Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 243

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 243
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 other duties of the directors of Cohen Circle and the directors of Merger Sub, the Merger, the vesting of the rights, property, choses in action, business, undertaking, goodwill, benefits, immunities and privileges, contracts, obligations, claims, debts and liabilities of pursuant to the Merger, the cancellation and conversion of the SPAC Ordinary Shares as the case may be, the rights set forth in Section 238 of the Companies Act, (c) the internal corporate affairs of Kyivstar Group Ltd. shall be governed by and determined in accordance with the laws of Bermuda, and (d) the internal corporate affairs of VEON Holdings and Merger Sub shall in each case be governed by the laws of the Cayman Islands. To the extent not prohibited by applicable Law, each party has waived its rights to trial by jury in any action based upon, arising out of or related to the Business Combination Agreement, the Transaction Documents and the transactions contemplated hereby or thereby. Fees and Expenses In general, all costs and expenses incurred in connection with the Business Combination will be paid by the party incurring such expenses, whether or not the Business Combination is consummated. If the Business Combination is terminated in accordance with its terms, the Seller shall pay all fees and expenses incurred by VEON Ltd., The Seller, VEON Holdings, Kyivstar Group Ltd., Merger Sub, or any of the Ukrainian Group Companies (the “Seller Transaction Expenses”) in connection with, or otherwise related to the transactions of the Business Combination, and Cohen Circle shall pay all fees and expenses incurred by Cohen Circle or its Affiliates (the “SPAC Transaction Expenses”) in connection with, or otherwise related to the transactions of the Business Combination. If the Business Combination is consummated, Kyivstar Group Ltd. shall, on the Closing Date following the Closing, (a) pay all Seller Transaction Expenses and SPAC Transaction Expenses incurred and expected to remain unpaid as of the close of business on the Business Day immediately preceding the Closing Date and (b) reimburse or cause to be reimbursed to the applicable member of the VEON Group or Kyivstar Group Company all Seller Transaction Expenses other than the Seller Transaction Expenses described in clause (a) above, in each case, from the combined cash accounts of Cohen Circle and Cohen Circle parties after the release of funds from the Trust Account and the PIPE Investments, if any. 109 Regulatory Matters The Business Combination Agreement and the transactions contemplated by the Business Combination Agreement are subject to the receipt of any pre -Closing