Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 32

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 32
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 the beneficial owner of the debt security must instruct the broker or other direct or indirect participant through which
it holds an interest in the debt security to notify the depositary of its desire to exercise a right to repayment. Different firms have
different cut-off times for accepting instructions from their customers and, accordingly, each beneficial owner should consult the broker
or other direct or indirect participant through which it holds an interest in a debt security in order to ascertain the cut-off time by
which an instruction must be given in order for timely notice to be delivered to the depositary.

We may purchase debt securities at any price in
the open market or otherwise. Debt securities so purchased by us may, at our discretion, be held or resold or surrendered to the applicable
trustee for cancellation.

Denominations

Unless we state otherwise in the applicable prospectus
supplement, the debt securities may be issued in registered form in denominations of $1,000 each and integral multiples of $1,000 in excess
thereof, or in bearer form in denominations of $5,000.

Consolidation, Merger or Sale

Each of the indentures permits a consolidation
or merger between us and another entity, subject to certain conditions. They also permit the sale or transfer by us of all or substantially
all of our property and assets. These transactions are permitted if:

| ● | the resulting or acquiring entity, if other than us, is organized and existing under the laws of a domestic jurisdiction and assumes all of our responsibilities and liabilities under the applicable indenture, including the payment of all amounts due on the debt securities and performance of the covenants in the applicable indenture; and |

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| ● | immediately after giving effect to the transaction, no event of default under the applicable indenture exists. |

If we consolidate or merge with or into any other
entity or sell or lease all or substantially all of our assets according to the terms and conditions of the indentures, the resulting
or acquiring entity will be substituted for us in the indentures with the same effect as if it had been an original party to the indentures.
As a result, such successor entity may exercise our rights and powers under the indentures, in our name and, except in the case of a lease
of all or substantially all of our properties, we will be released from all our liabilities and obligations under the indentures and under
the debt securities.

Modification and Waiver

Under each of the indent