SiriusPoint Ltd. 2023 Omnibus Incentive Plan - Form of Employee Performance Restricted Share Unit Agreement

[insert name]

As part of the 2023-2025 annual long-term incentive award cycle of SiriusPoint Ltd. (the “Company”), you have been granted a number of Restricted Share Units as set forth below with respect to common shares of the Company, par value U.S.$0.10 per share (“Share”), pursuant to the terms and conditions of the SiriusPoint Ltd. 2023 Omnibus Incentive Plan (the “Plan”) and the Employee Performance Restricted Share Unit Agreement (together with this Award Notice, the “Agreement”). The Employee Performance Restricted Share Unit Agreement is attached hereto, and a copy of the Plan is publicly available or will be provided on request. Capitalized terms not defined herein shall have the meanings specified in the Plan or the Agreement.

By signing below and returning this Award Notice to SiriusPoint Ltd., I hereby acknowledge receipt of the Agreement and the Plan, accept the Restricted Share Units granted to me and agree to be bound by the terms and conditions of this Award Notice, the Agreement and the Plan.

EMPLOYEE PERFORMANCE RESTRICTED SHARE UNIT AGREEMENT (the “Agreement”) dated as of the Grant Date set forth in the Notice of Grant (as defined below), by and between SiriusPoint Ltd., a Bermuda exempted company (the “Company”), and the employee whose name appears in the Notice of Grant (the “Participant”), pursuant to the SiriusPoint Ltd. 2023 Omnibus Incentive Plan (the “Plan”). Capitalized terms that are not defined herein shall have the meanings given to such terms in the Plan.

1.Grant of Restricted Share Units. The Company hereby evidences and confirms its grant to the Participant, effective as of the Grant Date, of the number of Restricted Share Units specified in the SiriusPoint Ltd. 2023 Omnibus Incentive Plan Employee Performance Restricted Share Unit Award Notice delivered by the Company to the Participant (the “Notice of Grant”). Each Restricted Share Unit shall entitle the Participant, upon the settlement thereof, to the delivery of one common share of the Company, par value U.S.$0.10 per share (“Share”). This Agreement is subordinate to, and the terms and conditions of the Restricted Share Units granted hereunder are subject to, the terms and conditions of the Plan, which are incorporated by reference herein. If there is any inconsistency between the terms hereof and the terms of the Plan, the terms of the Plan shall govern. The Restricted Share Units shall be considered a Performance Award under the Plan.

2.Vesting of Restricted Share Units; Restricted Period; Settlement.

(a)Vesting. Except as otherwise provided in this Section 2, the Restricted Share Units shall become vested, if at all, based upon the achievement of the performance goals set forth in the Notice of Grant (the “Performance Goals”), as certified by the Committee, as well as subject to any Service condition set forth in the Notice of Grant. As soon as feasible after the end of the Performance Period (as this term is defined in the Notice of Grant), the Committee will determine whether and to what extent the Performance Goals have been satisfied. Based upon the foregoing determination, the Restricted Share Units, if any, will vest [ ] (the “Vesting Date,” and the period between the Grant Date and the Vesting Date, the “Restricted Period”). Restricted Share Units that do not vest on the Vesting Date in accordance with this Section 2 shall be forfeited. Within sixty (60) days following the Vesting Date, the Company shall issue the Shares underlying such vested Restricted Share Units or shall otherwise evidence the Participant’s ownership of the Shares (whereupon such vested Restricted Share Units shall cease to be outstanding).

(b)Death or Disability. If a Participant’s Services to the Company terminate due to death or by the Company due to Disability prior to the Vesting Date, then the Participant shall vest in the Restricted Share Units, assuming target performance, and pro-rated based on the number of full months during the Restricted Period during which the Participant was employed; provided, however, if the Performance Period has ended on or prior to the Participant’s death or termination by the Company due to Disability, then the number of Restricted Share Units that shall vest, if any, shall be determined based on actual performance during the Performance Period. Any remaining unvested Restricted Share Units shall immediately be forfeited and cancelled effective as of the date of the Participant’s death or effective date of the Participant’s Termination of Service due to Disability. Within sixty (60) days following the Participant’s death or Termination of Service due to Disability, the Company shall issue the Shares underlying such vested Restricted Share Units or shall otherwise evidence the Participant’s (or his or her estate’s) ownership of the Shares (whereupon such vested Restricted Share Units shall cease to be outstanding); provided, however, that if the Performance Period has ended on or prior to the Participant’s death or termination by the Company due to Disability, then any vested Restricted Share Units shall be settled by March 15th following the conclusion of the Performance Period.

