Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 719

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 719
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as defined in the SPAC IPO Prospectus). WHEREAS , as of the date hereof, Cantor is the holder of record and “beneficial owner” of 270,000 Placement Units. WHEREAS , concurrently with the execution and delivery of this Agreement, the Seller, the Company, New PubCo, the Merger Sub and the SPAC have entered into a business combination agreement dated as of the date hereof (the “ Business Combination Agreement ”), pursuant to which, among other matters, the Seller will sell the Company to New PubCo and the Merger Sub will be merged with and into the SPAC, on the terms and subject to the conditions set forth therein. WHEREAS , in connection with the consummation of the Transactions: (a) all 445,000 and 270,000 of the New PubCo Securities to be issued to CCS I and Cantor, respectively, at Closing, in exchange for the SPAC Class A Ordinary Shares underlying the Placement Units, following the conversion of the Placement Units into SPAC Class A Ordinary Shares and SPAC Placement Warrants, will not be subject to a lock-up or vesting; (b) the Sponsors will forfeit 2,155,000 SPAC Class B Ordinary Shares (the “ Forfeited Sponsor Shares ”), (c) CCS I will forfeit 148,333.33 SPAC Placement Warrants, which represent all of the SPAC Placement Warrants underlying the Placement Units held by CCS I following the conversion of the Placement Units into SPAC Class A Ordinary Shares and SPAC Placement Warrants (the “ Forfeited Sponsor Warrants ”), (d) Cantor will forfeit 90,000 SPAC Placement Warrants, which represent all of the SPAC Placement Warrants underlying the Placement Units held by Cantor following the conversion of the Placement Units into SPAC Class A Ordinary Shares and SPAC Placement Warrants (the “ Forfeited Cantor Warrants ”), (e) 4,312,500 of the New PubCo Securities to be issued to the Sponsors at Closing in exchange for their SPAC Class A Ordinary Shares (resulting from the preceding conversion from the SPAC Class B Ordinary Shares in accordance with the conversion mechanics set forth in the SPAC Governing Documents) will be subject to a lock-up (the “ Lock-up Securities ”); and (iii) 1,437,500 of the New PubCo Securities to be issued for the benefit of the Sponsors at Closing in