Company: BWAY
Filing Date: 2025-05-01
Form Type: 424B3
Source: 0001171843-25-002668
Chunk: 13

Company: Brainsway Ltd.
Filing Date: 2025-05-01
Form: 424B3
Chunk 13
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 document of the Company.

Shareholders Meetings. Under Israeli law, we
are required to hold an annual general meeting of our shareholders once every calendar year that must be held no later than 15 months
after the date of the previous annual general meeting. All general meetings other than the annual meeting of shareholders are referred
to in our articles of association as special meetings. In accordance with our articles of association and the Israeli Companies Law, our
board of directors may call special meetings whenever it sees fit, at such time and place, within or outside of Israel, as it may determine.
In addition, the Israeli Companies Law and regulations promulgated thereunder provide that our board of directors is required to convene
a special meeting upon the written request of (i) any two of our directors or one-quarter of the members of our board of directors
or (ii) one or more shareholders holding, in the aggregate, either (a) 10% or more of our outstanding issued shares and 1% or
more of our outstanding voting power or (b) 10% or more of our outstanding voting power. This is different from the Delaware General
Corporation Law, or the DGCL, which allows such right of shareholders to be denied by a provision in a company’s certificate of
incorporation.

Under Israeli law, one or more shareholders holding
at least 5% of the voting rights at a general meeting of shareholders may request that our board of directors include a proposal that
relates to the election or removal of a director in the agenda of a general meeting of shareholders to be convened in the future. One
or more shareholders holding at least 1% of the voting rights at the general meeting may request that the board of directors include a
matter in the agenda of a general meeting to be convened in the future, provided that it is appropriate to discuss such any other matter
at the general meeting.

Subject to the provisions of the Israeli Companies
Law and the regulations promulgated thereunder, shareholders entitled to participate and vote at general meetings are the shareholders
of record on a date to be decided by the board of directors, which may generally be between four and forty days prior to the date
of the meeting. Furthermore, the Israeli Companies Law requires, inter alia, that resolutions regarding the following matters must
be passed at a general meeting of our shareholders:

| ● | amendments to our articles of association; |

| ● | appointment or termination of our auditors; |

| ● |