Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 47

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 47
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 any indemnification right or protection of any director, officer, employee or other agent existing at the time of
such amendment, repeal or adoption of an inconsistent provision for or in respect of any act, omission or other matter occurring, or
any action or proceeding accruing or arising prior to such amendment, repeal or adoption of an inconsistent provision.

Authorized but Unissued Shares of Common Stock and of Preferred Stock

We believe that the availability of the “Blank
Check” preferred stock under our Certificate of Incorporation provides us with flexibility in addressing corporate issues that
may arise. The Board of Directors has the power, subject to applicable law, to issue series of preferred stock that could, depending
on the terms of the series, impede the completion of a merger, tender offer or other takeover attempt that some, or a majority, of the
stockholders might believe to be in their best interests or in which stockholders might receive a premium for their stock over the then
prevailing market price of the stock. Our Board of Directors may issue preferred stock with voting rights or conversion rights that,
if exercised, could adversely affect the voting power of the holders of Common Stock.

The authorized shares of preferred stock, as
well as shares of Common Stock, will be available for issuance without further action by our stockholders, unless action is required
by applicable law or the rules of any stock exchange on which our securities may be listed. Having these authorized shares available
for issuance allows us to issue shares without the expense and delay of a special stockholders’ meeting. We may use additional
shares for a variety of purposes, including future public offerings to raise additional capital, to fund acquisitions and as employee
compensation. The existence of authorized but unissued shares of Common Stock and preferred stock could render more difficult or discourage
an attempt to obtain control of our company by means of a proxy contest, tender offer, merger or otherwise. The above provisions may
deter a hostile takeover or delay a change in control or management of our company.

Advance Notice Procedure

Our By-Laws provide an advance notice procedure
for stockholders to nominate director candidates for election or to bring business before an annual meeting of stockholders. Only persons
nominated by, or at the direction of, our Board of Directors or by a stockholder of record who has given proper and timely notice to
our secretary prior to the meeting at which such stockholder is entitled to vote and appears, will be eligible for election as a director.
In addition, any proposed business other