Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 723

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 723
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 . On the Closing Date, effective immediately prior to the Merger Effective Time and conditioned upon the Closing: (a) Cantor hereby, without any further action by Cantor, the SPAC or any other Person, irrevocably surrenders for cancellation and forfeits to the SPAC each Forfeited Sponsor Warrant, which shall thereupon be deemed automatically cancelled and no longer be issued or outstanding, and no New PubCo Public Warrant or other consideration shall be delivered or deliverable in exchange therefor; and (b) the SPAC shall thereupon take such action as may be necessary or appropriate to cause Continental Trust to record the cancellation of the Forfeited Sponsor Warrants and to take any and all such actions to give effect thereto. Article III LOCK-UP OF SPONSORS’ SECURITIES 3.1 Lock-up . (a) The Insider Letter provides, among other things, that the SPAC Class B Ordinary Shares, Placement Units, SPAC Class A Ordinary Shares and SPAC Placement Warrants held by the Sponsors shall only be transferable upon the happening of certain events. Effective as of the Merger Effective Time, and conditioned upon the Closing, the Insider Agreement shall automatically, without further action of any Person, be terminated and of no further force and effect. Annex C-3 (b) Effective at the Merger Effective Time, the Sponsors shall not Transfer (the “ Lock-up ”) any of the Lock-up Securities until the earlier of (the “ Lock-up Period ”): (i) the date that is 180 days following the Closing Date; (ii) the first date on which the Securities Price meets or exceeds $13.50 for 20 Trading Days out of any consecutive 30 Trading Days (but no earlier than the date that is 90 days after the Closing Date); and (iii) immediately prior to (but conditioned upon) the occurrence of a Liquidation Event, in each case except to a Permitted Transferee as expressly permitted by Section 3.1(c) below. For the avoidance of doubt, the Lock-up during the Lock-up Period shall continue to apply to the Lock-up Securities following their transfer to a Permitted Transferee. (c) Notwithstanding the provisions set forth in Section 3.1(b) , the Sponsors, or any Permitted Transferee, as applicable, may Transfer any or all of the Lock-up Securities during the Lock-up Period: (i) (A) to any direct or