Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 588

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 588
---
2(f) , 3(d) , 4(d) , 8 , 9 , 10 , 11 , 12 , 15 , 17 , 18 , 19(h) and this 19(k) , which shall survive such termination.

<div align='center'>[ S ignatureP ageF ollows ]

B-2-28</div>

**TABLE OF CONTENTS

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

COMPANY:**

### RANGER BERMUDA TOPCO LTD
By:

Name: 
 Title:

<div align='center'>[ S ignatureP age toR egistration andI nvestorR ightsA greement ]</div>

**TABLE OF CONTENTS

HOLDER:**

### AMTRUST FINANCIAL SERVICES, INC.
By:

Name: 
 Title:

<div align='center'>[ S ignatureP age toR egistration andI nvestorR ightsA greement ]</div>

TABLE OF CONTENTS

### ANNEX A
<div align='center'>Plan of Distribution</div>

Each Qualified Shareholder of Common Shares, any Permitted Transferee of such Qualified Shareholder or any Transferee of twenty-five percent (25%) or greater of the Common Shares issued by the Company to such Qualified Shareholder at the Closing may, from time to time, sell any or all of their securities covered hereby on the Nasdaq Capital Market or any other stock exchange, market or trading facility on which the securities are traded or in private transactions. These sales may be at fixed or negotiated prices. Each Qualified Shareholder may use any one or more of the following methods when selling securities:

•

ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

•

block trades in which the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block as principal to facilitate the transaction;

•

purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

•

an exchange distribution in accordance with the rules of the applicable exchange;

•

privately negotiated transactions;

•

settlement of short sales;

•

in transactions through broker-dealers that agree with the Qualified Shareholder to sell a specified number of such securities at a stipulated price per security;

•

through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

•

an underwritten offering;