Company: XXII
Filing Date: 2025-08-26
Form Type: 424B5
Source: 0001641172-25-025541
Chunk: 42

Company: 22nd Century Group, Inc.
Filing Date: 2025-08-26
Form: 424B5
Chunk 42
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 the trustee an opinion of counsel stating that we have received from, or there has been published by, the United States Internal Revenue Service a ruling or, since the date of execution of the indenture, there has been a change in the applicable United States federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the holders of the debt securities of that series will not recognize income, gain or loss for United States federal income tax purposes as a result of the deposit, defeasance and discharge and will be subject to United States federal income tax on the same amounts and in the same manner and at the same times as would have been the case if the deposit, defeasance and discharge had not occurred.

| 11 |

Defeasance of Certain Covenants

The indenture provides that, unless otherwise provided by the terms of the applicable series of debt securities, upon compliance with certain conditions:

| ● | we                                                                                                                                  
 may omit to comply with the covenant described under the heading “Consolidation, Merger and Sale of Assets” and certain             
 other covenants set forth in the indenture, as well as any additional covenants which may be set forth in the applicable prospectus 
 supplement; and                                                                                                                     |

| ● | any                                                                                                                              
 omission to comply with those covenants will not constitute a Default or an Event of Default with respect to the debt securities 
 of that series.                                                                                                                  |

We refer to this as covenant defeasance. The conditions include:

| ● | depositing                                                                                                                              
 with the trustee money and/or U.S. government obligations or, in the case of debt securities denominated in a single currency other     
 than U.S. dollars, government obligations of the government that issued or caused to be issued such currency, that, through the payment 
 of interest and principal in accordance with their terms, will provide money in an amount sufficient in the opinion of a nationally     
 recognized firm of independent public accountants or investment bank to pay and discharge each installment of principal of, premium     
 and interest on and any mandatory sinking fund payments in respect of the debt securities of that series on the stated maturity of      
 those payments in accordance with the terms of the indenture and those debt securities;                                                 |

| ● | such                                                                                                                             
 deposit will not result in a breach or violation of, or constitute a default under the indenture or any other agreement to which 
 we are a party;                                                                                                                  |

| ● | no                                                                                                                               
 Default