Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 261

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 261
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 more persons present in person at the start of the meeting and representing in person or by proxy in excess of 50% of the total issued voting shares in the Company shall form a quorum for the transaction of business; provided, however, that if the Company or a class of Members shall have only one Member, one Member present in person or by proxy shall constitute the necessary quorum for the Company or such class, as applicable 
 If within half an hour from the time appointed for the meeting a quorum is not present, then, in the case of a meeting convened on a requisition, the meeting shall be deemed cancelled                                                                                                                                                                                                                                                                                     | ​ |

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TABLE OF CONTENTS

| ​                               | ​ | ​ | MAIDEN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | ​ | ​ | BERMUDA NEWCO                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | ​ |
| ​                               | ​ | ​ | specific date, place and time announced at the meeting being adjourned, fresh notice of the date, place and time for the resumption of the adjourned meeting shall be given to each Maiden shareholder entitled to attend and vote thereat in accordance with the Maiden bye-laws.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | ​ | ​ | and, in any other case, the meeting shall stand adjourned to the same day one week later, at the same time and place or to such other day, time or place as the secretary may determine. Unless the meeting is adjourned to a specific date, place and time announced at the meeting being adjourned, fresh notice of the date, place and time for the resumption of the adjourned meeting shall be given to each Member entitled to attend and vote thereat in accordance with the Bermuda NewCo bye-laws.                                                                                                                                                                                                                                                                                                 | ​ |
| Written Consent by Shareholders | ​ | ​ | Subject to the Maiden bye-laws, anything which may be done by resolution of Maiden in general meeting or by resolution of a meeting of the Maiden shareholders may, without a meeting be done by written resolution; provided that (i) if the Maiden board determines that the signature of the last Maiden shareholder to sign must be affixed outside the United States, any such resolution shall be valid only if such resolution complies with the Maiden board determination and (ii) the resolution shall be void if the Maiden board reasonably determines, based on the advice of counsel, that the use of a resolution in writing would result in a non-de minimis adverse tax, regulatory or legal consequence