Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 11

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 11
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 Company Agreement, dated as of July 26, 2022, and without further amendment, by and among Kestrel and the Kestrel equityholders;

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“Kestrel merger consideration” means, collectively, the Kestrel earnout shares, Kestrel closing cash consideration and the right of the Kestrel equityholders to receive Bermuda NewCo common shares pursuant to the second merger in accordance with the terms of the combination agreement;

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“Kestrel units” means the Class A Units and Class B Units of Kestrel, in each case, with the rights and preferences set forth in the Kestrel LLCA;

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“KILH” means Kestrel Intermediate Ledbetter Holdings LLC, a Texas limited liability company;

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“Ledbetter registration and investor rights agreement” means that certain Registration and Investor Rights Agreement, by and between Bermuda NewCo and KILH;

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“Maiden” means Maiden Holdings, Ltd., a Bermuda exempted company limited by shares;

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“Maiden board” means the board of directors of Maiden;

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“Maiden bye-laws” means the Bye-Laws of Maiden, as amended up to and including five (5) business days prior to December 29, 2024;

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“Maiden shareholders” means holders of Maiden shares;

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“Maiden shares” means Maiden common shares, par value $0.01 per share;

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“Maiden special meeting” means the special general meeting of Maiden shareholders held pursuant to the terms of the combination agreement in order to receive the approval of Maiden shareholders of the (i) voting cutback proposal, (ii) first merger approval bye-law proposal, (iii) first merger resolution, (iv) adjournment proposal, (v) Bermuda NewCo equity plan proposal and (vi) advisory vote on merger-related compensation proposal;

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“merger consideration” means the right of holders of Maiden shares (other than dissenting shares or treasury shares held by Maiden) as of the record date for the Maiden special meeting to receive consideration in accordance with the combination agreement;

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“Merger Sub I” means Ranger Bermuda Merger Sub Ltd, a Bermuda exempted company limited by shares and a direct wholly owned subsidiary of US NewCo;

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“Merger Sub II” means Ranger Merger Sub 2 LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Bermuda NewCo;

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“Merger Subs” refers collectively to Merger Sub I and Merger