This DEED is made on the 4th day of
Montpelier Underwriting Services
Limited of 7 th
Floor, 85 Gracechurch Street,
London EC3 (“MUSL) and
Thomas G.S. Busher of Callislo, 2
South Road, St George’s, HS02, Bermuda (“the
together “the Parties.”
The Parties have previously amended
the Service Agreement by deed dated 30 th January 2009.
The Parties wish to further amend
the service agreement between MUSL and the Executive dated
24 th January, 2002 (“the Service
Agreement”) as set out herein.
Section 4A, entitled
“Duties and Responsibilities as MUAL Non-Executive