Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 52

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 52
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 the Research Law and
related regulations.

These restrictions may impair
our ability to outsource manufacturing, engage in change of control transactions or otherwise transfer our know-how outside Israel and
may require us to obtain the approval of the IIA for certain actions and transactions and pay additional royalties to the IIA. In particular,
any change of control and any change of ownership of our Ordinary Shares that would make a non-Israeli citizen or resident an “interested
party,” as defined in the Research Law, requires a prior written notice to the IIA in addition to any payment that may be required
of us for transfer of manufacturing or know-how outside Israel. If we fail to comply with the Research Law, we may be subject to criminal
charges or liable to the mandatory repayment of grants received by us (together with interest and penalties).

The Research Law defines an
“interested party” as a non-Israeli citizen or resident who holds 5% or more of the shares or voting rights of the Company.
Section 47B of the Research Law empowers the IIA to impose financial sanctions on the Company for failure to provide the required prior
notification if such notification is not filed within 45 days following the Company’s receipt of a written notice from the IIA of
the Company’s failure to provide such notification or for the Company’s failure to provide the IIA with any requested information.
Such financial sanctions range from NIS 6,000 (approximately $1,650) for the Company’s failure to provide the required notice of
an investor becoming an “interested party” and NIS 24,000 (approximately $6,600) for the Company’s failure to provide
the IIA with such requested information. While persons becoming interested parties are also required to provide prior notice to the IIA,
the Research Law does not contain provisions empowering the IIA to impose sanctions or other penalties on persons who fail to provide
the required notification to the IIA. Other than providing the required notification prior to becoming an “interested party”,
such persons do not have any ongoing obligations under the Research Law and are not required to provide the Company with any citizenship
or residency information in connection with the IIA notification. Therefore, we believe that no direct material risk exists to investors
from non-compliance with the notification obligations under the Research Law.

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The Company will provide the
IIA with prior written notice in connection with any change of control event and any change of ownership of the Ordinary Shares