Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 24

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 24
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 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 Meetings

Under Israeli law, REE is required to hold an annual general meeting
of its shareholders once every calendar year and no later than 15 months after the date of the previous annual general meeting. All meetings
other than the annual general meeting of shareholders are referred to in the Amended and Restated Articles as special general meetings.
REE’s board of directors may call special general meetings of its shareholders whenever it sees fit, at such time and place, within
or outside of Israel, as it may determine. In addition, the Companies Law provides that REE’s board of directors is required to
convene a special general meeting of its shareholders upon the written request of (i) any two or more of its directors, (ii) one-quarter
or more of the serving members of its board of directors or (iii) one or more shareholders holding, in the aggregate, either (a) 10% or
more of REE’s issued and outstanding shares and 1% or more of REE’s outstanding voting power or (b) 10% or more of REE’s
outstanding voting power.

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Under Israeli law, one or more shareholders holding at least 1% of
the voting rights at the general meeting of shareholders may request that the board of directors include a matter in the agenda of a general
meeting of shareholders to be convened in the future, provided that it is appropriate to discuss such a matter at the general meeting
(except with respect to the election or removal of a director, in which case