Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 42

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 42
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 restated articles of association and
by Israeli law. These rights and responsibilities differ in some material respects from the rights and responsibilities of shareholders
in U. S. companies. In particular, a shareholder of an Israeli company has a duty to act in good faith and in a customary manner in exercising
its rights and performing its obligations towards the company and other shareholders, and to refrain from abusing its power in such company,
including, among other things, in voting at a general meeting of shareholders on matters such as amendments to a company’s amended
and restated articles of association, increases in a company’s authorized share capital, mergers and acquisitions and related party
transactions requiring shareholder approval, as well as a general duty to refrain from discriminating against other shareholders. In addition,
a controlling shareholder of an Israeli company or a shareholder who is aware that it possesses the power to determine the outcome of
a vote at a meeting of the shareholders or to appoint or prevent the appointment of a director or executive officer in the company has
a duty of fairness toward the company. Israeli Law does not describe the substance of this duty of fairness but states that the remedies
generally available upon a breach of contract, will also apply in the event of a breach of duty of fairness, taking into account such
shareholder’s position. There is limited case law available to assist us in understanding the nature of these duties or the implications
of these provisions. These provisions may be interpreted to impose additional obligations and liabilities on holders of our Ordinary Shares
that are not typically imposed on shareholders of U. S. companies.

We may become subject
to claims for remuneration or royalties for assigned service invention rights by our employees, which could result in litigation and adversely
affect our business.

A
portion of our intellectual property has been developed by our employees in the course of their employment for us. Under the Israeli Patent
Law 5727-1967, or the Israeli Patent Law, inventions conceived by an employee in the course and as a result of or arising from his or
her employment with a company are regarded as “service inventions”, which belong to the employer, absent a specific agreement
between the employee and employer giving the employee service invention rights. The Israeli Patent Law also provides that if there is
no such agreement between an employer and an employee, the Israeli Compensation and Royalties Committee, or the Compensation and Royalties
Committee, a body constituted under the Israeli Patent Law, shall determine whether the employee is entitled to remuneration for his