Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 47

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 47
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organization, recapitalization, spin-off, merger or scheme of arrangement) with another person or group of persons whereby
such other person or group acquires more than 50% of the outstanding Ordinary Shares or more than 50% of the voting power of our common
equity, then, upon any subsequent exercise of the Warrant, the holder shall have the right to receive, for each Ordinary Share underlying
a Warrant that would have been issuable upon such exercise immediately prior to the occurrence of such fundamental transaction, at the
option of the holder, the number of Ordinary Shares of the successor or acquiring corporation or of us, if we are the surviving corporation,
and any additional consideration, or the Alternate Consideration, receivable as a result of such fundamental transaction by a holder
of the number of Ordinary Shares for which the Warrant is exercisable immediately prior to such fundamental transaction.

Notwithstanding anything to the contrary, in the event of a fundamental transaction, we or any successor entity shall, at the holder’s
option, within thirty (30) days after, the consummation of the fundamental transaction (or, if later, the date of the public announcement
of the applicable fundamental transaction), purchase the Warrant from the holder by paying to the holder an amount of cash equal to the
Black Scholes Value (as defined in the Warrant) of the remaining unexercised portion of the Warrant on the date of the consummation of
such fundamental transaction; however, if the fundamental transaction is not within our control, including not approved by our board of
directors, then the holder shall only be entitled to receive from us or any successor entity the same type or form of consideration (and
in the same proportion), at the Black Scholes Value of the unexercised portion of the Warrant, that is being offered and paid to the holders
of our Ordinary Shares in connection with the fundamental transaction, whether that consideration be in the form of cash, stock or any
combination thereof, or whether the holders of Ordinary Shares are given the choice to receive from among alternative forms of consideration
in connection with the fundamental transaction; provided, further, that if holders of our Ordinary Shares are not offered or paid any
consideration in such fundamental transaction, such holders of Ordinary Shares will be deemed to have received Ordinary Shares of the
successor entity (which entity may be us following such fundamental transaction) in such fundamental transaction.

Pre-Funded Warrants

The following summary
of certain terms