PLATINUM UNDERWRITERS HOLDINGS, LTD. The Belvedere Building 69 Pitts Bay Road Pembroke HM08 BermudaNonqualified Share Option Agreement • March 4th, 2008 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York
Reference is made to (i) the letter agreement dated October 27, 2005 between Platinum Underwriters Holdings, Ltd. (the “Company”) and you relating to your services as Chairman of the Board of Directors of the Company (the “Chairman Agreement”), and (ii) the letter agreement dated October 27, 2005 among Platinum Underwriters Reinsurance, Inc. (“Platinum US”), SHN Enterprises, Inc. (“SHN”) and you relating to your consulting arrangement with Platinum US (the “Old Consulting Agreement”). This letter agreement is hereinafter referred to as this “Agreement.”
