Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 36

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 36
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 Meeting on December 10, 2024.

<div align='center'>14</div>

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 has 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.

<div align='center'>SELLING STOCKHOLDERS</div>

The shares of Common Stock being offered by the
Selling Stockholders are those issuable to the Selling Stockholders, upon exercise of the Private Placement W