0001104659-07-087880 Sample Contracts

AMENDMENT
Montpelier Re Holdings LTD • December 10th, 2007 • Fire, marine & casualty insurance • New York

This letter agreement (the “Amendment”) amends the terms and conditions of the Transaction (the “Transaction”) entered into between Credit Suisse International (“Credit Suisse”) and Montpelier Re Holdings Ltd. (“Counterparty”), pursuant to a letter agreement dated May 31, 2006 (the “Confirmation”), External ID: 50192945 – Risk ID: 40080280, pursuant to which Credit Suisse and Counterparty entered into a Share Forward Transaction relating to an aggregate of 7,920,000 Shares. Upon the effectiveness of this Amendment as set forth in Section 5 hereof, all references in the Confirmation to the “Transaction” shall be deemed to be to the Transaction as amended hereby. Capitalized terms used herein without definition shall have the meanings assigned to them in the Confirmation.

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