(c)Change in Control. In the event of a Change in Control during the Restricted Period, if the Participant is terminated by the Company without Cause or if the Participant resigns from employment with the Company with Good Reason, in each case, during the period beginning on the date that is ninety (90) days prior to a Change in Control and ending on the date that is twenty-four (24) months following the Change in Control (a “Change in Control Termination”) and the successor company assumes or substitutes for the Restricted Stock Units (as determined pursuant to Section 13(a) of the Plan), then the Restricted Share Units shall vest on the effective date of the Participant’s Termination of Service (or, if later, the

effective date of the Change in Control), at target levels or, if greater, at levels based on actual performance achieved through the end of the fiscal quarter ending immediately prior to the Change in Control, provided Participant’s signs and does not revoke (if applicable) a severance and general release agreement with and on terms satisfactory to the Company (the “Release”) within 60 days following the Change in Control Termination (or, if later, the effective date of the Change in Control). Other than as set forth in the prior sentence and for the avoidance of doubt, any remaining unvested Restricted Share Units shall be forfeited and cancelled as of the effective date of the Participant’s Termination of Service. “Good Reason” shall have the meaning, if any, set forth in the Participant’s employment agreement with the Company or its Subsidiary, as applicable. If the Participant is not party to an employment agreement, or if the Participant’s employment agreement does not contain a definition of Good Reason, then the terms of this Section 2(c) relating to Good Reason shall not be operative with respect to such Participant. Within sixty (60) days following the Change in Control Termination (or, if later, the effective date of the Change in Control) and subject to the Participant’s signing and not revoking (if applicable) the Release, the Company shall issue the Shares underlying such vested Restricted Share Units or shall otherwise evidence the Participant’s ownership of the Shares (whereupon such vested Restricted Share Units shall cease to be outstanding); provided, however, that if the Performance Period has ended on or prior to the Change in Control Termination, then any vested Restricted Share Units shall be settled by March 15th following the conclusion of the Performance Period. Notwithstanding the above, for the avoidance of doubt, if the Restricted Stock Units are not assumed or substituted by the successor company (as determined pursuant to Section 13(a) of the Plan), then such Restricted Stock Units shall be treated in accordance with Section 13(b) of the Plan.

(d)

3.Securities Law Compliance. Notwithstanding any other provision of this Agreement, the Participant may not sell the Shares delivered upon settlement of the Restricted Share Units that become vested unless such Shares are registered under the Securities Act of 1933, as amended (the “Securities Act”), or, if such Shares are not then so registered, such sale would be exempt from the registration requirements of the Securities Act. The sale of such Shares must also comply with other applicable laws and regulations governing the Shares, and Participant may not sell the Shares if the Company determines that such sale would not be in material compliance with such laws and regulations.

4.Participant’s Rights with Respect to the Restricted Share Units.

(a)Restrictions on Transferability. Prior to the settlement of the Restricted Share Units, the Restricted Share Units granted hereby (and the Shares subject to this Agreement) are not assignable or transferable, in whole or in part, and may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including without limitation by gift, operation of law or otherwise) other than by will or by the laws of descent and distribution to the estate of the Participant upon the Participant’s death.

(b)Rights as Shareholder; No Dividend Equivalents. The Participant shall not be treated as the record owner of the Shares underlying the Restricted Share Units until the underlying Shares are delivered in settlement thereof, at which time the Participant shall be entitled to all of the rights of a shareholder of the Company including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Outstanding Restricted Share Units shall not be entitled to Dividend Equivalents.

(c)Shares Certificates. The Company may issue shares certificates or evidence the Participant’s interest in the Shares underlying the Restricted Share Units by using a restricted book entry account with the Company’s transfer agent.

5.Adjustment in Capitalization. The number, class or other terms of any outstanding Restricted Share Units may be adjusted from time to time by the Committee in accordance with Section 4(c) of the Plan.

6.Miscellaneous.

(a)Binding Effect; Benefits. This Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and their respective successors and assigns. Nothing in this Agreement, express or implied, is intended or shall be construed to give any person other than the parties to this Agreement or their respective successors or assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein.

(b)No Right to Continued Services. Nothing in the Plan or this Agreement shall interfere with or limit in any way the right of the Company or any of its Subsidiaries to terminate the Participant’s Services at any time or confer upon the Participant any right to continue in the Services of the Company or any of its Subsidiaries.

