Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 69

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 69
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4.00 or more for three consecutive trading days. The option under the Second Amendment has expired.

As of December 31, 2022, Mr.
Avraham Brenmiller had an unpaid salary balance (in respect of prior years) in the amount of NIS 790 thousand (approximately $225 thousand).
In exchange for the above unpaid salary, on November 17, 2022, and November 23, 2022, the compensation committee and the board of directors,
respectively, approved and voted to recommend that the shareholders approve to convert the unpaid salary into equity under the terms of
the November 2022 definitive securities purchase agreements, as described above, respectively, except the exercise period as described
below. Accordingly, on January 24, 2023, our shareholders approved the conversion, and we granted Mr. Brenmiller 14,822 units, consisting
of 14,822 Ordinary Shares and 14,822 associated warrants, at a price of NIS 53.3 (approximately $15.5) per each issued unit, based on
an exchange rate of NIS/USD 3.438 published on November 28, 2022 (the exchange rate on the day prior to the signing of the 2022 Private
Placement). Each warrant is exercisable into one Ordinary Share subject to payment of exercise price of NIS 61.3 (approximately $17.8)
per warrant and has a term of two (2) years as of the issuance date of the warrants for Mr. Brenmiller. These warrants expired on January
24, 2025

During 2023 and during 2024
the board of directors approved the issuance of up to 16,645 and up to 110,471 restricted shares respectively to certain service providers,
of which 9,157 Ordinary Shares were issued in 2023 and an additional 115,635 Ordinary Shares were issued in 2024.

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Item 8. Exhibits and Financial Statement Schedules

Exhibits:

| Exhibit 
 Number  |     | Exhibit Description                                                                                                                                                                                                                                                                                                                                              |
| 1.1**   |     | Form of Placement Agency Agreement                                                                                                                                                                                                                                                                                                                               |
| 3.1     |     | Amended and Restated Articles of Association of Brenmiller Energy Ltd. (incorporated herein by reference to Exhibit 99.1 to our Report of Foreign Private Issuer on form 6-K (File No