Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 22

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 22
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 such Founder) of a termination for
Cause if such Founder shall have failed to cure or remedy such matter, if curable, within such thirty (30) day period. In the event that
the basis for Cause is not curable, then such 30 day cure period shall not be required, and such termination shall be effective 10 days
after the date REE delivers notice of such termination for Cause. “Cause” shall mean REE’s termination of a Founder’s
employment with REE or any of its subsidiaries as a result of: (i) fraud, embezzlement, (ii) any willful act of material dishonesty by
such Founder in connection with or relating to such Founder’s employment with REE or any of its subsidiaries; (iii) theft or misappropriation
of property, information or other assets by such Founder in connection with such Founder’s employment with REE or any of its subsidiaries
which results in or would reasonably be expected to result in or would reasonably be expect to result in material loss, damage or injury
to REE and its subsidiaries, their goodwill, business or reputation; (iv) such Founder’s conviction, guilty plea, no contest plea,
or similar plea for any felony or any crime that results in or would reasonably be expected to result in material loss, damage or injury
to REE and its subsidiaries, their goodwill, business or reputation; (v) such Founder’s use of alcohol or drugs while working that
materially interferes with the ability of such Founder to perform such Founder’s material duties hereunder; (vi) such Founder’s
material breach of a material REE policy, or material breach of an REE policy that results in or would reasonably be expected to result
in material loss, damage or injury to the Company and its subsidiaries, their goodwill, business or reputation; or (vii) such Founder’s
material breach of any of his obligations under the employment agreement between such Founder and REE, as in effect from time to time
(the “Founder Employment Agreement”) which results in or would reasonable be expected to result in material loss, damage,
or injury to the Company and its subsidiaries, their goodwill, business or reputation ; provided, that, for clauses (i) - (vii) above,
REE delivers written notice to such Founder of the condition giving rise to Cause within 90 days after its initial occurrence.

<div align='center'>S-11</div>

Repurchase

The Class B Ordinary Share are not subject