, the Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted, and calculation will be performed in accordance with Code Section 422 and Treasury Regulations promulgated thereunder. In addition, if an employee does not remain employed by the Company, any Subsidiary or any Parent at all times from the time an Incentive Stock Option is granted until three months prior to the date of exercise thereof (or such other period as required by Section 422 of the Code or as permitted by Section 422 and described in Section 6.5), such Incentive Stock Option shall be treated as a Non-Qualified Stock Option. Should any provision of this Appendix not be necessary in order for the Options to qualify as Incentive Stock Options, or should any additional provisions be required, the Administrator may amend this Appendix accordingly, without the necessity of obtaining the approval of the shareholders of the Company, unless required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 *Effect of Termination*. Notwithstanding anything to the contrary in the Plan or this Appendix, and in the absence of a provision specifying otherwise in the relevant Award Agreement with respect to Incentive Stock Options, the following provisions must be met in order for the Award to qualify as an Incentive Stock Option under the Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that the Participant ceases to be an employee of the Company or any Subsidiary or Parent for any reason other than the Participant's death or Disability, and other than in the event that the Participant ceases to be an employee of the Company or any Subsidiary or Parent for Cause, the vested Options must be exercised within three (3) months from the effective date of termination of the Participant's employment with the Company or any Subsidiary or Parent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event that the Participant's employment with the Company, a Subsidiary or Parent terminates as a result of the Participant's death or Disability, the Option must be exercised within twelve (12) months following the Participant's Date of Termination for death or Disability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event that the Participant ceases to be an employee of the Company or any Subsidiary or Parent for Cause (which for Incentive Stock Options granted to California Participants shall be defined in accordance applicable law), then all Options will terminate immediately upon the date of the notice of such termination for Cause, such that the unvested portion of the Options will not vest, and the vested portion of the Options will no longer be exercisable.

To avoid doubt, the provisions of Section 10 of the Plan shall remain in full force and effect and apply to Options granted as Incentive Stock Options, subject to the restrictions of this Section 6.5. The restrictions set forth above represent special additional limitations that apply to qualify as Incentive Stock Options under the provisions of the Code. To avoid doubt, to the extent different than the terms under this Section 6.5, a Participant may choose to exercise Options in accordance with the terms of Section 10 of the Plan and the relevant Award Agreement, and not in compliance with the provisions of the Code relating to "incentive stock options". In that case such Option will not qualify as an Incentive Stock Option and will be treated as a Non-Qualified Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6 *Notice of Disposition*. The Participant shall give the Company prompt notice of any disposition of Shares acquired by exercise of an Incentive Stock Option within (i) two years from the date of grant of such Incentive Stock Option or (ii) one year after the transfer of Shares to the Participant pursuant to exercise of such Incentive Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7 *Right to Exercise*. During a Participant's lifetime, an Incentive Stock Option may be exercised only by the Participant.

**7.** <u>Restricted Shares; Restricted Share Units and Other Share-Based Awards</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 *Restricted Shares.* A grant of Restricted Shares as provided for in the Plan may, but is not required to, have a purchase price which may be set at the discretion of the Administrator. In the case of a grant of Restricted Shares for which a purchase price is required, such grant shall not be made until arrangements for payment of the purchase price have been established that are satisfactory to the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 *Restricted Share Units and Other Share-Based Awards.* The conditions and dates upon which Restricted Share Units and other equity-based and Share-based awards become vested and nonforfeitable and upon which the Shares underlying the Restricted Share Units and other equity-based and Share-based awards may be issued, in all cases, will be subject to compliance with Section 409A of the Code and the terms of such Awards shall be construed and interpreted in accordance with Section 9 below.

