Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 341

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 341
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 means, collectively, the transactions contemplated by this Agreement and the Ancillary Agreements, including the First Merger and the Company Contribution.

“ Transfer ” has the meaning set forth in Section 7.18(c) .

“ Treasury Regulations ” means the United States Treasury Regulations promulgated under the Code.

“ UK GDPR ” has the meaning set forth in the definition of “Company Privacy Obligations.”

“ Unaffiliated Bermuda NewCo Directors ” means all directors of the Bermuda NewCo Board other than any Holder Designees (as such term is defined in each of the Registration and Investor Rights Agreements).

“ US NewCo ” has the meaning set forth in the preamble.

“ US NewCo Award ” means a US NewCo Restricted Share or US NewCo Option, as applicable.

“ US NewCo Board ” has the meaning set forth in the recitals.

“ US NewCo Book-Entry Interest ” has the meaning set forth in Section 3.02(c) .

“ US NewCo Interests ” means the common limited liability company interests of US NewCo.

“ US NewCo Option ” has the meaning set forth in Section 3.06(a)(i) .

“ US NewCo Restricted Share ” has the meaning set forth in Section 3.06(a)(i) .

“ Voting Agreements ” has the meaning set forth in the recitals.

“ Waived 280G Benefits ” has the meaning set forth in Section 7.11(b) .

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TABLE OF CONTENTS

“ Willful Breach ” means a material breach of this Agreement that is a consequence of an act or omission undertaken by the breaching party with the Knowledge that the taking of or the omission of taking such act would, or would reasonably be expected to, cause or constitute a material breach of this Agreement.

Section 1.02 Interpretation .

(a) As used in this Agreement, references to the following terms have the meanings indicated:

(i) to the Preamble or to the Recitals, Sections, Articles, Exhibits or Schedules are to the Preamble or a Recital, Section or Article of, or an Exhibit or Schedule to, this Agreement unless otherwise clearly indicated to the contrary;

(ii) to any Contract (including this Agreement) or “organizational document” are to the Contract or organizational document as amended, modified, supplemented or replaced in accordance with the terms thereof from time to time;

(iii) to any Law are to such Law as amended, modified, supplemented