Common use of Prepayments, Etc Clause in Contracts

Prepayments, Etc. of Other Indebtedness; and Modifications of Certain Other Agreements 53 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII Events of Default 55 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 Collateral and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 SECTION 9.01 Notices 60 SECTION 9.02 Waivers; Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 Successors and Assigns 63 SECTION 9.05 Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 Severability 64 SECTION 9.08 Right of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 Confidentiality 65 SECTION 9.13 USA PATRIOT Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.

Prepayments, Etc. of Other Indebtedness; and Modifications of Certain Other Agreements 53 86 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 86 ARTICLE VII Events of Default 55 87 SECTION 7.01 Events of Default 87 SECTION 7.02 Equity Cure Right 89 ARTICLE VIII The Administrative Agent 57 90 SECTION 8.01 Appointment and Authority 57 General 90 SECTION 8.02 Rights as a Lender 57 Posting of Communications 93 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 Collateral and Guaranty Certain ERISA Matters 59 94 ARTICLE IX Miscellaneous 60 96 SECTION 9.01 Notices 60 96 SECTION 9.02 Waivers; Amendments 61 97 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 99 SECTION 9.04 Successors and Assigns 63 101 SECTION 9.05 Survival 63 104 SECTION 9.06 Counterparts; Integration; Effectiveness 64 Effectiveness; Electronic Execution 105 SECTION 9.07 Severability 64 105 SECTION 9.08 Right of Setoff 64 105 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 105 SECTION 9.10 WAIVER OF JURY TRIAL 65 106 SECTION 9.11 Headings 65 106 SECTION 9.12 Confidentiality 65 107 SECTION 9.13 USA PATRIOT Act 66 108 SECTION 9.14 Interest Rate Limitation 66 108 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 108 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Termination of Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – under Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.Credit Facility. 109

Prepayments, Etc. of Other Indebtedness; Indebtedness 92 Section 7.15. Amendment of Purchase Agreement 92 Section 7.16. Activities of Holdings and Modifications of Certain Other Agreements 53 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 Finance Co 92 Section 7.17. Designated Senior Debt 92 Section 7.18. Capital Expenditures 93 ARTICLE VII 8 EVENTS OF DEFAULT AND REMEDIES Section 8.01. Events of Default 55 93 Section 8.02. Remedies Upon Event of Default 95 Section 8.03. Application of Funds 96 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 9 ADMINISTRATIVE AGENT AND OTHER AGENTS Section 9.01. Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Authorization of Agents 96 Section 9.02. Delegation of Duties 58 SECTION 8.06 Resignation 97 Section 9.03. Liability of Agents 97 Section 9.04. Reliance by Agents 98 Section 9.05. Notice of Default 98 Section 9.06. Credit Decision; Disclosure of Information by Agents 98 Section 9.07. Indemnification of Agents 99 Section 9.08. Agents in their Individual Capacities 99 Section 9.09. Successor Agents 99 Section 9.10. Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 May File Proofs of Claim 100 Section 9.11. Collateral and Guaranty Matters 59 101 Section 9.12. Other Agents; Arrangers and Managers 101 Section 9.13. Appointment of Supplemental Administrative Agents 101 ARTICLE IX Miscellaneous 60 SECTION 9.01 10 MISCELLANEOUS Section 10.01. Amendments, Etc 102 Section 10.02. Notices 60 SECTION 9.02 Waiversand Other Communications; Amendments 61 SECTION 9.03 ExpensesFacsimile Copies 104 Section 10.03. No Waiver; Indemnity; Damage Waiver 62 SECTION 9.04 Cumulative Remedies 105 Section 10.04. Attorney Costs, Expenses and Taxes 105 Section 10.05. Indemnification by the Borrower 106 Section 10.06. Payments Set Aside 107 Section 10.07. Successors and Assigns 63 SECTION 9.05 Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 Severability 64 SECTION 9.08 Right of 107 Section 10.08. Confidentiality 110 Section 10.09. Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 Confidentiality 65 SECTION 9.13 USA PATRIOT Act 66 SECTION 9.14 110 Section 10.10. Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 111 Section 10.11. Counterparts 111 Section 10.12. Integration 111 Section 10.13. Survival of Representations and Warranties 111 Section 10.14. Severability 112 Section 10.15. Tax Forms 112 Section 10.16. Governing Law 113 Section 10.17. Waiver of Right to Trial by Jury 114 Section 10.18. Binding Effect 114 Section 10.19. USA Patriot Act Notice 114 SIGNATURES SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.

Prepayments, Etc. of Indebtedness; Amendment of Agreements 98 6.13. Equity Interests of Company and Subsidiaries 98 6.14. Holding Company 98 6.15. Capital Expenditures 99 6.16. Interest Rate Protection 99 7.1. Guaranty of the Obligations 100 7.2. Contribution by Guarantors 100 7.3. Payment by Guarantors 100 7.4. Liability of Guarantors Absolute 101 7.5. Waivers by Guarantors 103 7.6. Guarantors’ Rights of Subrogation, Contribution, etc. 103 7.7. Subordination of Other Indebtedness; and Modifications Obligations 104 7.8. Continuing Guaranty 104 7.9. Authority of Certain Other Agreements 53 SECTION 6.14 Guarantors or Borrowers 104 7.10. Financial Covenants 53 SECTION 6.15 Limitation on Creation Condition of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII Borrowers 104 7.11. Bankruptcy, etc. 105 7.12. Discharge of Guaranty Upon Sale of Guarantor 105 8.1. Events of Default 55 ARTICLE VIII The 106 8.2. Remedies Upon Event of Default 108 8.3. Company’s Right to Cure 108 9.1. Appointment of Agents 109 9.2. Powers and Duties 109 9.3. General Immunity 110 9.4. Agents Entitled to Act as Lender 111 9.5. Lenders’ Representations, Warranties and Acknowledgment 111 9.6. Right to Indemnity 112 9.7. Successor Administrative Agent, Collateral Agent 57 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Swing Line Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 112 9.8. Collateral Documents and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 SECTION 9.01 113 10.1. Notices 60 SECTION 9.02 Waivers; 114 10.2. Expenses 114 10.3. Indemnity 115 10.4. Set-Off 116 10.5. Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 and Waivers 116 10.6. Successors and Assigns 63 SECTION 9.05 Assigns; Participations 118 10.7. Independence of Covenants 121 10.8. Survival 63 SECTION 9.06 Counterpartsof Representations, Warranties and Agreements 121 10.9. No Waiver; IntegrationRemedies Cumulative 122 10.10. Marshalling; Effectiveness 64 SECTION 9.07 Payments Set Aside 122 10.11. Severability 64 SECTION 9.08 Right 122 10.12. Obligations Several; Independent Nature of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 Lenders’ Rights 122 10.13. Headings 122 10.14. APPLICABLE LAW 122 10.15. CONSENT TO JURISDICTION 123 10.16. WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 123 10.17. Confidentiality 65 SECTION 9.13 USA PATRIOT 124 10.18. Usury Savings Clause 124 10.19. Counterparts 125 10.20. Effectiveness 125 10.21. Patriot Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 125 10.22. Electronic Execution of Assignments 125 10.23. Public-Side Lenders 125 10.24. Amendment and Restatement 126 10.25. Reaffirmation and Grant of Security Interests 127 APPENDICES: A-1 Tranche C Term Loan Commitments A-2 Revolving Commitments B Notice Addresses C Original Sections 3.1(g) and 3.1(h) SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c3.1(g) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.Closing Date Mortgaged Properties

Prepayments, Etc. of Other Indebtedness; Restrictions on Prepayments of Senior Notes and Modifications Non-Pari Passu Indebtedness 110 Section 7.10 Negative Pledge 111 Section 7.11 Partnerships, Etc 111 Section 7.12 Amendments to Constitutive Documents 111 Section 7.13 Total Leverage Ratio 112 Section 7.14 Interest Coverage Ratio 113 Section 7.15 Senior Secured Leverage Ratio 114 Section 7.16 Capital Expenditures 114 Section 8.01 Business of Certain Other Agreements 53 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII Holdings 115 Section 9.01 Events of Default 55 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 115 Section 9.02 Remedies Upon Event of Default 117 Section 9.03 Application of Funds 117 Section 10.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Authorization of Agents 119 Section 10.02 Delegation of Duties 58 SECTION 8.06 Resignation 120 Section 10.03 Liability of Agents 120 Section 10.04 Reliance by Agents 120 Section 10.05 Notice of Default 121 Section 10.06 Credit Decision; Disclosure of Information by Agents 121 Section 10.07 Indemnification of Agents 122 Section 10.08 Agents in their Individual Capacities 122 Section 10.09 Successor Agents 122 Section 10.10 Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 May File Proofs of Claim 123 Section 10.11 Release of Collateral and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 SECTION 9.01 124 Section 10.12 Other Agents; Arrangers and Managers 124 Section 10.13 Appointment of Supplemental Administrative Agents 125 Section 11.01 Amendments, Etc 125 Section 11.02 Notices 60 SECTION 9.02 Waiversand Other Communications; Amendments 61 SECTION 9.03 ExpensesFacsimile and Electronic Copies 127 Section 11.03 No Waiver; Indemnity; Damage Waiver 62 SECTION 9.04 Cumulative Remedies 130 Section 11.04 Attorney Costs and Expenses 130 Section 11.05 Indemnification by the Borrower 131 Section 11.06 Payments Set Aside 132 Section 11.07 Successors and Assigns 63 SECTION 9.05 132 Section 11.08 Confidentiality 136 Section 11.09 Setoff 136 Section 11.10 Counterparts 137 Section 11.11 Integration 137 Section 11.12 Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 of Representations and Warranties 137 Section 11.13 Severability 64 SECTION 9.08 Right of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 137 Section 11.14 GOVERNING LAW 138 Section 11.15 WAIVER OF RIGHT TO TRIAL BY JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 Confidentiality 65 SECTION 9.13 138 Section 11.16 Binding Effect 138 Section 11.17 Judgment Currency 138 Section 11.18 Lender Action 139 Section 11.19 USA PATRIOT Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.139 Section 11.20 Dutch Pledge 139

