Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 64

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 64
---
                                                                                                                                                                  |

<div align='center'>II-1</div>

The Companies Law also permits
a company to undertake in advance to indemnify an officeholder, provided that if such indemnification relates to financial liability imposed
on him or her, as described above, then the undertaking should be limited and shall detail the following foreseen events and amount or
criterion:

| ● | to events that in the opinion of the board of directors can be foreseen based on the company’s activities at the time that the undertaking to indemnify is made; and |

| ● | in amount or criterion determined by the board of directors, at the time of the giving of such undertaking to indemnify, to be reasonable under the circumstances. |

Under the Companies Law, exemption,
indemnification and insurance of officeholders must be approved by the compensation committee and the board of directors (and, with respect
to directors and the chief executive officer, by the shareholders). However, under regulations promulgated under the Companies Law, the
insurance of officeholders does not require shareholder approval and may be approved by only the compensation committee if the engagement
terms are determined in accordance with the company’s compensation policy, which was approved by the shareholders by the same special
majority required to approve a compensation policy, provided that the insurance policy is on market terms and the insurance policy is
not likely to materially impact the company’s profitability, assets or obligations. In addition, under regulations promulgated under
the Companies Law, the insurance of office holders of a company in which there is a controlling shareholder who is also an office holder,
a board approval is also required, subject to meeting the aforesaid conditions.

On December 5, 2024, the general
meeting of our shareholders approved granting an indemnification and exemption letters to our officeholders and directors as may be from
time to time, in the form previously approved by our shareholders. Indemnification letters, covering indemnification and insurance of
those liabilities imposed under the Companies Law and the Israeli Securities Law, as discussed above, were granted to each of our officeholders
and were approved for any future officeholders. All of the Company’s directors and the officers have executed indemnification letters.

The maximum indemnification
amount set forth in such letters to all of our officeholders is limited to an amount equal to the higher of (i): $5,000,000; and (ii)
25% of our total shareholders’ equity, neutralizing a provision made for such