0001104659-08-013850 Sample Contracts

SERVICE AGREEMENT
Service Agreement • February 28th, 2008 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance

MONTPELIER REINSURANCE LTD., whose registered office is situate at Clarendon House, 2 Church Street, Hamilton Bermuda (the “Company”); and

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FIRST AMENDMENT AGREEMENT
Credit Agreement • February 28th, 2008 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance

THIS FIRST AMENDMENT AGREEMENT, dated as of November 27, 2007 (this “Amendment”), amends the Credit Agreement, dated as of June 8, 2007 (the “Credit Agreement”), among MONTPELIER REINSURANCE LTD., MONTPELIER RE HOLDINGS LTD., the various financial institutions parties thereto (collectively, the “Lenders”) and BANK OF AMERICA, N.A., as administrative agent (the “Administrative Agent”) for the Lenders. Terms defined in the Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used herein as defined therein.

MONTPELIER RE HOLDINGS LTD. LONG-TERM INCENTIVE PLAN RESTRICTED SHARE UNIT AWARD AGREEMENT
Restricted Share Unit Award Agreement • February 28th, 2008 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance

This Award Agreement (the “Award Agreement”) is made and entered into as of [ ] between Montpelier Re Holdings Ltd. (the “Company”) and NAME (the “Participant”).

MONTPELIER RE HOLDINGS LTD. LONG-TERM INCENTIVE PLAN ANNUAL BONUS AND RESTRICTED SHARE UNIT AWARD AGREEMENT
Annual Bonus and Restricted Share Unit Award Agreement • February 28th, 2008 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance

This Award Agreement (the “Award Agreement”) is made and entered into as of [ ] between Montpelier Re Holdings Ltd. (the “Company”) and NAME (the “Participant”).

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