Prepayments, Etc. of Other Indebtedness; and Modifications of Certain Other Agreements 53 Debt 106 (m) No Negative Pledge 106 (n) Capital Expenditures 106 ARTICLE VI EVENTS OF DEFAULT 107 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII 6.01. Events of Default 55 107 Section 6.02 Cash Collateral 112 ARTICLE VII THE ADMINISTRATIVE AGENT 114 SECTION 7.01. Authorization and Action 114 SECTION 7.02. Administrative Agent's Reliance, Etc. 115 SECTION 7.03. CSFB and Affiliates 116 SECTION 7.04. Lender Credit Decision 116 SECTION 7.05. Indemnification 116 SECTION 7.06. Successor Administrative Agent 117 ARTICLE VIII The Administrative Agent 57 MISCELLANEOUS 118 SECTION 8.01 Appointment and Authority 57 8.01. Amendments, Etc. 118 SECTION 8.02 Rights as a Lender 57 8.02. Notices, Etc. 119 SECTION 8.03 Exculpatory Provisions 58 8.03. No Waiver; Remedies 120 SECTION 8.04 Reliance by Administrative Agent 58 8.04. Costs; Expenses 120 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 Collateral and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 SECTION 9.01 Notices 60 SECTION 9.02 Waivers; Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 Successors and Assigns 63 SECTION 9.05 Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 Severability 64 SECTION 9.08 8.05. Right of Setoff 64 Set-off 122 SECTION 9.09 8.06. Binding Effect 123 SECTION 8.07. Assignments and Participations 123 SECTION 8.08. Governing Law; Jurisdiction; Consent Submission to Service of Process 64 Jurisdiction 126 SECTION 9.10 8.09. Execution in Counterparts 127 SECTION 8.10. WAIVER OF JURY TRIAL 65 128 SECTION 9.11 Headings 65 8.11. Confidentiality 128 SECTION 9.12 Confidentiality 65 8.12. Severability 129 SECTION 9.13 USA PATRIOT Act 66 8.13. AMENDMENT OF NOTES 129 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: 8.14. TERMINATION OF WAIVERS 129 Schedule A – I - List of Commitments and Applicable Lending Offices Schedule II - Material Subsidiaries Schedule III - ERISA Matters Schedule IV - Roche Holdings Share Ownership Schedule V - Certain Debt Schedule VI - Subordinated Debt Exhibit A-1 - Form of Term Note Exhibit A-2 - Form of Revolving Credit Note Exhibit A-3 - Form of Competitive Bid Note Exhibit B – Tower Companies Schedule - Form of Assignment and Acceptance Exhibit C-1 - Form of Notice of Committed Borrowing Exhibit C-2 - Form of Notice of Competitive Bid Borrowing Exhibit C-3 - Form of Competitive Bid Exhibit D - Form of Subsidiary Guaranty Exhibit E-1 - Opinion of Xxxxxxxx X. Xxxxx Exhibit E-2 - Opinion of Xxxxx Xxxx & Xxxxxxxx Exhibit F - Form of Monthly Summary Financial Report Exhibit G - Form of Confidentiality Letter Exhibit H - Form of Guaranty Confirmation Exhibit I - Form of L/C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Issuance Request AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of September 15March 31, 2014, by and 1997 (this "Agreement") among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE LABORATORY CORPORATION OF AMERICA HOLDINGS, LLC, a Delaware limited liability company corporation (“Holdings”the "Borrower"), the banks, financial institutions and other institutional lenders (the "Banks") listed on the signature pages hereof, and owner CREDIT SUISSE FIRST BOSTON ("CSFB"), as administrative agent (the "Administrative Agent") for the Lenders hereunder. PRELIMINARY STATEMENT The parties hereto have entered into a Credit Agreement dated as of 100% of the Equity Interests April 28, 1995 (as defined amended and in effect immediately prior to the Amendment Effective Date referred to below) of ACP, as a Guarantor, the LENDERS from time "Existing Credit Agreement") providing for, among other things, the Lenders to time party heretolend to the Borrower up to $1,250,000,000 on the terms and subject to the conditions set forth therein. The Borrower has requested that the Lenders and the Administrative Agent agree to amend and restate the Existing Credit Agreement, and AMTRUST FINANCIAL SERVICESthe Lenders and the Administrative Agent have indicated their willingness to amend and restate the Existing Credit Agreement, INCall on the terms and conditions of this Agreement., a Delaware corporation, as Administrative Agent.

Prepayments, Etc. of Other Indebtedness; and Modifications of Certain Other Agreements 53 Agreement 61 SECTION 6.14 6.14. Limitation on Modification of UBI Seller Note 61 SECTION 6.15. Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 61 ARTICLE VII Events of Default 55 EVENTS OF DEFAULT 62 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 Collateral and Guaranty Matters 59 THE ADMINISTRATIVE AGENT 64 ARTICLE IX Miscellaneous 60 MISCELLANEOUS 66 SECTION 9.01 9.01. Notices 60 66 SECTION 9.02 9.02. Waivers; Amendments 61 67 SECTION 9.03 9.03. Expenses; Indemnity; Damage Waiver 62 69 SECTION 9.04 9.04. Successors and Assigns 63 70 SECTION 9.05 9.05. Survival 63 73 SECTION 9.06 9.06. Counterparts; Integration; Effectiveness 64 73 SECTION 9.07 9.07. Severability 64 73 SECTION 9.08 9.08. Right of Setoff 64 73 SECTION 9.09 9.09. Governing Law; Jurisdiction; Consent to Service of Process 64 74 SECTION 9.10 9.10. WAIVER OF JURY TRIAL 65 74 SECTION 9.11 9.11. Headings 65 74 SECTION 9.12 9.12. Confidentiality 65 75 SECTION 9.13 9.13. USA PATRIOT Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 75 SCHEDULES: Schedule A 1.01 – Material Subsidiaries Schedule B – Tower Existing Regulated Insurance Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) 2.06 – Conflicting Agreements Existing Letters of Credit Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments Schedule 6.08 – Transactions with Affiliates Schedule 6.09 – Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Opinion of Borrower’s Counsel Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E – List of Closing Documents Exhibit F-1 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) Exhibit F-2 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) Exhibit F-3 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) Exhibit F-4 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) CREDIT AGREEMENT (this “Agreement”) dated as of September 15January 28, 20142011 among AMTRUST FINANCIAL SERVICES, by and among ACP RE LTDINC., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICESJPMORGAN CHASE BANK, INC., a Delaware corporationN.A., as Administrative Agent., The Bank of Nova Scotia, as Syndication Agent and SunTrust Bank, as Documentation Agent. The parties hereto agree as follows:

