0001193125-09-041774 Sample Contracts

Dated this first day of March 2009 B E T W E E N : IPCRe Limited and Peter J.A. Cozens EMPLOYMENT AGREEMENT Conyers Dill & Pearman Barristers & Attorneys Hamilton, Bermuda Page - 1 - of 31
Employment Agreement • March 2nd, 2009 • Ipc Holdings LTD • Life insurance

IPCRe Limited a company incorporated under the laws of Bermuda with its registered office located at 29 Richmond Road, Pembroke HM 08, Bermuda (the “Company”); and

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SECOND AMENDMENT AND LIMITED CONSENT TO CREDIT AGREEMENT
Credit Agreement • March 2nd, 2009 • Ipc Holdings LTD • Life insurance • New York

THIS SECOND AMENDMENT AND LIMITED CONSENT TO CREDIT AGREEMENT, dated as of the first day of March, 2009 (this “Amendment”), is made among IPC HOLDINGS, LTD., a company organized under the laws of Bermuda (“IPC Holdings”), IPCRe LIMITED, a company organized under the laws of Bermuda (“IPCRe Limited”), Lenders listed on the signature pages hereto, and WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent and Fronting Bank (the “Administrative Agent”).

Dated this first day of March, 2009
Retirement and Consulting • March 2nd, 2009 • Ipc Holdings LTD • Life insurance

WHEREAS, the Executive has decided to retire from employment with the Company and any applicable Group Company and to resign as a member of the Board of Directors of the Company and the boards of directors of any applicable Group Company, effective as of the Retirement Date; and

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