Company: ALCE
Filing Date: 2025-01-07
Form Type: 8-K
Source: 0001213900-25-001620
Chunk: 0

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-07
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into Material Definitive Agreement.

On December 31, 2024 (the “ Effective
Date”), Alternus Clean Energy, Inc. (the “ Company”), Meteora Capital Partners, LP (“ MCP”),
Meteora Select Trading Opportunities Master, LP (“ MSTO”), and Meteora Strategic Capital, LLC (“ MSC”)
(collectively, the “ Seller”) entered into a Mutual Termination Agreement (the “ Agreement”), terminating
the Confirmation of an OTC Equity Prepaid Forward Transaction (the “ Forward Purchase Agreement”) dated December 3,
2024. Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Forward Purchase Agreement.

As of the Effective Date, the Forward Purchase
Agreement is terminated and is of no further force or effect, other than the section entitled “ Other Provisions - (i) Securities
Contract; Swap Agreement” and the section entitled “ Other Provisions - (d) Indemnification” of the Forward Purchase
Agreement, which will remain in full force and effect. The execution of the Agreement constitutes full satisfaction of all obligations
owed by the Company or the Seller to the other under the Forward Purchase Agreement.

As consideration for entering into the Agreement,
on the Effective Date, the Company issued a Promissory Note to the Seller in the amount of $500,000 (the “Note”), effective
as of the date of the Agreement. The Note bears an interest rate of 10% per annum, with a maturity date of January 31, 2026. The principal
and interest will be payable on or before the maturity date, with the option for prepayment at any time without penalty. The Note includes
standard provisions regarding events of default, rights of the holder upon default, and costs of collection.