Company: SLMT
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001213900-25-112135
Chunk: 52

Company: Brera Holdings PLC
Filing Date: 2025-11-18
Form: 424B5
Chunk 52
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 indemnity for expenses and liabilities that may be incurred by bringing the action; |

| ● | the                                                                      
 trustee has not instituted the action within 60 days of the request; and |

| ● | the                                                                                                                                    
 trustee has not received inconsistent direction by the holders of a majority in principal amount of the outstanding debt securities of 
 the affected series of equal ranking.                                                                                                  |

We will be required to file annually with the
trustee a certificate, signed by one of our officers, stating whether or not the officer knows of any default by us in the performance,
observance or fulfillment of any condition or covenant of the indenture.

Registered Global Securities and Book Entry System

The debt securities of a series may be issued
in whole or in part in book-entry form and may be represented by one or more fully registered global securities or in unregistered form
with or without coupons. We will deposit any registered global securities with a depositary or with a nominee for a depositary identified
in the applicable prospectus supplement and registered in the name of such depositary or nominee. In such case, we will issue one or more
registered global securities denominated in an amount equal to the aggregate principal amount of all of the debt securities of the series
to be issued and represented by such registered global security or securities. This means that we will not issue certificates to each
holder.

Unless and until it is exchanged in whole or in
part for debt securities in definitive registered form, a registered global security may not be transferred except as a whole:

| ● | by                                                                 
 the depositary for such registered global security to its nominee; |

| ● | by                                                                                     
 a nominee of the depositary to the depositary or another nominee of the depositary; or |

| ● | by                                                                                            
 the depositary or its nominee to a successor of the depositary or a nominee of the successor. |

The prospectus supplement relating to a series
of debt securities will describe the specific terms of the depositary arrangement involving any portion of the series represented by a
registered global security. We anticipate that the following provisions will apply to all depositary arrangements for registered debt
securities:

| ● | ownership                                                                                                                                     
 of beneficial interests in a registered global security will be limited to persons that have accounts with the depositary for such registered 
 global security, these persons being referred to as “participants,” or persons that may hold interests through participants;                  |

| ● | upon                                                                                                                                        
 the issuance of a registered global security, the depositary for the registered