Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 152

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 152
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 the office                                                                

  a monetary liability imposed on an office holder in favor of an injured party at an Administrative Procedure  

  expenses incurred by an office holder or certain compensation payments made to an injured party that were                                  

  reasonable litigation expenses, including attorneys’ fees, incurred by the office                                                             

An “ Administrative Procedure” is defined as a procedure
pursuant to chapters H3 (Monetary Sanction by the Israeli Securities Authority), H4 (Administrative Enforcement Procedures of the Administrative
Enforcement Committee) or I1 (Arrangement to prevent Procedures or Interruption of procedures subject to conditions) to the Israeli Securities
Law, which may result in sanctions, including monetary sanctions and certain restrictions on serving as a director or senior officer of
a public company for certain periods of time.

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:

  a breach of duty of loyalty to the company, provided that the office holder acted in good faith and had  

  a breach of duty of care to the company or to a third party, including a breach arising out of the negligent  

  a financial liability imposed on the office holder in favor of a third party;  

  a monetary liability imposed on the office holder in favor of an injured party in an Administrative Procedure  

  expenses, including reasonable litigation expenses and reasonable attorneys’ fees, incurred by an                                         

An Israeli company may not indemnify, exculpate or insure an office
holder against any of the following, and any provision in a company’s articles of association which allows for any of the following
is invalid:

  a breach of duty of loyalty, except for indemnification and insurance for a breach of the duty of loyalty                                       

  a breach of duty of care committed intentionally or recklessly, excluding a breach arising out of the negligent  

  an act or omission committed with intent to derive illegal personal benefit; or  

  a fine, monetary sanction or forfeit levied against the office holder.  

85

Under the Companies Law and the regulations promulgated thereunder,
exculpation, indemnification and insurance of office holders must be approved by the compensation committee and the board of directors
and, with respect to the chief executive officer and a director, also by the shareholders. See “ - Approval of Related
Party Transactions under Israeli Law.” However, under regulations promulgated under the Companies Law, the insurance of office