And Restated Option Agreement Sample Contracts

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AMENDED AND RESTATED OPTION AGREEMENT
And Restated Option Agreement • April 19th, 2002 • Norsk Hydro a S A • Crude petroleum & natural gas

This Amended and Restated Option Agreement (the “Agreement”) is made and entered into this 18 day of April, 2002 by and among PACIFIC ATLANTIC TRADING CORPORATION INC., a corporation organized and existing under the laws of Cayman Islands, SQ GRAND CAYMAN CORP., a corporation organized and existing under the laws of Grand Cayman, INVERSIONES SQ HOLDING S.A., a corporation organized and existing under the laws of Chile, and Roberto Guzmán Lyon (collectively “Patco”), and NORSK HYDRO ASA, a corporation organized and existing under the laws of Norway (“Hydro”).

AMENDED AND RESTATED OPTION AGREEMENT
And Restated Option Agreement • January 11th, 2005 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

This AMENDED AND RESTATED OPTION AGREEMENT (this “Agreement”), dated as of January 10, 2005, amends and restates the OPTION AGREEMENT, dated November 1, 2002 (the “Option Agreement”), between (i) PLATINUM UNDERWRITERS HOLDINGS, LTD., a company organized under the laws of the Islands of Bermuda (the “Company”), and (ii) THE ST. PAUL TRAVELERS COMPANIES, INC., a company incorporated under the laws of the State of Minnesota in the United States of America and formerly known as The St. Paul Companies, Inc. (“St. Paul Travelers”).

AMENDED AND RESTATED OPTION AGREEMENT
And Restated Option Agreement • January 11th, 2005 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

This AMENDED AND RESTATED OPTION AGREEMENT (this “Agreement”), dated as of January 10, 2005, amends and restates the OPTION AGREEMENT, dated November 1, 2002 (the “Option Agreement”), between (i) PLATINUM UNDERWRITERS HOLDINGS, LTD., a company organized under the laws of the Islands of Bermuda (the “Company”), (ii) ST. PAUL REINSURANCE COMPANY LIMITED (the “Optionee”), a company organized under the laws of England and Wales and a wholly owned subsidiary of THE ST. PAUL TRAVELERS COMPANIES, INC., a company incorporated under the laws of the State of Minnesota in the United States of America and formerly known as The St. Paul Companies, Inc. (“St. Paul Travelers”), and (iii) ST. PAUL TRAVELERS.

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