Company: GAUZ
Filing Date: 2025-07-03
Form Type: F-3
Source: 0001213900-25-061387
Chunk: 24

Company: Gauzy Ltd.
Filing Date: 2025-07-03
Form: F-3
Chunk 24
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 officer of the trustee,
the trustee shall mail to each securityholder of the securities of that series notice of a Default or Event of Default within 90 days
after it occurs or, if later, after a responsible officer of the trustee has knowledge of such Default or Event of Default. The indenture
provides that the trustee may withhold notice to the holders of debt securities of any series of any Default or Event of Default (except
in payment on any debt securities of that series) with respect to debt securities of that series if the trustee determines in good faith
that withholding notice is in the interest of the holders of those debt securities. (Section 7.5)

Modification and Waiver

We and the trustee may modify, amend or supplement
the indenture or the debt securities of any series without the consent of any holder of any debt security:

| ● | to cure any ambiguity, defect or inconsistency; |

| ● | to comply with covenants in the indenture described above     
 under the heading “Consolidation, Merger and Sale of Assets”; |

| ● | to provide for uncertificated securities in addition to or 
 in place of certificated securities;                       |

| ● | to add guarantees with respect to debt securities of any series 
 or secure debt securities of any series;                        |

| ● | to surrender any of our rights or powers under the indenture; |

| ● | to add covenants or events of default for the benefit of the 
 holders of debt securities of any series;                    |

| ● | to comply with the applicable procedures of the applicable 
 depositary;                                                |

| ● | to make any change that does not adversely affect the rights 
 of any holder of debt securities;                            |

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| ● | to provide for the issuance of and establish the form and                            
 terms and conditions of debt securities of any series as permitted by the indenture; |

| ● | to effect the appointment of a successor trustee with respect                                                                                   
 to the debt securities of any series and to add to or change any of the provisions of the indenture to provide for or facilitate administration 
 by more than one trustee; or                                                                                                                    |

| ● | to comply with requirements of the SEC in order to effect                                   
 or maintain the qualification of the indenture under the Trust Indenture Act. (Section 9.1) |

We may also modify and amend the indenture with
the consent of the holders of at least a majority in principal