Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 616

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 616
---
 enforced, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.

Section 6.11 Fees and Expenses . Whether or not the transactions contemplated hereby are consummated, all fees and expenses incurred in connection with the transactions contemplated hereby and this Agreement shall be paid by the party incurring or required to incur such fees or expenses.

Section 6.12 Publication . The Shareholder authorizes Parent and the Company to publish and disclose publicly (including in any documents and schedules filed with any Governmental Authority and including disclosing a copy of this Agreement) the Shareholder’s identity and ownership of Parent Shares and the nature of its commitments, arrangements and understandings pursuant hereto, in each case, to the extent required under applicable Law, applicable stock exchange rules and regulations or in connection with

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any regulatory filings to be submitted in connection with the Transactions or the transactions contemplated by the AmTrust Transaction Agreements.

Section 6.13 No Partnership, Agency or Joint Venture . This Agreement is intended to create a contractual relationship between each Shareholder and the Company and is not intended to create, and does not create, any agency, partnership, joint venture or any like relationship between the parties hereto.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as a deed as of the date first above written.

### KESTREL GROUP LLC
By:

Name: 
 Title:

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[•]

By:

[ADDRESS]

Email: [•]

Parent Shares: [•]

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Annex C

| ​ | Insurance Advisory Partners LLC1270 Avenue of the Americas, Suite 1803New York, NY 10020 | ​ | ​ |     | ​ |

December 29, 2024 CONFIDENTIAL Board of Directors
Maiden Holdings Ltd. Clarendon House
2 Church Street Hamilton HM 1Bermuda Members of the Board of Directors: We understand that Maiden Holdings