Document:

Exhibit 10(pppp)

    Exhibit
      10(pppp)

     

     

    POLICY
      No.    F7Q1023

    

    UMR      B11082006
      F7Q1023

    

    Risk
      Details

     

    
      
        

      

    Member
      Companies of FPIC Insurance Group, Inc. 

    including
      

    First
      Professionals Insurance Company, Inc.

    Jacksonville,
      Florida

    Anesthesiologists’
      Professional Assurance Company

    Coral
      Gables, Florida

    and

    Intermed
      Insurance Company

    Springfield,
      Missouri

    

    Medical
      Professional Liability Excess of Loss Reinsurance Contract

    Effective:
      January 1, 2006

    

    

    Business
      Reinsured

    

    
      	A.  	
              By
                this Contract the Reinsurer agrees to reinsure the excess liability
                which
                may accrue to the Company under its policies, contracts and binders
                of
                insurance or reinsurance (hereinafter called “policies”) issued or renewed
                on or after the effective date hereof and classified by the Company
                as
                follows:

            

    

    

    
      	
            	    1.  	
              Professional
                Liability business and ancillary coverages, covering physicians,
                surgeons,
                dentists, chiropractors, podiatrists and other allied medical
                practitioners and their professional
                associations;

            

    

    

    
      	 	    2.  	
              Health
                Care Facilities Liability and ancillary coverages, including employed
                medical technicians, partnerships, corporations and limited liability
                companies;

            

    

    

    subject
      to the terms, conditions and limitations hereinafter set forth.

    

    
      	B.  	
              Coverage
                hereunder may include prior acts coverage and/or extended discovery
                or
                reporting coverage when provided on original policies.
                

            

    

    

    
      	C.  	
              Notwithstanding
                the provisions of paragraph A, the Reinsurer agrees to reinsurer
                the
                excess liability which may accrue to the Company resulting
                from:

            

    

    

    
      	
            	    1.  	
              Claims
                first made to the Company during the underwriting year on occurrence
                form
                policies issued by Intermed Insurance Company prior to January 1,
                2000;
                and 

            

    

    

    
      	
            	    2.  	
              Claims
                first made to the Company during the underwriting year on Extended
                Reporting Endorsements on claims made policies issued by Intermed
                Insurance Company prior to January 1,
                2000;

            

    

     

        subject
      to
      the terms, conditions and limitations hereinafter set forth.

    

    

    Commencement
      and Termination

    

    
      	A.  	
              This
                Contract shall become effective on January 1, 2006, with respect to
                claims made against or reported to the Company on or after that date.
                This
                is with respect to new and renewal policies incepting during underwriting
                years commencing on or after that date and with respect to business
                covered under paragraph C of the Business Reinsured Article. This
                coverage
                shall continue in force thereafter until
                terminated.

            

    

    

    
      
        
        

      

      
        Page
          2

        
          

        

      

      
        
        

      

    

    

    
      	B.  	
              Either
                party may terminate this Contract on any December 31 by giving the
                other party not less than 90 days prior written notice by certified
                mail.

            

    

    

    
      	C.  	
              Notwithstanding
                the provisions of paragraph B above, the Company may terminate a
                Subscribing Reinsurer’s percentage share in this Contract at any time by
                giving not less than 30 days written notice to the Subscribing Reinsurer
                in the event any of the following circumstances
                occur:

            

    

    

    
      	
            	    1.  	
              The
                Subscribing Reinsurer’s policyholders’ surplus at the inception of any
                underwriting year has been reduced by more than 25.0% of the amount
                of
                surplus 12 months prior to that date;
                or

            

    

    

    
      	
            	    2.  	
              The
                Subscribing Reinsurer’s policyholders’ surplus at any time during any
                underwriting year has been reduced by more than 25.0% of the amount
                of
                surplus at the date of the Subscribing Reinsurer’s most recent financial
                statement filed with regulatory authorities and available to the
                public as
                of the inception of this Contract;
                or

            

    

    

    
      	
            	    3.  	
              The
                Subscribing Reinsurer’s A.M. Best’s rating has been assigned or downgraded
                below A- and/or Standard & Poor’s Financial Strength rating is
                assigned or downgraded below A-; or

            

    

    

    
      	
            	    4.  	
              A
                State Insurance Department or other legal authority has ordered the
                Subscribing Reinsurer to cease writing business;
                or

            

    

    

    
      	
            	    5.  	
              The
                Subscribing Reinsurer has become insolvent or has been placed into
                liquidation or receivership (whether voluntary or involuntary) or
                proceedings have been instituted against the Subscribing Reinsurer
                for the
                appointment of a receiver, liquidator, rehabilitator, conservator
                or
                trustee in bankruptcy, or other agent known by whatever name, to
                take
                possession of its assets or control of its operations;
                or

            

    

     

    
      	
            	    6.  	
              The
                Subscribing Reinsurer has ceased assuming new and renewal property
                and
                casualty treaty reinsurance
                business.