**8.** <u>Amendment of Appendix and Individual Grants</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 This Appendix may be amended or terminated in accordance with the terms governing the amendment or termination of the Plan; provided, however, that without the approval of the shareholders of the Company entitled to vote in accordance with applicable law, no amendment may be made that would: (i) increase the aggregate number of Shares that may be issued under this Appendix; (ii) change the classification of individuals eligible to receive Incentive Stock Options under this Appendix; (iii) decrease the minimum exercise price of any Option below the amounts specified herein; (iv) extend the term of the Plan under Section 13 of the Plan or the maximum Option term under Section 6.3 of this Appendix; or (v) require shareholder approval in order for the Appendix to continue to comply with Section 422 of the Code to the extent applicable to Incentive Stock Options or require shareholder approval to the extent necessary and desirable to comply with applicable law, regulations or under the rules of any exchange or system on which the Company's securities are listed or traded at the request of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 The Administrator may, to the extent permitted by the Plan and this Appendix, amend the terms of any grant theretofore granted, prospectively or retroactively, but, subject to the Plan or as otherwise specifically provided herein, no such amendment or other action by the Administrator shall materially impair the previously accrued rights of any holder of such grant without the holder's consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 Notwithstanding any other provisions of the Plan or this Appendix to the contrary, the Administrator may amend the Plan, this Appendix or any grant without the consent of the holder thereof if the Administrator determines that such amendment is required or advisable for the Company, the Plan, this Appendix or any grant to satisfy, comply with or meet the requirements of any law, regulation, rule or accounting standard. In addition, for as long as the Company's securities are traded on a stock exchange, all Awards hereunder shall be subject to the directives, rules and regulations of such stock exchange, as those are established from time to time. In the event that any of the provisions of this Appendix do not comply with the directives, rules and regulations of an applicable stock exchange, the Administrator shall be entitled to automatically amend the provisions of this Appendix in order to comply with such directives, rules and regulations.

**9.** <u>Compliance with Section 409A of the Code.</u> 

Although the Company does not guarantee to a Participant any particular tax treatment of Awards, Awards will be designed and operated in such a manner that is intended to be exempt from the application, or in compliance with the requirements, of Section 409A of the Code. Each Award granted pursuant to the Plan, this Appendix and the applicable Award Agreement is intended to comply with (or be exempt from) the requirements of Section 409A of the Code and any ambiguities or ambiguous terms herein (or in the Plan or applicable Award Agreement) will be construed and interpreted in accordance with such intent. The Company may modify the terms of this Appendix, the Plan or both, without the consent of the Participant, in the manner that the Company may determine to be necessary or advisable in order to comply with Section 409A of the Code or to mitigate any additional tax, interest and/or penalties or other adverse tax consequences that may apply under Section 409A of the Code if compliance is not practical. This Section 9 does not create an obligation on the part of the Company to modify the terms of this Appendix or the Plan and does not guarantee that an Award or the delivery of Shares thereunder will not be subject to taxes, interest and penalties or any other adverse tax consequences under Section 409A of the Code. In no event whatsoever shall the Company be liable for any additional tax, interest or penalties that may be imposed on the Participant by Section 409A of the Code or for any damages for failing to comply with Section 409A of the Code.

**10.** <u>Adjustments upon Certain Transactions.</u> 

In the event of a Transaction, the provisions of Section 11.2 of the Plan will apply, subject to the restrictions of Section 25102(o); provided however, that any assumption or substitution of an Option by the surviving entity or its parent shall be done in a manner that complies with Sections 409A and 424(a) of the Code (as applicable); and provided further, solely with respect to any Award that constitutes nonqualified deferred compensation subject to Section 409A of the Code and that is payable upon a Transaction, a transaction will not be deemed a Transaction unless the transaction qualifies as a change in control event (within the meaning of Section 409A of the Code).

**11.** <u>Limits on Transfer.</u> 

No Award shall be Transferred or otherwise disposed of by any Participant otherwise than by will or by the laws of descent and distribution, and all Options shall be exercisable, during the Participant's lifetime, only by the Participant. Notwithstanding the foregoing, the Administrator may determine, in its sole discretion, at the time of grant or thereafter that an Award (other than an Incentive Stock Option) granted under the Plan and this Appendix that is otherwise not transferable pursuant to this Section 11 is transferable to a Family Member in whole or in part and in such circumstances, and under such conditions, as specified by the Administrator. Any Award that is transferred to a Family Member pursuant to the preceding sentence (i) may not be subsequently Transferred otherwise than by will or by the laws of descent and distribution and (ii) remains subject to the terms of the Plan, this Appendix and the applicable Award Agreement. Any Shares acquired upon the exercise of an Award by a permissible transferee of an Award or a permissible transferee pursuant to a transfer after the exercise of, or issuance of Shares under, an Award, shall be subject to the terms of the Plan, the Appendix and the applicable Award Agreement.

