Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 42

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 42
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 10016.

Private Placement Warrants

Duration and Exercise Price

Each Private Placement Warrant has an exercise
price of $0.32 per share of Common Stock and will become exercisable upon the Stockholder Approval Date. The Series C Warrants will
expire on the five-year anniversary of the Stockholder Approval Date, the Series D Warrants will expire on the 18-month anniversary
of the Stockholder Approval Date and the Placement Agent Warrants will expire on October 30, 2029.

Exercisability

The Private Placement Warrants are exercisable,
at the option of each holder, in whole or in part by delivering to us a duly executed exercise notice and, at any time a registration
statement registering the issuance of the Common Stock underlying the Private Placement Warrants under the Securities Act is effective
and available for the issuance of such shares, or an exemption from registration under the Securities Act is available for the issuance
of such shares, by payment in full in immediately available funds for the number of Common Stock purchased upon such exercise. Subject
to limited exceptions, a holder of Private Placement Warrants will not have the right to exercise any portion of its Private Placement
Warrants if the holder, together with its affiliates, would beneficially own in excess of 4.99% (or, at the election of the purchaser
prior to issuance of the Private Placement Warrants, 9.99%) of the number of shares of our Common Stock outstanding immediately after
giving effect to such exercise. A holder may increase or decrease the beneficial ownership limitation up to 9.99%, provided, however,
that any increase in the beneficial ownership limitation shall not be effective until 61 days following notice of such change to the
Company.

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Cashless Exercise

If at the time of exercise there is no effective
registration statement registering, or the prospectus contained therein is not available for the issuance of the Common Stock underlying
the Private Placement Warrants, then the Private Placement Warrants may also be exercised, in whole or in part, at such time by means
of a cashless exercise, in which case the holder would receive upon such exercise the net number of common shares determined according
to the formula set forth in the Private Placement Warrant.

Under the alternate cashless exercise option
of the Series D Warrants, the holder of a Series D Warrant, has the right to receive an aggregate number of shares equal to
the product of (x) the