Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 67

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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, subject to adjustment as described herein and in the Amended and Restated Articles, and (v) prior to the closing of the initial
Business Combination, only holders of the Class B Ordinary Shares are entitled to vote on (x) the appointment and removal of directors
or (y) continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend the Company’s
constitutional documents or to adopt new constitutional documents, in each case, as a result of the Company approving a transfer by way
of continuation in a jurisdiction outside the Cayman Islands).

IPO
Promissory Note — Related Party

The
Sponsor agreed to loan the Company an aggregate of up to $300,000 to be used for a portion of the expenses of the Initial Public Offering
pursuant to an unsecured promissory note (the “IPO Promissory Note”). The loan was non-interest bearing, unsecured and due
at the earlier of December 31, 2025 or the closing of the Initial Public Offering. The Company borrowed $207,494 under the IPO Promissory
Note and repaid the full amount of $207,494 on June 2, 2025. As of September 30, 2025, borrowings under the IPO Promissory Note are no
longer available.

Administrative
Services Agreement

Commencing
on the date the securities of the Company were first listed, May 28, 2025, the Company entered into an agreement with the Sponsor to
pay an aggregate of $22,900 per month for office space, utilities, and secretarial and administrative support. These monthly fees will
cease upon the completion of the initial Business Combination or the liquidation of the Company. For the three months ended September
30, 2025 and for the period from January 7, 2025 (inception) through September 30, 2025, $68,700 and $91,600 was incurred in this service
respectively. For the three months ended September 30, 2025 and for the period from January 7, 2025 (inception) through September 30,
2025, $22,900 was paid for these services.

Working
Capital Loans

In
order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of
the Company’s officers and directors may, but are not obligated to,