SEC Filing Document

Company: DUKE Robotics Corp.
Ticker: DUKR
CIK: 1638911
Filing Type: DRS
Document Type: DRS
Date Filed: 2025-12-22
Accession Number: 0001213900-25-124553
Exchange: OTC
SIC Code: 3721
SIC Description: Aircraft
URL: https://www.sec.gov/Archives/edgar/data/1638911/000121390025124553/filename1.htm

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Director Independence Our board of directors has determined that Mr. Eran Antebi, Mr. Erez Nachtomy and Ms. Keren Gousman are “independent” directors, as defined by SEC rules and under the Nasdaq Listing Rules. Term of Office Our directors are appointed until removed from office in accordance with our amended bylaws. Our officers are appointed by our Board and hold office until removed by the Board. Committees of the Board of Directors Our Board has established two standing committees the Audit Committee and the Compensation Committee, and intends to establish the Governance and Nominating Committee. Each of these committees will consist solely of independent directors. We have adopted written charters for the Audit Committee and the Compensation Committee, which will be available on our website, www.dukeroboticsys.com, upon the effectiveness of this registration statement. Our Board may establish other committees as it deems necessary or appropriate from time to time. Audit Committee

The Audit Committee is composed of three independent directors: Eran
Antebi (Chairman of the Audit Committee and the Company’s audit committee financial expert as such term is defined in Item 407(d)(5) of
Regulation S-K), Keren Gousman and Erez Nachtomy. Each member of the Audit Committee is an independent director as defined by the rules
of the SEC and Nasdaq. The Audit Committee has the sole authority and responsibility to select, evaluate and engage independent auditors
for the Company. The Audit Committee reviews with the auditors and with the Company’s financial management all matters relating
to the annual audit of the Company.

The Audit Committee monitors
the integrity of our financial statements, monitors the independent registered public accounting firm’s qualifications and independence,
monitors the performance of our internal audit function and the auditors, and monitors our compliance with legal and regulatory requirements.
The Audit Committee also meets with our auditors to review the results of their audit and review of our annual and interim financial statements.

The Audit Committee meets
at least on a quarterly basis to discuss with management the annual audited financial statements and quarterly financial statements and
meets from time to time to discuss general corporate matters.

Compensation Committee

The
Compensation Committee is composed of three independent directors: Eran Antebi, Keren Gousman and Erez Nachtomy. Among other things, the
Compensation Committee reviews, recommends and approves salaries and other compensation of the Company’s executive officers, and
administers the Company’s equity incentive plans (including reviewing, recommending and approving stock option and other equity
incentive grants to executive officers).

The
Compensation Committee meets in executive session to determine the compensation of the Chief Executive Officer of the Company. In determining
the amount, form, and terms of such compensation, the Committee considers the annual performance evaluation of the Chief Executive Officer
conducted by the Board in light of company goals and objectives relevant to Chief Executive Officer compensation, competitive market data
pertaining to Chief Executive Officer compensation at comparable companies, and such other factors as it deems relevant, and is guided
by, and seeks to promote, the best interests of the Company and its shareholders.

In addition, subject to existing
agreements, the Compensation Committee determines the salaries, bonuses, and other matters relating to compensation of the executive officers
of the Company using similar parameters. It sets performance targets for determining periodic bonuses payable to executive officers. It
also reviews and makes recommendations to the Board regarding executive and employee compensation and benefit plans and programs generally,
including employee bonus and retirement plans and programs (except to the extent specifically delegated to a Board appointed committee
with authority to administer a particular plan). In addition, the Compensation Committee approves the compensation of non-employee directors
and reports it to the full Board.

Governance and Nominating
Committee

The Governance and Nominating Committee, will consist of Eran Antebi,
Keren Gousman and Erez Nachtomy, each of whom meets the independence requirements of all other applicable laws, rules and regulations
governing director independence, as determined by the Board.

