Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 65

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 65
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 indemnification, as reflected in our most recent financial
statements (annual or quarterly) prior to the date on which the indemnity payment is made. The maximum amount set forth in such letters
is in addition to any amount paid (if paid) under insurance and/or by a third party pursuant to an indemnification arrangement.

In the opinion of the SEC,
indemnification of directors and officeholders for liabilities arising under the Securities Act, however, is against public policy and
therefore unenforceable.

Exemption

Under the Companies Law, an
Israeli company may not exempt an officeholder from liability for a breach of his or her duty of loyalty, but may exempt in advance an
officeholder from his or her liability to the company, in whole or in part, for damages caused to the company as a result of a breach
of his or her duty of care (other than in relation to distributions), but only if a provision authorizing such exemption is included in
its articles of association. Our amended and restated articles of association provide that we may exempt , in whole or in part, any officeholder
from liability to us for damages caused to the company as a result of a breach of his or her duty of care. Subject to the aforesaid limitations,
under the indemnification agreements, we exempt and release our officeholders from any and all liability to us related to any breach by
them of their duty of care to us to the fullest extent permitted by law.

Indemnification and exemption
letters were granted to each of our officeholders and were approved for any future officeholders.

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Limitations

The Companies Law provides
that we may not exempt or indemnify an officeholder nor enter into an insurance contract that would provide coverage for any liability
incurred as a result of any of the following: (1) a breach by the officeholder of his or her duty of loyalty unless (in the case of indemnity
or insurance only, but not exemption) the officeholder acted in good faith and had a reasonable basis to believe that the act would not
prejudice us; (2) a breach by the officeholder of his or her duty of care if the breach was carried out intentionally or recklessly (as
opposed to merely negligently); (3) an act committed with the intention of making a personal profit unlawfully; or (4) any fine, monetary
sanction, penalty or forfeit lev