(c)Interpretation. The Committee shall have full power and discretion to construe and interpret the Plan (and any rules and regulations issued thereunder) and this Award. Any determination or interpretation by the Committee under or pursuant to the Plan or this Award shall be final and binding and conclusive on all persons affected hereby.

(d)Tax Withholding. The Company and its Subsidiaries shall have the right to deduct from all amounts paid to the Participant in cash (whether under the Plan or otherwise) any amount of taxes required by law to be withheld in respect of the Restricted Share Units or the underlying Shares under the Plan as may be necessary in the opinion of the Company to satisfy tax withholding required or which the Company or any of its Subsidiaries is permitted to deduct under the laws of any country, state, city or other jurisdiction, including but not limited to payroll taxes, income taxes, capital gains taxes, transfer taxes, and social security contributions that are required by law to be withheld or for which the Company or one of its Subsidiaries would be required to account for to any relevant authority and is permitted to deduct from remuneration payable to the Participant under the applicable law. The Company may require the recipient of the Shares to remit to the Company an amount in cash sufficient to satisfy the amount of taxes required to be withheld (or otherwise permitted to be deducted by the Company or one of its Subsidiaries) as a condition to the issuance of Shares deliverable to the Participant upon vesting of the Restricted Share Units. The Committee may, in its discretion, require the Participant, or permit the Participant to elect, subject to such conditions as the Committee shall impose, to meet such obligations by having the Company sell the least number of whole Shares having a Fair Market Value sufficient to satisfy all or part of the amount required to be withheld (or otherwise permitted to be deducted by the Company or one of its Subsidiaries). Subject to Section 409A of the Code and other applicable law, the Company may defer delivery of the Shares until such requirements are satisfied.

(e)Application of Clawback Policy. The Restricted Share Units or underlying Shares granted or vested and any gains earned or accrued due to the sale of any underlying Shares shall be subject to any generally applicable clawback and recoupment policies of the Company in effect as of the Grant Date or adopted thereafter to comply with applicable law or regulations in effect on or after the Grant Date, including Section 304 of the U.S. Sarbanes-Oxley Act of 2002 and Section 10D-1 of the Exchange Act. The implementation of policies and procedures pursuant to this Section 6(e) and any modification of the same shall not be subject to any restrictions on amendment or modification of Awards. Any such policies may (in the discretion of the Administrator or the Board) be applied to outstanding Awards at the time of adoption of such policies, or on a prospective basis only.

(f)Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York regardless of the application of rules of conflict of laws that would apply the laws of any other jurisdiction.

(g)Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the Restricted Share Units evidenced hereby, the Participant acknowledges: (a) that the Plan is discretionary in nature and may be suspended or terminated by the

Company at any time; (b) that the Award does not create any contractual or other right to receive future grants of Awards; (c) that participation in the Plan is voluntary; (d) that the value of the Restricted Share Units is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; and (e) that the future value of the Shares underlying the Restricted Share Units is unknown and cannot be predicted with certainty.

(h)Employee Data Privacy. By entering into this Agreement and accepting the Restricted Share Units evidenced hereby, the Participant: (a) authorizes the Company, any agent of the Company administering the Plan or providing Plan recordkeeping services, to disclose to the Company or any of its affiliates any information and data the Company requests in order to facilitate the grant of the Award and the administration of the Plan; (b) waives any data privacy rights the Participant may have with respect to such information; and (c) authorizes the Company and its agents to store and transmit such information in electronic form.

(i)Consent to Electronic Delivery. By entering into this Agreement and accepting the Restricted Share Units evidenced hereby, Participant hereby consents to the delivery of information (including, without limitation, information required to be delivered to the Participant pursuant to applicable securities laws) regarding the Company and the Subsidiaries, the Plan, this Agreement and the Restricted Share Units via Company website, email or other electronic delivery.

(j)Headings and Captions. The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

(k)Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same instrument.

(l)Compliance With Section 409A of the Code. The Restricted Share Units are intended to be exempt from or comply with Section 409A of the Code, and shall be interpreted and construed accordingly. To the extent this Agreement provides for the Restricted Share Units to become vested and be settled upon the Holder’s termination of Service, the applicable Shares shall be transferred to the Participant or his or her beneficiary upon the Participant’s “separation from service,” within the meaning of Section 409A of the Code; provided that if the Participant is a “specified employee,” within the meaning of Section 409A of the Code, then to the extent the Award constitutes nonqualified deferred compensation, within the meaning of Section 409A of the Code, such Shares shall be transferred to the Participant or his or her beneficiary upon the earlier to occur of (i) the six-month anniversary of such separation from service and (ii) the date of the Participant’s death.