Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 335

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 335
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, due to reductions in value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under Cohen Circle’s indemnity of the underwriters in its initial public offering against certain liabilities, including liabilities under the Securities Act. In the event that an executed waiver is deemed to be unenforceable against a third party, then Cohen Circle Sponsor I, LLC will not be responsible to the extent of any liability for such third -partyclaims. Cohen Circle has not independently verified whether Cohen Circle Sponsor I, LLC has sufficient funds to satisfy its indemnity obligations and believes that Cohen Circle Sponsor I, LLC’s only assets are securities of Cohen Circle. None of Cohen Circle’s other officers will indemnify it for claims by third parties including, without limitation, claims by vendors and prospective target businesses. In the event that the proceeds in the Trust Account are reduced below (i) $10.05 per public share or (ii) such lesser amount per public share held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes, and Cohen Circle Sponsor I, LLC asserts that it is unable to satisfy its indemnification obligations or that it has no indemnification obligations related to a particular claim, Cohen Circle’s independent directors would determine whether to take legal action against Cohen Circle Sponsor I, LLC to enforce its indemnification obligations. While Cohen Circle currently expects that its independent directors would take legal action on its behalf against Cohen Circle Sponsor I, LLC to enforce its indemnification obligations to Cohen Circle, it is possible that Cohen Circle’s independent directors in exercising their business judgment may choose not to do so in any particular instance. Accordingly, Cohen Circle cannot assure that due to claims of creditors the actual value of the per -shareredemption price will not be substantially less than $10.05 per share. Cohen Circle will seek to reduce the possibility that Cohen Circle Sponsor I, LLC will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all third parties (other than Cohen Circle’s independent registered public accounting firm), prospective target businesses or other entities with which Cohen Circle does business execute agreements with it waiving any right, title, interest or claim of any kind in or to monies