Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 194

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 194
---
 or (B) during the ordinary course of prosecution at the United States Patent and Trademark Office and state, local and foreign equivalents thereof;

•

other than in connection with claims under or in connection with contracts of insurance issued by Maiden or any of its subsidiaries, settle or compromise any pending or threatened action against Maiden or any of its subsidiaries for a cash settlement amount of more than $250,000 individually or $1,000,000 in the aggregate, or which settlement imposes any material restrictions on any of the current or future activities of Maiden and its subsidiaries or that imposes equitable relief on, or the admission of wrongdoing by, Maiden or any of its subsidiaries or any of their respective officers or directors;

•

(A) materially amend, modify, terminate or waive any right under any Maiden material contract or Maiden reinsurance contract, or (B) enter into any contract that would constitute a Maiden material contract or Maiden reinsurance contract if in effect as of December 29, 2024, in each case, except in the ordinary course of business consistent with past practice;

•

materially amend, waive or voluntarily terminate any Maiden lease, or enter into, extend or fail to exercise any renewal option under any Maiden lease, in each case, except in the ordinary course of business consistent with past practice;

<div align='center'>121</div>

TABLE OF CONTENTS

•

materially amend the Maiden investment guidelines (as defined below);

•

in relation to Maiden and any subsidiary incorporated in Bermuda, discontinue to a jurisdiction outside of Bermuda;

•

(A) change or revoke any material tax election, (B) change any annual tax accounting period, or adopt or change any material method of accounting for tax purposes, (C) file any material amended tax return, (D) enter into any closing agreement for tax purposes, (E) request or enter into any private letter ruling, technical advice memoranda or comparable rulings, decisions or advice, in each case related to taxes, (F) surrender any right to claim a refund of material taxes, or (G) settle or compromise any audit or other proceeding relating to a material amount of tax, in each case to the extent that doing so would reasonably be expected to result in a material incremental tax cost to Bermuda NewCo, the surviving companies of the mergers or any of their subsidiaries after the closing;

•

reduce or strengthen any reserves, provisions for losses or other liability amounts in respect of insurance contracts and assumed reinsurance contracts except (A) as may be required by (or, in the reasonable good faith judgment