Company: ALCE
Filing Date: 2025-04-14
Form Type: DEF 14C
Source: 0001213900-25-031333
Chunk: 21

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-04-14
Form: DEF 14C
Chunk 21
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 stock award may not exercise such stock award but instead will receive a payment equal in value, at the effective time, to the excess (if any) of (1) the value of the property the participant would have received upon the exercise of the stock award over (2) any exercise price payable by such holder in connection with such exercise. Change in Control.In the event of a change in control, as defined under the 2023 Plan, awards granted under the 2023 Plan will not receive automatic acceleration of vesting and exercisability, although this treatment may be provided for in an award agreement. Plan Amendment or Termination.The Company will have the authority to amend, suspend, or terminate the 2023 Plan, provided that such action does not materially impair the existing rights of any participant without such participant’s written consent. No ISOs may be granted after the tenth anniversary of the date the board of directors of the Company adopts the 2023 Plan. 11 ACTIONS AUTHORIZED AND APPROVED The actions that were taken by the Company’s Board of Directors and the Majority Stockholders were the authorization and approval of the Reverse Stock Split and the Plan Amendment, respectively. DISSENTERS’ RIGHTS OF APPRAISAL Under the DGCL, our stockholders are not entitled to appraisal rights with respect to the Reverse Stock Split or the Plan Amendment. INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON None of our officers and directors, nor any of their associates, have any interest in the actions approved by our stockholders and described in this Information Statement except in their capacity as holders of our Common Stock and Series A Super Voting Preferred Stock (which interest does not differ from that of the other holders of our Common Stock). 12

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information with respect to the beneficial ownership of our Common Stock, our only outstanding classes of capital stock having the right to vote on this matter, known by us as of the Record Date, by: •each person or entity known by us to be the beneficial owner of more than 5% of our common stock; •each of our directors; •each of our executive officers; and •all of our directors and executive officers as a group. Beneficial ownership of the voting stock is determined in accordance with the rules of the United States Securities and Exchange Commission (the “ SEC”) and includes any shares of Company voting stock over which a person exercises sole or shared voting or investment power,