Company: PGYWW
Filing Date: 2025-12-05
Form Type: S-3ASR
Source: 0000950103-25-015781
Chunk: 33

Company: Pagaya Technologies Ltd.
Filing Date: 2025-12-05
Form: S-3ASR
Chunk 33
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 its powers is required for proper management of the company.           |

The Companies Law requires that a notice of any
annual general meeting or special general meeting be provided to shareholders at least 21 days prior to the meeting and, if the agenda
of the meeting includes (among other things) the appointment or removal of directors, the approval of transactions with office holders
or other interested or related parties, or an approval of a merger, notice must be provided at least 35 days prior to the meeting. Under
the Companies Law and the Articles, shareholders will not be permitted to take action by way of written consent in lieu of a meeting.

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Quorum

Pursuant to the Articles, the quorum required
for Pagaya’s general meetings of shareholders will consist of at least two shareholders present in person or by proxy who hold or
represent at least 33 1⁄3% of the total outstanding voting power of its shares, except that if (i) any such general meeting was
initiated by and convened pursuant to a resolution adopted by Pagaya’s Board of Directors and (ii) at the time of such general meeting
Pagaya qualifies as a “foreign private issuer,” the requisite quorum will consist of two or more shareholders present in person
or by proxy who hold or represent at least 25% of the total outstanding voting power of its shares. Notwithstanding the foregoing, a quorum
for a general meeting shall also require the presence in person or by proxy of at least one shareholder holding Class B Ordinary Shares
if such shares are outstanding. The requisite quorum may be present within half an hour of the time fixed for the commencement of the
general meeting. A general meeting adjourned for lack of a quorum shall be adjourned either to the same day in the next week, at the same
time and place, to such day and at such time and place as indicated in the notice to such meeting, or to such day and at such time and
place as the chairperson of the meeting shall determine. At the reconvened meeting, any one or more shareholders present in person or
by proxy and holding any number of shares shall constitute a quorum, unless a meeting was called pursuant to a request by Pagaya shareholders,
in which case the quorum required is one or more shareholders, present in person or by proxy and holding the number of shares required
to call the meeting as described under “—Shareholder Meetings.”

Vote Requirements