0001125282-05-001021 Sample Contracts

PXRE GROUP LTD. RESTRICTED SHARE AWARD AGREEMENT
Restricted Share Award Agreement • March 1st, 2005 • Pxre Group LTD • Title insurance

This Agreement confirms the grant of Restricted Shares to you on February 24, 2005 by PXRE Group Ltd. (the “Company”) under the Company’s 2002 Officer Incentive Plan (the “Plan”), upon the following terms and conditions.