0001125282-06-001728 Sample Contracts

March 16, 2006 Jeffrey Radke 24 Hill Crescent Pembroke, Bermuda Dear Jeff,
Restricted Shares Agreement • March 20th, 2006 • Pxre Group LTD • Title insurance • New York

This Agreement confirms the grant of Restricted Shares to you on March 16, 2006 by PXRE Group Ltd. (the "Company") under the Company's 2002 Officer Incentive Plan (the "Plan"), upon the following terms and conditions.

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