Prepayments, Etc. of Other Indebtedness; and Modifications of Certain Other Agreements 53 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII Amendments 211 Section 7.13 Holdings 212 Events of Default 55 ARTICLE VIII The and Remedies 213 Section 8.01 Events of Default 213 Section 8.02 Remedies upon Event of Default 216 Section 8.03 Application of Funds 217 Section 8.04 Right to Cure 218 Section 8.05 Clean Up Period 219 Administrative Agent 57 SECTION 8.01 and Other Agents 219 Section 9.01 Appointment and Authority 57 SECTION 8.02 of the Administrative Agent. 219 Section 9.02 Rights as a Lender 57 SECTION 8.03 220 Section 9.03 Exculpatory Provisions 58 SECTION 8.04 220 Section 9.04 Reliance by the Administrative Agent 58 SECTION 8.05 221 Section 9.05 Delegation of Duties 58 SECTION 8.06 222 Section 9.06 Non-Reliance on Administrative Agent and Other Lenders; Disclosure of Information by Agents 222 Section 9.07 Indemnification of Agents 222 Section 9.08 No Other Duties; Other Agents, Lead Arrangers, Managers, Etc. 223 Section 9.09 Resignation and Removal of Administrative Agent 59 SECTION 8.07 Non-Reliance as 223 Section 9.10 Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 May File Proofs of Claim 225 Section 9.11 Collateral and Guaranty Matters 59 ARTICLE IX 226 Section 9.12 Appointment of Supplemental Administrative Agents. 227 Section 9.13 Intercreditor Agreements 228 Section 9.14 Secured Cash Management Agreements and Secured Hedge Agreements 229 Section 9.15 Withholding Taxes 229 Section 9.16 Erroneous Payments. 229 Miscellaneous 60 SECTION 9.01 Notices 60 SECTION 9.02 Waivers; Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 Successors and Assigns 63 SECTION 9.05 Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 Severability 64 SECTION 9.08 Right of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 Confidentiality 65 SECTION 9.13 USA PATRIOT Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15232 Section 10.01 Amendments, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.Etc. 232

Prepayments, Etc. of Other Indebtedness; Indebtedness 140 Section 7.14. Equity Interests of the Borrower and Modifications of Certain Other Agreements 53 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Restricted Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 141 Section 7.15. Holding Company 141 Section 7.16. Capital Expenditures. 141 ARTICLE VII VIII Events of Default 55 and Remedies 142 Section 8.01. Events of Default 142 Section 8.02. Remedies Upon Event of Default 145 Section 8.03. Exclusion of Immaterial Subsidiaries 146 Section 8.04. Application of Funds 146 Section 8.05. Borrower’s Right to Cure 147 ARTICLE VIII The IX Administrative Agent 57 SECTION 8.01 and Other Agents 147 Section 9.01. Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Authorization of Agents 147 Section 9.02. Delegation of Duties 58 SECTION 8.06 Resignation 149 Section 9.03. Liability of Agents 149 Section 9.04. Reliance by Agents 149 Section 9.05. Notice of Default 150 Section 9.06. Credit Decision; Disclosure of Information by Agents 150 Section 9.07. Indemnification of Agents 151 Section 9.08. Agents in their Individual Capacities 151 Section 9.09. Successor Agents 151 Section 9.10. Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 May File Proofs of Claim 152 Section 9.11. Collateral and Guaranty Matters 59 153 Section 9.12. Other Agents; Arrangers and Managers 154 Section 9.13. Appointment of Supplemental Administrative Agents 154 ARTICLE IX X Miscellaneous 60 SECTION 9.01 155 Section 10.01. Amendments, Etc. 155 Section 10.02. Notices 60 SECTION 9.02 Waiversand Other Communications; Amendments 61 SECTION 9.03 ExpensesFacsimile Copies 158 Section 10.03. No Waiver; Indemnity; Damage Waiver 62 SECTION 9.04 Cumulative Remedies 159 Section 10.04. Attorney Costs, Expenses and Taxes 159 Section 10.05. Indemnification by the Borrower 159 Section 10.06. Payments Set Aside 160 Section 10.07. Successors and Assigns 63 SECTION 9.05 161 Section 10.08. Confidentiality 165 Section 10.09. Setoff 166 Section 10.10. Interest Rate Limitation 166 Section 10.11. Counterparts 167 Section 10.12. Integration 167 Section 10.13. Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 of Representations and Warranties 167 Section 10.14. Severability 64 SECTION 9.08 Right of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 167 Section 10.15. Tax Forms 167 Section 10.16. GOVERNING LAW 169 Section 10.17. WAIVER OF RIGHT TO TRIAL BY JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 Confidentiality 65 SECTION 9.13 169 Section 10.18. Binding Effect 170 Section 10.19. Lender Action 170 Section 10.20. USA PATRIOT Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 170 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.

