Letter agreement between Greenlight Reinsurance, Ltd, Greenlight Reinsurance Ireland, DAC, DME Advisors II, LLC and DME Advisors, LP, effective June 1, 2019

This letter agreement is being entered into in connection with the investments by Greenlight Reinsurance, Ltd. (“Greenlight Re”) and Greenlight Reinsurance Ireland, DAC (“GRIL”) in Solasglas Investments, LP, a Cayman Islands exempted limited partnership (the “Partnership”), pursuant to the amended and restated exempted limited partnership agreement of the Partnership, dated August 30, 2018 and effective September 1, 2018 as amended by an amendment dated February 26, 2019 (the “Partnership Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings given to them in the Partnership Agreement.

This letter agreement may be executed in one or more counterparts, each one of which will be deemed an original, and all of which together will constitute one and the same agreement. This letter agreement may not be amended or modified without the written consent of all of the parties hereto.

 

This letter agreement constitutes a valid and binding agreement of the parties hereto, enforceable against each party in accordance with its terms.

If the above correctly reflects your understanding and agreement with respect to the foregoing matters, please so confirm by signing and returning the enclosed copy of this letter agreement.

Very truly yours,

DME ADVISORS II, LLC

Title: COO

Title: COO

GREENLIGHT REINSURANCE, LTD.

By: /s/ Simon Burton

Name: Simon Burton

Title: CEO    

GREENLIGHT REINSURANCE IRELAND, DAC

By: /s/ Tim Courtis

Name: Tim Courtis

Title: Director