Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 41

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 41
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 (iii) a financial liability imposed on the office holder in favor
of a third party; (iv) a financial liability imposed on the office holder in favor of a third party harmed by a breach in an administrative
proceeding; and (v) reasonable litigation expenses, including attorneys’ fees, incurred by the office holder as a result of an administrative
proceeding instituted against him or her.

An Israeli company may not indemnify or insure an office holder
against any of the following: (i) a breach of the duty of loyalty, except 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 committed intentionally
or recklessly, excluding a breach arising out of the negligent conduct of the office holder; (iii) an act or omission committed with intent
to derive illegal personal benefit; or (iv) a fine or forfeit levied against the office holder.

Under the Companies Law, exculpation, indemnification and insurance
of office holders must be approved by the compensation and nominating committee and the board of directors and, with respect to directors
and our Chief Executive Officer, also by our shareholders (in the case of our Chief Executive Officer, by a special majority, as described
above under “ - Approval of Related Party Transactions under Israeli Law - Disclosure of Personal Interests of an Officer
Holder and Approval of Certain Transactions”, unless an applicable exemption applies).

Our articles of association allow us to indemnify and insure our
office holders for any liability imposed on them as a consequence of an act which was performed by virtue of being an office holder. Our
shareholders have approved an amendment to our articles of association that extends such indemnification and insurance to cover omissions
by our office holders (in their role as such) as well. Our office holders are currently covered by a directors’ and officers’
insurance policy.

We have entered into agreements with each of our directors and
executive officers. Each such agreement exculpates our director or officer, to the fullest extent permitted by law, from liability to
us for damages caused to us as a result of a breach of duty of care and undertaking to indemnify them to the fullest extent permitted
by law. This indemnification is limited to events determined as foreseeable by the board of directors based on our activities, and to
an amount or according to criteria determined by the board of directors as reasonable under the