Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 248

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 248
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 maintain all director and officer indemnification provisions in Cohen Circle’s and VEON Holdings’ respective governing documents for a period of six years following the Closing; •each party agrees to cooperate fully with matters relating to the Intended Tax Treatment and with respect to certain tax matters, and in connection therewith take certain actions and abide by certain covenants with respect to tax matters pertaining to the Business Combination Agreement; •Cohen Circle and VEON Holdings agreed to give each other the opportunity to participate in the defense, settlement or prosecution of any shareholder or stockholder legal proceedings commenced after the date of the Business Combination Agreement related to the matters therein; •Cohen Circle, Kyivstar Group Ltd. and VEON Holdings agree to cooperate to establish an equity incentive plan for directors, officers, employees and independent contractors of Kyivstar Group Ltd.; •VEON Holdings agrees to deliver to Cohen Circle for inclusion in this proxy statement/prospectus the PCAOB Audited Financials; •the Seller agrees to satisfy the Repayment Amounts to the Company in connection with the Old Bonds and VEON Holdings repay in full the April 2025 Bonds and the June 2025 Bonds and transfer the 2027 Bonds to VEON MidCo as part of the Demerger and pursuant to the 2027 Bonds Consent Solicitation; •each party agrees to notify the other party if there occurs a Sanctions Event and if it would be unlawful for the other parties to consummate the Transactions, the Sanctioned Person agrees to use its best efforts to obtain the relevant consent, permit, license, and/or other formal or informal authorization or guidance from the relevant Sanctions Authority; •Kyivstar Group Ltd., VEON Holdings and Cohen Circle agree to use their reasonable best efforts to deliver all documents that may be required by any financial advisor to facilitate the PIPE Investment; and •VEON Holdings agrees to consummate the Demerger in conjunction with VEON Intermediate Holdings and VEON MidCo. 107 Board of Directors of Kyivstar Group Ltd. The Business Combination Agreement provides that, immediately following the Closing, Kyivstar Group Ltd.’s Board will consist of up to seven directors. The initial composition of Kyivstar Group Ltd.’s Board will include one director designated by Cohen Circle and up to six directors designated by the Seller. Such designations will be made prior to the Merger Effective Time. Any subsequent Kyivstar Group Ltd. Board shall be composed in accordance with and subject to the terms and conditions of the Kyivstar Group Ltd