Company: SLMT
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001213900-25-112135
Chunk: 50

Company: Brera Holdings PLC
Filing Date: 2025-11-18
Form: 424B5
Chunk 50
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are transferred or leased has assumed our obligations under the debt securities and the indenture, we shall be discharged from all our
obligations under the debt securities and the indenture except in limited circumstances.

This covenant would not apply to any recapitalization
transaction, a change of control of us or a highly leveraged transaction, unless the transaction or change of control were structured
to include a merger or consolidation or transfer or lease of all or substantially all of our assets.

<div align='center'>11</div>

Events of Default

The term “Event of Default,” when
used in the indenture, unless otherwise indicated, means any of the following:

| ● | failure                                                                
 to pay interest for 30 days after the date payment is due and payable; |

| ● | failure                                                                                                                                   
 to pay principal or premium, if any, on any debt security when due, either at maturity, upon any redemption, by declaration or otherwise; |

| ● | failure                                 
 to make sinking fund payments when due; |

| ● | failure                                                                            
 to perform other covenants for 60 days after notice that performance was required; |

| ● | events                                                         
 in bankruptcy, insolvency or reorganization relating to us; or |

| ● | any                                                                                                                               
 other Event of Default provided in the applicable officer’s certificate, resolution of our board of directors or the supplemental 
 indenture under which we issue a series of debt securities.                                                                       |

An Event of Default for a particular series of
debt securities does not necessarily constitute an Event of Default for any other series of debt securities issued under the indenture.

If an Event of Default with respect to any series
of senior debt securities occurs and is continuing, then either the trustee for such series or the holders of a majority in aggregate
principal amount of the outstanding debt securities of such series, by notice in writing, may declare the principal amount of and interest
on all of the debt securities of such series to be due and payable immediately; provided, however, unless otherwise provided in the applicable
prospectus supplement, if such an Event of Default occurs and is continuing with respect to more than one series of senior debt securities
under the indenture, the trustee for such series or the holders of a majority in aggregate principal amount of the outstanding debt securities
of all such series of senior debt securities of equal ranking (or, if any of such senior debt securities are discount securities, such
portion of the principal amount as may be specified in the terms of