Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 43

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 43
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TC, National Securities Clearing Corporation and Fixed Income
Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries.

DTC holds the securities of its participants and
facilitates the clearance and settlement of securities transactions among its participants in such securities through electronic book-entry
changes in accounts of its participants. The electronic book-entry system eliminates the need for physical certificates. DTC’s participants
include securities brokers and dealers, including underwriters, banks, trust companies, clearing corporations and certain other organizations,
some of which, and/or their representatives, own DTCC. Banks, brokers, dealers, trust companies and others that clear through or maintain
a custodial relationship with a participant, either directly or indirectly, also have access to DTC’s book-entry system. The rules
applicable to DTC and its participants are on file with the SEC.

The above information with respect to DTC has been
provided for informational purposes only and is not intended to serve as a representation, warranty or contract modification of any kind.

Clearstream

We understand that Clearstream was incorporated
under the laws of Luxembourg as an international clearing system. Clearstream holds securities for its participating organizations, or
“Clearstream Participants,” and facilitates the clearance and settlement of securities transactions between Clearstream Participants
through electronic book-entry changes in accounts of Clearstream Participants, thereby eliminating the need for physical movement of certificates.
Clearstream provides to Clearstream Participants, among other things, services for safekeeping, administration, clearance and settlement
of internationally traded securities and securities lending and borrowing. Clearstream interfaces with domestic securities markets in
several countries. As a professional depositary, Clearstream is subject to regulation by the Luxembourg Commission for the Supervision
of the Financial Sector (Commission de Surveillance du Secteur Financier). Clearstream Participants are recognized financial institutions
around the world, including underwriters, securities brokers and dealers, banks, trust companies, clearing corporations and certain other
organizations. Clearstream’s U.S. Participants are limited to securities brokers and dealers and banks. Indirect access to Clearstream
is also available to others, such as banks, brokers, dealers and trust companies that clear through or maintain a custodial relationship
with a Clearstream Participant either directly or indirectly.

Distributions with respect to debt securities held
beneficially through Clearstream will be credited to cash accounts of Clearstream Participants in accordance with its rules and procedures,
to the extent received by the U.S. Depositary for