Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 7

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 payment for the
public shares and completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation
or other distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims of creditors
and subject to the other requirements of applicable law.

The Sponsor, officers and directors have entered
into a letter agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their
founder shares and public shares in connection with the completion of the initial Business Combination or an earlier redemption in connection
with the commencement of the procedures to consummate the initial Business Combination if the Company determines it is desirable to facilitate
the completion of the initial Business Combination; (ii) waive their redemption rights with respect to their founder shares and public
shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles
of association; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their founder shares if the
Company fails to complete the initial Business Combination within the Completion Window, although they will be entitled to liquidating
distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete the initial Business
Combination within the Completion Window and to liquidating distributions from assets outside the Trust Account; and (iv) vote any founder
shares held by them and any public shares purchased during or after the Initial Public Offering (including in open market and privately-negotiated
transactions) in favor of the initial Business Combination.

The Company’s Sponsor has agreed that it
will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company,
or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar
agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per public
share and (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the Trust Account, if
less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not
apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in
the Trust Account (whether or not such