Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 40

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 40
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 the following conditions are met: (i) the
securities issued amount to 20% or more of the company’s outstanding voting rights before the issuance; (ii) some or all of the
consideration is other than cash or listed securities or the transaction is not on market terms; and (iii) the transaction will increase
the relative holdings of a shareholder who holds 5% or more of the company’s outstanding share capital or voting rights, or will
cause any person to become, as a result of the issuance, a holder of more than 5% of the company’s outstanding share capital or
voting rights.

Exculpation, Insurance and Indemnification
of Office Holders

Under the Companies Law, a company may not exculpate an office
holder from liability for a breach of the duty of loyalty. An Israeli company may exculpate an office holder in advance from liability
to the company, in whole or in part, for damages caused to the company as 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 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;