0001628280-19-003296 Sample Contracts

AGREEMENT
Shareholder Agreement • March 25th, 2019 • Watford Holdings Ltd. • Fire, marine & casualty insurance • New York

This agreement (this "Agreement"), dated as of March 22, 2019 and effective as of the Listing Date (as defined herein), is made by and between Watford Holdings Ltd. (the "Company") and Arch Reinsurance Ltd. ("Arch"). Reference is made to (i) that certain Common Shareholders Agreement dated as of March 25, 2014 (the "Shareholders Agreement") among Watford Holdings Ltd. (the "Company") and each of the Shareholders (as defined in the Shareholders Agreement) party thereto and (ii) the Bye-Laws of the Company, as may be amended from time to time (the "Bye-laws"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Shareholders Agreement.

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