**12.** <u>Term.</u> 

Notwithstanding Section 13 of the Plan, no Awards may be granted to any California Participants, and no Incentive Stock Options may be granted to any Participants, more than 10 years following the earlier of the date the Plan and this Appendix were adopted by the Board of Directors or the date the Plan and this Appendix were approved by the Company's shareholders.

\* \* \*

## Exhibit 99.3

**Exhibit 99.3**

**APPENDIX – ISRAELI TAXPAYERS**

**ParaZero Technologies Ltd.**

**GLOBAL SHARE INCENTIVE PLAN (2022)** 

**1.**  **<u>Special Provisions for Israeli Taxpayers</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 This Appendix (the "**Appendix**") to the ParaZero Technologies Ltd. Global Share Incentive Plan (2022) (the "**Plan**") was approved by the Board of ParaZero Technologies Ltd. (the "**Company**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 The provisions specified hereunder apply only to persons who are deemed to be residents of the State of Israel for tax purposes or are otherwise subject to taxation in Israel with respect to Awards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 This Appendix applies with respect to Awards, including for the avoidance of doubt, Options, Restricted Shares, Restricted Share Units and other equity-based awards, granted under the Plan. The purpose of this Appendix is to establish certain rules and limitations applicable to Awards and Shares that may be granted or issued under the Plan from time to time, in compliance with the securities and other applicable laws currently in force in the State of Israel. Except as otherwise provided by this Appendix, all grants made pursuant to this Appendix shall be governed by the terms of the Plan. This Appendix complies with, and is subject to, the ITO and Section 102.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The Plan and this Appendix shall be read together. In any case of contradiction, whether explicit or implied, between the provisions of this Appendix and the Plan, the provisions of this Appendix shall govern.

**2.**  **<u>Definitions</u>** 

Capitalized terms not otherwise defined herein shall have the meaning assigned to them in the Plan. The following additional definitions will apply to grants made pursuant to this Appendix:

"**3(i) Award**" means an Award which is subject to taxation pursuant to Section 3(i) of the ITO which has been granted to any person who is not an Eligible 102 Participant.

"**102 Capital Gains Track**" means the tax alternative set forth in Section 102(b)(2) of the ITO pursuant to which all or a part of the income resulting from the sale of Shares is taxable as a capital gain.

"**102 Capital Gains Track Grant**" means a 102 Trustee Grant qualifying for the special tax treatment under the 102 Capital Gains Track.

"**102 Ordinary Income Track**" means the tax alternative set forth in Section 102(b)(1) of the ITO pursuant to which income resulting from the sale of Shares derived from Awards is taxed as ordinary income.

"**102 Ordinary Income Track Grant**" means a 102 Trustee Grant qualifying for the ordinary income tax treatment under the 102 Ordinary Income Track.

"**102 Trustee Grant**" means an Award granted pursuant to Section 102(b) of the ITO and held in trust by a Trustee for the benefit of the Eligible 102 Participant and includes both 102 Capital Gains Track Grants and 102 Ordinary Income Track Grants.

"**Affiliate**" means any "employing company" within the meaning of Section 102(a) of the ITO.

"**Controlling Shareholder**" as defined in Section 32(9) of the ITO, currently defined as an individual who prior to the grant or as a result of the grant or exercise of any Award, holds or would hold, directly or indirectly, in his name or with a relative (as defined in the ITO) (i) 10% of the outstanding share capital of the Company, (ii) 10% of the voting power of the Company, (iii) the right to hold or purchase 10% of the outstanding equity or voting power, (iv) the right to obtain 10% of the "profit" of the Company (as defined in the ITO), or (v) the right to appoint a director of the Company.

