Company: KAVL
Filing Date: 2025-06-16
Form Type: S-3
Source: 0001731122-25-000885
Chunk: 50

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-16
Form: S-3
Chunk 50
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 between us and a bank or other financial institution, as unit agent. We may add, replace or terminate
unit agents from time to time. We will identify the unit agreement under which each series of units will be issued and the unit agent
under that agreement in the applicable prospectus supplement.

The following provisions will generally apply to all
unit agreements unless otherwise stated in the applicable prospectus supplement.

Enforcement of Rights

Unless otherwise provided in the applicable prospectus
supplement, the following provisions will apply to any units we issue pursuant to this prospectus. The unit agent under a unit agreement
will act solely as our agent in connection with the units issued under that agreement. The unit agent will not assume any obligation or
relationship of agency or trust for or with any holders of those units or of the securities comprising those units. The unit agent will
not be obligated to take any action on behalf of those holders to enforce or protect their rights under the units or the included securities.

Except as indicated in the next paragraph, a holder
of a unit may, without the consent of the unit agent or any other holder, enforce its rights as holder under any security included in
the unit, in accordance with the terms of that security and the indenture, warrant agreement, rights agreement or other instrument under
which that security is issued. Those terms are described elsewhere in this prospectus under the sections relating to debt securities,
preferred stock, common stock, or warrants, as relevant.

Notwithstanding the foregoing, a unit agreement may
limit or otherwise affect the ability of a holder of units issued under that agreement to enforce its rights, including any right to bring
a legal action, with respect to those units or any securities, other than debt securities, that are included in those units. Limitations
of this kind will be described in the applicable prospectus supplement.

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Modification without Consent of Holders.
Unless otherwise provided in the applicable prospectus supplement, the following provisions will apply to any units we issue pursuant
to this prospectus. We and the applicable unit agent may amend any unit or unit agreement without the consent of any holder:

| ● | to cure any ambiguity; |

| ● | to correct or supplement any defective or inconsistent provision; or |

| ● | to make any other change that we believe is necessary or desirable and will not adversely affect the interests of the affected holders in any material respect. |

We do not need any approval to make changes that affect
only units to be issued