Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 188

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 188
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B) enter into any swap or hedging transaction or other derivative agreements other than in the ordinary course of business;

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(A) make any loans, advances or capital contributions to, or investments in, any other person, other than in the ordinary course of business consistent with past practice or between Kestrel and any of its subsidiaries or between subsidiaries of Kestrel or (B) make any loans to its directors or officers, other than advances to directors, officers or employees in respect of travel or other related business expenses, in each case, in the ordinary course of business consistent with past practice;

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sell or lease to any person, in a single transaction or series of related transactions, any of its owned properties or assets whose value or purchase price exceeds $100,000 individually or $400,000 in the aggregate, except for (A) dispositions of obsolete, surplus or worn out assets or assets that are no longer used or useful in the conduct of the business of Kestrel or any of its subsidiaries, (B) transfers among Kestrel and its subsidiaries, (C) pursuant to contracts in effect on December 29, 2024 or (D) other transactions in the ordinary course of business (including in connection with cash management or investment portfolio activities) consistent with past practice;

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(A) make any acquisition (including by merger or amalgamation) of the share capital or other equity or voting interests of any other person or a material portion of the assets of any other person, in each case for consideration in excess of $100,000 individually or $250,000 in the aggregate, or (B) merge, consolidate, combine or amalgamate Kestrel or any of its subsidiaries with any person;

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except as required pursuant to the terms of any Kestrel benefit plan in effect on December 29, 2024, (A) grant to any current or former director, officer, employee or natural independent contractor of Kestrel or any of its subsidiaries any increase in compensation or benefits, (B) take any voluntary action to accelerate the vesting or lapse of restrictions or payment, or to fund or secure the payment of, any compensation or benefits, (C) establish, adopt, renew, enter into, terminate or amend any Kestrel benefit plan or collective bargaining agreement or other agreement with a labor union, works council or similar organization, (D) hire, engage or promote, or offer to hire, engage or promote, any individual or (E) waive or reduce the scope or duration of