0000950157-09-000354 Sample Contracts

ACCOUNT CONTROL AGREEMENT June 5, 2009
Account Control Agreement • June 11th, 2009 • Flagstone Reinsurance Holdings LTD • Fire, marine & casualty insurance • New York

BNP Paribas (the “Secured Party”); Flagstone Reassurance Suisse, S.A. (the “Customer”); and JPMORGAN CHASE BANK, N.A. (in its capacity as a “securities intermediary” as defined in Section 8-102 of the UCC, the “Bank”) hereby agree as follows:

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LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT dated as of June 5, 2009 between FLAGSTONE REASSURANCE SUISSE SA, as the Company, and BNP PARIBAS, as the Issuing Bank
Letter of Credit and Reimbursement Agreement • June 11th, 2009 • Flagstone Reinsurance Holdings LTD • Fire, marine & casualty insurance • New York

This Letter of Credit and Reimbursement Agreement (this “Agreement”), dated as of June 5, 2009, between Flagstone Reassurance Suisse SA, a société anonyme organized and existing under the laws of Switzerland (the “Company”), and BNP Paribas (“BNP” or, in its capacity as issuing bank, the “Issuing Bank”).

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