Company: KAVL
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001731122-25-001141
Chunk: 66

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 66
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 any records relating
to these beneficial ownership interests.

No Protection in the Event of Change of Control

The indenture does not have any covenants or other
provisions providing for a put or increased interest or otherwise that would afford holders of debt securities additional protection in
the event of a recapitalization transaction, a change of control of our company or a highly leveraged transaction. If we offer any covenants
or provisions of this type with respect to any debt securities covered by this prospectus, we will describe them in the applicable prospectus
supplement.

Covenants

Unless otherwise indicated in this prospectus or a
prospectus supplement, the debt securities will not have the benefit of any covenants that limit or restrict our business or operations,
the pledging of our assets, or the incurrence by us of indebtedness. We will describe in the applicable prospectus supplement any material
covenants in respect of a series of debt securities.

Consolidation, Merger and Sale of Assets

We will agree in the indenture that we will not consolidate
with or merge into any other person, or convey, transfer, sell or lease our properties and assets substantially as an entirety to any
person, unless:

| ● | the person formed by the consolidation or into or with which we are merged or the person to which our properties and assets are conveyed, transferred, sold, or leased, is a corporation organized and existing under the laws of the United States, any state, or the District of Columbia, or a corporation or comparable legal entity organized under the laws of a foreign jurisdiction and, if we are not the surviving person, the surviving person has expressly assumed all of our obligations, including the payment of the principal of, and premium, if any, and interest on the debt securities and the performance of the other covenants under the indenture; and |

| ● | immediately after giving effect to the transaction, no event of default, and no event which, after notice or lapse of time or both, would become an event of default, has occurred and is continuing under the indenture. |

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Events of Default

Unless otherwise specified in the applicable prospectus
supplement, the following events will be events of default under the indenture with respect to debt securities of any series:

| ● | we fail to pay any principal or premium, if any, when it becomes due and such default is not cured within 5 business days; |

| ●