Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 45

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 45
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 its original certificate of incorporation or an express provision in its certificate of incorporation or
by-laws resulting from a stockholders’ amendment approved by at least a majority of the outstanding voting shares. We have opted
out of Section 203 with an express provision in our Certificate of Incorporation. Therefore, the anti-takeover effects of Section 203
do not apply to us.

In general, Section 203 prohibits a publicly-held
Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a three-year
period following the time that this stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed
manner. A “business combination” includes, among other things, a merger, asset or stock sale or other transaction resulting
in a financial benefit to the interested stockholder. An “interested stockholder” is a person who, together with affiliates
and associates, owns, or did own within three years prior to the determination of interested stockholder status, 15% or more of the corporation’s
voting stock.

Under Section 203, a business combination
between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions: before the stockholder
became interested, the board of directors approved either the business combination or the transaction which resulted in the stockholder
becoming an interested stockholder; upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder,
the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced,
excluding for purposes of determining the voting stock outstanding, shares owned by persons who are directors and also officers, and
employee stock plans, in some instances; or at or after the time the stockholder became interested, the business combination was approved
by the board of directors of the corporation and authorized at an annual or special meeting of the stockholders by the affirmative vote
of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

Election and Removal of Directors

Directors will be elected by a plurality of the
voting power of the shares present in person or represented by proxy at the stockholders meeting and entitled to vote on the election
of directors. Our Certificate of Incorporation does not provide for a classified board of directors or for cumulative voting in the election
of directors. Under Article VIII of the Certificate of Incorporation and Section 3.13 of the By