Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 204

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 204
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 have agreed that the other party will have the right to review in advance and, subject to any restrictions under applicable law, each will consult the other on, any filing made with, or written materials submitted to, any governmental authority in connection with the transaction and has agreed to reasonably consider comments of the other parties thereon. The parties have agreed that each of the parties will promptly

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furnish to each other copies of all such filings and written materials after their filing or submission, in each case subject to applicable laws, and further agreed that each of the parties will promptly advise each other upon receiving any communication from any governmental authority with respect to any consent necessary, proper or advisable to consummate the transaction, including promptly furnishing each other copies of any written or electronic communication, and will promptly advise each other when any such communication causes such party to believe that there is a reasonable likelihood that any such consent will not be obtained or that the receipt of any such consent will be materially delayed or conditioned. The parties will not, and will cause their affiliates not to, permit any of its representatives to participate in any live or telephonic meeting (other than non-substantive scheduling or administrative calls) with any governmental authority in respect of any filings, investigation or other inquiry relating to the transaction unless it consults with the other in advance and, to the extent permitted by applicable law and by such governmental authority, gives the other parties the opportunity to attend and participate in such meeting.

The parties have agreed that in no event will Maiden, Kestrel, the Kestrel equityholders, US NewCo, Bermuda NewCo and the Merger Subs or any of their respective affiliates be required to take or refrain from taking, any action or to suffer to exist any term, condition, obligation, restriction, requirement, limitation, qualification, remedy or other action imposed, required or requested by any governmental authority that, individually or in the aggregate with any other term, condition, obligation, restriction, requirement, limitation, qualification, remedy or other action, would or would reasonably be expected to (i) materially and adversely affect the economic benefits reasonably anticipated by such party and its affiliates to be received by them as a result of the transaction taken as a whole or (ii) impose any requirement on a party or any of its affiliates relating to the contribution of capital, keepwell or capital maintenance arrangements or maintaining risk based capital level or any restrictions on dividends or distributions (a “burdensome condition”