"**Deposit Requirements**" shall mean with respect to a 102 Trustee Grant, the requirement to evidence deposit of an Award with the Trustee, in accordance with Section 102, in order to qualify as a 102 Trustee Grant. As of the time of approval of this Appendix, the ITA guidelines regarding Deposit Requirements for 102 Capital Gains Track Grants require that the Trustee be provided with (a) a copy of resolutions approving Awards intended to qualify as 102 Capital Gains Track Grants within 45 days of the date of Administrator's approval of such Award, including full details of the terms of the Awards, (b) a copy of the Eligible 102 Participant's consent to the requirements of the 102 Capital Gains Track Grant within 90 days of the Administrator's approval of such Award, and (c) with respect to an Award of Restricted Shares, either a share certificate and copy of the Company's share register evidencing issuance of the Shares underlying such Award in the name of the Trustee for the benefit of the Eligible 102 Participant, or deposit of the Shares with a financial institution in an account administered in the name of the Trustee, as applicable, in each case, within 90 days of the date of the Administrator's approval of such Award.

"**Election**" means the Company's choice of the type of 102 Trustee Grants it will make under the Plan (as between capital gains track or ordinary income track), as filed with the ITA.

"**Eligible 102 Participant**" means a person who is employed by the Company or its Affiliates, including an individual who is serving as a director or an office holder, who is not a Controlling Shareholder.

"**Israeli Fair Market Value**" shall mean with respect to 102 Capital Gains Track Grants only, for the sole purpose of determining tax liability pursuant to Section 102(b)(3) of the ITO, if at the date of grant the Company's shares are listed on any established stock exchange or a national market system or if the Company's shares will be registered for trading within ninety (90) days following the date of grant the fair market value of the Shares at the date of grant shall be determined in accordance with the average value of the Company's shares on the thirty (30) trading days preceding the date of grant, or on the thirty (30) trading days following the date of registration for trading, as the case may be.

"**ITA**" means the Israeli Tax Authority.

"**ITO**" means the Israeli Income Tax Ordinance (New Version) 1961 and the rules, regulations, orders or procedures promulgated thereunder and any amendments thereto, including specifically the Rules, all as may be amended from time to time.

"**Non-Trustee Grant**" means an Award granted to an Eligible 102 Participant pursuant to Section 102(c) of the ITO and not held in trust by a Trustee.

"**Required Holding Period**" means the requisite period prescribed by the ITO and the Rules, or such other period as may be required by the ITA, with respect to 102 Trustee Grants, during which 102 Trustee Grants granted by the Company must be held by the Trustee for the benefit of the person to whom it was granted. As of the date of the adoption of this Appendix, the Required Holding Period for 102 Capital Gains Track Grants is 24 months from the date of grant of the Award.

"**Rules**" means the Income Tax Rules (Tax Benefits in Share Issuance to Employees) 5763-2003.

"**Section 102**" shall mean the provisions of Section 102 of the ITO, as amended from time to time, including by the Law Amending the Income Tax Ordinance (Number 132), 2002, effective as of January 1, 2003 and by the Law Amending the Income Tax Ordinance (Number 147), 2005.

"**Trustee**" means a person or entity designated by the Administrator to serve as a trustee and approved by the ITA in accordance with the provisions of Section 102(a) of the ITO.

**3.**  **<u>Types of Awards and Section 102 Election</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 Awards made pursuant to Section 102 shall be made pursuant to either (a) Section 102(b)(2) and if applicable, Section 102(b)(3) of the ITO as 102 Capital Gains Track Grants or (b) Section 102(b)(1) of the ITO as 102 Ordinary Income Track Grants. The Company's Election regarding the type of 102 Trustee Grant it chooses to make shall be filed with the ITA. Once the Company (or its Affiliate) has filed such Election, it may change the type of 102 Trustee Grant that it chooses to make only after the passage of at least 12 months from the end of the calendar year in which the first grant was made in accordance with the previous Election, in accordance with Section 102. For the avoidance of doubt, such Election shall not prevent the Company from granting Non-Trustee Grants to Eligible 102 Participants at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 Eligible 102 Participants may receive only 102 Trustee Grants or Non-Trustee Grants under this Appendix. Participants who are not Eligible 102 Participants may be granted only 3(i) Awards under this Appendix.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 No 102 Trustee Grants may be made effective pursuant to this Appendix until 30 days after the date upon which the requisite filings required by the ITO and the Rules have been made with the ITA, including the filing of the Plan and this Appendix.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 The Award Agreement shall indicate whether the grant is a 102 Trustee Grant, a Non-Trustee Grant or a 3(i) Award; and, if the grant is a 102 Trustee Grant, whether it is a 102 Capital Gains Track Grant or a 102 Ordinary Income Track Grant.

