0000950136-04-002295 Sample Contracts

PRIMUS GUARANTY, LTD. ------
Shareholder Agreement • July 23rd, 2004 • Primus Guaranty LTD • Finance services

Primus Guaranty, Ltd. (hereinafter called the "Company"), transferable on the books of the Company by the holder hereof in person or by duly authorized attorney, upon surrender of this certificate properly endorsed. This certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar.

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