Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 63

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 63
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 below. Our “Senior Debt” includes the senior debt securities and
means the principal of, premium, if any, and interest on, rent under, and any other amounts payable on or in or in respect of any of our
indebtedness (including, without limitation, any obligations in respect of such indebtedness and any interest accruing after the filing
of a petition by or against us under any bankruptcy law, whether or not allowed as a claim after such filing in any proceeding under such
bankruptcy law), whether outstanding on the date of the senior indenture or thereafter created, incurred, assumed, guaranteed or in effect
guaranteed by us (including all deferrals, renewals, extensions, refinancings or refundings of, or amendments, modifications or supplements
to the foregoing). However, Senior Debt does not include:

| ● | any liability for federal, state, local or other taxes owed or owing by us; |

| ● | our indebtedness to any of our subsidiaries; |

| ● | our trade payables and accrued expenses (including, without limitation, accrued compensation) for goods, services or materials purchased or provided in the ordinary course of business; and |

| ● | any particular indebtedness in which the instrument creating or evidencing the same expressly provides that such indebtedness shall not be senior in right of payment to, or is pari passu with, or is subordinated or junior to, the subordinated debt securities. |

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If certain events in bankruptcy, insolvency or
reorganization occur, we will first pay all Senior Debt, including any interest accrued after the events occur, in full before we make
any payment or distribution, whether in cash, securities or other property, on account of the principal of or interest on the subordinated
debt securities. In such an event, we will pay or deliver directly to the holders of Senior Debt any payment or distribution otherwise
payable or deliverable to holders of the subordinated debt securities. We will make the payments to the holders of Senior Debt according
to priorities existing among those holders until we have paid all Senior Debt, including accrued interest, in full. Notwithstanding the
subordination provisions discussed in this paragraph, we may make payments or distributions on the subordinated debt securities so long
as:

| ● | the payments or distributions consist of securities issued by us or another company in connection with a plan of dissolution, reorganization, readjustment or winding up; and |

|