Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 218

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 218
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 the combination agreement which by applicable law would require further approval by the Maiden shareholders, in each case, without such approval.

#### Waiver
At any time prior to the closing, the parties may, to the extent permitted by applicable law:

•

waive any inaccuracies in the representations and warranties contained of the other parties;

•

extend the time for the performance of any of the obligations or other acts of any other parties; or

•

subject to the requirements of applicable law, waive compliance with any of the agreements contained in the combination agreement or, except as otherwise provided in the combination agreement, waive any of such party’s conditions.

Any agreement on the part of a party to any such extension or waiver will be valid only if set forth in an instrument in writing signed on behalf of such party.

#### Specific Performance; Third-Party Beneficiaries

#### Specific Performance
In the event of any breach or threatened breach by any other party of any covenant or obligation contained in the combination agreement, the non-breaching party is entitled to seek (a) a decree or order of specific performance to enforce the observance and performance of such covenant or obligation, and (b) an injunction, restraining such breach or threatened breach in the Court of Chancery of the State of Delaware or, if the Court of Chancery declines to accept jurisdiction, any court of the State of Delaware or of the United States located in the State of Delaware.

#### Third-Party Beneficiaries
The combination agreement is not intended to confer upon any person other than the parties thereto any rights or remedies, except:

•

if the first merger effective time occurs, the right of the holders of Maiden shares to receive the first merger consideration in accordance with the combination agreement and the right of the holders of Maiden restricted shares and Maiden options to receive the consideration payable in accordance with the combination agreement;

•

if the second merger effective time occurs, the right of the holders of US NewCo limited liability company interest to receive the second merger consideration payable in accordance with the combination agreement and the right of the holders of US NewCo restricted limited liability company interests and US NewCo options to receive the consideration payable in accordance the combination agreement; and

•

for the provisions of the combination agreement relating to indemnification and exculpation from liability for the directors and officers of Kestrel, Maiden and their subsidiaries.

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TABLE OF CONTENTS

### RELATED AGREEMENTS

#### Registration and Investor Rights Agreements
It is anticipated that Bermuda NewCo