Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 45

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 45
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 the number of shares underlying the Series D Warrants, subject to a floor of $0.0634.

Fundamental Transactions

In the event of any
fundamental transaction, as described in the Private Placement Warrants and generally including any merger with or into another entity,
sale of all or substantially all of the Company’s assets, tender offer or exchange offer, or reclassification of the shares of
Common Stock, subject to certain exceptions, then upon any subsequent exercise of a Private Placement Warrant, the holder will have the
right to receive as alternative consideration, for each share of Common Stock that would have been issuable upon such exercise immediately
prior to the occurrence of such fundamental transaction, the number of shares of Common Stock of the successor or acquiring corporation
of the Company, if it is the surviving corporation, and any additional consideration receivable upon or as a result of such transaction
by a holder of the number of shares of Common Stock for which the Private Placement Warrant is exercisable immediately prior to such
event. Notwithstanding the foregoing, in the event of a fundamental transaction, the holders of the Private Placement Warrants have the
right to require the Company or a successor entity to purchase the Private Placement Warrants for cash in the amount of the Black Scholes
Value (as defined in the Private Placement Warrants) of the unexercised portion of the Private Placement Warrants concurrently with or
within 30 days following the consummation of a fundamental transaction. However, in the event of a fundamental transaction which is not
in the Company’s control or in which the consideration payable consists of equity securities of a successor entity that is quoted
or listed on a nationally recognized securities exchange, the holders of the Private Placement Warrants will only be entitled to receive
from the Company or its successor entity, as of the date of consummation of such fundamental transaction the same type or form of consideration
(and in the same proportion), at the Black Scholes Value of the unexercised portion of the Private Placement Warrants that is being offered
and paid to the holders of Common Stock in connection with the fundamental transaction, whether that consideration is in the form of
cash, stock or any combination of cash and stock, or whether the holders of Common Stock are given the choice to receive alternative
forms of consideration in connection with the fundamental transaction.

Transferability

In accordance with its
terms and subject to applicable laws, a Private Placement Warrant may be transferred at the option of the holder upon surrender of the