Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 30

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 30
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 general meeting, or upon the occurrence of certain events,
in accordance with the Companies Law and our articles of association. The duration of service of each of our current directors can be
found in their respective biographies in Item 6. A. above.

In addition, under our articles of association, our board of directors
may appoint directors to fill vacancies or as new directors for a term of office that lasts until the next annual meeting of our shareholders.
In the event of a vacancy resulting in the board consisting of less than the minimum number of directors required by our articles of association,
our board of directors may only act in order to convene a general meeting of our shareholders for the purpose of electing such additional
number of directors.

Pursuant to the terms of a put option agreement we entered into
with Monsanto (now Bayer) in October 2013, Monsanto has the right to nominate a non-voting observer to our board of directors so long
as Monsanto holds at least 5% of our voting rights. In addition, pursuant to a share purchase agreement we entered into with Bayer in
December 2010 and as amended in June 2013, Bayer also has the right to appoint one observer to our board of directors so long as Bayer
holds at least 3% of our issued and outstanding shares. In each case, the observer is entitled to be advised reasonably in advance of
board meetings and is to receive copies of all material distributed in connection with such meetings. The observer would not have any
voting rights. To our knowledge, as of the date of this report, Monsanto and Bayer hold less than the percentage required for the purpose
of appointing an observer, and as of the date of this Annual Report, neither Monsanto nor Bayer has appointed an observer.

Chairperson of the Board

Our articles of association provide that the chairperson of the
board is appointed by the members of the board of directors and serves as chairperson of the board throughout his term as a director,
unless resolved otherwise by the board of directors. Under the Companies Law, the general manager (i. e., the Chief Executive Officer)
or a relative of the general manager may not serve as the chairperson of the board of directors, and the chairperson or a relative of
the chairperson may not be vested with authorities of the general manager, in each case without shareholder approval consisting of a majority
vote of the shares present and voting at a shareholders meeting, provided that either:

  such majority includes at least 2/