Company: PGYWW
Filing Date: 2025-12-05
Form Type: S-3ASR
Source: 0000950103-25-015781
Chunk: 79

Company: Pagaya Technologies Ltd.
Filing Date: 2025-12-05
Form: S-3ASR
Chunk 79
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 public policy; and                                                            |

| · | the judgment is executory in the state in which it was given. |

Even if these conditions are met, an Israeli court
may not declare a foreign civil judgment enforceable if:

| · | the judgment was given in a state whose laws do not provide for the enforcement of judgments of Israeli courts (subject to exceptional 
 cases);                                                                                                                                |

| · | the enforcement of the judgment is likely to prejudice the sovereignty or security of the State of Israel; |

| · | the judgment was obtained by fraud; |

| · | the opportunity given to the defendant to bring its arguments and evidence before the court was not reasonable in the opinion of the 
 Israeli court;                                                                                                                       |

| · | the judgment was rendered by a court not competent to render it according to the laws of private international law as they apply in 
 Israel;                                                                                                                             |

| · | the judgment is contradictory to another judgment that was given in the same matter between the same parties and that is still valid; 
 or                                                                                                                                    |

| · | at the time the action was brought in the foreign court, a lawsuit in the same matter and between the same parties was pending before 
 a court or tribunal in Israel.                                                                                                        |

If a foreign judgment is enforced by an Israeli
court, it generally will be payable in Israeli currency, which can then be converted into non-Israeli currency and transferred out of
Israel. The usual practice in an action before an Israeli court to recover an amount in a non-Israeli currency is for the Israeli court
to issue a judgment for the equivalent amount in Israeli currency at the rate of exchange in force on the date of the judgment, but the
judgment debtor may make payment in foreign currency. Pending collection, the amount of the judgment of an Israeli court

<div align='center'>46</div>

stated in Israeli currency ordinarily will be linked
to the Israeli consumer price index plus interest at the annual statutory rate set by Israeli regulations prevailing at the time. Judgment
creditors must bear the risk of unfavorable exchange rates.

<div align='center'>47

PART II

INFORMATION NOT REQUIRED IN THE PROSPECTUS</div>

Item 14. Other Expenses of Issuance and Distribution

The following table sets forth the costs and expenses
(except any underwriting discounts and commissions and expenses) payable in connection with the offering described in the registration
statement.

|                                                   |                                  Amount 
                              to Be Paid |
| Registration fee