Company: BNRG
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038040
Chunk: 52

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-01
Form: F-1/A
Chunk 52
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 purchase agreement or other business combination (including, without limitation,
a reorganization, 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 Series C Warrant, the holder shall have the right to receive, for each Ordinary Share underlying a
Series C 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 Series C Warrant is exercisable immediately prior to such fundamental transaction.

<div align='center'>27</div>

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 Series C Warrant from the holder by paying to the holder an amount of cash equal to the Black Scholes
Value (as defined in the Series C Warrant) of the remaining unexercised portion of the Series C 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 Series C 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