Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 264

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 264
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 initial term and automatically
extends for additional one year terms unless otherwise unilaterally terminated.

In July of 2023, John Thomas,
one of our directors, entered into a Consulting Services Agreement with one of our US subsidiaries under which it pays Mr. Thomas a monthly
fee of $.

| Transactions with Directors                                              |     | Year Ended December 31, 
 2023                    |      |   |     | 2022 |   |
|:-------------------------------------------------------------------------|:----|:------------------------|-----:|:--|:----|:-----|:--|
|                                                                          |     | -in thousands           |      |   |     |      |   |
| Loan from Vestco, a related party to Board member and CEO Vincent Browne |     | $                       |  210 |   |     | $    | - |
| Final payment made to Vestco on November 16, 2023                        |     |                         | (210 | ) |     |      | - |
| Total                                                                    |     | $                       |    - |   |     | $    | - |

|                                                        | Director’s remuneration | Year Ended December 31, | 2023 |     |   | 2022 |
|:-------------------------------------------------------|:------------------------|:------------------------|-----:|:----|:--|-----:|
|                                                        |                         | -in thousands           |      |     |   |      |
| Remuneration in respect of services as directors       |                         | $                       |  606 |     | $ |  315 |
| Remuneration in respect to long term incentive schemes |                         |                         |    - |     |   |    - |
| Total                                                  |                         | $                       |  606 |     | $ |  315 |

| 26. | Subsequent Events |

Management has evaluated subsequent
events that have occurred through April 10, 2024, which is the date the financial statements were available to be issued and has determined
that there were no subsequent events that required recognition or disclosure in the financial statements as of and for the year ended
December 31, 2023, except as disclosed below.

On January 3, 2024, Solis’,
an indirect wholly owned subsidiary of the Company and related party, bondholders formally approved an extension of the temporary waivers
and the maturity date of the Solis Bonds until January 31, 2024, with the right to further