Company: KITTW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001849820-25-000242
Chunk: 41

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 41
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, an “

#### Dividend Election Notice
”) to each Holder of the Preferred Shares on or prior to the tenth (10 th ) Trading Day immediately prior to the applicable Dividend Date (each, an “

#### Dividend Notice Due Date
”) (the date such notice is delivered to all of the Holders, the “

#### Dividend Notice Date
”) which notice (i) either (A) confirms that Dividend to be paid on such Dividend Date shall be paid entirely in Dividend Shares or (B) elects to effect a Capitalized Dividend or a combination of Capitalized Dividend and a payment in Dividend Shares and specifies the amount of Dividend that shall be a Capitalized Dividend and the amount of Dividend, if any, that shall be paid in Dividend Shares and (ii) certifies that there has been no Equity Conditions Failure. If an Equity Conditions Failure has occurred as of the Dividend Notice Date, then unless the Company has elected to effect a Capitalized Dividend, the Dividend Election Notice shall indicate that unless such applicable Holder waives the Equity Conditions Failure, the Dividend shall

<div align='center'>A-2</div>

### APPENDIX A
be effected as a Capitalized Dividend. Notwithstanding anything herein to the contrary, if no Equity Conditions Failure has occurred as of the Dividend Notice Date, but an Equity Conditions Failure occurs at any time prior to the Dividend Date, (A) the Company shall provide each Holder a subsequent notice to that effect and (B) unless such applicable Holder waives the Equity Conditions Failure, the Dividend shall be paid to such Holder in cash. Dividend to be paid on a Dividend Date in Dividend Shares shall be paid in a number of fully paid and nonassessable shares (rounded to the nearest whole share) of Common Stock equal to the quotient of (1) the amount of Dividend payable on such Dividend Date less any Capitalized Dividend and (2) the Dividend Conversion Price in effect on the applicable Dividend Date.

(b) When any Dividend Shares are to be paid on a Dividend Date to a Holder, the Company shall (i) (A) provided that the Company’s transfer agent (the “

#### Transfer Agent
”) is participating in the Depository Trust Company (“

#### DTC
”) Fast Automated Securities Transfer Program (“

#### FAST
”), credit such aggregate number of Dividend Shares to which such Holder shall be entitled to such