Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 30

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 30
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, that in the event that such class of preferred
shares shall have the right to more than one (1) vote for each share thereof, such authorization and designation shall also require the
affirmative vote of 100% of the outstanding Class B Ordinary Shares, voting as a separate class. The convening of the meeting, the shareholders
entitled to participate and the vote required to be obtained at such a meeting will be subject to the requirements set forth in the Companies
Law and REE’s Amended and Restated Articles, as described above under the paragraphs titled “- Shareholder Meetings,”
“- Quorum” and “- Vote Requirements.”

Borrowing Powers

Pursuant to the Companies Law and REE’s Amended and Restated
Articles, REE’s board of directors may exercise all powers and take all actions that are not required under law or under its Amended
and Restated Articles to be exercised or taken by its shareholders, including the power to borrow money for company purposes.

Changes in Capital

REE’s Amended and Restated Articles enable it to increase or
reduce its share capital, provided that the creation of a new class of shares with more than one vote per share shall be considered a
modification of the Class B Ordinary Shares. Any such changes are subject to Israeli law and must be approved by a resolution duly passed
by REE’s shareholders at a general meeting of shareholders, provided that modification to the rights attached to the Class B Ordinary
Shares shall require approval of shareholders holding 100% of the then issued Class B Ordinary Shares. In addition, transactions that
have the effect of reducing capital, such as the declaration and payment of dividends in the absence of sufficient retained earnings or
profits, require the approval of both REE’s board of directors and an Israeli court.

Exclusive Forum

REE’s Amended and Restated Articles provide that unless it consents
in writing to the selection of an alternative forum, the federal district courts of the United States of America shall be the exclusive
forum for the resolution of any complaint asserting a cause of action arising under the Securities Act. REE’s Amended and Restated
Articles also provide that unless REE consents in writing to the selection of an alternative forum, the competent courts in Tel Aviv,
Israel shall be the exclusive forum for any derivative action or proceeding brought on behalf of REE, any action asserting a breach of
a fiduciary duty owed by any of REE’s directors, officers or other employees to RE