Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 59

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 59
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 condition, acting as one class, may, on behalf of all holders of such series of debt securities, waive compliance by us with
any covenant or condition contained in the applicable indenture unless we specify that such covenant or condition cannot be so waived
at the time we establish the series.

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In addition, under each of the indentures, the
holders of a majority in aggregate principal amount of the outstanding debt securities of any series of debt securities may, on behalf
of all holders of that series, waive any past default under the applicable indenture, except:

| ● | a default in the payment of the principal of or any premium or interest on any debt securities of that series; or |

| ● | a default under any provision of the applicable indenture which itself cannot be modified or amended without the consent of the holders of each outstanding debt security of that series. |

Events of Default

Unless otherwise specified in the applicable prospectus
supplement, an “event of default,” when used in the senior indenture or the subordinated indenture with respect to any series
of debt securities issued thereunder, means any of the following:

| ● | failure to pay interest on any debt security of that series for 30 days after the payment is due; |

| ● | failure to pay the principal of or any premium on any debt security of that series when due; |

| ● | failure to deposit any sinking fund payment on debt securities of that series when due; |

| ● | failure to perform any other covenant in the applicable indenture that applies to debt securities of that series for 90 days after we have received written notice of the failure to perform in the manner specified in the applicable indenture; |

| ● | certain events in bankruptcy, insolvency or reorganization; or |

| ● | any other event of default that may be specified for the debt securities of that series when that series is created. |

If an event of default for any series of debt securities
occurs and continues, the trustee or the holders of at least 25% in aggregate principal amount of the outstanding debt securities of the
series may declare the entire principal of all the debt securities of that series to be due and payable immediately. If such a declaration
occurs, the holders of a majority of the aggregate principal amount of the outstanding debt securities of that series can, subject to
conditions, rescind the declaration.

Each of the indentures requires us to file an officers’
certificate with the