Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 8

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 8
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 and among Kestrel, the Kestrel equityholders, Maiden, US NewCo, Merger Sub I, Bermuda NewCo and Merger Sub II, and as it may be further amended from time to time;

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“combined company” refers collectively to Bermuda NewCo and its subsidiaries, including Maiden and Kestrel, following completion of the combination;

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“Exchange Act” means the Securities Exchange Act of 1934, as amended;

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“paying agent” means Equiniti Trust Company, LLC (or such other bank or trust company reasonably acceptable to Maiden and Kestrel);

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“first merger” means the merger through which Merger Sub I merges with and into Maiden, with Maiden surviving the merger as a direct wholly owned subsidiary of US NewCo;

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“first merger approval bye-law proposal” means the proposal to approve the amendment to Bye-Law 87 of the Maiden bye-laws;

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“first merger effective time” means the effective time of the first merger;

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“first merger resolution” means the proposal to approve the Statutory Merger Agreement and the first merger, pursuant to and in accordance with the terms of the combination agreement and the Statutory Merger Agreement;

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“GAAP” means generally accepted accounting principles in the United States;

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“governmental authority” means any government, legislature, political subdivision, court, board, regulatory or administrative agency, self-regulatory agency, commission or authority or other legislative, executive or judicial governmental entity, whether federal, national, provincial, state, local, foreign or multinational;

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“HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended;

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“IAP” means Insurance Advisory Partners LLC, financial advisor to Maiden;

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“Kestrel” means Kestrel Group LLC, a Delaware limited liability company;

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“Kestrel Business” means all businesses of Bermuda NewCo and its subsidiaries that Kestrel and its subsidiaries conducted as of immediately prior to the closing, and any extensions of such businesses or related or ancillary businesses existing thereafter;

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“Kestrel closing cash consideration” means $40,000,000 in cash payable to the Kestrel equityholders in accordance with the terms of the combination agreement;

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“Kestrel contribution” means the contribution, assignment, transfer and conveyance by each Kestrel equityholder of all of the Kestrel units owned by such Kestrel equityholder to US NewCo and the acquisition and acceptance of