Re: Mont Fort Re Ltd.
Exhibit 10.22
6th March, 2006
Mr. David Brown, Director
Flagstone Reinsurance Holdings Limited
23 Church Street, 3rd Floor
Hamilton HM 11, Bermuda
Dear David
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.
| Shares |
| 370,000 Common Shares of par value US$1 each. |
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| Consideration: |
| U$50,000 |
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| Governing Law: |
| This letter agreement shall be governed and construed in accordance with the laws of Bermuda. |
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| Representations & Warranties |
| 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.
| Haverford (Bermuda) Ltd. | Flagstone Reinsurance Holdings Limited | ||||
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| Signed: | /s/ Mark Byrne |
| Signed: | /s/ David Brown |
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| Mark Byrne | David Brown | ||||
| Director | Director | ||||
Haverford (Bermuda) Ltd.
Crawford House, 23 Church Street, Hamilton HM 11, Bermuda Mailing Address:
Suite 224, 12 Church Street Hamilton HM 11, Bermuda
Tel: +1 ###-###-#### Fax: ###-###-#### E-Mail: ***@***
