Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 46

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 46
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 subject to
the value of the shares being paid up, the holder may elect instead to receive upon such exercise (either in whole or in part) the net
number of Ordinary Shares determined according to a formula set forth in the Warrants.

Transferability. Subject
to applicable laws, a Warrant may be offered for sale, sold, transferred or assigned at the option of the holder upon surrender of the
Warrant to us together with the appropriate instruments of transfer.

Exchange Listing.
There is no established public trading market for the Warrants, and we do not expect a market to develop. In addition, we do not intend
to list the Warrants on any securities exchange or nationally recognized trading system. Without an active trading market, the liquidity
of the Warrants will be limited.

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Right as a Shareholder.
Except as otherwise provided in the Warrants or by virtue of such holder’s ownership of our Ordinary Shares, the holders of the
Warrants do not have the rights or privileges of holders of our Ordinary Shares, including any voting rights, until they exercise their
Warrants.

Fundamental Transaction.
In the event of a fundamental transaction, as described in the Warrants and generally including (i) we, directly or indirectly, in one
or more related transactions effect any merger or consolidation with or into another person, (ii) we (or any of our subsidiaries), directly
or indirectly, effect any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of
our assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange offer
(whether by us or another person) is completed pursuant to which holders of our Ordinary Shares are permitted to sell, tender or exchange
their shares for other securities, cash or property and has been accepted by the holders of more than 50% of our outstanding Ordinary
Shares or more than 50% of the voting power of our common equity, (iv) we, directly or indirectly, in one or more related transactions
effect any reclassification, reorganization or recapitalization of the Ordinary Shares or any compulsory share exchange pursuant to which
the Ordinary Shares are effectively converted into or exchanged for other securities, cash or property, or (v) we, directly or indirectly,
in one or more related transactions consummate a stock or share purchase agreement or other business combination (including, without
limitation, a re