Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 30

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 30
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 forum provisions in our Bylaws.
It is possible that a court of law could rule that the choice of forum provision contained in our Bylaws is inapplicable or unenforceable
if it is challenged in a proceeding or otherwise.

Virginia Anti-takeover Statutes

Affiliated transactions statute. The VSCA
contains provisions governing affiliated transactions. In general, these provisions prohibit a Virginia corporation from engaging in affiliated
transactions (as defined in the VSCA) with any interested shareholder, defined to include any holder of more than 10 percent of any class
of its outstanding voting shares, unless a majority of (but not fewer than two) disinterested directors of the corporation and the holders
of two-thirds of the voting shares, other than the shares beneficially owned by the interested shareholder, approve the affiliated transaction,
subject to certain exceptions.

Affiliated transactions subject to this approval
requirement include mergers, share exchanges, material dispositions of corporate assets not in the ordinary course of business, any dissolution
of the corporation proposed by or on behalf of an interested shareholder or any reclassification, including reverse stock splits, recapitalizations
or mergers of the corporation with its subsidiaries, which increases the percentage of voting shares owned beneficially by an interested
shareholder by more than five percent.

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Virginia law permits a corporation to exempt itself
from this statutory provision by placing a statement to that effect in its Articles of Incorporation. Our Articles of Incorporation do
not specifically address the Virginia statute regarding affiliated transactions; therefore, we are subject to this provision.

Control share acquisitions statute. Virginia
law also contains provisions relating to control share acquisitions, which are transactions causing the voting strength of any person
acquiring beneficial ownership of shares of a Virginia public corporation to meet or exceed certain threshold percentages (20 percent,
331/3 percent or 50 percent) of the total votes entitled to be cast for the election of directors. Shares acquired in a control share
acquisition have no voting rights unless:

| · | the voting rights are granted by a majority vote of all outstanding shares entitled to vote in the election of directors, other than 
 those held by the acquiring person or any officer or employee director of the corporation; or                                        |

| · | the Articles of Incorporation or Bylaws of the Company provide that these Virginia law provisions do not apply to acquisitions of 
 its shares.                                                                                                                       |

The acquiring person may require that a special
meeting of the shareholders be held within