Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 40

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 40
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 publicly traded, including Israeli companies
with shares listed on the Nasdaq, are required to appoint at least two external directors who meet the qualification requirements set
forth in the Companies Law. The definitions of an external director under the Companies Law and independent director under Nasdaq Stock
Market rules are similar such that it would generally be expected that the external directors will also comply with the independence
requirement under Nasdaq Stock Market rules.

Under the Exemptions Regulations,
the board of directors of a company such as us is not required to have external directors if: (i) the company does not have a controlling
shareholder (as such term is defined in the Companies Law); (ii) a majority of the directors serving on the board of directors are “independent,”
as defined under Nasdaq Rule 5605(a)(2); and (iii) the company complies with the laws of the foreign country and as they apply to companies
incorporated in that country (as such term is defined under the Exemptions Regulations) and follows Nasdaq rules regarding the appointment
of independent directors and the composition of the audit and compensation committees. The Company meets all these requirements. On May
21, 2025, our board of directors resolved to adopt the corporate governance exemption set forth above, and accordingly we no longer have
external directors as members of our board of directors.

Annual and Special Meetings

Under the Companies Law,
we are required to hold an annual general meeting of our shareholders once every calendar year, at such time and place which shall be
determined by our board of directors, that must be held no later than 15 months after the date of the previous annual general meeting.
All general meetings other than the annual meeting of shareholders are referred to in our amended and restated articles of association
as special meetings. Our board of directors may call special meetings whenever it sees fit, at such time and place, as it may determine.
In addition, the Companies Law provides that our board of directors is required to convene a special meeting upon the written request
of (i) any two of our directors or such number of directors equal to one-quarter of the members of the directors then at office and/or
(ii) one or more shareholders holding, in the aggregate, either (a) five percent (5%) or more of our outstanding issued shares and one
percent (1%) or more of our outstanding voting power or (b) five percent (5%) or more of our outstanding voting power, or the Non