0001628279-17-000008 Sample Contracts

QUOTA SHARE RETROCESSION AGREEMENT
Quota Share Retrocession Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance • New York

WHEREAS, Arch Underwriters Ltd. (“AUL”) is a Bermuda company which provides certain services to the Retrocessionaire including (but not limited to) supervising the underwriting of reinsurance contracts for the Retrocessionaire;

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QUOTA SHARE REINSURANCE AGREEMENT (the' Agreement") between WATFORD INSURANCE COMPANY EUROPE LIMITED a Gibraltar-domiciled insurance company (the "Company") and ARCH REINSURANCE LTD. a Bermuda-domiciled insurance company (the "Reinsurer ')
Quota Share Reinsurance Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance

This Agreement is to indemnify and hold the Company harmless in respect of the applicable Ceded Percentage of the Company's liability net of collectable Inuring Reinsurance that may accrue to the Company in respect of its participation in each Policy incepting on or after the Effective Date and prior to the Termination Date.

QUOTA SHARE RETROCESSION AGREEMENT
Quota Share Retrocession Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance

This Agreement is to indemnify and hold the Company harmless in respect of the Ceded Percentage of the Company’s gross liability that may accrue to the Company in respect of its participations in Ceded Contracts written by the Company incepting on or after the Effective Date and prior to the Termination Date.

PROPERTY CATASTROPHE QUOTA SHARE RETROCESSION AGREEMENT
Property Catastrophe Quota Share Retrocession Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance • New York

This Agreement is to indemnify and hold the Company harmless in respect of the Ceded Percentage of the Company’s gross liability that may accrue to the Company in respect of its participations in Underlying Contracts written by the Company incepting on or after the Effective Date and prior to the Termination Date.

ENDORSEMENT
Quota Share Retrocession Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance

Attached to and forming part of the QUOTA SHARE RETROCESSION AGREEMENT ("Agreement"), made as of the 1st day of January 2014, between ARCH REINSURANCE COMPANY, a Nebraska corporation (the "Company") and WATFORD RE LTD., a Bermuda domiciled insurance company (the "Retrocessionaire").

ENDORSEMENT NO. 3
Retrocession Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance

This Endorsement No. 3 is made and entered into as of the 1st day of January, 2017 ("Addendum Effective Date"), and amends the Quota Share Retrocession Agreement ("Agreement"), effective January 1, 2014, by and between Arch Reinsurance Company (the "Company") and Watford Re Ltd. ( the "Retrocessionaire")

ENDORSEMENT No. 2
Quota Share Retrocession Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance

Attached to and forming part of the QUOTA SHARE RETROCESSION AGREEMENT ("Agreement"), made as of the 1st day of January 2016, between ARCH REINSURANCE COMPANY, a Delaware corporation (the "Company") and WATFORD RE LTD., a Bermuda domiciled insurance company (the "Retrocessionaire").

ADDENDUM NO. 1 TO SERVICES AGREEMENT
Services Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance

This Addendum No. 1 is made and entered into as of the 16th day of September, 2014, and amends the Services Agreement (“Agreement”), effective March 24, 2014, by and among Watford Re Ltd., Watford Holdings Ltd., Arch Underwriters Ltd and, solely for the limited pur- poses set forth in Sections 2.08, 9.02(a)(iii), 12.07, and 12.13 of the Agreement, Highbridge Principal Strategies, LLC.

SERVICES AGREEMENT
Services Agreement • August 14th, 2017 • Watford Holdings Ltd. • Fire, marine & casualty insurance • New York

This SERVICES AGREEMENT (this “Agreement”), dated as of March 24, 2014, is entered into by and among Watford Re Ltd., a Bermuda exempted company with limited liability (the “Company”), Watford Holdings Ltd., a Bermuda exempted company with limited liability (the “Parent”), Arch Underwriters Ltd., a Bermuda exempted company with limited liability (“AUL”) and, solely for the limited purposes set forth in Sections ‎2.08, ‎9.02(a)(iii), 12.07, and ‎12.13, Highbridge Principal Strategies, LLC, a Delaware limited liability company (the “Investment Manager”). The Company and AUL may be referred to herein individually as a “Party” and collectively as the “Parties”.

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