<SEC-DOCUMENT>0001104659-24-131396.txt : 20250820
<SEC-HEADER>0001104659-24-131396.hdr.sgml : 20250820
<ACCEPTANCE-DATETIME>20241223174319
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-24-131396
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20241223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ategrity Specialty Holdings LLC
		CENTRAL INDEX KEY:			0002040491
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		ORGANIZATION NAME:           	02 Finance
		EIN:				824925734
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		9 WEST 57TH STREET, 33RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		(212) 509-1600

	MAIL ADDRESS:	
		STREET 1:		9 WEST 57TH STREET, 33RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ategrity Specialty Holdings LLC
		DATE OF NAME CHANGE:	20241008
</SEC-HEADER>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">1271 Avenue of the Americas<BR>
New York, New York 10020-1401<BR>
Tel: +1.212.906.1200 Fax: +1.212.751.4864<BR>
www.lw.com</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD ROWSPAN="4" STYLE="text-align: left; vertical-align: top">
    <IMG SRC="tm2428146d3_drsltrimg001.jpg" ALT=""><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD COLSPAN="2">FIRM / AFFILIATE OFFICES</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Austin</TD>
    <TD>Milan</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>Beijing</TD>
    <TD>Munich</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Boston</TD>
    <TD>New York</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Brussels</TD>
    <TD>Orange County</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Century City</TD>
    <TD>Paris</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Chicago</TD>
    <TD>Riyadh</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Dubai</TD>
    <TD>San Diego</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>D&uuml;sseldorf</TD>
    <TD>San Francisco</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Frankfurt</TD>
    <TD>Seoul</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Hamburg</TD>
    <TD>Silicon Valley</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Hong Kong</TD>
    <TD>Singapore</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Houston</TD>
    <TD>Tel Aviv</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>London</TD>
    <TD>Tokyo</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Los Angeles</TD>
    <TD>Washington, D.C.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Madrid</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">December&nbsp;23, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I><U>VIA EDGAR</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Office of Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Attention: Victor Cecco, Marc Thomas, John Stickel,
Susan Block</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; width: 0.5in; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Re:</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Ategrity Specialty Holdings LLC <BR>
Draft Registration Statement on Form S-1 <BR>
Submitted November 20, 2024 <BR>
CIK No. 0002040491</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Mr.&nbsp;Cecco, Mr.&nbsp;Thomas, Mr.&nbsp;Stickel
and Ms.&nbsp;Block:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On behalf of Ategrity Specialty
Holdings LLC, a Delaware limited liability company (the &ldquo;<B><I>Company</I></B>&rdquo;), we are providing this letter in response
to comments received from the staff (the &ldquo;<B><I>Staff</I></B>&rdquo;) of the Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;)
in its letter dated December&nbsp;18, 2024, with respect to the Company&rsquo;s Confidential Draft Registration Statement on Form&nbsp;S-1
(the &ldquo;<B><I>Registration Statement</I></B>&rdquo;). This letter is being submitted together with an amendment (&ldquo;<B><I>Amendment
No.&nbsp;1&rdquo;</I></B>) to the draft Registration Statement, which has been revised to address the Staff&rsquo;s comments. The bold
and numbered paragraphs below correspond to the numbered paragraphs in the Staff&rsquo;s letter and are followed by the Company&rsquo;s
responses. Page&nbsp;references in the text of this letter correspond to the pages&nbsp;of Amendment No.&nbsp;1. Unless otherwise indicated,
capitalized terms used herein have the meanings assigned to them in the Registration Statement. The responses and information described
below are based upon information provided to us by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Draft Registration Statement on Form&nbsp;S-1</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Prospectus Summary, page&nbsp;1</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify"><B>Consistent with your disclosure on page&nbsp;32, please disclose in the prospectus summary that you
commenced operations in 2018 and thus have a limited operating history.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges the Staff&rsquo;s
comment and has revised its disclosure on pages&nbsp;5 and 84 accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>December&nbsp;23,
2024</B></FONT><B><BR> Page&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2428146d3_drsltrimg002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify"><B>Please provide support for the following statements or revise to make it clear these are management's
beliefs:</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>the E&amp;S industry was an under-served and inefficient marketplace that was hindered by inconsistent
and antiquated processes of legacy insurance carriers;</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>many distribution partners and their end-clients were struggling with slow response times, unpredictable
underwriting capacity and subpar pricing; and</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B>many of your E&amp;S competitors do not have highly diverse distribution relationships.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on pages&nbsp;1, 6, 80, and 84 to make it clear that these statements represent
management&rsquo;s beliefs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify"><B>We note that on page&nbsp;5 you first draw the comparison between the E&amp;S market in which you operate
and admitted lines market. While we recognize that the glossary defines these terms, please clarify in the prospectus summary that the
