| 1) | Definitions and      Interpretation |
|----|-------------------------------------|

| 2) | Amendment |
|----|-----------|

| 3. | Term      and starting date | This      Employment Agreement is concluded for an indefinite duration. The Employee      shall start working on Start Date. The employment shall be subject at all      times to the grant and maintenance of any required Swiss Work      Permit. This      Employment Agreement may be terminated by either party upon three months’      notice, effective as of the end of themonth. |
|----|-----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Accident | The      Employee is insured for occupational as well as non-occupational accidents      according to the mandatory Swiss accident insurance (LAA). The      continuation of salary payment in case of accident is      determined by Art 324a and 324b of the Swiss Code of Obligations. In no      case shall the Employee be entitled to receive salary after the end of      this Employment Agreement. |
|-----|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3) | Whole      Agreement |
|----|----------------------|

| i)  | Except      as specifically amended hereby, the Original Agreement shall continue in      full force and effect in accordance with the provisions hereof on the date      hereof and nothing herein contained shall be construed as waiver or      modification of existing rights under the Original Agreement, except as      such rights are expressly modified hereby.  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ii) | This      Amendment Agreement constitutes an entire agreement and understanding of      the parties with respect to the subject matter hereof. The Amendment      Agreement shall be governed by and construed in accordance with the laws      of Switzerland.                                                                                                                  |

| Flagstone      Réassurance Suisse SA |   |                  |   |
|-------------------------------------------|--------|-----------------------|--------|
|                                      |   |                  |   |
| Guy      SwayneCEO                        |   | Patrick      Boisvert |   |