Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 82

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 (ii) Private Placement Units (and their underlying securities), (iii) units (and their underlying securities)
that may be issued upon conversion of Working Capital Loans, if any, (iv) any Class A Ordinary Shares issuable upon conversion of the
Founder Shares and (v) any Class A Ordinary Shares held by our Sponsor at the completion of the Initial Public Offering or acquired prior
to or in connection with the initial Business Combination, are entitled to registration rights pursuant to the Registration Rights Agreement,
requiring us to register such securities for resale (in the case of the Founder Shares, only after conversion to our Class A Ordinary
Shares). These holders are entitled to make up to three demands, excluding short form demands, and have piggyback registration rights.
SAP, may only make a demand on one occasion and only during the five-year period beginning on May 27, 2025. In addition, SAP may participate
in a piggyback registration only during the seven-year period beginning on May 27, 2025. We will bear the expenses incurred in connection
with the filing of any such registration statements.

Letter
Agreement

Our
Sponsor, directors and officers have entered into the Letter Agreement with us, pursuant to which, they have waived their rights to liquidating
distributions from the Trust Account with respect to any Founder Shares held by them if we fail to complete our initial Business Combination
within the Combination Period. However, if they acquire Public Shares in or after the Initial Public Offering, they will be entitled
to liquidating distributions from the Trust Account with respect to such Public Shares if we fail to complete our initial Business Combination
within the Combination Period.

Additionally,
pursuant to the Letter Agreement, our Sponsor, directors and officers will not propose any amendment to our Amended and Restated Articles
to modify (i) the substance or timing of our obligation to allow redemption in connection with our initial Business Combination or to
redeem 100% of our Public Shares if we do not complete our initial Business Combination within the Combination Period or (ii) any other
material provisions relating to shareholders’ rights or pre-initial Business Combination activity, unless we provide our Public
Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment at a per-share price, payable in
cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account
and not previously released to us to pay our taxes, divided by the