Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 156

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 156
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 of employment primarily concern the length of the workday,
minimum daily wages, pension plan benefits for all employees, insurance for work-related accidents, procedures for dismissal of employees,
severance pay and other conditions of employment. We generally provide our employees with benefits and working conditions beyond the required
minimums.

We have never experienced an employment-related work
stoppage and we believe our relationship with our employees is good.

Environmental
Matters

We are subject to various environmental, health and
safety laws and regulations, including those governing noise emissions. We believe that our business, operations, and facilities are being
operated in compliance in all material respects with applicable environmental and health and safety laws and regulations. Based on information
currently available to us, we do not expect environmental costs and contingencies to have a material adverse effect on us. Significant
expenditures could be required in the future, however, if we are required to comply with new or more stringent environmental or health
and safety laws, regulations or requirements.

Legal Proceedings

We are named as a co-defendant in a lawsuit by a
patient alleging hearing loss following his enrollment in one of our clinical studies and we are vigorously defending this matter. There
are also various employment-related claims (brought by former employees) and collection matters (stemming from debt accrued by certain
of our customers, including larger national/enterprise customers and/or customers with multi-system orders).

  Organizational Structure  

Our three subsidiaries, all
of which wholly-owned, are: BrainsWay, Inc., incorporated in Delaware on March 31, 2003; Brain Research and Development Services Ltd.,
incorporated in Israel on August 13, 2003; and BrainsWay USA Inc., incorporated in Delaware on November 24, 2014.

  Property, Plants and Equipment  

We have leased offices in Jerusalem, Israel, since
November 2007. In 2024, we moved to a new building (across the street from our previous location) owned by an affiliate of our previous
landlord and which was built according to our custom specifications. Our new headquarters consist of approximately 1,730 square meters,
including administrative offices, research operations, central laboratory, and a warehouse. The initial lease term of the new space is
5 years beginning from the date we moved into the new space (which occurred on July 14, 2024), with an automatic extension period of another
5 years unless terminated prior thereto. Under the terms of the agreement