Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 40

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 40
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 to the same extent as U. S. tax law. With respect to mergers, Israeli tax law allows for tax deferral in certain circumstances
but makes the deferral contingent on the fulfillment of a number of conditions, including, in some cases, a holding period of two years
from the date of the transaction during which sales and dispositions of shares of the participating companies are subject to certain restrictions.
Moreover, with respect to certain share swap transactions, the tax deferral is limited in time, and when such time expires, the tax becomes
payable even if no disposition of the shares has occurred.

In
addition, in accordance with the Restrictive Trade Practices Law, 1988, and the R& D Law, to which we are subject due to our receipt
of grants from the IIA and the Ministry of Energy, a change in control in the Company (such as a merger or similar transaction) may be
subject to certain regulatory approvals in certain circumstances.

As
a corporation incorporated under the laws of the State of Israel, we are also subject to the Israeli Economic Competition Law, 1988 and
the regulations promulgated thereunder (formerly known as the Israeli Antitrust Law, 1988), under which we may be required in certain
circumstances to obtain the approval of the Israel Competition Authority (formerly known as the Israel Antitrust Authority) in order to
consummate a merger or a sale of all or substantially all of our assets.

These
provisions of Israeli law could have the effect of delaying or preventing a change in control and may make it more difficult for a third
party to acquire us, or for our shareholders to elect different individuals to our board of directors, even if doing so would be beneficial
to our shareholders, and may also limit the price that investors may be willing to pay in the future for our Ordinary Shares.

It may be difficult
to enforce a judgment of a U. S. court against us and our executive officers and directors and the Israeli experts named in this annual
report in Israel or the United States, to assert U. S. securities laws claims in Israel or to serve process on our executive officers and
directors and these experts.

We
were incorporated in Israel. All of our executive officers and directors reside outside of the United States and all of our assets and
most of the assets of these persons are located outside of the United States. Therefore, a judgment obtained against us, or any of these
persons, including a judgment based