Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 417

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 417
---
 meaning the entire agreement must be accepted as a whole. The anchor tenant receives a 20% discount to the base anchor fee if a third -partytenant occupies part of the same side of the tower. There is also a volume discount of 30% when the total number of sites the tenant occupies is over 5,000. The payments are made monthly in arrears, and electricity is charged to the anchor tenant on a pass -throughbasis. In the year ended December 31, 2024, we paid $61million in fees to UTC, compared to $50million in the year ended December 31, 2023. In addition to the MLA, we have in place a Framework Sale and Purchase Agreement (Agreement No. 5000032, dated August20, 2021 (the “Framework SPA”)). According to the Framework SPA, Kyivstar must sell equipment with certain specifications to UTC. The sale price is determined under separate individual agreements. Initially, the total consideration of the Framework SPA was defined as UAH 641,250,000 (excluding VAT). On July5, 2022, the parties signed Additional Agreement No.2, which stated that the total consideration of the Framework SPA was increased to UAH 1,480,000,000 (excluding VAT). However, the exact total price of the Framework SPA shall be ultimately defined as the total price of all the individual agreements concluded between Kyivstar and UTC pursuant to the Framework SPA. To execute each individual agreement, UTC must notify Kyivstar when a given piece of equipment is ready for sale. Initially, the Framework SPA was set to expire on April30, 2023, but the agreement was extended until at least March31, 2026, as per Additional Agreement No.5, dated November11, 2024. For the years ended December31, 2023 and 2024, UTC paid us approximately $2.9million and $10.8million, respectively, pursuant to this agreement. For more information on the Ukraine Tower Company agreements, see “ Business of Kyivstar and Certain Information About Kyivstar — Ukraine Tower Company.” General Services Agreement On November21, 2018, we and VEON entered into a service agreement, pursuant to which VEON provides Kyivstar with a range of general support services, including technical and technology support, commercial operations, strategic planning, legal and regulatory advice, tax consulting, treasury operations and human resources services. This agreement 233 was effective