Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 168

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 16G
Chunk 168
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 private issuer, we are generally exempt from the SEC’s proxy solicitation rules.              
●   Shareholder                                                                                                                              
    approval. We seek shareholder approval for all corporate actions requiring such approval under the requirements of the Companies         
    Law, rather than seeking approval for corporate actions in accordance with Nasdaq Listing Rule 5635. In particular, under this Nasdaq    
    Listing Rule, shareholder approval is generally required for: (i) an acquisition of shares or assets of another company that involves    
    the issuance of 20% or more of the acquirer’s shares or voting rights or if a director, officer or 5% shareholder has greater            
    than a 5% interest in the target company or the consideration to be received; (ii) the issuance of shares leading to a change of         
    control; (iii) adoption or amendment of equity compensation arrangements; and (iv) issuances of 20% or more of the shares or voting      
    rights (including securities convertible into, or exercisable for, equity) of a listed company via a private placement (or via sales     
    by directors, officers or 5% shareholders) if such equity is issued (or sold) at below a minimum price. By contrast, under the Companies 
    Law, shareholder approval is required (subject to certain limited exceptions) for, among other things: (a) transactions with directors   
    concerning the terms of their service (including indemnification, exemption, and insurance for their service or for any other position   
    that they may hold at a company), for which approvals of the compensation committee, board of directors, and shareholders are all        
    required; (b) extraordinary transactions with controlling shareholders of publicly held companies, which require the by the company’s    
    shareholders Special Majority; (c) terms of office and employment or other engagement of our controlling shareholder, if any, or         
    such controlling shareholder’s relative, which require the approval by the company’s shareholders Special Majority; (d)                  
    approval of transactions with Company’s Chief Executive Officer with respect to his or hers compensation, whether in accordance          
    with the approved compensation policy of the Company or not in accordance with the approved compensation policy of the Company, or       
    transactions with officers of the Company not in accordance with the approved compensation policy; and (e) approval of the compensation  
    policy of the Company for office holders. In addition, under the Companies Law, a merger requires approval of the shareholders of        
    each of the merging companies.