Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 241

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 6
Chunk 241
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 a result of a breach of duty of care, but only if a provision authorizing such exculpation is included in its articles of association. Our Articles of Association include such a provision. An Israeli company may not exculpate a director from liability arising 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 pursuant to an undertaking given by the company in advance of an event or following an event, provided a provision authorizing such indemnification is contained in its articles of association:
 

•                             monetary liability imposed on him or her in favor of another person pursuant to a                           
     judgment, including a settlement or arbitrator’s award approved by a court. However, if an undertaking to indemnify an office holder 
    with respect to such liability is provided in advance, then such an undertaking must be limited to events which, in the opinion of the
      board of directors, can be foreseen based on the company’s activities when the undertaking to indemnify is given, and to an amount  
    or according to criteria determined by the board of directors as reasonable under the circumstances, and such undertaking shall detail
                                          the abovementioned foreseen events and amount or criteria;                                      
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•                                  reasonable litigation expenses, including attorneys’ fees, incurred by the office                               
    holder (i) as a result of an investigation or proceeding instituted against him or her by an authority authorized to conduct such investigation
        or proceeding, provided that (1) no indictment was filed against such office holder as a result of such investigation or proceeding; and   
        (2) no financial liability was imposed upon him or her as a substitute for the criminal proceeding as a result of such investigation or    
        proceeding or, if such financial liability (such as a criminal penalty) was imposed, it was imposed with respect to an offense that does   
                                 not require proof of criminal intent and (ii) in connection with a monetary sanction;                             
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•   a monetary liability imposed on an office holder in favor of an injured party at an Administrative Procedure
               (as defined below) pursuant to Section 52(54)(a)(1)(a) of the Israeli Securities Law;            
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•                   expenses incurred by an office holder or certain compensation payments made to an injured party that were                
    instituted against an office holder in connection with an Administrative Procedure under the Israeli Securities Law, including reasonable