Common use of Formulas Clause in Contracts

Formulas. i. The following abbreviations, as used in the Profit Sharing Formula and the Partial Reimbursement Formula, have the respective meanings set forth below: [***] [***] [***] [***] [***] The values of C", F", and r, for any given Subscription Year, are as below, and as reflected in Annex 3 – Reinsurance Commissions & Profit Share Information: C (commissions (% of total Reinsurer Premium)) [***] [***] [***] Broker Commission [***] [***] [***] F (Reinsurer fee (% of total Reinsurer Premium)) [***] [***] [***] r (distribution rate) [***] [***] [***] ii. The “Profit Sharing Formula” is as set forth below: [***] [***] [***] [***] [***] [***]

Formulas. i. The following abbreviations, as used in the Profit Sharing Formula and the Partial Reimbursement Formula, have the respective meanings set forth below: [***] [***] [***] [***] [***] The values of C", F", and r, for any given Subscription Year, are as below, and as reflected in Annex 3 – Reinsurance Commissions & Profit Share Information: C (commissions (% of total Reinsurer Premium)) [**** ] [**** ] [**** ] Broker Commission [**** ] [**** ] [**** ] F (Reinsurer fee (% of total Reinsurer Premium)) [**** ] [**** ] [**** ] r (distribution rate) [**** ] [**** ] [**** ] ii. The “Profit Sharing Formula” is as set forth below: [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]

Formulas. i. The following abbreviations, as used in the Profit Sharing Formula and the Partial Reimbursement Formula, have the respective meanings set forth below: [***] [***] [***] [***] [***] The values of C", F", and r, for any given Subscription Year, are as below, and as reflected in Annex 3 – Reinsurance Commissions & Profit Share Information: C (commissions (% of total Reinsurer Premium)) [**** ] [**** ] [**** ] Broker Commission [**** ] [**** ] [**** ] F (Reinsurer fee (% of total Reinsurer Premium)) [**** ] [**** ] [**** ] r (distribution rate) [**** ] [**** ] [**** ] ii. The “Profit Sharing Formula” is as set forth below: [***] [***] [***] iii. The “Partial Reimbursement Formula” is as set forth below: [***] [***] [***] [***]