Company: BNBX
Filing Date: 2025-12-22
Form Type: S-1/A
Source: 0001104659-25-123402
Chunk: 42

Company: BNB PLUS CORP.
Filing Date: 2025-12-22
Form: S-1/A
Chunk 42
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 securities exchange or other nationally
recognized trading system. Without an active trading market, the liquidity of such warrants will be limited.

Stockholder Rights

Except as otherwise provided
in the Pre-Funded Warrants, Series E Warrants, Placement Agent Warrants, Advisory Warrants and Consultant Warrants, or by virtue
of such holder’s ownership of shares of our Common Stock, the holders of such warrants do not have the rights or privileges of
holders of our Common Stock, including any voting rights, until they exercise such warrants.

Possible Anti-Takeover Effects of Delaware Law and our Certificate of Incorporation and By-Laws

Our Certificate of Incorporation
contains provisions that could make it more difficult to acquire control of our company by means of a tender offer, open market purchases,
a proxy contest or otherwise. A description of these provisions is set forth below.

Anti-Takeover Effects of Delaware Law

Companies incorporated in
Delaware are subject to the provisions of Section 203 of the DGCL (“Section 203”), unless the corporation has “opted
out” of these provisions with an express provision in 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.

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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 stock