0000950123-08-007814 Sample Contracts

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance

First Amendment (the “Amendment”) to the Employment Agreement dated as of September 24, 2007 (the “Agreement”) between Scottish Re Group Limited (the “Company”) and Terry Eleftheriou (the “Employee”) (together the “Parties”).

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EMPLOYMENT AGREEMENT
Employment Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance • England

EMPLOYMENT AGREEMENT (“Agreement”) dated as of November 30, 2007 between Scottish Re Holdings Limited (the “Company”) and David Howell (the “Employee”) (together, the “Parties”).

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance

First Amendment (the “Amendment”) to Employment Agreement dated as of July 18, 2007 (the “Agreement”) between Scottish Re Group Limited (the “Company”) and George R. Zippel (the “Employee”).

LETTER OF INTENT
Letter of Intent • July 11th, 2008 • Scottish Re Group LTD • Life insurance • New York
EMPLOYMENT AGREEMENT
Employment Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance • New York

EMPLOYMENT AGREEMENT (“Agreement”) dated as of January 8, 2008 between Scottish Holdings, Inc. (the “Company”) and Daniel Roth (the “Employee”) (together, the “Parties”).

SECOND AMENDED AND RESTATED FORBEARANCE AGREEMENT
Forbearance Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance • New York

This Second Amended and Restated Forbearance Agreement (this “Agreement”) is entered into as of June 30, 2008 by and between HSBC BANK USA, NATIONAL ASSOCIATION (“HSBC”), SCOTTISH ANNUITY & LIFE INSURANCE COMPANY (CAYMAN) LTD. (“SALIC”), SCOTTISH RE GROUP LIMITED (“SRGL”) and SCOTTISH RE (DUBLIN) LIMITED (“SCOTTISH (DUBLIN)”).

FORBEARANCE AGREEMENT
Forbearance Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance • New York

This FORBEARANCE AGREEMENT, dated as of June 30, 2008 (this “Agreement”), is entered into among Clearwater Re Limited (“Clearwater”), Scottish Annuity & Life Insurance Company (Cayman) Ltd. (“SALIC”), Scottish Re Group Limited (“SRGL”, together with Clearwater and SALIC, the “SRGL Parties” and each, individually, a “SRGL Party”; SRGL and all direct and indirect subsidiaries of SRGL, the “SRGL Entities” and each, individually, a “SRGL Entity”), Citibank N.A. (“Citibank”) and Calyon New York Branch (“Calyon”; together with Citibank, the “Noteholders”), in connection with those certain Clearwater Re Limited Floating Rate Variable Funding Notes due August 11, 2037 (the “Notes”) issued by Clearwater to the Noteholders.

EMPLOYMENT AGREEMENT
Employment Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance • New York

EMPLOYMENT AGREEMENT (“Agreement”) dated as August ___, 2007 between Scottish Re Group Limited (the “Company”) and Paul Goldean (the “Employee”) (together, the “Parties”).

EMPLOYMENT AGREEMENT
Employment Agreement • July 11th, 2008 • Scottish Re Group LTD • Life insurance • New York

EMPLOYMENT AGREEMENT (“Agreement”) dated as of November 16, 2007 between Scottish Re Group Limited (the “Company”) and Samir Shah (the “Employee”) (together, the “Parties”).

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