Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 43

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 43
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 of the outstanding shares, or for all of the outstanding shares of such class,
as applicable. In general, if less than 5% of the outstanding shares, or of the applicable class, are not tendered in the tender offer
and more than half of the offerees who have no personal interest in the offer tendered their shares, all the shares that the acquirer
offered to purchase will be transferred to it by operation of law. However, a tender offer will also be accepted if the shareholders who
do not accept the offer hold less than 2% of the issued and outstanding share capital of the company or of the applicable class of shares.
Any shareholders that were an offeree in such tender offer, whether such shareholder accepted the tender offer or not, may request, by
petition to an Israeli court, (i) appraisal rights in connection with a full tender offer, and (ii) that the fair value should be paid
as determined by the court, for a period of six months following the acceptance thereof. However, the acquirer is entitled to stipulate,
under certain conditions, that tendering shareholders will forfeit such appraisal rights.

Lastly, Israeli tax law treats
some acquisitions, such as stock-for-stock exchanges between an Israeli company and a foreign company, less favorably than U.S. tax laws.
For example, Israeli tax law may, under certain circumstances, subject a shareholder who exchanges his, her or its Ordinary Shares for
shares in another corporation to taxation prior to the sale of the shares received in such stock-for-stock swap.

Exclusive Forum

Our articles of
association provide that unless we consent in writing to the selection of an alternative forum, the federal district courts of the
United States of America shall be the exclusive forum for the resolution of any complaint asserting a cause of action arising under
the Securities Act. Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all such
Securities Act actions, and accordingly, both state and federal courts have jurisdiction to entertain such claims. While the federal
forum provision in our articles of association does not restrict the ability of our shareholders to bring claims under the
Securities Act, we recognize that it may limit shareholders’ ability to bring a claim in the judicial forum that they find
favorable and may increase certain litigation costs, which may discourage the filing of claims under the Securities Act against the
Company, its directors and officers. However, the enforceability of similar forum provisions (including exclusive federal forum
provisions for