Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 160

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 160
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 equityholders are expected to own approximately 35.2% of the issued and outstanding Bermuda NewCo

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TABLE OF CONTENTS

common shares, in each case excluding (i) the potential contingent consideration that may become payable to the former Kestrel equityholders and (ii) the 44,750,678 Bermuda NewCo common shares that will be held by Maiden Re.

#### Governmental and Regulatory Approvals
Each of the parties has agreed, subject to the terms and conditions of the combination agreement, to use its reasonable best efforts to take, or cause to be taken, all actions, and do, or cause to be done, and assist and cooperate with the other parties in doing, all things necessary, proper or advisable to cause the conditions to the closing to be satisfied as promptly as reasonably practicable and to consummate and make effective the transaction as promptly as reasonably practicable, including:

•

using reasonable best efforts to take all such actions contemplated by the terms of the Statutory Merger Agreement;

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otherwise using reasonable best efforts to prepare and file promptly and fully all documentation to effect all necessary filings, notices, petitions, statements, registrations, submissions of information, applications and other documents; and

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using reasonable best efforts to execute and deliver any additional instruments necessary, proper or advisable to consummate the transaction.

Each of the parties has further agreed, subject to the terms and conditions of the combination agreement, to use its reasonable best efforts to:

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obtain all consents, waivers, approvals, licenses, franchises, permits, certificates, orders, non-objections or authorizations from any governmental authority or third party necessary, proper or advisable to consummate the transaction, including any such consents required under certain insurance laws (as specified in the combination agreement) and applicable antitrust laws;

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take any and all steps that are necessary, proper or advisable to avoid each and every impediment under any applicable law that may be asserted by, or action, suit or proceeding that may be entered by, any governmental authority with respect to the combination agreement or any ancillary agreement thereto or the transaction, as promptly as practicable; and

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defend or contest in good faith any action, suit or proceeding by any third party (including any governmental authority), whether judicial or administrative, challenging the combination agreement or any ancillary agreement thereto or that would otherwise reasonably be expected to prevent or impede, interfere with, hinder or delay in any material respect the consummation of the transaction