Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 391

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 391
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 Group Ltd. or any Kyivstar Group Ltd. subsidiary, provided always that such waiver shall not extend to any matter in respect of any fraud or dishonesty which may attach to such Kyivstar Group Ltd. director or officer. The Kyivstar Group Ltd. Bye-laws further provide that Kyivstar Group Ltd. may advance money to a Kyivstar Group Ltd. director or officer for the costs, charges and expenses incurred by such Kyivstar Group Ltd. director or officer in defending any civil or criminal proceedings against him, on condition that he/she shall repay the advance if any allegation of fraud or dishonesty is proved against him/her. |
| Limitation on Liability of Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |     | Limitation on Liability                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Cayman Islands law does not limit the extent to which a company’s articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against fraud or the consequences of committing a crime.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     | The Bermuda Companies Act prohibits indemnification of directors and officers for offences of fraud or dishonesty (and any such indemnification or purported indemnification shall be void) or where any such provision may be contrary to public policy in Bermuda.                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Dissolution/Liquidation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | Liquidation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| The Cohen Circle Articles of Association provide that it will have only 21 months from the closing of the Cohen Circle IPO to complete its initial business combination. If it has not completed its initial business combination within such time period or during any extended period (an additional five months), it will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter subject to lawfully available funds therefor, redeem 100% of the offering shares in consideration of a per share price, payable in cash, equal to the quotient obtained by dividing (a) the aggregate amount then on deposit in the Trust Account including interest (net of taxes payable and less up to $100,000 of such net interest to pay dissolution expenses) by (b) the total number of then outstanding offering shares, which redemption will completely extinguish public shareholders (including the right to receive