Company: SUNE
Filing Date: 2025-04-22
Form Type: S-3
Source: 0001213900-25-033892
Chunk: 46

Company: SUNation Energy, Inc.
Filing Date: 2025-04-22
Form: S-3
Chunk 46
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 but will be available in the relevant
Clearstream or Euroclear cash account only as of the business day following settlement in DTC.

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If the debt securities are cleared only through
Euroclear and Clearstream (and not DTC), you will be able to make and receive through Euroclear and Clearstream payments, deliveries,
transfers, exchanges, notices, and other transactions involving any securities held through those systems only on days when those systems
are open for business. Those systems may not be open for business on days when banks, brokers, and other institutions are open for business
in the United States. In addition, because of time-zone differences, U.S. investors who hold their interests in the securities through
these systems and wish to transfer their interests, or to receive or make a payment or delivery or exercise any other right with respect
to their interests, on a particular day may find that the transaction will not be effected until the next business day in Luxembourg or
Brussels, as applicable. Thus, U.S. investors who wish to exercise rights that expire on a particular day may need to act before the expiration
date.

Although DTC, Clearstream and Euroclear have agreed
to the foregoing procedures in order to facilitate transfers of debt securities among participants of DTC, Clearstream and Euroclear,
they are under no obligation to perform or continue to perform such procedures and such procedures may be modified or discontinued at
any time. Neither we nor any paying agent will have any responsibility for the performance by DTC, Euroclear or Clearstream or their respective
direct or indirect participants of their obligations under the rules and procedures governing their operations.

Conversion and Exchange

If any offered debt securities are convertible
at the option of the holders or exchangeable at our option, the prospectus supplement relating to those debt securities will include the
terms and conditions governing any conversions and exchanges.

Governing Law

The indentures are, and the debt securities will
be, governed by and will be construed in accordance with New York law.

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DESCRIPTION OF WARRANTS</div>

Outstanding Warrants

As of April 21, 2025, we had 652,174 shares of
the common stock that may be issued upon the exercise of outstanding warrants, all of which are fully exercisable.

Series A Warrant

Exercisability. Series A Warrants are exercisable,
at the option of each holder, in whole or in part, by