wtmexhibit103






Exhibit 10.3 





 






DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4            





 






Duties of the  Agent Bank DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Terms and Conditions Changes in Agents egulations concerning transfers and registration of  Subordinated Notes Specified Offices of the Agents Redemption, Purchase and  Cancellation Redemption, Purchase and Cancellation provided however that DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Miscellaneous Duties of  the Agents Form of Global Note Certificate Form of Individual Note Certificate DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Exchanges of Global Note Certificate for Individual Note Certificates Transfers  of Subordinated Notes Replacement of Note Certificates Additional and successor agents Availability  of Individual Note Certificates DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided however Cancellation and  destruction DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Deferral of Interest Redemption, Purchase and Cancellation Issuer to pay Fiscal Agent Issuer to pay Fiscal Agent Payments to the Fiscal Agent provided however Payments to Noteholders provided however that Issuer to pay Fiscal Agent DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Issuer to pay Fiscal Agent Payments by Paying Agents Payments by Paying Agents Issuer to pay Fiscal  Agent Issuer to pay Fiscal Agent Payments by Paying Agents Issuer to pay Fiscal Agent Payments by Paying Agents Issuer to pay Fiscal Agent Issuer to pay Fiscal Agent Reimbursement by Fiscal Agent Appropriation by Fiscal Agent provided however that Reimbursement by Issuer Issuer to pay Fiscal Agent DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided however that provided however that Interest DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Interest Supervisory Consent Deferral of Interest Notice of Deferral Regulatory Deficiency Deferral of  Interest DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Deferral of redemption date Deferral of redemption date provided however that Deferral of Interest Deferral of redemption date Records DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Fees Fees and Expenses Indemnity in  favour of the Agents Payments by Paying Agents Expenses DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Indemnity in favour of the Agents Changes in  Agents DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided however that Additional and successor agents Paying Agents may appoint successors provided however that Additional and successor agents Paying Agents may appoint successors Additional and successor  agents DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Resignation Additional and successor agents Resignation Revocation Automatic termination Taxes Terms of Appointment Changes in Agents Maintenance of the Register Duties of the Agent Bank Fees and Expenses Documents available for inspection DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






 





 






provided DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Modification and Waiver DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






 





 






(an insurance company incorporated under the laws of Bermuda)  The Bank of New York Depository (Nominees) Limited  Promise to pay Status and Subordination DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4   





 






Form of Individual  Note Certificate Default and remedies on default Delivery of Individual Note Certificates Notices DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






(duly authorised)  DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4   





 






currency duly authorised DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Terms and Conditions to be inserted DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






(an insurance company incorporated under the laws of Bermuda)  CURRENCY IN WORDS DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4    





 






duly authorised issue date duly authorised DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






duly authorised DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Attached to each Note Certificate Terms and Conditions At the foot of the Terms and Conditions DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






The following (subject to amendment, and other than the words in italics) is the text of the terms and conditions  of the Subordinated Notes which will appear on the reverse of each of the definitive certificates evidencing the  Subordinated Notes. The wording appearing in italics below is included for disclosure purposes only and does  not form part of the terms and conditions of the Subordinated Notes.  Status and Subordination pari passu DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4   





 






pari passu Additional Subordination under Relevant Rules Set-off No Insolvency Solvency Condition Status and Subordination DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Solvency Condition Solvency Condition Register Title Transfers Closed periods Regulations concerning  transfers and registration provided however that Registration and delivery of Note Certificates Transfers No charge DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Closed periods Regulations concerning transfers and registration Interest Solvency Condition Deferral of Interest Payments provided however that provided further that Interest Accrual Deferral of redemption date Interest Rate of Interest DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided provided Effect of Benchmark Transition Event Effect of Benchmark Transition Event DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






per annum  plus  provided provided however that DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided provided DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Calculation of Interest Amount Publication Notifications etc. Calculation Amount Regulatory Deficiency Deferral of Interest Notice of Deferral DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






No default Solvency Condition Regulatory Deficiency Deferral of Interest Arrears of Interest and Additional Interest Amounts Regulatory Deficiency Deferral of  Interest Solvency Condition Payment of Arrears of Interest and Additional Interest Amounts Solvency Condition Notices Redemption, Purchase and Cancellation Deferral of redemption date Default  and remedies on default Notice of Deferral Notices Solvency Condition Regulatory Deficiency Deferral of Interest provided however that DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Notices Scheduled redemption Solvency Condition Deferral of  redemption date Preconditions to redemption and purchases Payments Deferral of redemption date Scheduled redemption Redemption for tax reasons Redemption upon the occurrence of a Capital Event Redemption at the option of the Issuer Solvency Condition Redemption, Purchase and Cancellation Deferral of redemption date Notices Deferral of redemption date provided however that Notices Redemption for tax reasons Redemption upon the occurrence  of a Capital Event Deferral of redemption date Solvency Condition Deferral of redemption date Deferral of redemption date DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Deferral of redemption date Redemption  for tax reasons Redemption upon the occurrence of a Capital Event Solvency Condition Solvency Condition provided Solvency Condition Deferral of redemption date Solvency Condition Deferral of redemption date Redemption for tax reasons Solvency Condition Deferral of redemption date Preconditions to redemption and  purchase Taxation DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Redemption for  tax reasons provided Redemption upon the occurrence of a Capital Event Solvency  Condition Deferral of redemption date Preconditions to  redemption and purchase provided Notices Redemption at the option of the Issuer Solvency Condition)  Preconditions to redemption and purchase provided Notices No other redemption Scheduled redemption Deferral  of redemption date Redemption for tax reasons Redemption  upon the occurrence of a Capital Event Redemption at the option of the  Issuer Purchase Solvency Condition Preconditions  to redemption and purchases DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Cancellation Purchase Preconditions to redemption and purchases DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Principal Interest Payments subject to fiscal laws Taxation Payments on business days Interest Partial payments No commissions Record date Agents provided however that Notices DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Payment default DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided however that Solvency Condition Regulatory  Deficiency Deferral of Interest Deferral of redemption date Winding-Up Enforcement provided however that provided further that Extent of Noteholders' remedy pari passu DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






 





 






Arrears of Interest and Additional  Interest Amounts provided however that Payments on business days provided further that Registration  and delivery of Note Certificates Calculation Amount Jurisdiction Interest Calculation of Interest Amount DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Rate of Interest Interest Form and Denominatio Status and Subordination Undertakings of the Issuer per annum per annum per annum Status and Subordination Scheduled Redemption DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Rate of Interest Rate of Interest DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






Taxation DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4 





 






provided DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4   





 






DocuSign Envelope ID: 135491C1-3E2D-4FAD-98E8-40EE4292B8F4