Company: WKSP
Filing Date: 2025-11-14
Form Type: S-3
Source: 0001493152-25-023663
Chunk: 61

Company: Worksport Ltd
Filing Date: 2025-11-14
Form: S-3
Chunk 61
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 of interest, or reducing any premium payable upon the     
 redemption of any series of any debt securities; or                                                                                   |
| ● | reducing                                                                                                                              
 the percentage of debt securities, the holders of which are required to consent to any amendment, supplement, modification or waiver. |

Discharge

Each indenture provides that we can elect to be discharged from our obligations with respect to one or more series of debt securities, except for specified obligations, including obligations to:

| ● | provide                                                                     
 for payment;                                                                |
| ● | register                                                                    
 the transfer or exchange of debt securities of the series;                  |
| ● | replace                                                                     
 stolen, lost or mutilated debt securities of the series;                    |
| ● | pay                                                                         
 principal of and premium and interest on any debt securities of the series; |
| ● | maintain                                                                    
 paying agencies;                                                            |
| ● | hold                                                                        
 monies for payment in trust;                                                |

| 41 |

| ● | recover                           
 excess money held by the trustee; |
| ● | compensate                        
 and indemnify the trustee; and    |
| ● | appoint                           
 any successor trustee.            |

In order to exercise our rights to be discharged, we must deposit with the trustee money or government obligations sufficient to pay all the principal of, any premium, if any, and interest on, the debt securities of the series on the dates payments are due.

Form, Exchange and Transfer

We will issue the debt securities of each series only in fully registered form without coupons and, unless we provide otherwise in the applicable prospectus supplement, in denominations of $1,000 and any integral multiple thereof. The indenture provides that we may issue debt securities of a series in temporary or permanent global form and as book-entry securities that will be deposited with, or on behalf of, The Depository Trust Company, or DTC, or another depositary named by us and identified in the applicable prospectus supplement with respect to that series. To the extent the debt securities of a series are issued in global form and as book-entry, a description of terms relating to any book-entry securities will be set forth in the applicable prospectus supplement.

At the option of the holder, subject to the terms of the indenture and the limitations applicable to global securities described in the applicable prospectus supplement, the holder of the debt securities of any series can exchange the debt securities for other debt securities of the same series, in any authorized denomination and of like tenor and aggregate principal amount.

Subject to the terms of the indent