Company: KAVL
Filing Date: 2025-02-21
Form Type: PRE 14C
Source: 0001731122-25-000278
Chunk: 17

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-21
Form: PRE 14C
Chunk 17
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 Suite 130 Melbourne, FL 32935                                                                                                                          |

<div align='center'>12

INTEREST OF CERTAIN PERSONS IN OR OPPOSITION TO MATTERS TO BE ACTED UPON</div>

No person who has been our officer or director, or
to our knowledge, any of their associates, has any substantial interest, direct or indirect, by security holdings or otherwise in any
matter to be acted upon. None of our directors opposed the actions to be taken by the Company.

<div align='center'>DISSENTERS’ RIGHTS</div>

There are no rights of appraisal or similar rights
of dissenters with respect to any matter described in this Information Statement.

<div align='center'>EXPENSE OF INFORMATION STATEMENT</div>

The expenses of mailing this Information Statement
will be borne by the Company, including expenses in connection with the preparation and mailing of this Information Statement and all
documents that now accompany or may hereafter supplement it. It is contemplated that brokerage houses, custodians, nominees and fiduciaries
will be requested to forward the Information Statement to the beneficial owners of common stock held of record by such persons and that
the Company will reimburse them for their reasonable expenses incurred in connection therewith.

<div align='center'>STOCKHOLDERS’ RIGHTS</div>

The elimination of the need for a special meeting
of the stockholders to approve the actions described in this Information Statement is authorized by the DGCL which provides that any action
required or permitted to be taken at a meeting of stockholders of a corporation may be taken without a meeting, before or after the action,
if a written consent thereto is signed by the stockholders holding at least a majority of the voting power. In order to eliminate the
costs and management time involved in holding a special meeting and in order to effect the action disclosed herein as quickly as possible
in order to accomplish the purposes of our Company, we chose to obtain the written consent of a majority of our voting power to approve
the action described in this Information Statement.

<div align='center'>STOCKHOLDERS SHARING THE SAME LAST NAME AND ADDRESS</div>

The SEC has adopted rules that permit companies and
intermediaries such as brokers to satisfy delivery requirements for proxy and information statements with respect to two or more stockholders
sharing the same address by delivering a single proxy or information statement addressed to those stockholders. This process, which is
commonly referred to as “householding,” potentially provides extra convenience for stockholders and cost