Company: BWAY
Filing Date: 2025-04-22
Form Type: F-3
Source: 0001171843-25-002378
Chunk: 17

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: F-3
Chunk 17
---
. Each appointed director, other than external directors, if any, shall
serve as a member of our board of directors until the next annual general meeting. The term of a director shall terminate at the next
annual general meeting, unless he or she is reelected at the annual general meeting. Pursuant to our articles of association, the vote
required to appoint a director is a simple majority vote of holders of our voting shares participating and voting at the relevant meeting.

Dividend and Liquidation Rights. Our profits,
in respect of which a resolution was passed to distribute them as a dividend or bonus shares, are to be paid pro rata to the amount paid
or credited as paid on account of the nominal value of shares held by the shareholders. In the event of our liquidation, the liquidator
may, with the general meeting’s approval, distribute parts of our property in specie pro rata to the amount paid or credited as
paid on account of the nominal value of shares held by the shareholders and he may, with similar approval, deposit any part of our property
with trustees in favor of the shareholders as the liquidator, with the approval mentioned above deems fit.

Voting, Shareholders’ Meetings and Resolutions.
Our articles of association provide that all resolutions of our shareholders require a simple majority vote, unless otherwise required
by the Israeli Companies Law. The Ordinary Shares all have equal voting rights.

Under the Israeli Companies Law, certain transactions
with controlling shareholders and approvals in connection with compensation terms of the directors and certain officers require, among
other approvals, the approval of the shareholders by a special majority. For more information see “Item 6. Directors, Senior Management
and Employees – C. Board Practices” in our annual report on Form 20-F. Under our articles of association, any change to the
rights and privileges of the holders of any class of our shares requires a simple majority of the class so affected. Another exception
to the simple majority vote requirement is a resolution for the voluntary winding up, or an approval of a scheme of arrangement or reorganization,
of the company pursuant to Section 350 of the Israeli Companies Law, which requires the approval of holders of 75% of the voting rights
represented at the meeting, in person, by proxy or by voting deed and voting on the resolution.

Allotment of Shares. Our board of directors
generally has the power to allot or to issue shares to any person, with restrictions and conditions as it deems fit.

Acquisitions