Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 95

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 95
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 securities held
beneficially through Clearstream will be credited to cash accounts of Clearstream Participants in accordance with its rules and procedures,
to the extent received by the U.S. Depositary for Clearstream.

Euroclear

We understand that Euroclear was created in 1968
to hold securities for participants of Euroclear, or “Euroclear Participants,” and to clear and settle transactions between
Euroclear Participants through simultaneous electronic book-entry delivery against payment, thereby eliminating the need for physical
movement of certificates and any risk from lack of simultaneous transfers of securities and cash. Euroclear performs various other services,
including securities lending and borrowing and interacts with domestic markets in several countries. Euroclear is operated by Euroclear
Bank S.A./N.V., or the “Euroclear Operator,” under contract with Euroclear plc, a U.K. corporation. All operations are conducted
by the Euroclear Operator, and all Euroclear securities clearance accounts and Euroclear cash accounts are accounts with the Euroclear
Operator, not Euroclear plc. Euroclear plc establishes policy for Euroclear on behalf of Euroclear Participants. Euroclear Participants
include banks, including central banks, securities brokers and dealers and other professional financial intermediaries. Indirect access
to Euroclear is also available to other firms that clear through or maintain a custodial relationship with a Euroclear Participant, either
directly or indirectly. Euroclear is an indirect participant in DTC.

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The Euroclear Operator is a Belgian bank. As such
it is regulated by the Belgian Banking and Finance Commission and the National Bank of Belgium.

Securities clearance accounts and cash accounts
with the Euroclear Operator are governed by the Terms and Conditions Governing Use of Euroclear and the related Operating Procedures of
the Euroclear System, and applicable Belgian law, which we will refer to herein as the “Terms and Conditions.” The Terms and
Conditions govern transfers of securities and cash within Euroclear, withdrawals of securities and cash from Euroclear, and receipts of
payments with respect to securities in Euroclear. All securities in Euroclear are held on a fungible basis without attribution of specific
certificates to specific securities clearance accounts. The Euroclear Operator acts under the Terms and Conditions only on behalf of Euroclear
Participants, and has no record of or relationship with persons holding through Euroclear Participants.

Distributions with respect to debt securities held
beneficially through Euroclear will be credited to the cash accounts of Euroclear Participants in accordance with the Terms and