Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 182

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 182
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BITDA milestones by the Kestrel Business, subject to other terms and conditions as set forth in the combination agreement and (y) 2,750,000 shares of Bermuda NewCo.

#### Representations and Warranties
The combination agreement contains a number of representations and warranties made by each party thereto that are subject in some cases to exceptions and qualifications (including exceptions that do not result in, and would not reasonably be expected to have, a “material adverse effect”). See also the definition of “material adverse effect” below. The representations and warranties in the combination agreement relate to, among other things:

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the due incorporation or organization, valid existence, good standing and qualification to do business of such party;

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the capitalization of such party and the ownership of the capital stock of each of its subsidiaries;

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the corporate power and authority of such party, the corporate authorization of the combination agreement and the transaction and the valid and binding nature of the combination agreement as to such party;

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the unanimous approval and recommendation by such party’s Board of Directors of the combination agreement and the transaction;

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the absence of any conflicts with such party’s organizational documents, applicable laws, governmental orders or certain contracts or the creation of any liens as a result of such party entering into the combination agreement, consummating the transactions contemplated by the combination agreement or performing or complying with its terms;

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the consents and approvals required from governmental entities in connection with the transaction;

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the proper filing or furnishing of required documents of Maiden with the SEC since January 1, 2022 and the accuracy of information contained in such documents;

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the accuracy of the parties’ financial statements and their compliance with GAAP;

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the absence of undisclosed liabilities;

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the accuracy of information supplied by such party in connection with this proxy statement/prospectus and the associated registration statement;

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the absence of material weaknesses relating to Maiden’s internal accounting controls; the establishment of disclosure controls and procedures and internal control over financial reporting; and the disclosure of all significant deficiencies and material weaknesses in the design and operation of, and any fraud that involves management or other employees who have a significant role in, Maiden’s internal control over financial reporting;

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such party’s conduct of its businesses in the ordinary course and the absence of a material adverse effect (as described below) since December 31, 2023;

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the absence of certain legal proceedings or outstanding injunctions, orders, judgments, rulings, decrees or writs;

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compliance with applicable laws and governmental orders since