Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 13

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 13
---
 is defined as an enterprise that is held by an Industrial Company whose principal activity in a given tax year is industrial
production.

77

The following tax benefits, among others, are available to Industrial
Companies:

  amortization over an eight-year period of the cost of purchased know-how and patents and rights to use a patent and know-how which          
  were purchased in good faith and are used for the development or advancement of the Industrial Enterprise, commencing in the year in which  
  such rights were first exercised;                                                                                                           
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  under limited conditions, an election to file consolidated tax returns together with Israeli Industrial Companies controlled by it;  

  expenses related to a public offering are deductible in equal amounts over a three-year period, commencing in the year of the offering.  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Eligibility for benefits under the Industry Encouragement Law is
not contingent upon the approval of any governmental authority. We believe that we currently qualify as an Industrial Company within the
meaning of the Industry Encouragement Law. There can be no assurance that we will continue to qualify as an Industrial Company or that
the benefits described above will be available in the future.

Law for the Encouragement of Capital Investments,
5719-1959

The Law for the Encouragement of Capital Investments, 5719-1959,
generally referred to as the Investment Law, provides certain incentives for capital investments in production facilities (or other eligible
assets) by “ Industrial Enterprises” (as defined under the Investment Law).

The Investment Law was significantly amended effective April 1,
2005 (which we refer to as the 2005 Amendment), further amended as of January 1, 2011 (which we refer to as the 2011 Amendment) and
further amended as of January 1, 2017 (which we refer to as the 2017 Amendment). Pursuant to the 2005 Amendment, tax benefits granted
in accordance with the provisions of the Investment Law prior to its revision by the 2005 Amendment remain in force but any benefits granted
subsequently are subject to the provisions of the 2005 Amendment. Similarly, the 2011 Amendment introduced new benefits to replace those
granted in accordance with the provisions of the Investment Law in effect prior to the 2011 Amendment. However,