Banpu Public Co Limited/ADR - Sep 25, 2024 Form 3 Insider Report for BKV Corp (BKV)

Role
Director, 10%+ Owner
Signature
/s/ Kathleen Lenox, attorney-in-fact for Banpu Public Company Limited
Stock symbol
BKV
Transactions as of
Sep 25, 2024
Transactions value $
$0
Form type
3
Date filed
9/25/2024, 04:41 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BKV Common Stock 63.9M Sep 25, 2024 See footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 3 is being filed jointly by Banpu Public Company Limited ("BPCL"), BOG Co., Ltd. ("BOG") and Banpu North America Corporation ("BNAC"). BNAC is a wholly owned subsidiary of BOG, which is a wholly owned subsidiary of BPCL. These securities are owned directly by BNAC and indirectly by BOG and BPCL.

Remarks:

Pursuant to a stockholders' agreement between BNAC and BKV Corporation (the "Issuer"), to be entered into upon the completion of an initial public offering of the Issuer, for so long as BNAC and BPCL beneficially own 10% or more of the Issuer's voting stock, BNAC will have the right to designate for nomination to the board of directors of the Issuer a number of individuals approximately proportionate to such beneficial ownership, subject to certain limitations set forth in such stockholders' agreement. Therefore, each of the Reporting Persons may be deemed to be a director by deputization. Exhibit List: Exhibit 24.1 - Power of Attorney for Banpu Public Company Limited; Exhibit 24.2 - Power of Attorney for BOG Co., Ltd.; Exhibit 24.3 - Power of Attorney for Banpu North America Corporation.