Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 23

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 23
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itors; |

| ● | appointment of directors, including external directors (if applicable); |

| ● | approval of certain related party transactions; |

| ● | increases or reductions of authorized share capital; |

| ● | a merger; and |

| ● | the exercise of the board of director’s powers by a general meeting,                                                                  
 if the board of directors is unable to exercise its powers and the exercise of any of its powers is required for proper management of 
 the company.                                                                                                                          |

The Companies Law requires that a notice of any annual general meeting
or special general meeting be provided to shareholders at least 21 days prior to the meeting and, if the agenda of the meeting includes
(among other things) the appointment or removal of directors, the approval of transactions with office holders or interested or related
parties, or an approval of a merger, notice must be provided at least 35 days prior to the meeting. Under the Companies Law and REE’s
Amended and Restated Articles, shareholders are not permitted to take action by way of written consent in lieu of a meeting.

Quorum

Pursuant to REE’s Amended and Restated Articles, the quorum required
for REE’s general meetings of shareholders consists of at least two shareholders present in person or by proxy who hold or represent
at least 33⅓% of the total outstanding voting power of its shares, except that if (i) any such general meeting was initiated by
and convened pursuant to a resolution adopted by the board of directors and (ii) at the time of such general meeting REE qualifies as
a “foreign private issuer,” the requisite quorum will consist of two or more shareholders present in person or by proxy who
hold or represent at least 25% of the total outstanding voting power of its shares. Notwithstanding the foregoing, a quorum for a general
meeting shall also require the presence in person or by proxy of at least one shareholder holding Class B Ordinary Shares if such shares
are outstanding. The requisite quorum may be present within half an hour of the time fixed for the commencement of the general meeting.
A general meeting adjourned for lack of a quorum shall be adjourned either to the same day in the next week, at the same time and place,
to such day and at such time and place as indicated in the notice to such meeting, or to such day and at such time and place as the chairperson
of the meeting shall determine. At the reconvened