Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 109

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 109
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-product.

Casterra Agreements with
ENI and its Affiliate

On November 14, 2022, our subsidiary, Casterra, entered into an
agreement with an affiliate of ENI, whereby Casterra will provide its unique castor varieties and its broad know-how in cultivation of
castor at a commercial scale for biofuel production. Under the framework of the agreement, the initial focus is the purchase agreement
of castor seed varieties from Casterra for growing castor in specific African territories and the provision of technical support. The
agreement also allows for the potential for long-term cooperation in castor cultivation between this customer and Casterra, with the potential
for expansion into additional territories on the African continent. In November 2023, the agreement was extended until November 1, 2024.

On June 21, 2023, Casterra announced that it entered into a framework
agreement to sell seeds of its proprietary castor varieties to ENI for cultivation in specific African territories at a commercial scale
for biofuel production. Pursuant to this agreement Casterra received, an order totaling $9.1 million in June 2023. In June 2023, Casterra
received an additional order totaling approximately $2.2 million for the supply of castor seeds.

On June 25, 2024, Casterra announced the receipt of an additional
purchase order valued at approximately $440 thousand.

During 2023, Casterra supplied approximately 90 tons of seeds.
During 2024, Casterra supplied approximately 215 tons of seeds. Commencing in January 2025 and until the date of this Annual Report, Casterra
supplied additional approximately 250 tons of seeds. This reflects solving the bottleneck in seed production Casterra previously faced,
that caused a delay in the delivery schedule and consequent price adjustments.

Casterra is currently negotiating with ENI to supply additional
approximately 234 tons of seeds, in lieu of expired previous orders from 2023.

Lavie Bio Licensing Agreement for Bio-Fungicides
with Corteva Agriscience

On July 14, 2023, Lavie Bio entered into a licensing agreement
with Corteva Inc. This agreement grants Corteva perpetual, exclusive rights (subject to reaching certain commercial milestones) to
further develop and commercialize the lead bio-fungicide candidates targeting fruit rots and powdery mildew, which were discovered and
developed by Lavie Bio. According to the agreement,