of the Agreement shall be satisfied on and as of the date
of the applicable extension of credit.]1
____________________
1 To be included in the case of any borrowing made pursuant to Section 2.2 of
the Agreement.
WHITE MOUNTAINS INSURANCE GROUP, LTD.
By:
Name:
Title:
EXHIBIT B-2
FORM OF SWING LINE LOAN NOTICE
Date: ___________, ___
To:
Bank of America, N.A., as Swing Line Lender
Bank of America, N.A., as Administrative Agent
Ladies and Gentlemen:
Reference is made to that certain Credit Agreement, dated as of August [ ], 2011
(as amended, restated, extended, supplemented or otherwise modified in writing
from time to time, the "Agreement;" the terms defined therein being used herein
as therein defined), among White Mountains Insurance Group, Ltd., a company
organized under the laws of Bermuda (the "Borrower"), the Lenders from time to
time party thereto and Bank of America, N.A., as Administrative Agent, Swing
Line Lender and an Issuing Lender.
The undersigned hereby requests a Swing Line Loan:
1.
On ________________________________ (a Business Day).
2.
In the amount of $_____________________.
The borrowing of the Swing Line Loan requested herein complies with the
requirements of the provisos to the first sentence of Section 2.4(a) of the
Agreement.
The Borrower hereby represents and warrants that the conditions contained in
Section 4.2(a) and (b) of the Agreement shall be satisfied on and as of the date
of the applicable extension of credit.
WHITE MOUNTAINS INSURANCE GROUP, LTD.
By:
Name:
Title:
EXHIBIT C-1
FORM OF REVOLVING CREDIT NOTE
THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT
IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO
BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE
RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE
TERMS OF SUCH CREDIT AGREEMENT.
$________________
__________ __, 20___
FOR VALUE RECEIVED, the undersigned, WHITE MOUNTAINS INSURANCE GROUP, LTD., a
company organized under the laws of Bermuda (the "Borrower"), hereby
unconditionally promises to pay to ____________________ (the "Lender") or its
registered assigns at the Administrative Agent's Office specified in the Credit
Agreement (as hereinafter defined) in lawful money of the United States and in
immediately available funds, on the Revolving Credit Termination Date the
principal amount of (a) __________ DOLLARS ($______) or, if less, (b) the
aggregate unpaid principal amount of all Revolving Credit Loans made by the
Lender to the Borrower pursuant to Section 2.1 of the Credit Agreement. The
Borrower further agrees to pay interest in like money at the Administrative
Agent's Office on the unpaid principal amount hereof from time to time
outstanding at the rates and on the dates specified in Section 2.11 of the
Credit Agreement.
The holder of this Note is authorized to endorse on the schedules annexed hereto
and made a part hereof or on a continuation thereof which shall be attached
hereto and made a part hereof the date, Type and amount of each Revolving Credit
Loan made pursuant to the