            

    

    
      	D.  	
              Unless
                the Company elects to reassume the unearned reinsurance premium in
                force
                on the effective date of termination, and so notifies the Reinsurer
                prior
                to or within 30 days after the effective date of termination, reinsurance
                hereunder on business in force on the effective date of termination
                shall
                remain in full force and effect until expiration, cancellation or
                next
                premium anniversary of such business, whichever first occurs, but
                in no
                event beyond 12 months, plus odd time (not to exceed 18 months in
                total) and plus any extension of coverage for extended discovery
                or
                reporting coverage, following the effective date of
                termination.

            

    

    

    
      	E.  	
              Notwithstanding
                the provisions of paragraph D above, in the event that any policy
                subject
                to this Contract is required by statute, regulation, or by order
                of an
                insurance department to be continued in force, the Reinsurer agrees
                to
                extend reinsurance coverage hereunder with respect to such policy
                until
                such policy may be canceled or non-renewed by the Company.
                

            

    

    

    
      	F.  	
              “Underwriting
                year” as used herein shall mean the period from January 1, 2006
                through December 31, 2006, and each subsequent 12-month period
                thereafter shall be a separate underwriting year, unless this Contract
                is
                terminated, in which event the final underwriting year shall be from
                the
                beginning of the then current underwriting year through the date
                of
                termination. All premiums and all claims or losses from new and renewal
                policies incepting during a given underwriting year shall be credited
                or
                charged, respectively, to such underwriting year, regardless of the
                date
                said premiums earn or such claims are made or losses occur (subject
                to the
                “cutoff” provisions of paragraph D
                above).

            

    

    

    
      	G.  	
              Any
                claims made under the extended reporting coverage provision shall
                be
                deemed to have been made on the date the original policy expired
                or was
                cancelled. Premium for such extended reporting coverage shall be
                considered fully earned by the reinsurer on the last date the original
                policy was in force.

            

    

    

    
      
        

         

        
        

      

      
        Page
          3

        
          

        

      

      
        
        

      

    

    Territory
      (BRMA 51D)

    

    This
      Contract shall be world-wide in its geographic scope.

    

    

    Exclusions

    

    See
      attached.

    

    

    Retention
      and Limit

    

    A.  Coverage
      A:

    

    
      	 	
                1.

            	
              As
                respects all business covered hereunder, the Company shall retain
                and be
                liable for the first $500,000 of ultimate net loss each insured,
                each
                claim or occurrence. The Reinsurer shall then be liable for the amount
                by
                which such ultimate net loss exceeds the Company’s retention, but the
                liability of the Reinsurer shall not exceed $2,500,000 as respects
                each
                insured, each claim or occurrence.

            

    

    

    
      	
            	  2.    	
              The
                Company shall purchase or be deemed to have purchased inuring excess
                reinsurance to limit its ultimate net loss subject hereto from any
                one
                coverage any one policy (exclusive of loss in excess of policy limits
                or
                extra contractual obligations) to $1,000,000 per claim or
                occurrence.

            

    

    

    
      	
            	  3.    	
              As
                respects extra contractual obligations and/or loss in excess of policy
                limits, the maximum amount of ultimate net loss (as defined in paragraph
                A
                of Definitions) recoverable by the Company hereunder shall be $15,000,000
                for any one underwriting year. 

            

    

     

    B.  Coverage
      B:

     

    
      	
            	    1.  	
              As
                respects all business covered hereunder with policy limits exceeding
                $1,000,000 (excepting business covered under paragraph C of the Business
                Reinsured Article), the Company shall retain and be liable for the
                first
                $1,000,000 of ultimate net loss each insured, each claim or occurrence.
                The Reinsurer shall then be liable for the amount by which such ultimate
                net loss exceeds the Company’s retention, but the liability of the
                Reinsurer shall not exceed the
                following:

            

    

    

    
      	a.  	
              $4,000,000
                as respects each insured, each claim or occurrence,
                for:

            

    

    

    
      	1)  	
              Health
                Care Facilities Liability and ancillary coverages, including employed
                medical technicians, partnerships, corporations and limited liability
                companies, and

            

    

    

    
      	2)  	
              Dentists
                and their professional associations,
                and

            

    

    

    
      	3)  	
              Physicians
                and surgeons in Arkansas and their professional
                associations.

            

    

    

    
      	b.  	
              $1,000,000
                as respects each insured, each claim or occurrence, for business
                reinsured
                not included in (a) above.

            

    

    

    
      	
            	    2.  	
              Provided
                that a policy cession has been made to Coverage B, a separate limit
                shall
                be payable by the Reinsurer for extra contractual obligations (‘ECO’) and
                loss in excess of policy limits (‘XPL’), without an additional retention
                by the Company (other than its 10.0% co-participation as respects
                ECO and
                XPL losses hereunder). 