Prepayments, Etc. of Other Indebtedness; Indebtedness 100 Section 6.28 Amendment, Etc 101 Section 6.29 Sales and Modifications Lease-Backs 101 Section 6.30 Unrestricted Project Companies 101 ARTICLE 7 CONDITIONS PRECEDENT 101 Section 7.01 Conditions Precedent to Effectiveness 101 Section 7.02 Each Loan 103 Section 7.03 Each Letter of Certain Other Agreements 53 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 Credit 104 Section 7.04 Determinations Under Section 7.01 104 ARTICLE VII 8 EVENTS OF DEFAULT, ACCELERATION, ETC. 104 Section 8.01 Events of Default 55 and Acceleration 104 Section 8.02 Lenders’ Remedies 108 Section 8.03 Application of Funds 109 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 9 CONTINUING GUARANTY 110 Section 9.01 Guaranty 110 Section 9.02 Rights of Guaranteed Parties 110 Section 9.03 Certain Waivers 111 Section 9.04 Obligations Independent 111 Section 9.05 Subrogation 111 Section 9.06 Termination; Reinstatement 111 Section 9.07 Subordination 112 Section 9.08 Stay of Acceleration 112 Section 9.09 Condition of Loan Parties 112 Section 9.10 Keepwell 112 ARTICLE 10 THE AGENT 113 Section 10.01 Appointment and Authority 57 SECTION 8.02 113 Section 10.02 Rights as a Lender 57 SECTION 8.03 Lender, Issuing Bank 113 Section 10.03 Exculpatory Provisions 58 SECTION 8.04 114 Section 10.04 Reliance by Administrative Agent 58 SECTION 8.05 the Agents 115 Section 10.05 Indemnification 115 Section 10.06 Delegation of Duties 58 SECTION 8.06 115 Section 10.07 Resignation or Removal of Administrative Agent 59 SECTION 8.07 the Agents 116 Section 10.08 Non-Reliance as Administrative Agent 59 SECTION 8.08 on Agents and Other Lenders 117 Section 10.09 No Partnership or Joint Venture 59 SECTION 8.09 Collateral and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 SECTION 9.01 Notices 60 SECTION 9.02 Waivers; Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 Successors and Assigns 63 SECTION 9.05 Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 Severability 64 SECTION 9.08 Right of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 Confidentiality 65 SECTION 9.13 USA PATRIOT Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15Other Duties, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.Etc. 117

Prepayments, Etc. of Other Indebtedness; and Modifications of Certain Other Agreements 53 64 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 65 ARTICLE VII Events of Default 55 66 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 Collateral and Guaranty Matters 59 68 ARTICLE IX Miscellaneous 60 70 SECTION 9.01 Notices 60 70 SECTION 9.02 Waivers; Amendments 61 71 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 73 SECTION 9.04 Successors and Assigns 63 74 SECTION 9.05 Survival 63 77 SECTION 9.06 Counterparts; Integration; Effectiveness 64 77 SECTION 9.07 Severability 64 77 SECTION 9.08 Right of Setoff 64 78 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 78 SECTION 9.10 WAIVER OF JURY TRIAL 65 78 SECTION 9.11 Headings 65 78 SECTION 9.12 Confidentiality 65 79 SECTION 9.13 USA PATRIOT Act 66 79 SECTION 9.14 Interest Rate Limitation 66 79 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: 80 Schedule A 1.01(a) – Material Subsidiaries Schedule B – Tower Existing Regulated Insurance Companies Schedule C 1.01(b) – Disclosure Schedule to Article III Permitted Tax Incentive Financing Transactions Schedule 2.01 – Commitments Schedule 3.03(c) 2.06 – Conflicting Agreements Existing Letters of Credit Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments Schedule 6.08 – Transactions with Affiliates Schedule 6.09 – Restrictions Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Opinion of Borrower’s Counsel Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E – List of Closing Documents Exhibit F-1 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) Exhibit F-2 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) Exhibit F-3 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) Exhibit F-4 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) CREDIT AGREEMENT (this “Agreement”) dated as of September 15August 10, 20142012 among AMTRUST FINANCIAL SERVICES, by and among ACP RE LTDINC., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICESJPMORGAN CHASE BANK, INC., a Delaware corporationN.A., as Administrative Agent, KEYBANK NATIONAL ASSOCIATION and SUNTRUST BANK, as Co-Syndication Agents and ASSOCIATED BANK, NATIONAL ASSOCIATION and LLOYDS SECURITIES INC., as Co-Documentation Agents. The parties hereto agree as follows:

