Company: KAVL
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001731122-25-001141
Chunk: 69

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 69
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From time to time, we and the trustee may, with the
consent of holders of at least a majority in principal amount of the outstanding debt securities, amend or supplement the indenture or
the debt securities, or waive compliance in a particular instance by us with any provision of the indenture or the debt securities. We
may not, however, without the consent of each holder affected by such action, modify or supplement the indenture or the debt securities,
or waive compliance with any provision of the indenture or the debt securities in order to:

| ● | reduce the amount of debt securities whose holders must consent to an amendment, supplement or waiver to the indenture or such debt security; |

| ● | reduce the rate of or change the time for payment of interest; |

| ● | reduce the principal of or change the stated maturity of the debt securities; |

| ● | make any debt security payable in money other than that stated in the debt security; |

| ● | change the amount or time of any payment required, or reduce the premium payable upon any redemption, or change the time before which no such redemption may be made; |

| ● | waive a default in the payment of the principal of, premium, if any, or interest on the debt securities or a redemption payment; or |

| ● | take any other action otherwise prohibited by the indenture to be taken without the consent of each holder affected by the action. |

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Defeasance of Debt Securities and Certain Covenants in Certain Circumstances

The indenture will permit us, at any time, to elect
to discharge our obligations with respect to one or more series of debt securities by following certain procedures described in the indenture.
These procedures will allow us either to defease and be discharged from any and all of our obligations with respect to any debt securities
except for the following obligations (which discharge is referred to as “legal defeasance”):

| (1) | to register the transfer or exchange of such debt securities;                                                 |
| (2) | to replace temporary or mutilated, destroyed, lost, or stolen debt securities;                                |
| (3) | to compensate and indemnify the trustee;                                                                      |
| (4) | to maintain an office or agency in respect of the debt securities and to hold monies for payment in trust; or |

| (5) | to be released from our obligations with respect to the debt securities under certain covenants