**4.**  **<u>Terms and Conditions of 102 Trustee Grants</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 Each 102 Trustee Grant will be deemed granted on the date approved by the Administrator and stated in a written or electronic notice by the Company, provided that its qualification as a 102 Trustee Grant will be dependent upon the Company's compliance with any applicable Deposit Requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 Each 102 Trustee Grant granted to an Eligible 102 Participant and each certificate for Shares acquired pursuant to a 102 Trustee Grant shall be deposited with a Trustee in compliance with the Deposit Requirements and held in trust for the benefit of the Eligible 102 Participant for the Required Holding Period by the Trustee. After termination of the Required Holding Period, the Trustee may release such Awards and any Shares issued with respect to such Awards, provided that (i) the Trustee has received an acknowledgment from the Israeli Income Tax Authority that the Eligible 102 Participant has paid any applicable tax due pursuant to the ITO or (ii) the Trustee and/or the Company or its Affiliate withholds any applicable tax due pursuant to the ITO. The Trustee shall not release any 102 Trustee Grants or shares issued with respect to the 102 Trustee Grants prior to the full payment of the Eligible 102 Participant's tax liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 Each 102 Trustee Grant shall be subject to the relevant terms of Section 102 and the ITO, which shall be deemed an integral part of the 102 Trustee Grant and shall prevail over any term contained in the Plan, this Appendix or Award Agreement that is not consistent therewith. Any provision of the ITO and any approvals of the ITA not expressly specified in this Appendix or any document evidencing an Award that are necessary to receive or maintain any tax benefit pursuant to the Section 102 shall be binding on the Eligible 102 Participant. The Trustee and the Eligible 102 Participant granted a 102 Trustee Grant shall comply with the ITO, and the terms and conditions of the Trust Agreement entered into between the Company and the Trustee. For avoidance of doubt, it is reiterated that compliance with the ITO specifically includes compliance with the Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 The Eligible 102 Participant agrees to execute any and all documents which the Company or the Trustee may reasonably determine to be necessary in order to comply with the provision of any applicable law, and, particularly, Section 102 and the Deposit Requirements. With respect to 102 Capital Gain Track Grants, to the extent that the Shares are listed on any established stock exchange or a national market system, the provisions of Section 102(b)(3) of the ITO will apply with respect to the Israeli tax rate applicable to such Awards (including Restricted Share Units and Options whose exercise price is lower than the Israeli Fair Market Value of the Shares on the date of grant).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 During the Required Holding Period, the Eligible 102 Participant shall not require the Trustee to release or sell the Awards and Shares received subsequently following any realization of rights derived from Awards or Shares (including share dividends) to the Eligible 102 Participant or to a third party, unless permitted to do so by applicable law. Notwithstanding the foregoing, the Trustee may, pursuant to a written request and subject to applicable law, release and transfer such Shares to a designated third party, provided that both of the following conditions have been fulfilled prior to such transfer: (i) all taxes required to be paid upon the release and transfer of the shares have been withheld for transfer to the tax authorities and (ii) the Trustee has received written confirmation from the Company that all requirements for such release and transfer have been fulfilled according to the terms of the Company's Corporate Charter, the Plan, any applicable Award Agreement and applicable law. To avoid doubt such sale or release during the Required Holding Period will result in different tax ramifications to the Eligible 102 Participant under Section 102 of the ITO and the Rules and/or any other regulations or orders or procedures promulgated thereunder, which shall apply to and shall be borne solely by such Eligible 102 Participant (including tax and mandatory payments otherwise payable