Prepayments, Etc. of Other IndebtednessJunior Financing; and Modifications of Certain Other Agreements 53 Amendments 137 SECTION 6.14 6.12. Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 138 ARTICLE VII EVENTS OF DEFAULT 138 SECTION 7.01. Events of Default 55 138 SECTION 7.02. Remedies Upon an Event of Default 141 SECTION 7.03. Application of Payments 142 ARTICLE VIII THE ADMINISTRATIVE AGENT 144 SECTION 8.01. Authorization and Action 144 SECTION 8.02. Administrative Agent’s Reliance, Indemnification, Etc 147 SECTION 8.03. Posting of Communications 148 SECTION 8.04. The Administrative Agent 57 Individually 149 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by 8.05. Successor Administrative Agent 58 149 SECTION 8.05 Delegation 8.06. Acknowledgements of Duties 58 Lenders and L/C Issuers 150 SECTION 8.06 Resignation 8.07. Recovery of Administrative Agent 59 Erroneous Payment 151 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 8.08. Collateral and Guaranty Matters 59 151 SECTION 8.09. Certain ERISA Matters 152 SECTION 8.10. Withholding Taxes 153 SECTION 8.11. Credit Bidding 153 SECTION 8.12. Swap Obligations and Banking Services Obligations 154 ARTICLE IX Miscellaneous 60 MISCELLANEOUS 154 SECTION 9.01 9.01. Notices 60 154 SECTION 9.02 9.02. Waivers; Amendments 61 158 SECTION 9.03 9.03. Expenses; Indemnity; Damage Waiver 62 161 SECTION 9.04 9.04. Successors and Assigns 63 163 SECTION 9.05 9.05. Survival 63 168 SECTION 9.06 9.06. Electronic Execution; Electronic Records; Counterparts; Integration; Effectiveness 64 169 SECTION 9.07 9.07. Severability 64 170 SECTION 9.08 9.08. Right of Setoff 64 170 SECTION 9.09 9.09. Governing Law; Jurisdiction; Consent to Service of Process 64 170 SECTION 9.10 9.10. WAIVER OF JURY TRIAL 65 171 SECTION 9.11 9.11. Headings 65 171 SECTION 9.12 9.12. Confidentiality 65 171 SECTION 9.13 9.13. USA PATRIOT Act 66 173 SECTION 9.14 9.14. Releases of Subsidiary Guarantors and Collateral 173 SECTION 9.15. Appointment for Perfection 174 SECTION 9.16. Interest Rate Limitation 66 174 SECTION 9.15 9.17. No Advisory or Fiduciary Responsibility 66 Duty, etc. 174 SECTION 9.16 Appointment for Perfection 66 9.18. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 175 SECTION 9.19. Acknowledgement Regarding Any Supported QFCs 175 SECTION 9.20. Investment Grade Fallaway Provision 176 ARTICLE X GUARANTY 177 SECTION 10.01. Guaranty, Limitation of Liability 177 SECTION 10.02. Guaranty Absolute 178 SECTION 10.03. Waivers and Acknowledgments 178 SECTION 10.04. Subrogation 179 SECTION 10.05. Guaranty Supplements 180 SECTION 10.06. Subordination 180 SECTION 10.07. Continuing Guaranty; Assignments 181 SECTION 10.08. Keepwell 181 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) 5.09 – Conflicting Agreements Affiliate Transactions Schedule 3.15 5.15 – Unrestricted Subsidiaries Schedule 5.16 – Post-Closing Actions Schedule 6.01 – Existing Indebtedness Liens Schedule 6.02 – Existing Liens Debt Schedule 6.06 – Investments EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – List of Closing Documents Exhibit C – Form of Solvency Certificate Exhibit D-1 – Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit D-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit D-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit D-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit E-1 – Form of Borrowing Request Exhibit E-2 – Form of Interest Election Request Exhibit F – Form of Guaranty Supplement Exhibit G – Form of Compliance Certificate Exhibit H – Form of Letter of Credit Report CREDIT AGREEMENT (this “Agreement”) dated as of September 15July 3, 2014, by and 2023 among ACP RE LTDPHINIA INC., a Bermuda exempted company Delaware corporation (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantorother LOAN PARTIES from time to time party hereto, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICESBANK OF AMERICA, INC., a Delaware corporationN.A., as Administrative Agent, a Swingline Lender and an L/C Issuer, and the other SWINGLINE LENDERS and L/C ISSUERS from time to time party hereto.

Prepayments, Etc. of Other Indebtedness; and Modifications of Certain Other Agreements 53 67 SECTION 6.14 Financial Covenants 53 68 SECTION 6.15 Limitation on Creation of Subsidiaries 54 69 SECTION 6.16 Prohibited ACP Transaction 55 Limitation on Creation of Immaterial Subsidiaries 69 ARTICLE VII Events of Default 55 69 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 Collateral and Guaranty Matters 59 72 ARTICLE IX Miscellaneous 60 74 SECTION 9.01 Notices 60 74 SECTION 9.02 Waivers; Amendments 61 75 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 76 SECTION 9.04 Successors and Assigns 63 78 SECTION 9.05 Survival 63 81 SECTION 9.06 Counterparts; Integration; Effectiveness 64 81 SECTION 9.07 Severability 64 81 SECTION 9.08 Right of Setoff 64 81 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 82 SECTION 9.10 WAIVER OF JURY TRIAL 65 82 SECTION 9.11 Headings 65 82 SECTION 9.12 Confidentiality 65 83 SECTION 9.13 USA PATRIOT Act 66 83 SECTION 9.14 Interest Rate Limitation 66 83 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 83 SECTION 9.16 Appointment for Perfection 66 84 SECTION 9.17 Termination of Commitments under Existing Credit Agreement 84 SCHEDULES: Schedule A 1.01 – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Permitted Tax Incentive Financing Transactions Schedule 2.01 – Commitments Schedule 3.03(c) 3.11 – Conflicting Acquisition Agreements with respect to Deferred Acquisition Payments Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments Schedule 6.08 – Transactions with Affiliates Schedule 6.09 – Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Opinion of Borrower’s Counsel Exhibit C – List of Closing Documents Exhibit D-1 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) Exhibit D-2 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) Exhibit D-3 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) Exhibit D-4 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) Exhibit E – Form of Pledge Agreement CREDIT AGREEMENT (this “Agreement”) dated as of September 15February 20, 2014, by and 2013 among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON AMERICAN CAPITAL ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a GuarantorCORPORATION, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICESJPMORGAN CHASE BANK, INC., a Delaware corporationN.A., as Administrative Agent., KEYBANK NATIONAL ASSOCIATION, as Syndication Agent and FIRST NIAGARA BANK, N.A., as Documentation Agent. The parties hereto agree as follows:

