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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to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. In addition, a Nevada corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor (i.e., a “derivative proceeding”), by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys’ fees actually and reasonably incurred by him or her in connection with the defense or settlement of the action or suit if he:

●	Is not liable under Section 78.138 of the Nevada Revised Statute for breach of his or her fiduciary duties to the corporation; or

●	Acted in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation.

Under Nevada law, indemnification
may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after
exhaustion of all appeals therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and
only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction determines upon application
that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the
court deems proper.

To the extent that a director,
officer, employee or agent of a corporation has been successful on the merits or otherwise in defense of any non-derivative proceeding
or any derivative proceeding, or in defense of any claim, issue or matter therein, the corporation is obligated to indemnify him or her
against expenses, including attorneys’ fees, actually and reasonably incurred in connection with the defense.

Further, Nevada law permits
a Nevada corporation to purchase and maintain insurance or to make other financial arrangements on behalf of any person who is or was
a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted against him
or her and liability and expenses incurred by him or her in his or her capacity as a director, officer, employee or agent, or arising
out of his or her status as such, whether or not the corporation has the authority to indemnify him or her against such liability and
expenses.

Under our articles of incorporation,
as amended, the liability of our officers and directors will be eliminated or limited to the fullest extent permitted by Nevada law. If
Nevada law is amended to further eliminate or limit, or authorize further corporate action to further eliminate or limit, the liability
of officers and directors, the liability of officers and directors shall be eliminated or limited to the fullest extent permitted by Nevada
law then in effect.

The Company has entered into
indemnification agreements with its officers and directors pursuant to which the Company agrees to indemnify said officer or director,
to the fullest extent permitted by Nevada law, against any and all losses resulting from any claims relating to the fact that he or she
is or was a director, officer, employee, or agent of the Company. The indemnitee will be fully indemnified for any claims (i) to the extent
that he or she was successful on the merits in defense of said claims in a court of law; or (ii) to the extent that he or she is serving
as a witness and not as a party, in connection with said claim. If items (i) and (ii) do not apply, the Company will indemnify its directors
and officers for any losses resulting from any claims, so long as they have complied with the applicable standard of conduct under Nevada
law as determined by (i) a majority vote of disinterested directors; or (ii) the written opinion of independent counsel, as applicable.
The indemnification agreement also provides the officer or director with the right to request that we advance their expenses prior to
final disposition of the claim so long as they execute an undertaking to repay all advances in the event that a Nevada court ultimately
determines that they were not entitled indemnification. The officer or director is required under the indemnification agreement to give
us notice in writing of a claim as soon as practicable and we are not responsible to provide indemnification if we were not given a reasonable
and timely opportunity to participate in the defense of the claim at our own expense.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company pursuant
to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC this indemnification is against public
policy as expressed in the Securities Act and is therefore unenforceable.

The Company plans to enter
into an underwriting agreement in connection with this offering that provides that the underwriters are obligated, under some circumstances,
to indemnify the Company’s directors, officers and controlling persons against specified liabilities, including liabilities under
the Securities Act.

Item 15. Recent Sales of Unregistered Securities

In the three (3) years preceding
the filing of this registration statement, we have issued the following securities that were not registered under the Securities Act.
The information provided below does not give effect to the proposed reverse stock split described in the accompanying prospectus.

On May 11, 2021, we issued 12,500,000 shares of common stock and warrants
to purchase 12,500,000 shares of common stock to eight non-U.S. investors, for aggregate gross proceeds of approximately $5,000,000. The
warrants were exercisable immediately for a term of 18 months at an exercise price of $0.40 per share.

We also issued to a non-U.S.
service provider option to purchase units (each consisting of one share and one warrant) equal to 6% of the investment amount received,
resulting in options exercisable for units including 3,000,000 warrants.

On April 5, 2022, and November
1, 2023, we extended the expiration dates of the warrants issued in the private placement.

On June 20, 2024, we amended the warrants
to extend their expiration date to May 11, 2026, increase their exercise price from $0.40 to $0.65 per share, and added a 19.99% beneficial
ownership blocker. These amendments did not involve the issuance of new securities.

The securities described in
this section were issued to investors in reliance upon the exemption from the registration requirements of the Securities Act, as set
forth in Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder relative to transactions by an issuer not involving
any public offering, to the extent an exemption from such registration was required. The recipients of the securities in the transactions
described above acquired the securities for their own account for investment purposes only and not with a view to, or for sale in connection
with, any distribution thereof. Appropriate legends were affixed to the instruments representing such securities issued in such transactions.

Item 16. Exhibits and Financial Statement Schedules

(a) See the Exhibit Index
on the page immediately preceding the signature page hereto for a list of exhibits filed as part of this registration statement on Form
S-1, which Exhibit Index is incorporated herein by reference.

(b) No financial statement
schedules are provided because the information called for is not required or is shown either in the financial statements or the notes
thereto.

Item 17. Undertakings

(a)	The undersigned registrant hereby undertakes:

(1)	To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i)	To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”);