Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 725

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 725
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 Period, including the right to vote and to receive any dividends and distributions in respect of any Lock-up Securities. For the avoidance of doubt, any shares of New PubCo Securities that are not Lock-up Securities shall not be subject to the provisions of this Section 3.1 . Article IV VESTING OF SPONSOR’S SECURITIES 4.1 Vesting . (a) Effective upon the Closing, the Vesting Securities shall be unvested and shall be subject to the vesting and forfeiture provisions set forth below, and no unvested Vesting Securities may be Transferred prior to the date, if any, such Vesting Securities become vested pursuant to the below provisions. (b) The Vesting Securities shall be subject to vesting and forfeiture from and after the Closing as follows: (i) 718,750 of the Vesting Securities (the “ First Vesting Tranche Securities ”): (A) shall immediately vest and no longer be subject to forfeiture on the first date that the Securities Price meets or exceeds $15.00 for 20 Trading Days out of any consecutive 30 Trading Days (the “ First Vesting Tranche Condition ”), if such date occurs before the First Vesting Longstop Date; or (B) shall be irrevocably surrendered to New PubCo, without any consideration, effective on the first Business Day following the First Vesting Longstop Date, if the First Vesting Tranche Condition has not been satisfied on or before the First Vesting Longstop Date; and Annex C-4 (ii) 718,750 of the Vesting Securities (the “ Second Vesting Tranche Securities ”): (A) shall immediately vest and no longer be subject to forfeiture on the first date that the Securities Price meets or exceeds $20.00 for 20 Trading Days out of any consecutive 30 Trading Days (the “ Second Vesting Tranche Condition ”), if such date occurs before the Second Vesting Longstop Date; or (B) shall be irrevocably surrendered to New PubCo, without any consideration, effective on the first Business Day following the Second Vesting Longstop Date, if the Second Vesting Tranche Condition has not been satisfied on or before the Second Vesting Longstop Date. (c) If the First Vesting Tranche Securities and/or the Second Vesting Tranche Securities become subject to forfeiture in accordance with Sections 4.1(b)(i) and 4.1(b)(ii) , respectively: (i) the