Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 42

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 42
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 do not apply if, in general, the acquisition (1) was made in a private placement that received shareholders’
approval, subject to certain conditions, (2) was from a holder of 25% or more of the voting rights in the company which resulted in the
acquirer becoming a holder of 25% or more of the voting rights in the company, or (3) was from a holder of more than 45% of the voting
rights in the company which resulted in the acquirer becoming a holder of more than 45% of the voting rights in the company. A “special”
tender offer must be extended to all shareholders. In general, a “special” tender offer may be consummated only if (1) at
least 5% of the voting power attached to our outstanding shares will be acquired by the offeror and (2) the offer is accepted
by a majority of the offerees who notified the company of their position in connection with such offer (excluding the offeror, controlling
shareholders, holders of 25% or more of the voting rights in the company or anyone on their behalf, or any person having a personal interest
in the acceptance of the tender offer). If a special tender offer is accepted, then the purchaser or any person or entity controlling
it or under common control with the purchaser or such controlling person or entity may not make a subsequent tender offer for the purchase
of shares of the target company and may not enter into a merger with the target company for a period of one year from the date of the
offer, unless the purchaser or such person or entity undertook to effect such an offer or merger in the initial special tender offer.

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However, under the Exemptions Regulations, the aforesaid limitations regarding a “special” tender offer do not apply for an
Israeli company whose shares are listed outside of Israel, provided that if the applicable law as applicable to companies incorporated
in the country which the Company is listed for trade, provide a restriction on the acquisition of control of any proportion of the company
or that the acquisition of control of any proportion requires the purchaser to also offer a purchase offer to shareholders from among
the public.

If, as a result of an acquisition
of shares, the acquirer will hold more than 90% of an Israeli company’s outstanding shares or of a certain class of shares, the
acquisition must be made by means of a tender offer for all