Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 155

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 155
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 the Trust Account may not protect those funds from third -partyclaims against Cohen Circle. Although Cohen Circle has sought to have all vendors, service providers, prospective target businesses and other entities with which it does business (except its independent registered accounting firm) execute agreements with Cohen Circle waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of public shareholders, such parties may not execute such agreements, or even if they execute such agreements they may not be prevented from bringing claims against the Trust Account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim against Cohen Circle’s assets, including the funds held in the Trust Account. If any third party refuses to execute an agreement waiving such claims to the monies held in the Trust Account, Cohen Circle’s management will perform an analysis of the alternatives available to it and will only enter into an agreement with a third party that has not executed a waiver if management believes that such third party’s engagement would be significantly more beneficial to Cohen Circle than any alternative. Cohen Circle is not aware of any product or service providers who have not or will not provide such waiver, other than Cohen Circle’s independent registered public accounting firm. 58 Upon redemption of Cohen Circle Public Shares, if Cohen Circle does not complete its initial business combination within the prescribed timeframe, or upon the exercise of a redemption right in connection with the Business Combination, Cohen Circle will be required to provide for payment of claims of creditors that were not waived that may be brought against Cohen Circle within the ten years following redemption. Accordingly, the per share redemption amount received by public shareholders could be less than the $10.05 per public share held in the Trust Account, due to claims of such creditors. In order to protect the amounts held in the Trust Account, the Sponsors have agreed to be liable to Cohen Circle if and to the extent any claims by a vendor for services rendered or products sold to Cohen Circle, or a prospective target business with which Cohen Circle has discussed entering into a transaction agreement, reduces the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under Cohen Circle’s indemnity