Prepayments, Etc. of Indebtedness; Amendment of Agreements 114 6.13. Equity Interests of Company and Subsidiaries 115 6.14. Holding Company 115 6.15. Capital Expenditures 116 6.16. Interest Rate Protection 116 SECTION 7. GUARANTY 116 7.1. Guaranty of the Obligations 116 7.2. Contribution by Guarantors 117 7.3. Payment by Guarantors 118 7.4. Liability of Guarantors Absolute 118 7.5. Waivers by Guarantors 120 7.6. Guarantors’ Rights of Subrogation, Contribution, etc. 121 7.7. Subordination of Other Indebtedness; and Modifications Obligations 121 7.8. Continuing Guaranty 122 7.9. Authority of Certain Other Agreements 53 Guarantors or Borrowers 122 7.10. Financial Condition of Borrowers 122 7.11. Bankruptcy, etc. 122 7.12. Discharge of Guaranty Upon Sale of Guarantor 123 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII 8. EVENTS OF DEFAULT AND REMEDIES 123 8.1. Events of Default 55 ARTICLE VIII The 123 8.2. Remedies Upon Event of Default 126 8.3. Company’s Right to Cure 127 SECTION 9. AGENTS 127 9.1. Appointment of Agents 127 9.2. Powers and Duties 128 9.3. General Immunity 128 9.4. Agents Entitled to Act as Lender 130 9.5. Lenders’ Representations, Warranties and Acknowledgment 130 9.6. Right to Indemnity 131 9.7. Successor Administrative Agent 57 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Collateral Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 131 9.8. Collateral Documents and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 132 SECTION 9.01 10. MISCELLANEOUS 133 10.1. Notices 60 SECTION 9.02 Waivers; 133 10.2. Expenses 134 10.3. Indemnity 135 10.4. Set-Off 136 10.5. Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 and Waivers 136 10.6. Successors and Assigns 63 SECTION 9.05 Assigns; Participations 138 10.7. Independence of Covenants 141 10.8. Survival 63 SECTION 9.06 Counterpartsof Representations, Warranties and Agreements 141 10.9. No Waiver; IntegrationRemedies Cumulative 142 10.10. Marshalling; Effectiveness 64 SECTION 9.07 Payments Set Aside 142 10.11. Severability 64 SECTION 9.08 Right 142 10.12. Obligations Several; Independent Nature of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 Lenders’ Rights 142 10.13. Headings 143 10.14. APPLICABLE LAW 143 10.15. CONSENT TO JURISDICTION 143 10.16. WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 143 10.17. Confidentiality 65 SECTION 9.13 USA PATRIOT 144 10.18. Usury Savings Clause 145 10.19. Counterparts 145 10.20. Effectiveness 145 10.21. Patriot Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 145 10.22. Electronic Execution of Assignments 146 10.23. Public-Side Lenders 146 10.24. Amendment and Restatement 146 10.25. Reaffirmation and Grant of Security Interests 147 APPENDICES: A-1 Term Loan Commitments A-2 Revolving Commitments B Notice Addresses C Original Sections 3.1(g) and 3.1(h) SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c3.1(g) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as Closing Date Mortgaged Properties 4.1 Jurisdictions of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.Organization 4.6 Litigation 4.9 Environmental Matters 4.10 Taxes 4.11 ERISA Compliance

