Company: WKSP
Filing Date: 2025-11-14
Form Type: S-3
Source: 0001493152-25-023663
Chunk: 58

Company: Worksport Ltd
Filing Date: 2025-11-14
Form: S-3
Chunk 58
---
 currency of payment of debt securities if other than U.S. dollars and the manner of determining the equivalent amount in U.S. dollars;  |

| 38 |

| ● | whether                                                                                                                              
 interest will be payable in cash or additional debt securities at our or the holders’ option and the terms and conditions upon       
 which the election may be made;                                                                                                      |
| ● | any                                                                                                                                  
 restrictions on transfer, sale or assignment of the debt securities of the series; and                                               |
| ● | any                                                                                                                                  
 other specific terms, preferences, rights or limitations of, or restrictions on, the debt securities, any other additions or changes 
 in the provisions of the indenture, and any terms that may be required by us or advisable under applicable laws or regulations.      |

Conversion or Exchange Rights

We will set forth in the applicable prospectus supplement the terms on which a series of debt securities may be convertible into or exchangeable for our common stock or our other securities. We will include provisions as to settlement upon conversion or exchange and whether conversion or exchange is mandatory, at the option of the holder or at our option. We may include provisions pursuant to which the number of shares of our common stock or our other securities that the holders of the series of debt securities receive would be subject to adjustment.

Consolidation, Merger or Sale

Unless we provide otherwise in the prospectus supplement applicable to a particular series of debt securities, the indenture will not contain any covenant that restricts our ability to merge or consolidate, or sell, convey, transfer or otherwise dispose of our assets as an entirety or substantially as an entirety. However, any successor to or acquirer of such assets (other than a subsidiary of ours) must assume all of our obligations under the indenture or the debt securities, as appropriate.

Events of Default under the Indenture

Unless we provide otherwise in the prospectus supplement applicable to a particular series of debt securities, the following are events of default under the indenture with respect to any series of debt securities that we may issue:

| ● | if                                                                                                                                         
 we fail to pay any installment of interest on any series of debt securities, as and when the same shall become due and payable, and        
 such default continues for a period of 90 days; provided, however, that a valid extension of an interest payment period by us in           
 accordance with the terms of any indenture supplemental thereto shall not constitute a default in the payment of interest for this         
 purpose;                                                                                                                                   |
| ● | if                                                                                                                                         
 we