E&amp;S market involves lines of insurance which are generally unavailable from admitted insurers due to perceived risk related to the
insured&rsquo;s business and which, consequently, are placed by surplus lines agents or brokers with insurers that are not admitted in
the subject jurisdiction. Also, briefly expand upon the distinctions between these markets in the prospectus summary, and particularly
that the non-admitted market comprises companies not licensed to transact the business of insurance but are permitted to issue insurance
policies only in accordance with an exemption from insurance licensing laws, for example, through a licensed E&amp;S lines broker.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on pages&nbsp;ii, 5, 6, and 84 accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify"><B>Please disclose in your prospectus summary that a substantial portion of your portfolio assets is allocated
to the Utility&nbsp;&amp; Infrastructure Investments, which is comprised of investments in private investment funds managed by an affiliated
entity. Also include disclose here, consistent with your disclosure later in the document, that the Utility&nbsp;&amp; Infrastructure
Investments are speculative, entail substantial risks and are subject to various conflicts of interest, and that they are made through
various commingled investment vehicles that are managed on behalf of multiple clients of the Investment Manager, and not structured in
relation to your specific financial objectives or anticipated insurance and reinsurance liabilities.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on pages&nbsp;8 and 92 accordingly. The Company respectfully submits that
the portion of the Company&rsquo;s portfolio assets allocated to the Utility&nbsp;&amp; Infrastructure Investments has decreased since
December&nbsp;31, 2023, and that the Company may revise its disclosure relating to the size of such allocation accordingly in a subsequent
amendment to the Registration Statement, following the inclusion of its <FONT STYLE="color: #231F20">audited financial statements for
the year ended December&nbsp;31, 2024.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>December&nbsp;23,
2024</B></FONT><B><BR> Page&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2428146d3_drsltrimg002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Controlled Company, page&nbsp;10</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify"><B>Please discuss here the controlling shareholders' ability to control matters requiring shareholder
approval, including the election of directors, amendment of organizational documents, and approval of major corporate transactions, such
as a change in control, merger, consolidation, or sale of assets. Further, clarify here whether you plan to rely on the &ldquo;controlled
company&rdquo; exemptions from certain corporate governance requirements. Alternatively, provide a cross-reference to the risk factor
disclosures beginning on page&nbsp;47.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on page&nbsp;11 to include a cross-reference to the risk factor disclosures
beginning on page&nbsp;49.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Risk factors</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Severe weather conditions, page&nbsp;14</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify"><B>Please address in the risk factor if any geographic areas you serve are exposed to any particular type
of weather, earthquakes or other catastrophes.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on page&nbsp;22 accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Risk factors, page&nbsp;18</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.</TD><TD STYLE="text-align: justify"><B>We note your disclosure on page&nbsp;18 referencing A.M.&nbsp;Best&rsquo;s financial strength rating
of Ategrity Specialty Holdings LLC&rsquo;s Insurance and Bermuda subsidiaries. Please revise the language throughout the document, as
appropriate to clarify that A.M.&nbsp;Best&rsquo;s financial strength rating as quoted relates to the Company&rsquo;s Insurance Subsidiary
(Ategrity Specialty Insurance Company) and the Bermuda Subsidiary (Ategrity Specialty Insurance Limited).</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on pages&nbsp;5 through 8, 19 through 20, 53, 71, 83, 85, and 93 accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Adverse economic factors, including recession,
inflation, periods of high unemployment or lower economic activity, page&nbsp;23</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>December&nbsp;23,
2024</B></FONT><B><BR> Page&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2428146d3_drsltrimg002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.</TD><TD STYLE="text-align: justify"><B>We note that you underwrite a significant portion of your insurance in California, Florida, Georgia,
New York and Texas. Please disclose the relative percentage of business in each respective state and also expand your disclosure in the
prospectus summary, MD&amp;A and business section to discuss any material concentrations.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on pages&nbsp;4, 25, 60, and 82 accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Management&rsquo;s discussion and analysis
of financial condition and results of operations, page&nbsp;59</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.</TD><TD STYLE="text-align: justify"><B>Please revise to provide a detailed discussion of the changes in financial position for each of the
periods presented.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company respectfully
submits that p<FONT STYLE="color: #231F20">ursuant to the applicable provisions of the Fixing America&rsquo;s Surface Transportation Act,
it has omitted from this Amendment No.&nbsp;1 the financial information that it reasonably believes will not be required in the Registration
Statement at the time of the contemplated offering. As a result, the presentation in &ldquo;</FONT>Management&rsquo;s discussion and analysis
of financial condition and results of operations&rdquo; <FONT STYLE="color: #231F20">does not yet include any discussion of comparative
periods, and such discussion will not be included until the Company is required to present its audited financial statements for the year
ended December&nbsp;31, 2024. As a result, the Company is not yet able to fully address the Staff&rsquo;s comment in this Amendment No.&nbsp;1.
</FONT>The Company nonetheless acknowledges the Staff&rsquo;s comment and undertakes to provide disclosure responsive to the Staff&rsquo;s
comment in a subsequent amendment to the Registration Statement following the inclusion of such audited financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Loss and loss adjustment expenses, page&nbsp;64</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.</TD><TD STYLE="text-align: justify"><B>Please revise to include a discussion which addresses and quantifies the changes in the individual
components relating to the overall changes in the incurred losses and loss adjustment expenses for the periods presented.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company respectfully
submits that p<FONT STYLE="color: #231F20">ursuant to the applicable provisions of the Fixing America&rsquo;s Surface Transportation Act,
it has omitted from this Amendment No.&nbsp;1 the financial information that it reasonably believes will not be required in the Registration
Statement at the time of the contemplated offering. As a result, the presentation in &ldquo;</FONT>Management&rsquo;s discussion and analysis
of financial condition and results of operations&rdquo; <FONT STYLE="color: #231F20">does not yet include any discussion of comparative
periods, and such discussion will not be included until the Company is required to present its audited financial statements for the year
ended December&nbsp;31, 2024. As a result, the Company is not yet able to fully address the Staff&rsquo;s comment in this Amendment No.&nbsp;1.
</FONT>The Company nonetheless acknowledges the Staff&rsquo;s comment and undertakes to provide disclosure responsive to the Staff&rsquo;s
comment in a subsequent amendment to the Registration Statement following the inclusion of such audited financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>December&nbsp;23,
2024</B></FONT><B><BR> Page&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2428146d3_drsltrimg002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Our Business, page&nbsp;80</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">11.</TD><TD STYLE="text-align: justify"><B>We note your disclosure that you stratify risk characteristics by micro-segments, and you give examples
in the hotel and motel industry of micro-segments. Please further expand to explain other micro-segments that you analyze, or advise.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on pages&nbsp;3 and 81 accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Principal stockholders, page&nbsp;125</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">12.</TD><TD STYLE="text-align: justify"><B>Please identify the individual or individuals that have voting and dispositive control over the shares
owned by ZFSG. Refer to Item 403 of Regulation S-K.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and will provide the information required by Item 403 of Regulation S-K, including relating to beneficial ownership
of shares owned by ZFSG, in a subsequent amendment to the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Exclusive forum, page&nbsp;129</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">13.</TD><TD STYLE="text-align: justify"><B>We note that your disclosure here provides that the forum selection provision identifies the Court
of Chancery of the State of Delaware as the exclusive forum for certain litigation, including any &ldquo;derivative action.&rdquo; Please
disclose here whether this provision applies to actions arising under the Securities Act or Exchange Act. If so, please also state that
there is uncertainty as to whether a court would enforce such provision. If the provision applies to Securities Act claims, please also
state that investors cannot waive compliance with the federal securities laws and the rules&nbsp;and regulations thereunder. In that regard,
we note that Section&nbsp;22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought
to enforce any duty or liability created by the Securities Act or the rules&nbsp;and regulations thereunder. If this provision does not
apply to actions arising under the Securities Act or Exchange Act, please also ensure that the exclusive forum provision in the governing
documents states this clearly, or tell us how you will inform investors in future filings that the provision does not apply to any actions
arising under the Securities Act or Exchange Act. Please also reconcile your disclosure about the exclusive forum provision here with
the disclosure in your risk factor on page&nbsp;44 and update the risk factor to discuss that the provision may increase costs to bring
a claim.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and has revised its disclosure on pages&nbsp;45 and 131 accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Exhibit&nbsp;Index, page&nbsp;II-4</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">14.</TD><TD STYLE="text-align: justify"><B>We note the disclosure on page&nbsp;110 that you intend to enter into an employment agreement with
Mr.&nbsp;Cohen prior to the completion of this offering. Please confirm that you will file the employment agreement as an exhibit once
you enter into it and consider providing a placeholder in the exhibit index to the extent you expect that it will be filed prior to effectiveness.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and will file a copy or form of Mr.&nbsp;Cohen&rsquo;s Employment Agreement as an exhibit to a subsequent amendment
to the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>December&nbsp;23,
2024</B></FONT><B><BR> Page&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2428146d3_drsltrimg002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">15.</TD><TD STYLE="text-align: justify"><B>Please file as exhibits the Utility Limited Partnership Agreement referenced on page&nbsp;119 and the
Master Technology Transfer Agreement referenced on page&nbsp;122 or provide your analysis as to why you believe they are not required.
