Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 352

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 352
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 of their respective affiliates, for services rendered to Cohen Circle prior to or in connection with the completion of our initial business combination, including the following payments, all of which, if made prior to the completion of our initial business combination, will be paid from funds held outside the Trust Account: (i) repayment of loans made to Cohen Circle prior to the date of this prospectus by its sponsor to cover offering -relatedand organization expenses; (ii) repayment of loans that Cohen Circle’s sponsor, members of its management team or any of their respective affiliates may make to finance transaction costs in connection with 185 an intended initial business combination (provided that if Cohen Circle does not consummate an initial business combination, it may use working capital held outside the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account would be used for such repayment); (iii) payments to Cohen Circle’s sponsor or its affiliate or designee of a total of $25,000 per month for office space, utilities, and shared personnel support services; (iv) payments of $12,500 per month to R. Maxwell Smeal, our Chief Financial Officer; (v) at the closing of the initial business combination, at the option of our management team, a customary advisory fee, finder’s fee and/or success fee, to a person or entity associated with certain of Cohen Circle’s officers and directors, in an amount that constitutes a market standard advisory fee for comparable transactions and services provided; and (vi) to reimburse for any out -of -pocketexpenses related to identifying, investigation and completing an initial business combination. Cohen Circle’s audit committee will review on a quarterly basis all payments made by us to our sponsor, officers or directors or any of their controlled affiliates. After the completion of the initial business combination, directors or members of Cohen Circle’s management team who remain with Cohen Circle may be paid consulting, management or other fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed business combination. It is unlikely the amount of such compensation will be known at the time such materials are distributed, because the directors of the post -combinationbusiness will be responsible for determining officer and director compensation. Any compensation to be paid to Cohen Circle’s officers will be determined by a remuneration committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. Cohen Circle does not intend