Company: GAUZ
Filing Date: 2025-07-03
Form Type: F-3
Source: 0001213900-25-061387
Chunk: 25

Company: Gauzy Ltd.
Filing Date: 2025-07-03
Form: F-3
Chunk 25
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 amount of the outstanding debt securities of each series affected by the
modifications or amendments. We may not make any modification or amendment without the consent of the holders of each affected debt security
then outstanding if that amendment will:

| ● | reduce the amount of debt securities whose holders must consent 
 to an amendment, supplement or waiver;                          |

| ● | reduce the rate of or extend the time for payment of interest 
 (including default interest) on any debt security;            |

| ● | reduce the principal of or premium on or change the fixed                                                                                      
 maturity of any debt security or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation 
 with respect to any series of debt securities;                                                                                                 |

| ● | reduce the principal amount of discount securities payable 
 upon acceleration of maturity;                             |

| ● | waive a default in the payment of the principal of, premium                                                                              
 or interest on any debt security (except a rescission of acceleration of the debt securities of any series by the holders of at least    
 a majority in aggregate principal amount of the then outstanding debt securities of that series and a waiver of the payment default that 
 resulted from such acceleration);                                                                                                        |

| ● | make the principal of or premium or interest on any debt security 
 payable in currency other than that stated in the debt security;  |

| ● | make any change to certain provisions of the indenture relating                                                                       
 to, among other things, the right of holders of debt securities to receive payment of the principal of, premium and interest on those 
 debt securities and to institute suit for the enforcement of any such payment and to waivers or amendments; or                        |

| ● | waive a redemption payment with respect to any debt security. 
 (Section 9.3)                                                 |

Except for certain specified provisions, the holders
of at least a majority in principal amount of the outstanding debt securities of any series may on behalf of the holders of all debt securities
of that series waive our compliance with provisions of the indenture. (Section 9.2) The holders of a majority in principal amount of the
outstanding debt securities of any series may on behalf of the holders of all the debt securities of such series waive any past default
under the indenture with respect to that series and its consequences, except a default in the payment of the principal of, premium or
any interest on any debt security of that series; provided, however, that the holders of a majority in principal amount of the