Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 213

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 213
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 performed or complied in all material respects with the obligations and agreements required by the combination agreement to be performed or complied with by it at or prior to the closing and Maiden has received a certificate signed on behalf of Kestrel by an executive officer of Kestrel certifying that this condition has been satisfied;

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there has occurred no Kestrel material adverse effect; and

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execution and delivery at the closing of (i) the Ledbetter registration and investor rights agreement by KILH and (ii) the amended and restated option agreement by Kestrel, in each case, in order for such agreement to be in full force and effect as of the second merger effective time.

Conditions to Kestrel’s and the Kestrel Equityholders’ Obligation to Complete the Transaction

The obligations of Kestrel and the Kestrel equityholders to effect the transaction are subject to the satisfaction (or waiver by Kestrel and each of KILH and AmTrust, if permissible under applicable law) on or prior to the date of the closing of the following conditions:

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the representation and warranty of Maiden, US NewCo, Bermuda NewCo and the Merger Subs set forth in the combination agreement with respect to the absence of any effect, change, circumstance or event since December 31, 2023 that would (i) have a Maiden material adverse effect or (ii) reasonably be expected to prevent or materially impair the ability of Maiden to perform its obligations under the combination agreement or to consummate the transactions contemplated by the combination agreement is true and correct in all respects as of the date of the combination agreement and as of the date of the closing as though made as of such date;

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the representations and warranties of the Maiden, US NewCo, Bermuda NewCo and the Merger Subs set forth in the combination agreement with respect to (i) the due organization, good standing and authority to carry on its business as currently conducted, (ii) capitalization, (iii) due authorization, noncontravention and voting requirements, (iv) inapplicability of statutory anti-takeover provisions, (v) the absence of any broker or finder fees except for the fees payable to IAP and (vi) ownership of and power to vote Maiden shares by subsidiaries of Maiden, in each case, are true and correct in all material respects as of the date of the combination agreement and as of the date of the closing as though made as of such date (except to the extent expressly made as of an earlier