Company: XXII
Filing Date: 2025-06-10
Form Type: PRER14A
Source: 0001641172-25-014371
Chunk: 83

Company: 22nd Century Group, Inc.
Filing Date: 2025-06-10
Form: PRER14A
Chunk 83
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 ● | A                                                                                             
 “related person transaction” generally is a transaction (including any indebtedness           
 or a guarantee of indebtedness) in which we were or are to be a participant and the amount    
 involved exceeds $120,000 and in which a related person had or will have a direct or indirect 
 material interest.                                                                            |

Each of our executive officers, directors or nominees for director is required to disclose to our Audit Committee certain information relating to related person transactions for review, approval or ratification by our Audit Committee. In making a determination about approval or ratification of a related person transaction, our Audit Committee will consider the information provided regarding the related person transaction and whether consummation of the transaction is believed by the Audit Committee to be in our best interests. Our Audit Committee may take into account the effect of a director ’s related person transaction on the director ’s status as in independent member of our Board of Directors and eligibility to serve on committees of our Board under SEC rules and the listing standards of the Nasdaq Stock Market. Any related person transaction must be disclosed to our full Board of Directors. Except as set forth below, there were no related party transactions during 2024 and 2023.

Beginning in
the fourth quarter of 2024, the Company recorded $154 of revenue, net and corresponding contract asset with a related party contract
manufacturing customer, as a result of an executive of the Company holding an advisory board position that ended on April 28, 2025.
The Tobacco Company (“TTC”), for the sale of private label cigarettes. The customer relationship
is conducted at arm’s length.

| 53 |

<div align='center'>Stockholder Proposals and Communications with the Board of Directors</div>

Our amended and restated bylaws provide that, for matters to be properly brought before an Annual Meeting, business must be either (i) specified in the notice of Annual Meeting (or any supplement or amendment thereto) given by or at the direction of the Board of Directors, (ii) otherwise brought before the Annual Meeting by or at the direction of the Board of Directors, or (iii) otherwise properly brought before the Annual Meeting by a stockholder.

Stockholder proposals intended for inclusion in our proxy statement relating to the next Annual Meeting in 2026 must be received by us no later than February 2, 2026. Any such proposal must comply with Rule 14a 8 of Regulation 14A of the proxy rules of the SEC.

Notice to us of a stockholder