ACCOUNT CONTROL AGREEMENTAccount Control Agreement • January 28th, 2009 • Flagstone Reinsurance Holdings LTD • Fire, marine & casualty insurance • New York
CITIBANK EUROPE plc, a banking corporation organized and existing under the laws of the Republic of Ireland (the “Secured Party”); FLAGSTONE REASSURANCE SUISSE S.A., a corporation organized and existing under the laws of Switzerland (the “Customer”); and JPMORGAN CHASE BANK, N.A. (the “Bank”) hereby agree as follows:
Insurance Letters of Credit – Master AgreementFlagstone Reinsurance Holdings LTD • January 28th, 2009 • Fire, marine & casualty insurance
Subject to the Company’s satisfaction of the terms and conditions contained in this Agreement, CEP agrees to establish letters of credit or similar or equivalent acceptable instruments (each a “Credit” and collectively the “Credits”) on behalf of the Company in favour of beneficiaries located in the United States of America or elsewhere (the “Beneficiary” or “Beneficiaries” as relevant). In furtherance of this Agreement, the parties have separately agreed the contractual or security arrangements that will apply in respect of the Company’s obligations under or pursuant to this Agreement.
PLEDGE AGREEMENTPledge Agreement • January 28th, 2009 • Flagstone Reinsurance Holdings LTD • Fire, marine & casualty insurance • New York
PLEDGE AGREEMENT, dated as of 22 January 2009, (this “Agreement”) made among FLAGSTONE REASSURANCE SUISSE, S.A., a company organized and existing under the laws of Switzerland. whose address of its registered or principal office is at Rue du College 1, CH-1920, Martigny, Switzerland (the “Pledgor”), and CITIBANK EUROPE PLC (the “Pledgee”).
Security Agreement (Portfolio and Cash Deposits - Third Party - Citibank, N.A. as Custodian)Security Agreement • January 28th, 2009 • Flagstone Reinsurance Holdings LTD • Fire, marine & casualty insurance
Name of Chargor and address of its registered or principal office: Flagstone Réassurance Suisse, SA, Rue du College 1, CH-1920, Martigny, Switzerland CH-621.3.007.041-9 facsimile no: +41 27 721 00 11 Company Number: (the "Chargor")
