Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 496

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 496
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reements” and “Ledbetter Registration and Investor Rights Agreement” in Section 1.01 of the Combination Agreement are hereby amended and restated in their entirety to read:

“ AmTrust Registration and Investor Rights Agreements ” means that certain Registration and Investor Rights Agreement, by and between Bermuda NewCo and AmTrust, in the form attached as Annex B-2 to the Registration Statement on Form S-4 filed by Bermuda NewCo on March 10, 2025.

“ Ledbetter Registration and Investor Rights Agreement ” means that certain Registration and Investor Rights Agreement, by and between Bermuda NewCo and Kestrel Intermediate Ledbetter Holdings LLC, in the form attached as Annex B-1 to the Registration Statement on Form S-4 filed by Bermuda NewCo on March 10, 2025.

6. No Other Waiver . Except as expressly waived and/or superseded by this Letter Agreement, the Combination Agreement remains and shall remain in full force and effect. This Letter Agreement shall not constitute an amendment or waiver of any provision of the Combination Agreement not expressly amended or waived herein and shall not be construed as an amendment, waiver or consent to any action that would require an amendment, waiver or consent, except as expressly set forth herein. Upon the execution and delivery hereof, the Combination Agreement shall thereupon be deemed to be supplemented as hereinabove set forth as fully and with the same effect as if the waivers, acknowledgments and agreements made hereby were originally set forth in the Combination Agreement. This Letter Agreement and the Combination Agreement shall each henceforth be read, taken and construed as one and the same instrument, but such waivers, acknowledgments and agreements shall not operate so as to render invalid or improper any action heretofore taken under the Combination Agreement. If and to the extent there are any inconsistencies between the Combination Agreement and this Letter Agreement with respect to the matters set forth herein, the terms of this Letter Agreement shall control. References in the Combination Agreement to the Combination Agreement shall be deemed to mean the Combination Agreement as modified and supplemented by this Letter Agreement. On and after the date of this Letter Agreement, each reference to the Combination Agreement, “this Agreement”, “hereof”, “hereunder”, “herein” or words of like import referring to the Combination Agreement shall mean and be a reference to the Combination Agreement as modified hereby; provided that references in the Combination Agreement to “the date hereof” or “the date of this Agreement” or words of like import shall continue to refer to the date of December 29,