Company: KITTW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001849820-25-000242
Chunk: 74

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 74
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, with the prior written consent of the Required Holder, reduce the then current Conversion Price to any amount and for any period of time deemed appropriate by the Board.

(f) Adjustments . If on either of (i) the thirtieth (30 th ) calendar day after the Initial Issuance Date or (ii) the sixtieth (60 th ) calendar day after the Initial Issuance Date, as applicable, (each, an “

#### Adjustment Date
”), the Conversion Price then in effect is greater than the greater of (A) the Floor Price and (B) the Market Price then in effect (the “

#### Adjustment Price
”), on the Adjustment Date the Conversion Price shall automatically lower to the Adjustment Price.

(g) Exchange Right . Notwithstanding anything herein to the contrary, if the Company or any of its Subsidiaries consummates any Subsequent Placement (other than with respect to Excluded Securities), and a Holder elects in writing to the Company to participate in such Subsequent Placement, each such Holder may, at the option of such Holder as elected in writing to the Company, exchange all, or any part, of the Preferred Shares of such Holder into the securities in such Subsequent Placement (with the aggregate amount of such securities to be issued in such exchange equal to such aggregate amount of such securities with a purchase price valued at 125% of the

<div align='center'>A-26</div>

### APPENDIX A
Conversion Amount of the Preferred Shares delivered by such Holder in exchange therefor).

9. Redemption at the Company’s Election . At any time, the Company shall have the right to redeem all, but not less than all, of the Preferred Shares then outstanding (the “

#### Company Optional Redemption Amount
”) on the Company Optional Redemption Date (each as defined below) (a “

#### Company Optional Redemption
”). The Preferred Shares subject to redemption pursuant to this Section 9 shall be redeemed by the Company in cash at a price (the “

#### Company Optional Redemption Price
”) equal to 125% of the greater of (i) the Conversion Amount being redeemed as of the Company Optional Redemption Date and (ii) the product of (1) the Conversion Rate with respect to the Conversion Amount being redeemed as of the Company Optional Redemption Date multiplied by (2) the greatest Closing Sale Price of the Common Stock on any Trading Day during the period commencing on the date immediately preceding such Company Optional Redemption Notice Date and ending on the Trading Day immediately prior to