by the Company or its Affiliates, which would not apply absent a sale or release during the Required Holding Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 In the event a share dividend is declared and/or additional rights are granted with respect to Shares which derive from Awards granted as 102 Trustee Grants, such dividend and/or rights shall also be subject to the provisions of this Section 4 and the Required Holding Period for such dividend shares and/or rights shall be measured from the commencement of the Required Holding Period for the Award with respect to which the dividend was declared and/or rights granted. In the event of a cash dividend on Shares, the Trustee shall transfer the dividend proceeds to the Eligible 102 Participant, in accordance with the Plan, after deduction of taxes and mandatory payments, in compliance with applicable withholding requirements, and subject to any other requirements imposed by the ITA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 If an Award granted as a 102 Trustee Grant is exercised or settled during the Required Holding Period, the Shares issued upon such exercise or settlement shall be issued in the name of the Trustee for the benefit of the Eligible 102 Participant. If such an Award is exercised or settled after the Required Holding Period ends, the Shares issued upon such exercise or settlement shall, at the election of the Eligible 102 Participant, either (i) be issued in the name of the Trustee, or (ii) be transferred to the Eligible 102 Participant directly, provided that the Eligible 102 Participant first complies with all applicable provisions of the Plan and this Appendix.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 To avoid doubt: (i) notwithstanding anything to the contrary in the Plan, including without limitation Section 9.4, payment upon exercise or purchase of Awards granted as 102 Capital Gains Track Grants, may only be paid by cash or check, and not by surrender of Shares, reduction of Shares pursuant to a cashless exercise or net exercise arrangement or other forms of payment, unless and to the extent permitted under Section 102 and ITA guidelines and in accordance with the terms of any applicable ruling issued by the ITA with respect to 102 Capital Gains Track Grants, to the extent required; (ii) notwithstanding anything to the contrary in the Plan, including without limitation Sections 8.4, 9.5 and 11 thereof, certain adjustments and amendments to the terms of Awards granted under the 102 Capital Gains Track, including pursuant to recapitalization events, share exchange programs, distributions of bonus shares, rights issues, dividend adjustments and so forth, may disqualify the Awards from benefitting from the tax benefits under the 102 Capital Gains Track, unless and to the extent permitted under Section 102, ITA guidelines, the terms and conditions of Section 7 below and in accordance with the terms of any applicable ruling issued by the ITA with respect to 102 Capital Gains Track Grants, to the extent required; (iii) notwithstanding anything to the contrary in the Plan, Awards granted under the 102 Capital Gains Track with vesting subject to performance criteria, must include objective milestones (such as financial milestones) as the performance criteria and must clearly define the maximum number of Shares to be issued upon vesting of the Award; and (iv) notwithstanding anything to the contrary in the Plan, early exercise provisions shall not apply to Awards granted under the 102 Capital Gains Track.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9 Notwithstanding anything to the contrary in the Plan, it is clarified that the grant of certain types of equity-based Awards under the 102 Capital Gains Track are subject to the confirmation and approval of the ITA. In addition, any Award granted under the 102 Capital Gains Track is meant to comply in full with the terms and conditions of Section 102 and the requirements of the ITA, and therefore the Plan and the Appendix are to be read such that they comply with the requirements of Section 102. Should any provision in the Plan and/or the Appendix disqualify the Plan and/or the Appendix and/or any Award granted under Section 102 Capital Gain Track granted thereunder from beneficial tax treatment pursuant to the provisions of Section 102, such provision shall not apply to such Awards and the underlying Shares unless the ITA provides approval of compliance with Section 102.

