FORM OF GUARANTEE AGREEMENTForm of Guarantee Agreement • March 13th, 2009 • Odyssey Re Holdings Corp • Fire, marine & casualty insurance • New York
Contract Type FiledMarch 13th, 2009 Company Industry JurisdictionThis GUARANTEE AGREEMENT, dated as of [ ], is executed and delivered by Odyssey Re Holdings Corp., a Delaware corporation (the “Guarantor”), and The Bank of New York Mellon, as the Guarantee Trustee (as defined herein) for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of OdysseyRe Capital Trust I, a Delaware statutory business trust (the “Issuer”).