Please also confirm you will file the MidCap Limited Partnership Agreement referenced on page&nbsp;120 once executed or provide your analysis
as to why you believe it will not be required. Refer to Item 601(b)(10)&nbsp;of Regulation S-K.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and will file a copy of each of the Technology Transactions Agreement and the Utility Limited Partnership Agreement
as exhibits to a subsequent amendment to the Registration Statement. The Company respectfully submits that while the MidCap Limited Partnership
Agreement is not deemed to have been made in the ordinary course because affiliates of the Company&rsquo;s security holders named in the
Registration Statement are parties to such agreement, such agreement is nonetheless not material to the Company in amount or significance
since the Company&rsquo;s investment in the MidCap Limited Partnership is expected to represent less than 5% of
the Company&rsquo;s investment portfolio at the time of the initial public offering. The Company does not believe it is required to file
the MidCap Limited Partnership Agreement in response to Item 601(b)(10)&nbsp;of Regulation S-K as a result.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>General</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">16.</TD><TD STYLE="text-align: justify"><B>Please provide us with copies of all written communications, as defined in Rule&nbsp;405 under the
Securities Act, that you, or anyone authorized to do so on your behalf have presented or expect to present to potential investors in reliance
on Section&nbsp;5(d)&nbsp;of the Securities Act, whether or not you retained, or intend to retain, copies of those communications. Please
contact the staff at the phone number below to discuss how to submit the materials.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and while the Company has not yet conducted any &ldquo;testing the waters&rdquo; meetings in reliance on Section&nbsp;5(d)&nbsp;to
date, the Company will submit subsequent &ldquo;testing the waters&rdquo; materials to the Staff and will contact the Staff regarding
the procedures for doing so at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.</TD><TD STYLE="text-align: justify"><B>Please provide us with copies of any additional graphics, maps, photographs, and related captions or
other artwork including logos that you intend to use in the prospectus. Please keep in mind, in scheduling printing and distributing of
the preliminary prospectus, that we may have comments after reviewing the materials.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company acknowledges
the Staff&rsquo;s comment and while the Company has not yet prepared any such materials, the Company will submit such materials to the
Staff in advance of the initial public offering and understands that the Staff requires a reasonable amount of time to review such materials.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>December&nbsp;23,
2024</B></FONT><B><BR> Page&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2428146d3_drsltrimg002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hope that the foregoing
has been responsive to the Staff&rsquo;s comments and look forward to resolving any outstanding issues as quickly as possible. Please
do not hesitate to contact me at (212) 906-1297 with any questions or further comments you may have regarding this filing or if you wish
to discuss the above.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Sincerely,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Erika L. Weinberg</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Erika L. Weinberg</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">of LATHAM&nbsp;&amp; WATKINS LLP</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Enclosures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">cc: (via e-mail)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Justin Cohen, Chief Executive Officer, Ategrity
Specialty Holdings LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Marc D. Jaffe, Latham&nbsp;&amp; Watkins LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gary D. Boss, Latham&nbsp;&amp; Watkins LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dwight S. Yoo, Skadden, Arps, Slate, Meagher&nbsp;&amp;
Flom LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Elena M. Coyle, Skadden, Arps, Slate, Meagher&nbsp;&amp;
Flom LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ryan J. Dzierniejko, Skadden, Arps, Slate, Meagher&nbsp;&amp;
Flom LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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