Company: BWAY
Filing Date: 2025-04-22
Form Type: F-3
Source: 0001171843-25-002378
Chunk: 38

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: F-3
Chunk 38
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 actually paid, and (2) $20 million. Such indemnification is in addition to any insurance amounts. However, in the opinion of the SEC,
indemnification of office holders for liabilities arising under the Securities Act is against public policy and therefore unenforceable.

| II-2 |

Item 9. Exhibits

The index to exhibits appears below on the page immediately
preceding the signature pages of this registration statement.

Item 10. Undertakings

| (1) | The undersigned registrant hereby undertakes: |

(a) to file, during any period in which offers or
sales are being made, a post-effective amendment to this Registration Statement:

| (i) | to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, or the Securities Act; |

| (ii) | to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Filing Fee Tables” or “Calculation of Registration Fee” table, as applicable, in the effective registration statement; and |

| (iii) | to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in this Registration Statement; |

provided, however, that paragraphs (i), (ii) and (iii) above
do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed
with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934,
or the Exchange Act, that are incorporated by reference in this Registration Statement or is contained in a form of prospectus filed pursuant
to Rule 424(b) that is part of the Registration Statement.

(b) that