Company: SLMT
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001213900-25-112135
Chunk: 56

Company: Brera Holdings PLC
Filing Date: 2025-11-18
Form: 424B5
Chunk 56
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 or covenant defeasance 
 and that defeasance or covenant defeasance will not otherwise alter the holders’ U.S. federal income tax treatment of principal,             
 premium and interest, if any, payments on the series of debt securities; and                                                                 |

| ● | in                                                                                                                                     
 the case of subordinated debt securities, no event or condition shall exist that, based on the subordination provisions applicable to  
 the series, would prevent us from making payments of principal of, premium and interest, if any, on any of the applicable subordinated 
 debt securities at the date of the irrevocable deposit referred to above or at any time during the period ending on the 91st day after 
 the deposit date.                                                                                                                      |

In the case of a defeasance by us, the opinion
we deliver must be based on a ruling of the Internal Revenue Service issued, or a change in U.S. federal income tax law occurring, after
the date of the indenture, since such a result would not occur under the U.S. federal income tax laws in effect on such date.

Although we may discharge or decrease our obligations
under the indenture as described in the two preceding paragraphs, we may not avoid, among other things, our duty to register the transfer
or exchange of any series of debt securities, to replace any temporary, mutilated, destroyed, lost or stolen series of debt securities
or to maintain an office or agency in respect of any series of debt securities.

Modification of the Indenture

The indenture provides that we and the trustee
may enter into supplemental indentures without the consent of the holders of debt securities to:

| ● | secure                                                                                                    
 any debt securities and provide the terms and conditions for the release or substitution of the security; |

| ● | evidence                                                      
 the assumption by a successor corporation of our obligations; |

| ● | add                                                             
 covenants for the protection of the holders of debt securities; |

| ● | add                               
 any additional events of default; |

| ● | cure                                                                   
 any ambiguity or correct any inconsistency or defect in the indenture; |

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| ● | add                                                                                                                                     
 to, change or eliminate any of the provisions of the indenture in a manner that will become effective only when there is no outstanding 
 debt security which is entitled to the benefit of the provision as to which the modification would apply;                               |

| ● | establish                                            
 the forms or terms of debt securities of any series; |

| ●