Company: KAVL
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001731122-25-001141
Chunk: 65

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 65
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 or units in the applicable
prospectus supplement.

Exchange and/or Conversion Rights

We may issue debt securities that can be exchanged
for or converted into shares of common stock or preferred stock. If we do, we will describe the terms of exchange or conversion in the
prospectus supplement relating to these debt securities.

Transfer and Exchange

We may issue debt securities that will be represented
by either:

| ● | “book-entry securities,” which means that there will be one or more global securities registered in the name of a depositary or a nominee of a depositary; or |

| ● | “certificated securities,” which means that they will be represented by a certificate issued in definitive registered form. |

We will specify in the prospectus supplement applicable
to a particular offering whether the debt securities offered will be book-entry or certificated securities.

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Certificated Debt Securities

Those who hold certificated debt securities may transfer
or exchange such debt securities at the trustee’s office or at the paying agent’s office or agency in accordance with the
terms of the indenture. There will be no service charge for any transfer or exchange of certificated debt securities, but there may be
a requirement to pay an amount sufficient to cover any tax or other governmental charge payable in connection with such transfer or exchange.

Those who hold certificated debt securities may effect
the transfer of certificated debt securities and of the right to receive the principal of, premium, and/or interest, if any, on the certificated
debt securities only by surrendering the certificate representing the certificated debt securities and having us or the trustee issue
a new certificate to the new holder.

Global Securities

If we decide to issue debt securities in the form
of one or more global securities, then we will register the global securities in the name of the depositary for the global securities
or the nominee of the depositary and the global securities will be delivered by the trustee to the depositary for credit to the accounts
of the holders of beneficial interests in the debt securities.

The prospectus supplement will describe the specific
terms of the depositary arrangement for debt securities of a series that are issued in global form. None of us, the trustee, any payment
agent, or the security registrar will have any responsibility or liability for any aspect of the records relating to or payments made
on account of beneficial ownership interests in a global debt security or for maintaining, supervising or reviewing