Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 120

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 120
---
 to apply the
program retroactively from August 2023. As of December 31, 2024, Lavie Bio received approximately $78 thousand for marketing expenses
in Canada incurred until December 31, 2024.

In 2020, AgPlenus obtained IIA approval to receive a grant
for its first-year program for development of novel herbicides. The total approved budget was NIS 3.1 million (approximately $1.0
million).

We entered into agreements with certain of our Israeli subsidiaries
in the framework of which they were granted permission to use our technology and related know how, which was funded by the IIA. Evogene
remains responsible to the IIA for the obligations regarding such IIA funding.

BIRD Grants

We have received two BIRD grants, covering the following programs:
(i) a joint development program with DuPont-Pioneer (now Corteva) of research and development improvements to soybean rust resistance,
which the Company has repaid in full; and (ii) a joint research and development program with Marrone Bio Innovations, or MBI, for discovery
of novel modes of biological action for insect control, which the Company has decided to withdraw from.

Under the MBI BIRD program, the grant for the joint development
will be repaid: (a) from revenues received for the licensing of products developed under the project; (b) from revenues generated from
sales of products developed under the project; (c) from proceeds received from the outright sale of the technology developed under the
project; (d) if we and our partner have concluded the development of a product within the period of development defined under each of
the programs; or (e) if within 60 months from the original grant date we and MBI did not conclude the development of a product but nevertheless
decide to continue the project. In each such case, the repayment will be in an amount of up to 150% of the total grant received, depending
on the timing of the repayment.

73

CIIRDF Grant

The CIIRDF grant that we have received was also provided to us
as part of a previous joint project of ours with Saskatchewan Wheat Pool Inc., operating under the name of Viterra, to develop canola
with improved yield and abiotic stress tolerance. This grant will be repaid from income resulting from the commercialization of a product
developed pursuant to the grant project, at a rate of 2.5% of royalties