Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 66

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 66
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ied against the officeholder.

Under the Companies Law, exemption,
indemnification and insurance of officeholders in a public company 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 office holders shall 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 that 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.

Our amended and restated articles
of association permit us to exempt (subject to the aforesaid limitation), indemnify and insure our officeholders to the fullest extent
permitted or to be permitted by the Companies Law.

Item 7. Recent Sales of Unregistered Securities

Set forth below are the
sales of all securities by the Company since April 2022, which were not registered under the Securities
Act. The Company believes that each of such issuances was exempt from registration under the Securities Act in reliance on Section
4(a)(2) of the Securities Act, Rule 701 and/or Regulation S under the Securities Act.

Pursuant to a securities purchase
agreement dated October 29, 2021, or the 2021 Private Placement, with the 2021 Private Placement Investors, on December 29, 2021, we issued
167,031 Ordinary Shares for aggregate gross proceeds of $7.5 million, or the First Closing. On December 29, 2021, we closed the First
Closing of the 2021 Private Placement in which we offered 167,031 Ordinary Shares to the 2021 Private Placement Investors. On May 24,
2022, we closed the Second Closing of the 2021 Private Placement in which we offered 151,766 Ordinary Shares and 15,266 Prefunded Warrants.
The 2021 Private Placement included an undertaking for us to file a registration statement with the SEC within 45 days from the First
Closing