**5.**  **<u>Assignability</u>** 

As long as Awards or Shares are held by the Trustee on behalf of the Eligible 102 Participant, all rights of the Eligible 102 Participant over the Shares are personal, cannot be transferred, assigned, pledged or mortgaged, other than by will or laws of descent and distribution.

**6.**  **<u>Tax Consequences</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 Any tax consequences arising from the grant, or vesting or exercise of any Award, from the payment for Shares or the acquisition of Shares issued upon the exercise or vesting (as applicable) of the Award, from the sale or disposition of any Shares covered by an Award, or from any other event or act (of the Company and/or its Affiliates and/or the Trustee and/or the Participant) hereunder (including without any limitation any taxes and compulsory payments, such as National Insurance Institute and health tax payments), shall be borne solely by the Participant. The Company and/or its Affiliates, and/or the Trustee shall withhold taxes according to the requirements under the applicable laws, rules, and regulations, including withholding taxes at source. Furthermore, the Participant shall agree to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 The Company or any of its Affiliates, and the Trustee may make such provisions and take such steps as it/they may deem necessary or appropriate for the withholding of all taxes required by law to be withheld with respect to Awards granted under the Plan and the exercise, sale, transfer or other disposition thereof, including, but not limited, to (i) deducting the amount so required to be withheld from any other amount (or Shares issuable) then or thereafter to be provided to the Participant, including by deducting any such amount from a Participant's salary or other amounts payable to the Participant, to the maximum extent permitted under law; and/or (ii) requiring the Participant to pay to the Company or any of its Affiliates the amount so required to be withheld as a condition of the issuance, delivery, distribution or release of any Shares and/or (iii) withholding otherwise deliverable Shares having a Fair Market Value equal to the minimum amount statutorily required to be withheld; and/or (iv) causing the exercise and sale of any Awards or Shares held by on behalf of the Participant or selling a sufficient number of such Shares otherwise deliverable to the Participant through such means as the Company may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant's behalf pursuant to the Participant's authorization as expressed by acceptance of the Award under the terms herein), to the extent permitted by applicable law or pursuant to the approval of the ITA. In addition, the Participant will be required to pay any amount (including penalties) that exceeds the tax to be withheld and transferred to the tax authorities, pursuant to applicable tax laws, regulations and rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 The Company does not represent or undertake that an Award will qualify for or comply with the requisites of any particular tax treatment (such as the "capital gains track" under Section 102), nor shall the Company, its assignees or successors be required to take any action for the qualification of any Award under such tax treatment. The Company shall have no liability of any kind or nature in the event that, as a result of applicable law, actions by the Trustee or any position or interpretation of the ITA, or for any other reason whatsoever, an Award shall be deemed to not qualify for any particular tax treatment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 With respect to Non-Trustee Grants, if the Eligible 102 Participant ceases to be employed by the Company or any Affiliate, the Eligible 102 Participant shall extend to the Company and/or its Affiliate a security or guarantee for the payment of tax due at the time of sale of Shares to the satisfaction of the Company, all in accordance with the provisions of Section 102 of the ITO and the Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 The Company and/or the Trustee shall not be required to release any Share certificate to a Participant until all required payments have been fully made. In the event that the Company, or its Affiliate, or the Trustee, as applicable, is uncertain as to the sum of the full tax payment due or which is subject to withholding, the Company or the Trustee, as applicable, may refuse to release the Shares until such time as the ITA verifies the sum of the full tax payment which is due, and the Participant shall not have any claims in connection with such refusal. In addition, the Company shall not be obligated to honor the exercise or vesting of an Award by or on behalf of a Participant until all tax consequences (if any) arising from the exercise or vesting of such Award and/or sale or disposition of Shares and/or Award are resolved in a manner reasonably acceptable to the Company.

**7.**  **<u>Adjustments of Awards under this Appendix</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 **Distribution of Bonus Shares.** Notwithstanding the provisions of Section 11 of the Plan, in the event that the Company distributes bonus shares, the exercise price of Options granted under this Appendix that are outstanding as of the record date of such distribution (hereinafter in this Section 7.1, the "**Record Date**") shall not be adjusted; however, the number of Shares covered by each Outstanding Option and the number of Shares which have been authorized for issuance under the Plan but as to which no Options or other Award have yet been granted or which have been returned to the Plan upon cancellation or expiration of an Option or other Award, shall be proportionately adjusted to the increase in the number of issued Shares, such that the number of Shares underlying the relevant Outstanding Option shall increase by the proportionate number of bonus shares (of the same class which was distributed to the other shareholders in the applicable distribution of bonus shares) to which the Option holder would have otherwise been entitled had the exercise of the Outstanding Option taken place immediately prior to the distribution of the bonus shares. Bonus shares distributed pursuant to this Section 7.1 shall be subject to and in accordance with the terms of any applicable ruling issued by the ITA with respect to 102 Capital Gains Track Grants, to the extent required. and subject to any legend or restriction applicable to the holders of bonus shares for which this adjustment was applied.

