February 21, 2007 Mr. Michael D. Price “Belvedere” 11 Belvedere Road Paget, DV 03 Bermuda Dear Michael:Letter Amendment • February 22nd, 2007 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance
Reference is hereby made to the letter dated August 4, 2004 by and among Platinum Underwriters Reinsurance, Inc., Platinum Underwriters Holdings, Ltd. (“Holdings”) and you (the “Letter Agreement”). This letter (the “Letter Amendment”) amends the Letter Agreement to replace Section 4 in its entirety with the following:
