Company: BNRG
Filing Date: 2025-04-28
Form Type: F-1
Source: 0001213900-25-035754
Chunk: 71

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-28
Form: F-1
Chunk 71
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 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 indemnification, as reflected in our most recent financial
statements (annual or quarterly) prior to the date on which the indemnity payment is made. The maximum amount set forth in such letters
is in addition to any amount paid (if paid) under insurance and/or by a third party pursuant to an indemnification arrangement.

In the opinion of the SEC,
indemnification of directors and officeholders for liabilities arising under the Securities Act, however, is against public policy and
therefore unenforceable.

Exemption

Under the Companies Law, an
Israeli company may not exempt an officeholder from liability for a breach of his or her duty of loyalty, but may exempt in advance an
officeholder from his or her liability to the company, in whole or in part, for damages caused to the company as a result of a breach
of his or her duty of care (other than in relation to distributions), but only if a provision authorizing such exemption is included in
its articles of association. Our amended and restated articles of association provide that we may exempt , in whole or in part, any officeholder
from liability to us for damages caused to the company as a result of a breach of his or her duty of care. Subject to the aforesaid limitations,
under the indemnification agreements, we exempt and release our officeholders from any and all liability to us related to any breach by
them of their duty of care to us to the fullest extent permitted by law.

Indemnification and exemption
letters were granted to each of our