Company: BNBX
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001104659-25-105958
Chunk: 59

Company: BNB PLUS CORP.
Filing Date: 2025-11-04
Form: 424B5
Chunk 59
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 by the board
of directors of the corporation and authorized at an annual or special meeting of the stockholders by the affirmative vote of at least
two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

Directors will be elected by a plurality of the voting power of the
shares present in person or represented by proxy at the stockholders meeting and entitled to vote on the election of directors. Our Certificate
of Incorporation does not provide for a classified board of directors or for cumulative voting in the election of directors. Under Article
VIII of the Certificate of Incorporation and Section 3.13 of the By-Laws, directors may be removed by the stockholders of the Company
only for cause, and in such case only by the affirmative vote of the holders of at least a majority of the voting power of the issued
and outstanding shares of capital stock of the Company then entitled to vote in the election of directors. On December 21, 2015, the Court
of Chancery of the State of Delaware invalidated as a matter of law certain provisions of the certificate of incorporation and bylaws
of VAALCO Energy, Inc. (“”), a Delaware corporation, that permitted the removal of VAALCO’s directors by
its stockholders only for cause. In In re VAALCO Energy, Inc. Stockholder Litigation, Consol. C.A. No. 11775-VCL (Del. Ch. Dec.
21, 2015), the Court ruled from the bench to hold that, in the absence of a classified board of directors or cumulative voting, VAALCO’s
“only for-cause” director removal provisions conflict with Section 141(k) of the DGCL and are therefore invalid. Because the
Company’s Certificate of Incorporation and By-Laws contain similar “only for-cause” director removal provisions and
the Company does not have a classified board of directors or cumulative voting, the Company will not attempt to enforce the foregoing
“only for-cause” director removal provision in light of the VAALCO decision.

The authorized number of directors may be determined by the board of
directors, provided the board shall consist of at least one (1) member. No decrease in the number of directors constituting the board
of directors shall shorten the term of any incumbent director.

Vacancies occurring on our board of directors for any reason and newly
created directorships resulting from an increase in the authorized number of directors may be filled only by a vote