Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 206

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 206
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 voted or consented) all such shares in favor of (i) the voting cutback proposal, subject to Section 33 of the Maiden bye-laws, (ii) the first merger approval bye-law proposal, (iii) the first merger resolution, (iv) the adjournment proposal and (v) any proposal that the Maiden board has determined, after consultation with Kestrel, is designed to facilitate the consummation of the first merger and the second merger, and against (x) any Takeover Proposal, (y) any action, proposal, transaction, arrangement or agreement involving Maiden or any of its subsidiaries, in each case, that would reasonably be expected to prevent, materially delay or impair the consummation of the first merger, the second merger or the other transaction on a timely basis and (z) any action, proposal, transaction, arrangement or agreement which would reasonably be expected to result in a breach of any representation, warranty, covenant or agreement of Maiden under the combination agreement.

Maiden has agreed on behalf of itself and its subsidiaries that, prior to the approval by Maiden shareholders of the first merger resolution, it and its subsidiaries will not, with Kestrel’s prior written consent, transfer or enter into any contract, option, derivative, hedging or other agreement or arrangement or understanding (including any profit- or loss-sharing arrangement) with respect to or related to any or all of Maiden shares held by Maiden’s subsidiaries or Maiden and its subsidiaries’ voting or economic interest therein, and that any attempted transfer of such shares or any interest therein in violation of the combination agreement will be null and void.

#### Maiden Investment Asset Reporting
Maiden has agreed that within seven business days after the end of each calendar month during the period between the date of the combination agreement and the date of the closing, Maiden will provide Kestrel with an updated listing of the Maiden investment assets as of the last day of the preceding calendar month and other reporting and data in respect of the Maiden investment assets that Kestrel reasonably requests.

#### Post-Closing Segment Reporting of Bermuda NewCo
Pursuant to the combination agreement, following the closing and through the date on which Bermuda NewCo files its final Annual Report on Form 10-K for the period beginning on the first day of the calendar month immediately following the calendar month in which the closing occurs and ending on the date immediately preceding the three-year anniversary of such date, subject to the requirements of applicable law and GAAP, Bermuda NewCo will cause all of Bermuda NewCo