Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 25

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 25
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 newly created directorships resulting from an increase in the number of directors and any vacancies on our board of
directors resulting from death, resignation, retirement, disqualification, removal or other cause will be filled exclusively by a majority
vote of the directors then in office, even if less than a quorum, or by a sole remaining director, and not by stockholders.

Supermajority Provisions. Our certificate
of incorporation provides that our board of directors is expressly authorized to adopt, amend or repeal our bylaws without a stockholder
vote through the affirmative vote of at least a majority of the board of directors. In addition, our bylaws may be adopted, amended or
repealed by a majority of the stockholders in attendance at any meeting of stockholders that has been duly called for such purpose.

The DGCL provides generally that the affirmative
vote of a majority of the outstanding shares entitled to vote thereon, voting together as a single class, is required to amend a corporation’s
certificate of incorporation, , provided, however that certain actions in this regard may require a greater or lesser percentage of the
voting shareholders as provided in the DGCL, including under Section 242 thereof.

Meetings of Stockholders

No action that is required or permitted to be taken
by our stockholders may be taken without a meeting, and the power of stockholders to consent in writing, without a meeting, to the taking
of any action is specifically denied. A special meeting of stockholders may be called at any time only by our board of directors or our
CEO together with our COO or CFO for any purpose or purposes prescribed in a notice of such special meeting.

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DESCRIPTION OF DEBT SECURITIES</div>

This section describes the general terms and provisions
of our debt securities, which could be senior debt securities or subordinated debt securities. A prospectus supplement will describe the
specific terms of the debt securities offered through that prospectus supplement and any general terms outlined in this section that will
not apply to those debt securities.

The senior debt securities will be issued under
an indenture, referred to herein as the “senior indenture,” between us and the trustee named in the applicable prospectus
supplement. The subordinated debt securities will be issued under an indenture, referred to herein as the “subordinated indenture,”
between us and the trustee named in the applicable prospectus supplement.

We have summarized the anticipated material terms
and provisions of the senior