Company: KITTW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001849820-25-000242
Chunk: 54

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 54
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 preferred stock of the Company then held by each such holder of Preferred Shares and/or Parity Stock, as applicable.

(a) Right of Alternate Conversion.

(i) Alternate Optional Conversion . Subject to Section 4(d), at any time, at the option of any Holder, such Holder may convert (each, an “

#### Alternate Optional Conversion
”, and the date of such Alternate Optional Conversion, an “

#### Alternate Optional Conversion Date
”) all, or any number, of Preferred Shares into shares of Common Stock (such aggregate Conversion Amount of the Preferred Shares to be converted pursuant to this Section 4(e)(i), the “

#### Alternate Optional Conversion Amount
”) at the Alternate Conversion Price (each, an “

#### Alternate Optional Conversion
”).

(ii) Alternate Conversion Upon a Triggering Event . Subject to Section 4(d), at any time after the earlier of a Holder’s receipt of a Triggering Event Notice (as defined below) and such Holder becoming aware of a Triggering Event (such earlier date, the “

#### Alternate Conversion Right Commencement Date
”) and ending (such ending date, the “

#### Alternate Conversion Right Expiration Date
”, and each such period, an “

#### Alternate Conversion Right Period
”) on the twentieth (20 th ) Trading Day after the later of (x) the date such Triggering Event is cured and (y) such Holder’s receipt of a Triggering Event Notice that includes (I) a reasonable description of the applicable Triggering Event, (II) a certification as to whether, in the reasonable opinion of the Company, such Triggering Event is capable of being cured and, if applicable, a reasonable description of any existing plans of the Company to cure such Triggering Event and (III) a certification as to the date the Triggering Event occurred and, if cured on or prior to the date of such Triggering Event Notice, the applicable Alternate Conversion Right Expiration Date, such Holder may, at such Holder’s option, by delivery of a Conversion Notice to the Company (the date of any such Conversion Notice, each an “

#### Triggering Event Conversion Date
” and together with each Alternate Optional Conversion Date, each, an “

#### Alternate Conversion Date
”), convert all, or any number of Preferred Shares (such Conversion Amount of the Preferred Shares to be converted pursuant to this Section 4(e)(ii), the “

#### Triggering Event Conversion Amount
” and together with each Alternate Optional Conversion Amount, each, an “

#### Alternate