PART C
ACKNOWLEDGEMENTS
The undersigned hereby tenders to Mount Logan Capital Inc., a Delaware corporation
(“Purchaser” or the “Company”) the above-described shares of common stock, par value $0.001 per
share, of the Company (the “Shares”), pursuant to Purchaser's offer to purchase the outstanding Shares at
$9.43 per Share, payable net to the holder thereof in cash, without interest, subject to any withholding of
taxes required by applicable law, upon the terms and subject to the conditions set forth in the offer to
purchase, dated December 29, 2025 (as it may be amended or supplemented from time to time, the “Offer
to Purchase”), receipt of which is hereby acknowledged, and in this Letter of Transmittal (as amended or
supplemented from time to time, this “Letter of Transmittal,” and together with the Offer to Purchase,
the “Offer”).
Subject to, and effective upon, acceptance for payment of the Shares tendered with this Letter of
Transmittal, in accordance with the terms of the Offer, the undersigned hereby sells, assigns and transfers
to, or upon the order of, Purchaser all right, title and interest in and to all the Shares that are being
tendered by this Letter of Transmittal and irrevocably appoints Odyssey Transfer and Trust Company (the
"Depositary") as the true and lawful agent, attorney-in-fact and proxy of the undersigned with respect to
such Shares, with full power of substitution (such power of attorney being deemed to be an irrevocable
power coupled with an interest in the Shares tendered by this Letter of Transmittal), to (i) deliver
certificates (the "Certificates") representing the Shares, or transfer ownership of such Shares on the
account books maintained by The Depository Trust Company, together, in either case, with all
accompanying evidences of transfer and authenticity, to or upon the order of Purchaser; (ii) present such
Shares for transfer on the books of the Company; and (iii) receive all benefits and otherwise exercise all
rights of beneficial ownership of such Shares, all in accordance with the terms and subject to the
conditions of the Offer.
The undersigned hereby irrevocably appoints Purchaser's designees, and each of them, as agents,
attorneys-in-fact and proxies of the undersigned, each with full power of substitution, in the manner set
forth herein, to the full extent of the rights of the undersigned with respect to Shares that the undersigned
tenders and Purchaser accepts for payment. All such powers of attorney and proxies will be considered
irrevocable and coupled with an interest in the Shares tendered by this Letter of Transmittal. This
appointment will be effective when Purchaser accepts the Shares tendered by this Letter of Transmittal for
payment in accordance with the terms of the Offer. Upon acceptance for payment, all other powers of
attorney and proxies given by the undersigned with respect to the Shares tendered by this Letter of
Transmittal prior to such payment will be revoked, without further action, and no subsequent powers of
attorney and proxies may be given by the undersigned (and, if given, will not be deemed effective).
Purchaser's designees will, with respect to the Shares tendered by this Letter of Transmittal and rights for
which the appointment is effective, be empowered to exercise all of the voting and other rights of the
undersigned as they, in their sole discretion, may deem proper at any annual or special meeting of
shareholders of the Company, or any adjournment or postponement thereof, or by consent in lieu of any
such meeting of shareholders of the Company or otherwise. For Shares to be deemed validly tendered by
this Letter of Transmittal, immediately upon the acceptance for payment of such Shares, Purchaser or its
designee must be able to exercise full voting rights with respect to such Shares, including voting at any
meeting of shareholders of the Company.
The undersigned hereby represents and warrants that the undersigned has full power and authority
to tender, sell, assign and transfer the Shares tendered by this Letter of Transmittal, and that when such
Shares are accepted for payment by Purchaser, Purchaser will acquire good, marketable and
unencumbered title to such Shares, free and clear of all liens, restrictions, charges and encumbrances, and
that none of such Shares will be subject to any adverse claim. The undersigned, upon request, shall