Company: BWAY
Filing Date: 2025-04-22
Form Type: F-3
Source: 0001171843-25-002378
Chunk: 34

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: F-3
Chunk 34
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 the lawsuit is instituted in the foreign court; and |

| · | the obligations under the judgment are enforceable according to the laws of the State of Israel and according to the law of the foreign state in which the relief was granted. |

We have irrevocably appointed BrainsWay USA, Inc.
as our agent to receive service of process in any action against us in any United States federal or state court arising out of this offering
or any purchase or sale of securities in connection with this offering.

If a foreign judgment is enforced by an Israeli court,
it generally will be payable in Israeli currency, which can then be converted into non-Israeli currency and transferred out of Israel.
The usual practice in an action before an Israeli court to recover an amount in a non-Israeli currency is for the Israeli court to issue
a judgment for the equivalent amount in Israeli currency at the rate of exchange in force on the date of the judgment, but the judgment
debtor may make payment in foreign currency. Pending collection, the amount of the judgment of an Israeli court stated in Israeli currency
ordinarily will be linked to the Israeli consumer price index plus interest at the annual statutory rate set by Israeli regulations prevailing
at the time. Judgment creditors must bear the risk of unfavorable exchange rates.

| 20 |

<div align='center'>OFFERING EXPENSES</div>

The following is a statement of expenses in connection
with the distribution of the securities registered. All amounts shown are estimates except the SEC registration fee.

| SEC registration fees          |     | $ |  4,667.67 |
| Legal fees and expenses        |     |   | 30,000.00 |
| Accountants’ fees and expenses |     |   |  7,500.00 |
| Printing expenses              |     |   |    450.00 |
| Miscellaneous                  |     |   | 41,810.00 |
| Total                          |     | $ | 84,427.67 |

| 21 |

<div align='center'>Up to 3,603,745 American Depositary Shares representing 7,207,490 Ordinary Shares

BRAINSWAY LTD.

The date of this prospectus is , 2025.

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 8. Indemnification of Directors and Officers

Under the Israeli Companies Law, a company may not
exculpate an office holder from liability for a breach of the fiduciary duty.