Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 228

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 228
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 cash value, as such Kyivstar Group Ltd. Warrants are expected to be out of the money on the Closing Date. (2)Includes 1,437,500 Vesting Securities that are subject to vesting conditions that will not have vested as of the Closing Date. For illustrative purposes, the cash value of all shares to be owned by the Sponsors, including the Vesting Securities, is reflected in the table. The Vesting Securities are subject to forfeiture if the applicable vesting conditions are not satisfied. Representations and Warranties In the Business Combination Agreement, Cohen Circle made certain customary representations and warranties to the Seller, including, among others, representations and warranties related to the following: •corporate matters, including organization, good standing, and qualification; •capitalization; •authority and binding effect relative to execution and delivery of the Business Combination Agreement and other Transaction Documents. •no conflict; •compliance and governmental approvals; •SEC filings and financial statements; •absence of certain changes; •litigation and proceedings; •certain business activities; •material contracts; •title to property; •Nasdaq stock market quotation; •Trust Account; •taxes; •employees and employee benefit plans; •board approval and required shareholder vote;

100 •affiliate transactions; •brokers’ and similar fees; •investigation and reliance; and •disclaimer of other warranties. In the Business Combination Agreement, the Seller, VEON Holdings, Kyivstar Group Ltd., and Merger Sub made certain customary representations and warranties to Cohen Circle, including, among others, representations and warranties related to the following: •corporate matters, including organization, good standing, and qualification of VEON Holdings, the Group Companies, Kyivstar Group Ltd. and Merger Sub; •capitalization of VEON Holdings; •authority and binding effect relative to execution and delivery of the Business Combination Agreement and other Transaction Documents; •governmental filings, no conflict; •financial statements; •absence of certain changes or events; •data privacy and security; •real property, title to property; •assets; •employees; •compliance and governmental authorizations; •sanctions; anti -corruption, anti -moneylaundering laws and export control laws; •environmental matters; •litigation; •taxes; •unique suppliers; •material suppliers; •insurance; •material contracts; •brokers’ and similar fees; •affiliate agreements; and •disclaimer of other warranties. Material