Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 18

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 18
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, or as required by a domestic relations settlement, order or
decree, and (iii) the other Founder solely upon the death or permanent disability of the other Founder; provided that in the case of subparagraphs
(i) and (ii) the Founder retains the sole power to vote the Class B Ordinary Shares held by such entity or spouse (collectively, “Permitted
Class B Owners”).

Voting Rights

Holders of Class B Ordinary Shares are entitled to cast ten votes per
each Class B Ordinary Share held as of the applicable record date. Generally, holders of all classes of Ordinary Shares vote together
as a single class on all matters (including the election of directors), and an action is approved by REE shareholders if the number of
votes cast in favor of the action exceeds the number of votes cast in opposition to the action.

Specific actions set forth in REE’s Amended and Restated Articles
may not be effected by REE without the prior affirmative vote of 100% of the outstanding Class B Ordinary Shares, voting as a separate
class. Such actions include the following:

| ● | directly or indirectly, whether by amendment, or through merger, recapitalization,                                                              
 consolidation or otherwise, amend or repeal, or adopt any provision of our Amended and Restated Articles inconsistent with, or otherwise        
 alter, any provision of its Amended and Restated Articles that modifies the voting, conversion or other rights, powers, preferences, privileges 
 or restrictions of the Class B Shares;                                                                                                          |

| ● | reclassify any outstanding Class A Ordinary Shares into shares having the           
 right to have more than one vote for each share thereof, except as required by law; |

| ● | issue any Class B Ordinary Shares (other than (i) Class B Ordinary Shares                                                                
 originally issued by REE after the Closing Date (as defined below) pursuant to the exercise or conversion of options or warrants that,   
 in each case, are outstanding as of the Closing Date and (ii) Class B Ordinary Shares issued to a Founder simultaneously with each Class 
 A Ordinary Share issued to such Founder); or                                                                                             |

| ● | authorize, or issue any shares of, any class or series of REE’s share      
 capital having the right to more than one (1) vote for each share thereof. |

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Dividend Rights

Holders of Class B Ordinary Shares will not participate in any dividend
declared by the board of directors.

Liquidation