Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 71

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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holders in connection with an initial Business Combination;
provided that such conversion of Founder Shares will never occur on a less than one-for-one basis.

14

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Holders of record of the Ordinary Shares are entitled
to one vote for each share held on all matters to be voted on by shareholders. Unless specified in the Amended and Restated Articles or
as required by the Companies Act (As Revised) of the Cayman Islands or stock exchange rules, an ordinary resolution under Cayman Islands
law and the Amended and Restated Articles, which requires the affirmative vote of at least a majority of the votes cast by such shareholders
as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company is
generally required to approve any matter voted on by our shareholders. Approval of certain actions requires a special resolution under
Cayman Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds of the votes cast by such shareholders
as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting (a “Special
Resolution”), and pursuant to the Amended and Restated Articles, such actions include amending the Amended and Restated Articles
and approving a statutory merger or consolidation with another company. There is no cumulative voting with respect to the appointment
of directors, meaning, following an initial Business Combination, the holders of more than 50% of the Ordinary Shares voted for the appointment
of directors can elect all of the directors. Prior to the consummation of the initial Business Combination, only holders of the Class B
Ordinary Shares have the right to vote on (i) the appointment and removal of directors and (ii) continuing the company in a jurisdiction
outside the Cayman Islands (including any Special Resolution required to amend the 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).
Holders of the Class A Ordinary Shares are not entitled to vote on these matters during such time. These provisions of the Amended
and Restated Articles may only be amended if approved by a Special Resolution passed by the affirmative vote of at least 90