            

    

    

    
      
        

         

        
        

      

      
        Page
          4

        
          

        

      

      
        
        

      

    

    
      	
            	    3.  	
              The
                Company shall purchase or be deemed to have purchased inuring excess
                reinsurance to limit its ultimate net loss subject hereto from any
                one
                coverage, any one policy (exclusive of loss in excess of policy limits
                or
                extra contractual obligations) to $5,000,000 each insured, each claim
                or
                occurrence, and to $7,000,000 each insured in the annual
                aggregate.

            

    

    

    
      	C.  	
              As
                respects any declaratory judgment action regarding a claim on a policy
                subject hereto, if the Company is successful or settles prior to
                judgment,
                the Company shall retain the first $70,000 of declaratory judgment
                expense
                and the Reinsurer shall be liable for 80.0% of the amount excess
                of the
                Company’s retention. However, the liability of the Reinsurer for
                successful declaratory judgment expense shall not exceed $1,000,000
                arising out of policies allocated to any one underwriting
                year.

            

    

    

    
      	D.  	
              Coverage
                B shall inure to the benefit of Coverage
                A.

            

    

    

    
      	E.  	
              As
                respects business written in the State of Kansas, the Company’s retention
                shall be deemed to include coverage provided by the Healthcare
                Stabilization Fund.

            

    

    

    

    Definitions

    

    See
      attached. 

    

    

    Claims
      and Loss Adjustment Expense

    

    
      	A.  	
              Whenever
                a claim is reserved by the Company for an amount greater than $250,000
                and/or whenever a claim appears likely to result in a claim under
                this
                Contract, the Company shall notify the Reinsurer. All cases of serious
                injury which, regardless of considerations of liability or coverage,
                shall
                be reported to the Reinsurer, including, but not limited to the
                following:

            

    

    

    
      	
            	    1.  	
              Brain
                injury with significant cognitive, behavioral or physical residual
                damages;

            

    

     

    
      	
            	    2.  	
              Quadriplegia
                or paraplegia including Cauda Equina
                Syndrome;

            

    

    

    
      	
            	    3.  	
              Fatalities
                or significantly diminished life expectancy of wage earners or parents
                with minor children;

            

    

    

    
      	
            	    4.  	
              Any
                claim where the Company sustains a verdict for loss in excess of
                the
                policy limit and/or any action alleging extra contractual or bad
                faith
                obligations against the Company;

            

    

    

    
      	
            	    5.  	
              Any
                declaratory judgment action brought by or against the Company where
                the
                expense amount is greater than $50,000.

            

    

    

    
      	 	
              The
                Company will provide individual claim reports on reported claims
                to the
                Reinsurer and will provide updates as needed. 

            	 

    

    

    
      	B.  	
              The
                Reinsurer shall have the right to participate, at its own expense,
                in the
                defense of any claim or suit involving this
                reinsurance.

            

    

    

    
      	C.  	
              All
                claim settlements made by the Company, provided they are within the
                terms
                of this Contract, shall be binding upon the Reinsurer, and the Reinsurer
                agrees to pay all amounts for which it may be liable upon receipt
                of
                reasonable evidence of the amount paid by the
                Company.

            

    

    

    
      	D.  	
              In
                the event of loss hereunder, loss adjustment expense incurred by
                the
                Company in connection therewith which does not reduce the Company’s limit
                of liability under the policy involved shall be shared by the Company
                and
                the Reinsurer in the proportion the ultimate net loss paid or payable
                by
                the Reinsurer bears to the total loss paid or payable by the Company,
                prior to any reinsurance recoveries, but after deduction of all salvage,
                subrogation and other recoveries. However, if a verdict or judgment
                is
                reduced by any process other than by the trial court, resulting in
                an
                ultimate saving to the Reinsurer, or a judgment is reversed outright,
                the
                expenses incurred in securing such reduction or reversal shall be
                shared
                by the Company and the Reinsurer in the proportion that each benefits
                from
                such reduction or reversal, and the expenses incurred up to the time
                of
                the original verdict or judgment which do not reduce the Company’s limit
                of liability under the policy involved shall be shared in proportion
                to
                each party’s interest in such original verdict or judgment. The
                Reinsurer’s liability for such loss adjustment expense shall be in
                addition to its liability for ultimate net
                loss.

            

    

    

    
      
        
        

      

      
        Page
          5

        
          

        

      

      
        
        

      

    

    Reinsurance
      Premium

    

    A.  Coverage
      A: 

    

    
      	
            	
                  1.  

            	
              As
                premium for the reinsurance provided under Coverage A, the Company
                shall pay the Reinsurer 10.0% of the Company’s gross net written premium
                applicable to subject business for the underwriting
                year.

