Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 733

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 733
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 be subject to a lock-up (the “ Lock-up Securities ”); and (iii) 1,437,500 of the New PubCo Securities to be issued for the benefit of the Sponsors at Closing in exchange for their SPAC Class A Ordinary Shares (resulting from the preceding conversion from the SPAC Class B Ordinary Shares in accordance with the conversion mechanics set forth in the SPAC Governing Documents) will be subject to certain vesting conditions (the “ Vesting Securities ”), in each case on the terms and subject to the conditions set forth in this Agreement. WHEREAS , immediately following the Closing, the Sponsors will hold 6,195,000 New PubCo Common Shares, as set forth in Annex A . Annex C-1 WHEREAS , as an inducement to the New PubCo 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 6.1 . “ Business Combination Agreement ” shall have the meaning set forth in the Recitals. “ First Vesting Longstop Date ” shall mean the second anniversary of the Closing Date. “ First Vesting Tranche Condition ” shall have the meaning set forth in Section 4.1(b)(i) . “ First Vesting Tranche Securities ” shall have the meaning set forth in Section 4.1(b)(i) . “ Forfeited Cantor Warrants ” shall have the meaning set forth in the Recitals. “ Forfeited Sponsor Shares ” shall have the meaning set forth in the Recitals. “ Forfeited Sponsor Warrants ” shall have the meaning set forth in the Recitals. “ Forfeited Unvested Securities ” shall have the meaning set forth in Section 4.1(c) . “ Insider Letter ” shall mean that certain letter agreement, dated as of October 10, 2024, among the SPAC, the Sponsors and the Insiders (as such term is defined therein). “ Liquidation Event ” means a liquidation, merger, capital stock exchange, reorganization, sale of all or substantially all assets or other similar transaction involving New PubCo