Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 45

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 45
---
 certain terms and provisions of Warrants that are being offered hereby is not complete and is subject to, and
qualified in its entirety by, the provisions of the Warrants, the form of which is filed as an exhibit to the registration statement of
which this prospectus forms a part. Prospective investors should carefully review the terms and provisions of the form of Warrants for
a complete description of the terms and conditions of the Warrants.

Duration and Exercise Price. Each Warrant offered hereby will have an initial exercise price per share equal to $ . The Warrants will be immediately exercisable
and will expire on the fifth anniversary of the original issuance date. The exercise price and number of Ordinary Shares issuable upon
exercise is subject to appropriate adjustment in the event of share dividends, share splits, reorganizations or similar events affecting
our Ordinary Shares and the exercise price. The Warrants will be issued separately from the Ordinary Shares and will be held separately
immediately thereafter. A Warrant to purchase one Ordinary Share will be issued for every Ordinary Share or Pre-Funded Warrant to purchase
one share purchased in this offering.

Exercisability. The
Warrants will be exercisable, at the option of each holder, in whole or in 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.

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