Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 506

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 4
Chunk 506
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 offering. However. if they purchase ordinary shares in this offering or in the open market, they would be entitled
to participate in any liquidation distribution in respect of such shares but have agreed not to convert such shares (or sell their shares
in any tender offer) in connection with the consummation of our initial business combination or an amendment to our amended and restated
memorandum and articles of association relating to pre-business combination activity.

All ongoing and future transactions
between us and any of our officers and directors or their respective affiliates will be on terms believed by us to be no less favorable
to us than are available from unaffiliated third parties. Such transactions will require prior approval by our audit committee and a majority
of our uninterested “independent” directors, or the members of our board who do not have an interest in the transaction, in
either case who had access, at our expense, to our attorneys or independent legal counsel. We will not enter into any such transaction
unless our audit committee and a majority of our disinterested “independent” directors determine that the terms of such transaction
are no less favorable to us than those that would be available to us with respect to such a transaction from unaffiliated third parties.

To further minimize conflicts
of interest, we have agreed not to consummate our initial business combination with an entity that is affiliated with any of our officers,
directors or initial shareholders, unless we have obtained (1) an opinion from an independent investment banking firm that the initial
business combination is fair to our unaffiliated shareholders from a financial point of view and (2) the approval of a majority of
our disinterested and Independent Directors (if we have any at that time). Furthermore, in no event will any of our initial shareholders,
officers, directors, special advisors or their respective affiliates be paid any finder’s fee, consulting fee or other similar compensation
prior to, or for any services they render in order to effectuate the consummation of our initial business combination.

Code of Ethics

We adopted a code of conduct
and ethics applicable to our directors, officers and employees in accordance with applicable federal securities laws. The code of ethics
codifies the business and ethical principles that govern all aspects of our business.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities
Exchange Act of 1934, as amended, or the Exchange Act, requires our executive officers, directors and persons who beneficially own more