AMENDED AND RESTATED AGREEMENT by and among GREENLIGHT REINSURANCE, LTD., GREENLIGHT REINSURANCE IRELAND, LTD., GREENLIGHT CAPITAL RE, LTD. (for limited purposes) and DME ADVISORS, LP AMENDED AND RESTATED AS OF AUGUST 31, 2010Agreement • November 2nd, 2010 • Greenlight Capital Re, Ltd. • Fire, marine & casualty insurance • New York
THIS AMENDED AND RESTATED AGREEMENT (the “Agreement”) is made as of this 31st day of August, 2010 by and among Greenlight Reinsurance, Ltd., incorporated under the laws of the Cayman Islands as an exempted company with limited liability and a holder of a Class B Insurer’s license issued in accordance with the terms of the Insurance Law (as revised) of the Cayman Islands (“Greenlight Re”), Greenlight Reinsurance Ireland, Ltd., Incorporated under the laws of Ireland as a non-life reinsurer in accordance with the provisions of the European Communities (Reinsurance) Regulation 2006 (“GRIL”) and DME Advisors, LP, a Delaware limited partnership (“DME”), and, solely for the purposes set forth in Section 4.1 (d) and (e), Greenlight Capital Re, Ltd. incorporated under the laws of the Cayman Islands as an exempted company with limited liability (“Greenlight Capital Re”);
MASTER REIMBURSEMENT AGREEMENT – FORM 3/CEPMaster Reimbursement Agreement • November 2nd, 2010 • Greenlight Capital Re, Ltd. • Fire, marine & casualty insurance
Subject to the Company’s satisfaction of the terms and conditions contained in this Agreement, CEP agrees to establish letters of credit or similar or equivalent acceptable instruments (each a "Credit" and collectively the "Credits") on behalf of the Company in favour of beneficiaries located in the United States of America or elsewhere (the "Beneficiary" or "Beneficiaries" as relevant). In furtherance of this Agreement, the parties have separately agreed the contractual or security arrangements that will apply in respect of the Company’s obligations under or pursuant to this Agreement. For the avoidance of doubt, in the event of any inconsistency between the terms of this Agreement and the terms of the Committed Facility dated on or about the date of this Agreement (“Committed Facility Letter”), the terms of the Committed Facility Letter shall prevail.
REINSURANCE DEPOSIT AGREEMENTReinsurance Deposit Agreement • November 2nd, 2010 • Greenlight Capital Re, Ltd. • Fire, marine & casualty insurance
Name of Chargor and address of its registered or principal office: Greenlight Reinsurance, Ltd 65 Market Street Suite 1207, Jasmine Court Camana Bay, PO Box 31110 Grand Cayman, KY1-1205 CAYMAN ISLANDS facsimile no: 345 745 4576 Company Number: CR-137831 (the "Chargor")
