Company: BNRG
Filing Date: 2025-04-28
Form Type: F-1
Source: 0001213900-25-035754
Chunk: 51

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-28
Form: F-1
Chunk 51
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 should carefully review the terms and provisions of the form of Series C Warrants for a complete description
of the terms and conditions of the Series C Warrants.

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Duration and Exercise Price.
Each Warrant offered hereby will have an initial exercise price per share equal to $1.332. The Warrants will be immediately exercisable
and will expire twelve (12) months from the Initial Exercise Date. The exercise price and number of Ordinary Shares issuable upon exercise
is subject to appropriate adjustment in the event of share dividends, share splits, reorganizations or similar events affecting our Ordinary
Shares and the exercise price. The Series C Warrants will be issued separately from the Ordinary Shares and will be held separately immediately
thereafter. A Series C Warrant to purchase one Ordinary Share will be issued for every Ordinary Share or Pre-Funded Warrant to purchase
one share purchased in this offering.

Exercisability. The
Series C Warrants will be exercisable, at the option of each holder, in whole or in part, by delivering to us a duly executed exercise
notice accompanied by payment in full for the number of Ordinary Shares purchased upon such exercise. A holder (together with its affiliates)
may not exercise any portion of the Series C Warrant to the extent that the holder would own more than 4.99% of the outstanding Ordinary
Shares immediately after exercise, except that upon at least 61 days prior notice from the holder to us, the holder may increase the amount
of ownership of outstanding shares after exercising the holder’s Series C Warrants up to 9.99% of the number of Ordinary Shares
outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of
the Series C Warrants. No fractional Ordinary Shares will be issued in connection with the exercise of a Series C Warrant. In lieu of
fractional shares, we will round down to the next whole share.

Cashless Exercise.
If, at the time a holder exercises its Series C Warrants, a registration statement registering the issuance of the Ordinary Shares underlying
the Series C Warrants under the Securities Act is not then effective or available for the issuance of such Ordinary Shares, then in lieu
of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price and subject
to the value of the shares being paid up, the holder may elect instead to receive upon such exercise (either in whole or