Company: BNRG
Filing Date: 2025-11-05
Form Type: F-3/A
Source: 0001213900-25-106675
Chunk: 32

Company: Brenmiller Energy Ltd.
Filing Date: 2025-11-05
Form: F-3/A
Chunk 32
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 ● | in amount or criterion determined by the board of directors, at the time of the giving of such undertaking to indemnify, to be reasonable under the circumstances. |

<div align='center'>II-1</div>

Under the Companies Law, exemption,
indemnification and insurance of officeholders 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 officeholders does 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, which 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.

On December 5, 2024, the general
meeting of our shareholders approved granting an indemnification and exemption letters to our officeholders and directors as may be from
time to time, in the form previously approved by our shareholders. Indemnification letters, covering indemnification and insurance of
those liabilities imposed under the Companies Law and the Securities Law, as discussed above, were granted to each of our officeholders
and were approved for any future officeholders. All of the Company’s directors and the officers have executed indemnification letters.

The maximum indemnification
amount set forth in such letters to all of our officeholders is limited to an amount equal to the higher of (i): $5,000,000; and (ii)
25% of our total shareholders’ equity, neutralizing a provision made for such indemnification, as reflected in our most recent financial
statements (annual or quarterly) prior to the date on which the indemnity payment is made. The maximum amount set forth in such letters
is in addition to any amount paid (if paid) under insurance and/or by a third party pursuant to an indemnification arrangement.

In the opinion of the SEC,
indemnification of directors and officeholders for liabilities arising under the Securities Act, however, is against public policy and
therefore unenforceable.