Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 81

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 Combination or because we become obligated to redeem
a significant number of our Public Shares upon consummation of our Business Combination, in which case we may issue additional securities
or incur debt in connection with such Business Combination.

Contractual
Obligations

We
do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than as follows
as of September 30, 2025.

Administrative
Services Agreement

Commencing
on May 28, 2025 and until the completion of our Business Combination or liquidation, we reimburse the Sponsor, $22,900 per month for
office space, utilities, and secretarial and administrative support pursuant to the Administrative Services Agreement. For the period
from January 7, 2025 (inception) through September 30, 2025, $91,600 was incurred and paid $22,900 for these services under the Administrative
Services Agreement.

23

Underwriting
Agreement

The
Underwriters had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,300,000 Option Units
to cover over-allotments, if any. On May 29, 2025, the Underwriters elected to fully exercise the Over-Allotment Option to purchase an
additional 3,300,000 Option Units at a price of $10.00 per Option Unit.

The
Underwriters were entitled to a cash underwriting discount of 1.35% of the gross proceeds of the Initial Public Offering, $3,415,500
(including the Underwriters’ full exercise of the Over-Allotment Option), which was paid upon the closing of the Initial Public
Offering.

Additionally,
the Underwriters are entitled to the Deferred Fee of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including
the Underwriters’ full exercise of the Over-Allotment Option), payable upon the closing of an initial Business Combination. Of
such Deferred Fee, 1.20% will be paid in cash calculated based on the total gross proceeds raised in the Initial Public Offering, and
1.55% will be paid in cash calculated based on the total capital remaining in the Trust Account following all properly submitted redemptions
in connection with the consummation of the initial Business Combination.

Registration
Rights Agreement

The
holders of (i) Founder Shares,