Common use of Variations in Pronouns Clause in Contracts

Variations in Pronouns. All pronouns and nouns and any variations thereof refer to the masculine, feminine, neuter, singular or plural, as the context may require. If the terms and conditions of this Agreement are satisfactory to you, please sign the form of acceptance on the enclosed counterpart and return it to the Company, whereupon this letter shall become a binding agreement between you and the Company. Very truly yours, CERES GROUP,INC. /s/ VAL XXXXX ----------------------------- By: Val Xxxxx Its: Executive Vice President The foregoing agreement is hereby accepted as of the date first above written. INSURANCE PARTNERS, L.P. By: Insurance GenPar, L.P., its General Partner By: Insurance GenPar MGP, L.P., its General Partner By: Insurance GenPar MGP, Inc., its General Partner /s/ ROBEXX X XPASS Number of Subscription Shares: 949,818 ------------------------------ Purchase Price: $7,123,635 By: Robexx X Xpass ($7.50 x number of Subscription Shares) Its: President

Variations in Pronouns. All pronouns and nouns and any variations thereof refer to the masculine, feminine, neuter, singular or plural, as the context may require. If the terms and conditions of this Agreement are satisfactory to you, please sign the form of acceptance on the enclosed counterpart and return it to the Company, whereupon this letter shall become a binding agreement between you and the Company. Very truly yours, CERES GROUP,, INC. /s/ VAL XXXXX ----------------------------- ------------------------------------ By: Val Xxxxx Its: Executive Vice President The foregoing agreement is hereby accepted as of the date first above written. INSURANCE PARTNERSPARTNERS OFFSHORE (BERMUDA), L.P. By: Insurance GenParGenPar (Bermuda), L.P., its General Partner By: Insurance GenPar (Bermuda) MGP, L.P., its General Partner By: Insurance GenPar (Bermuda) MGP, Inc.Ltd., its General Partner /s/ ROBEXX X XPASS X. XXXSS Number of ------------------------------------- Subscription Shares: 949,818 ------------------------------ 280,182 By: Robexx X. Xxxss --------- Its: President Purchase Price: $7,123,635 By: Robexx X Xpass 2,101,365 ---------------- ($7.50 x number of Subscription Shares) Its: President)