Prepayments, Etc. of Indebtedness; Amendment of Agreements 100 6.13. Equity Interests of Company and Subsidiaries 100 6.14. Holding Company 100 6.15. Capital Expenditures 100 6.16. Interest Rate Protection 101 SECTION 7. GUARANTY 101 7.1. Guaranty of the Obligations 101 7.2. Contribution by Guarantors 101 7.3. Payment by Guarantors 102 7.4. Liability of Guarantors Absolute 102 7.5. Waivers by Guarantors 104 7.6. Guarantors’ Rights of Subrogation, Contribution, etc. 105 7.7. Subordination of Other Indebtedness; and Modifications Obligations 106 7.8. Continuing Guaranty 106 7.9. Authority of Certain Other Agreements 53 Guarantors or Borrowers 106 7.10. Financial Condition of Borrowers 106 7.11. Bankruptcy, etc. 106 7.12. Discharge of Guaranty Upon Sale of Guarantor 107 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII 8. EVENTS OF DEFAULT AND REMEDIES 107 8.1. Events of Default 55 ARTICLE VIII The 107 8.2. Remedies Upon Event of Default 110 8.3. Company’s Right to Cure 110 SECTION 9. AGENTS 111 9.1. Appointment of Agents 111 9.2. Powers and Duties 111 9.3. General Immunity 111 9.4. Agents Entitled to Act as Lender 113 9.5. Lenders’ Representations, Warranties and Acknowledgment 113 9.6. Right to Indemnity 114 9.7. Successor Administrative Agent, Collateral Agent 57 SECTION 8.01 Appointment and Authority 57 SECTION 8.02 Rights as a Swing Line Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Delegation of Duties 58 SECTION 8.06 Resignation of Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 114 9.8. Collateral Documents and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 115 SECTION 9.01 10. MISCELLANEOUS 116 10.1. Notices 60 SECTION 9.02 Waivers; 116 10.2. Expenses 116 10.3. Indemnity 117 10.4. Set-Off 118 10.5. Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 and Waivers 118 10.6. Successors and Assigns 63 SECTION 9.05 Assigns; Participations 120 10.7. Independence of Covenants 123 10.8. Survival 63 SECTION 9.06 Counterpartsof Representations, Warranties and Agreements 123 10.9. No Waiver; IntegrationRemedies Cumulative 124 10.10. Marshalling; Effectiveness 64 SECTION 9.07 Payments Set Aside 124 10.11. Severability 64 SECTION 9.08 Right 124 10.12. Obligations Several; Independent Nature of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 Lenders’ Rights 124 10.13. Headings 124 10.14. APPLICABLE LAW 124 10.15. CONSENT TO JURISDICTION 125 10.16. WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 125 10.17. Confidentiality 65 SECTION 9.13 USA PATRIOT 126 10.18. Usury Savings Clause 126 10.19. Counterparts 127 10.20. Effectiveness 127 10.21. Patriot Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 127 10.22. Electronic Execution of Assignments 127 10.23. Public-Side Lenders 127 APPENDICES: X-0 Xxxxxxx X Term Loan Commitments A-2 Revolving Commitments B Notice Addresses SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c3.1(g) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Administrative Agent.Closing Date Mortgaged Properties

Prepayments, Etc. of Other Indebtedness; Restrictions on Prepayments of Indebtedness under the First Lien Loan Documents, Senior Notes and Modifications Non-Pari Passu Indebtedness 84 Section 7.10 Negative Pledge 85 Section 7.11 Partnerships, Etc 85 Section 7.12 Amendments to Constitutive Documents 85 Section 7.13 [Reserved.] 85 Section 7.14 [Reserved.] 85 Section 7.15 [Reserved.] 85 Section 7.16 Capital Expenditures 85 Section 8.01 Business of Certain Other Agreements 53 SECTION 6.14 Financial Covenants 53 SECTION 6.15 Limitation on Creation of Subsidiaries 54 SECTION 6.16 Prohibited ACP Transaction 55 ARTICLE VII Holdings 86 EVENTS OF DEFAULT AND REMEDIES 86 Section 9.01 Events of Default 55 ARTICLE VIII The Administrative Agent 57 SECTION 8.01 88 Section 9.02 Remedies Upon Event of Default 89 Section 9.03 Application of Funds Section 10.01 Appointment and Authority 57 SECTION 8.02 Rights as a Lender 57 SECTION 8.03 Exculpatory Provisions 58 SECTION 8.04 Reliance by Administrative Agent 58 SECTION 8.05 Authorization of Agents 90 Section 10.02 Delegation of Duties 58 SECTION 8.06 Resignation 91 Section 10.03 Liability of Agents 91 Section 10.04 Reliance by Agents 91 Section 10.05 Notice of Default 92 Section 10.06 Credit Decision; Disclosure of Information by Agents 92 Section 10.07 Indemnification of Agents 93 Section 10.08 Agents in their Individual Capacities 93 Section 10.09 Successor Agents 94 Section 10.10 Administrative Agent 59 SECTION 8.07 Non-Reliance as Administrative Agent 59 SECTION 8.08 No Partnership or Joint Venture 59 SECTION 8.09 May File Proofs of Claim 94 Section 10.11 Release of Collateral and Guaranty Matters 59 ARTICLE IX Miscellaneous 60 SECTION 9.01 Notices 60 SECTION 9.02 Waivers95 Section 10.12 Other Agents; Amendments 61 SECTION 9.03 Expenses; Indemnity; Damage Waiver 62 SECTION 9.04 Successors Arrangers and Assigns 63 SECTION 9.05 Survival 63 SECTION 9.06 Counterparts; Integration; Effectiveness 64 SECTION 9.07 Severability 64 SECTION 9.08 Right Managers 95 Section 10.13 Appointment of Setoff 64 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 64 SECTION 9.10 WAIVER OF JURY TRIAL 65 SECTION 9.11 Headings 65 SECTION 9.12 Confidentiality 65 SECTION 9.13 USA PATRIOT Act 66 SECTION 9.14 Interest Rate Limitation 66 SECTION 9.15 No Advisory or Fiduciary Responsibility 66 SECTION 9.16 Appointment for Perfection 66 SCHEDULES: Schedule A – Material Subsidiaries Schedule B – Tower Companies Schedule C – Disclosure Schedule to Article III Schedule 2.01 – Commitments Schedule 3.03(c) – Conflicting Agreements Schedule 3.15 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens CREDIT AGREEMENT (this “Agreement”) dated as of September 15, 2014, by and among ACP RE LTD., a Bermuda exempted company (“ACP”), LONDON ACQUISITION COMPANY LIMITED, a Bermuda exempted company and wholly‑owned subsidiary of ACP (“Merger Sub” and, together with ACP, collectively, the “Borrower”), ACP RE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”) and owner of 100% of the Equity Interests (as defined below) of ACP, as a Guarantor, the LENDERS from time to time party hereto, and AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation, as Supplemental Administrative Agent.Agents 96