Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 668

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 668
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 terms and subject to the conditions set forth therein. WHEREAS , in connection with the consummation of the Transactions, 95% of the New PubCo Securities to be issued to the Seller at Closing in consideration for the sale of the Company to New PubCo will be subject to a lock-up (the “ Lock-up Securities ”), on the terms and subject to the conditions set forth in this Agreement. WHEREAS , as an inducement to the Sponsors to enter into the Business Combination Agreement and to consummate the Transactions, the parties hereto desire to agree to certain matters as set forth herein. NOW, THEREFORE , in consideration of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby, the parties hereto hereby agree as follows: Article I DEFINITIONS 1.1 Defined Terms . For purposes of this Agreement, the following capitalized terms have the following meanings: “ Adjustment Event ” shall have the meaning set forth in Section 4.1 . “ Business Combination Agreement ” shall have the meaning set forth in the Recitals. “ Liquidation Event ” means a liquidation, merger, capital stock exchange, reorganization, sale of all or substantially all assets or other similar transaction involving New PubCo. “ Lock-up ” shall have the meaning set forth in Section 2.1 . “ Lock-up Period ” shall have the meaning set forth in Section 2.1 . “ Lock-up Securities ” shall have the meaning set forth in the Recitals. “ New PubCo Securities ” shall mean the New PubCo Common Shares from time to time, together with any securities paid as dividends or distributions with respect to such securities or into which such securities are exchanged or converted. “ Permitted Transferee ” shall mean the Persons to whom the Lock-up Securities may be Transferred in accordance with Section 2.1(b) . Annex D-1 “ Securities Price ” shall mean, on any date after the Closing, the closing sale price per share of the New PubCo Securities reported as of 4:00 p.m., New York, New York time on such date by Bloomberg, or if not available on Bloomberg, as reported by Morningstar. “ SPAC IPO Prospectus ” shall mean the final prospectus of the SPAC filed with the SEC (File No. 333-282271) on October 11, 2024. “ Trading Day ” shall mean any day on which trading is generally conducted on the Nasdaq or such other exchange on which the New PubCo Securities are