Company: ALCE
Filing Date: 2025-01-24
Form Type: 8-K
Source: 0001213900-25-006385
Chunk: 1

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-24
Form: 8-K
Item: Item 1.01
Chunk 1
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) month anniversary of issuance and will expire on the five (5) year anniversary of issuance.

Original Issue Discount
Promissory Note

The Notes were issued
with an original issue discount of 20%. No interest shall accrue on the Notes unless and until an Event of Default (as defined in the
Notes) has occurred, upon which interest shall accrue at a rate of twenty percent (20.0%) per annum. The Notes mature upon the earlier
of a) April 23, 2025, b) the date on which the sum of the net proceeds of capital raises subsequent to the issuance date equals or exceeds
200% of the principal amounts due under the Notes, and (c) the closing date of the Company’s next registered offering of securities.

The Notes contain certain
Events of Default, including but not limited to (i) the Company’s failure to pay any amount of principal, interest, redemption price
or other amounts due under the Notes or any other transaction document, (ii) any default under, redemption of, or acceleration prior to
maturity of any indebtedness of the Company, as such term is defined in the transaction documents, (iii) bankruptcy of the Company or
its subsidiaries, (iv) a final judgement or judgements for the payment of money in excess of $250,000, which is not discharged or stayed
pending appeal within 60 days, and (v) any breach or failure to comply with any provision of the Note or any other transaction document.
Upon the occurrence of any Event of Default and at any time thereafter, the Purchasers shall have the right to exercise all of the remedies
under the Notes.

The Notes also provide
for redemption upon a change of control, as such term is defined under the Notes and mandatory redemption upon the receipt of net proceeds
from any offering of equity or debt by the Company.

Registration Rights
Agreement

In connection with the
Purchase Agreement, the Company also entered into a registration rights agreement with the Purchasers (the “ Registration Rights
Agreement”), requiring the Company to register the resale by the Purchasers of the Shares. The Company has agreed to file the initial
registration statement pursuant to the Registration Rights Agreement with the Securities and Exchange Commission (the “ SEC”)
within 30 days of the Closing Date, and to use its reasonable best efforts to cause such registration statement to be declared effective
by the SEC within 45 days of the Closing Date (or within 60 days of the Closing Date if the