Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 36

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 36
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 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 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 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 Warrants. No fractional
Ordinary Shares will be issued in connection with the exercise of a Warrant. In lieu of fractional shares, we will round down to the next
whole share.

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Cashless Exercise. If,
at the time a holder exercises its Warrants, a registration statement registering the issuance of the Ordinary Shares underlying the 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 in part) the net number of
Ordinary Shares determined according to a formula set forth in the Warrants.

Transferability. Subject
to applicable laws, a Warrant may be offered for sale, sold, transferred or assigned at the option of the holder upon surrender of the
Warrant to us together with the appropriate instruments of transfer.

Exchange Listing. There
is no established public trading market for the Warrants, and we do not expect a market to develop. In addition, we do not intend to list
the Warrants on any securities exchange or nationally recognized trading system. Without an active trading market, the liquidity of the
Warrants will be limited.

Right as a Shareholder.
Except as otherwise provided in the Warrants or by virtue of such holder’s ownership of our Ordinary Shares, the holders of the
Warrants do not have the rights or privileges of holders of our Ordinary Shares, including any voting rights, until they exercise their
Warrants.

Fundamental Transaction.In
the event of a fundamental transaction, as described in the Warrants and generally including