0001125282-02-000997 Sample Contracts

RECITALS:
Service Agreement • March 27th, 2002 • Pxre Group LTD • Title insurance
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SECOND AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT AND CONSENT
Credit Agreement • March 27th, 2002 • Pxre Group LTD • Title insurance • New York
BETWEEN
Joint Venture Agreement • March 27th, 2002 • Pxre Group LTD • Title insurance
TO FACULTATIVE OBLIGATORY RETROCESSION AGREEMENT (hereinafter referred to as "Agreement")
Facultative Obligatory Retrocession Agreement • March 27th, 2002 • Pxre Group LTD • Title insurance

Under terms of the Agreement, the Reinsurer agrees to assume severally and not jointly with other participants a 8% share (being $1,600,000 per program) of the liability described in the attached Agreement, and as consideration of the above, the Reinsurer shall receive 8% of the premium named therein for cession made on or after 12:01 a.m., January 1, 2002, local time, for business incepting our renewing after that date.

Re: Retention Bonus
Pxre Group LTD • March 27th, 2002 • Title insurance

As I discussed with you on December 10, 2001, PXRE Reinsurance Company (the "Company") has agreed to pay the following retention bonus (the "Rentention Bonus") to you:

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