6th March, 2006 Mr. David Brown, Director Flagstone Reinsurance Holdings Limited
Exhibit 10.22
6th March, 2006
Mr. ▇▇▇▇▇ ▇▇▇▇▇, Director
Flagstone Reinsurance Holdings Limited
▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, 3rd Floor
▇▇▇▇▇▇▇▇ ▇▇ 11, Bermuda
Dear ▇▇▇▇▇
Re: Mont Fort Re Ltd.
This letter will confirm our agreement to the transfer of our share holdings in Mont Fort Re Ltd. on the terms set out below.
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370,000 Common Shares of par value US$1 each. |
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Consideration: |
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U$50,000 |
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Governing Law: |
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This letter agreement shall be governed and construed in accordance with the laws of Bermuda. |
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Representations & Warranties |
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We hereby represent and warrant that we are transferring the referred to above free and clear of any liens or encumbrances. |
Please confirm your acceptance of the foregoing by returning a signed copy of this letter to us at the address below.
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Haverford (Bermuda) Ltd. |
Flagstone Reinsurance Holdings Limited |
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Signed: |
/s/ ▇▇▇▇ ▇▇▇▇▇ |
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Signed: |
/s/ ▇▇▇▇▇ ▇▇▇▇▇ |
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Director |
Director |
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Haverford (Bermuda) Ltd.
▇▇▇▇▇▇▇▇ House, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇, Bermuda Mailing
Address:
Suite ▇▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇, ▇▇▇▇▇▇▇
Tel: ▇▇ ▇▇▇-▇▇▇-▇▇▇▇ Fax: ▇▇ ▇▇▇-▇▇▇-▇▇▇▇ E-Mail: ▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