The Governance and Nominating Committee will identify individuals qualified
to become members of the Board, consistent with criteria approved by the Board; recommend to the Board the director nominees for the next
annual meeting of stockholders or special meeting of stockholders at which directors are to be elected; recommends to the Board candidates
to fill any vacancies on the Board; develop, recommend to the Board, and reviews the corporate governance guidelines applicable to the
Company; and oversee the evaluation of the Board and management.

In recommending director nominees for the next annual meeting of stockholders,
the Governance and Nominating Committee will ensure the Company complies with its contractual obligations, if any, governing the nomination
of directors. It will consider and recruit candidates to fill positions on the Board, including as a result of the removal, resignation
or retirement of any director, an increase in the size of the Board or otherwise. The Committee will conduct, subject to applicable law,
any and all inquiries into the background and qualifications of any candidate for the Board and such candidate’s compliance with
the independence and other qualification requirements established by the Committee. The Committee will also recommend candidates to fill
positions on committees of the Board.

In selecting and recommending candidates for election to the Board
or appointment to any committee of the Board, the Governance and Nominating Committee will not select nominees through mechanical application
of specified criteria. Rather, the Governance and Nominating Committee will consider such factors at it deems appropriate, including,
without limitation, the following: personal and professional integrity, ethics and values; experience in corporate management, such as
serving as an officer or former officer of a publicly-held company; experience in the Company’s industry; experience as a board
member of another publicly-held company; diversity of expertise and experience in substantive matters pertaining to the Company’s
business relative to other directors of the Company; practical and mature business judgment; and composition of the Board (including its
size and structure).

The Governance and Nominating Committee will develop and recommend
to the Board a policy regarding the consideration of director candidates recommended by the Company’s stockholders and procedures
for submission by stockholders of director nominee recommendations.

appropriate circumstances, the Governance and Nominating Committee, in its discretion, will consider and may recommend the removal of
a director, in accordance with the applicable provisions of our Articles of Incorporation, as amended, and amended bylaws. If the Company
is subject to a binding obligation that requires director removal structure inconsistent with the foregoing, then the removal of a director
shall be governed by such instrument.

The Governance and Nominating Committee will oversee the evaluation
of the Board and management. It will also develop and recommend to the Board a set of corporate governance guidelines applicable to the
Company, which the Governance and Nominating Committee shall periodically review and revise as appropriate. In discharging its oversight
role, the Governance and Nominating Committee will be empowered to investigate any matter brought to its attention.

Family Relationships

There are no family relationships
among the directors and officers of the Company.

Code of Ethics

We uphold a set of basic values
to guide our actions and are committed to maintaining the highest standards of business conduct and corporate governance. Effective March
9, 2020, we adopted an Amended and Restated Code of Business Conduct and Ethics for directors, officers (including our principal executive
officer and principal financial officer) and employees, which, in conjunction with our Articles of Incorporation, as amended, and amended
by-laws form the framework for governance of the Company. A copy of the Amended and Restated Code of Business Conduct and Ethics
is included as an exhibit to the registration statement of which this prospectus forms a part.

Stockholder Communications to the Board

Stockholders who are interested
in communicating directly with members of the Board, or the Board as a group, may do so by writing directly to the individual Board member
c/o Secretary, DUKE Robotics Corp., 10 HaRimon Street, Mevo Carmel Science and Industrial Park, Israel 2069203. The Company’s Secretary
will forward communications directly to the appropriate Board member. If the correspondence is not addressed to the particular member,
the communication will be forwarded to a Board member to bring to the attention of the Board. The Company’s Secretary will review
all communications before forwarding them to the appropriate Board member.

EXECUTIVE AND DIRECTOR
COMPENSATION

Compensation of Executive Officers

The compensation of our named
executive officers is determined by our Board of Directors, with the objective of attracting and retaining qualified executives, aligning
executive compensation with our business objectives and stockholder interests, and rewarding performance and contribution to the Company.

Cash Compensation and Bonuses