For purposes of this Section 7.1, the term "**Outstanding Options**" shall mean Options granted prior to the Record Date, which have not been exercised into Shares prior to or on the Record Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 **Rights Issue.** Notwithstanding the provisions of Section 11 of the Plan, in the case of a rights issue made by the Company to its securities holders, the number of Shares covered Options granted under this Appendix as of the record date of such distribution (hereinafter in this Section ‎‎7.2, the "**Record Date**") shall be proportionately and equitably adjusted so as to maintain through such an event the proportionate equity portion represented by the rights issue, such that the number of Shares underlying the relevant Outstanding Option shall be proportionately adjusted to the benefit component underlying the rights issuance as represented by the difference between the closing price of the Company's shares on the stock exchange on the last trading day prior to the "ex-rights" day and the base price of the Company's shares on the stock exchange following the "ex-rights" day. This adjustment shall be subject to and in accordance with the terms of any applicable ruling issued by the ITA with respect to 102 Capital Gains Track Grants, to the extent required.

For purposes of this Section ‎7.2, the term "**Outstanding Options**" shall mean Options granted prior to the Record Date, which have not been exercised into Shares prior to or on the Record Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 **Dividends**. Notwithstanding the provisions of Section 11 of the Plan, in the event of a distribution of cash dividend or in kind dividend to the Company's shareholders (including by way of court approved distribution pursuant to an applicable statute), the exercise price of Options granted under this Appendix that are outstanding as of the record date of such distribution of a dividend in cash or in kind (hereinafter in this Section ‎11.8, the "**Record Date**"), shall be adjusted, such that the exercise price of the Outstanding Options shall be decreased by the gross dividend amount per Share (or its monetary value in the event of a dividend in kind). This adjustment shall be subject to and in accordance with the terms of any applicable ruling issued by the ITA with respect to 102 Capital Gains Track Grants, to the extent required. In no event will the exercise price of the Options outstanding as of the Record Date be adjusted to a price lower than the minimum exercise price set forth in applicable law. Except as expressly provided herein, no distribution of a dividend in cash or in kind shall affect, and no adjustment thereof shall be made, with respect to the number of Shares subject to an Option.

For purposes of this Section 7.3, the term "**Outstanding Options**" shall mean Options granted prior to the Record Date, which have not been exercised into Shares prior to or on the Record Date.

**8.**  **<u>Securities Laws; Stock Exchange Directives</u>** 

All Awards hereunder shall be subject to compliance with the Israeli Securities Law, 1968, and the rules and regulations promulgated thereunder. In addition, for as long as the Company's securities are traded on a stock exchange, all Awards hereunder shall be subject to the directives**,** rules and regulations of such stock exchange, as those are established from time to time. In the event that any of the provisions of this Appendix do not comply with the directives**,** rules and regulations of an applicable stock exchange, the Administrator shall be entitled to automatically amend the provisions of this Appendix in order to comply with such directives**,** rules and regulations.

\* \* \*

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**S-8**

**ParaZero Technologies Ltd.**

**Table 1: Newly Registered Securities**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Ordinary Shares, par value NIS 0.02 per share, reserved for issuance pursuant to the Global Share Incentive Plan (2022) | (1) | Other | 2500000 | $1.1950 | $2987500.00 | 0.0001381 | $412.58 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $2987500.00 |  | 412.58 |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $412.58 |

---

**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also includes an indeterminate number of additional shares that become issuable under the ParaZero Technologies Ltd. Global Share Incentive Plan (2022) (the "Plan"), as a result of anti-dilution provisions described therein by reason of any dividend, share split, recapitalization or other similar transaction effected without the receipt of consideration leading to an increase in the number of outstanding shares. Represents ordinary shares issuable upon vesting or exercise of awards granted under the Plan as well as future award grants under the Plan and the corresponding proposed maximum offering price per share, which is estimated solely for the purposes of calculating the registration fee under Rule 457(c) and Rule 457(h) under the Securities Act, is based on the average of the high and low prices for the Company's ordinary shares as quoted on the Nasdaq Capital Market on February 27, 2026.