Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 157

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 157
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 out of a prohibited dividend or distribution to shareholders.

An Israeli company may indemnify an office holder in respect of
the following liabilities and expenses incurred for acts performed as an office holder, either in advance of an event or following an
event, provided a provision authorizing such indemnification is contained in its articles of association:

  financial liability imposed on him or her in favor of another person pursuant to a judgment, settlement or arbitrator’s award              

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  reasonable litigation expenses, including attorneys’ fees, incurred by the office holder as a result of an investigation or                   

  reasonable litigation expenses, including attorneys’ fees, incurred by the office holder or imposed by a court in proceedings            

An Israeli company may insure an office holder against the following
liabilities incurred for acts performed as an office holder if and to the extent provided in the company’s articles of association:
(i) a breach of the duty of loyalty to the company, to the extent that the office holder acted in good faith and had a reasonable basis
to believe that the act would not prejudice the company; (ii) a breach of the duty of care to the company or to a third party, including
a breach arising out of the negligent conduct of the office holder; (iii) a financial liability imposed on the office holder in favor
of a third party; (iv) a financial liability imposed on the office holder in favor of a third party harmed by a breach in an administrative
proceeding; and (v) reasonable litigation expenses, including attorneys’ fees, incurred by the office holder as a result of an administrative
proceeding instituted against him or her.

An Israeli company may not indemnify or insure an office holder
against any of the following: (i) a breach of the duty of loyalty, except to the extent that the office holder acted in good faith and
had a reasonable basis to believe that the act would not prejudice the company; (ii) a breach of the duty of care committed intentionally
or recklessly, excluding a breach arising out of the negligent conduct of the office holder; (iii) an act or omission committed with intent
to derive illegal personal benefit; or (iv) a fine or forfeit levied against the office holder.

Under the Companies Law, exculpation, indemnification and insurance
of office holders must be approved by the compensation and nominating committee and the board of directors and, with respect to directors
and our Chief Executive Officer, also by our shareholders (in the case of our