Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 51

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 51
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 total capacity or when the company received an advance approval to manufacture
abroad in the framework of its IIA grant application. For applications to manufacture abroad submitted to the IIA after October 25, 2023,
the maximum increased payment has been reduced to 150% of the IIA grants, plus interest accrued thereon, from 300% plus interest accrued
thereon.

The know-how developed within
the framework of the IIA plan may not be transferred to parties outside Israel without the prior approval of a governmental committee
charted under the Research Law. The approval, however, is not required for the export of any products developed using grants received
from the IIA. The IIA approval to transfer know-how created, in whole or in part, in connection with an IIA-funded project to a party
outside Israel where the transferring company remains an operating Israeli entity is subject to payment of a redemption fee to the IIA
calculated according to a formula provided under the Research Law that is based, in general, on the ratio between the aggregate IIA grants
to the company’s aggregate investments in the project that was funded by these IIA grants, multiplied by the transaction consideration,
or the Basic Account. The transfer of such know-how to a party outside Israel where the transferring company ceases to exist as an Israeli
entity is subject to a redemption fee formula that is based, in general, on the ratio between the aggregate IIA grants received by the
company and the company’s aggregate research & development expenses, multiplied by the transaction consideration. The maximum
amount payable to the IIA in case of transfer of know-how outside Israel shall not exceed six times the value of the grants received plus
interest minus the royalties paid, with a possibility to reduce such payment to up to three times the value of the grants received plus
interest if it is demonstrated, to the satisfaction of the IIA, that the recipient of the know-how will keep at least 75% of the research
& development activity in Israel for a period of three years after payment to the IIA and retain at least 75% of the research and
development employees who were at the Company at least 6 months before the know-how was transferred, subject to additional conditions
specified in the regulations.

Transfer of know-how within
Israel is subject to an undertaking of the recipient Israeli entity to comply with the provisions of the Research Law and related regulations,
including the restrictions on the transfer of know-how and the obligation to pay royalties, as further described in