Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 21

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 21
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 Agreement (the “Investors’ Rights Agreement”), which became effective on July 23, 2021, pursuant to which REE
filed a registration statement registering the resale of certain registrable securities under the Securities Act of 1933, as amended (the
“Securities Act”). REE has also agreed to provide customary “piggyback” registration rights with respect to such
registrable securities and to file a resale shelf registration statement to register the resale under the Securities Act of such registrable
securities, subject to required notice provisions to other shareholders party thereto. REE has also agreed to file a resale shelf registration
statement to register the resale of Class A Ordinary Shares and warrants held by the Sponsor.

The Investors’ Rights Agreement also provides that the Sponsor
shall not transfer any of its Class A Ordinary Shares issued in connection with REE’s business combination with 10X Capital (the
“Merger”) until (i) with respect to 25% of such shares, the date that is 90 days following the closing date of the Merger
on July 22, 2021 (the “Closing Date”), and (ii) with respect to 75% of such shares, the first to occur of (x) the date that
is 12 months following the Closing Date and (y) such time as the closing price of the Class A Ordinary Shares equals or exceeds $13.00
per share for any twenty (20) trading days within any thirty (30) consecutive trading days following the Closing Date. Further, each Insider
shall not transfer any of its Class A Ordinary Shares issued in connection with the Merger until the date that is 180 days following the
Closing Date. The foregoing restrictions on transfer of the Sponsor’s and the Insiders’ Class A Ordinary Shares shall terminate
and no longer be applicable upon the date following the Closing Date on which REE completes a liquidation, merger, capital stock exchange,
or other similar transaction that results in all of REE’s shareholders having the right to exchange their Class A Ordinary Shares
for cash, securities or other property.

The Investors’ Rights Agreement also provides that REE will pay
certain expenses relating to such registrations and indemnify the securityholders against certain liabilities. The rights granted under
the Investors’ Rights Agreement supersede any prior registration, qualification, or similar rights of the parties with respect to
their REE securities or 10X Capital securities, and all such prior agreements shall be terminated.

Shareholder