            

    

    

    
      	
            	    2.  	
              Company
                shall pay the Reinsurer an annual deposit premium of $24,000,000
                in four
                equal installments of $6,000,000 on January 1, April 1, July 1 and
                October 1 of each underwriting year. In the event this Contract is
                terminated prior to any December 31, no deposit premium installments
                shall
                be due after the effective date of
                termination.

            

    

    

    
      	
            	    3.  	
              As
                respects Coverage A, within 60 days after the end of each underwriting
                year, the Company shall provide a report to the Reinsurer setting
                forth
                the premium due hereunder for the underwriting year, computed in
                accordance with the paragraphs above, and any additional premium
                due the
                Reinsurer shall be paid by the Company with its report, and any return
                premium due the Company shall be remitted promptly. In the event
                this
                Contract is terminated prior to any December 31, premium due shall
                be pro
                rated accordingly.

            

    

    

    B.   Coverage
      B:

     

    
      	
            	    1.  	
              As
                premium for the reinsurance provided under Coverage B, the Company
                shall pay the Reinsurer 100% of its excess limits gross net written
                premium applicable to subject business, less ceding commission thereon
                for
                each underwriting year.

            

    

     

    
      	
            	    2.  	
              As
                respects Coverage B, within 30 days following the end of each calendar
                quarter, the Company shall report its excess limits gross net written
                premium applicable to subject business. The premium due the Reinsurer,
                less any commission thereon, shall be paid by the Company with its
                report.

            

    

    

    
      	C.  	
              Regardless
                of the option chosen by the Company at expiration or cancellation
                in
                accordance with the provisions of the Commencement and Termination
                Article, in the event the Company is bound by statute or regulation
                to
                continue coverage, the Reinsurer shall continue to receive premium
                as set
                forth above on such policies quarterly as
                written.

            

    

    

    
      	D.  	
              “Gross
                net written premium” as used herein is defined as gross written premium of
                the Company for primary policy limits of $1,000,000 each claim or
                less for
                the classes of business reinsured hereunder, less cancellations and
                return
                premiums, and less premiums ceded by the Company for inuring facultative
                reinsurance, if any.

            

    

    

    
      	E.  	
              “Excess
                limits gross net written premium” as used herein is defined as the portion
                of the full gross written premium charged by the Company to its original
                insureds and allocated to the subject policy limit greater than $1,000,000
                each claim for the classes of business reinsured hereunder, less
                cancellations and return premiums, and less premiums ceded by the
                Company
                for inuring facultative reinsurance, if
                any.

            

    

    

    

    
      
        

         

        
        

      

      
        Page
          6

        
          

        

      

      
        
        

      

    

    Ceding
      Commission

     

    
      	A.  	
              As
                respects Coverage B, the Reinsurer shall allow the Company a 17.5%
                commission on all premiums ceded to the Reinsurer hereunder. The
                Company
                shall allow the Reinsurer return commission on return premiums at
                the same
                rate. 

            

    

    

    
      	B.  	
              It
                is expressly agreed that the ceding commission allowed the Company
                includes provision for all dividends, commissions, taxes, assessments,
                and
                all other expenses of whatever nature, except loss adjustment expense
                and
                successful declaratory judgment
                expense.

            

    

     

    

    Profit
      Sharing

    

    
      	A.  	
              As
                respects Coverage A, the Reinsurer shall pay the Company profit sharing
                equal to 35.0% of the net profit, if any, in accordance with the
                provisions of paragraphs B and C hereunder, accruing to the Reinsurer
                for each underwriting year. The Reinsurer’s net profit for each
                underwriting year shall be calculated in accordance with the following
                formula, it being understood that a positive balance equals net profit
                and
                a negative balance equals net loss:

            

    

    

    
      	
            	    1.  	
              Premiums
                earned for policies allocated to the underwriting year; less
                

            

    

    

    
      	
            	    2.  	
              Expenses
                incurred by the Reinsurer at 30.0% of premiums earned for policies
                allocated to the underwriting year;
                less

            

    

    

    
      	
            	    3.  	
              Losses
                incurred for policies allocated to the underwriting year;
                less

            

    

    

    
      	
            	    4.  	
              Incurred
                but not reported loss reserves (“IBNR”) as original (to correspond with
                IBNR funding by Letter of Credit);
                less

            

    

    

    
      	
            	    5.  	
              The
                Reinsurer’s net loss, if any, from the immediately preceding underwriting
                year of this Contract and/or the Reinsurer’s net loss, if any, carried
                forward from the following
                agreements:

            

    

    

    
      	
            	       a.  	
              First
                Professionals Insurance Company Casualty Excess of Loss Reinsurance
                Agreement CXS-3014(1994) for calendar years 1994 and 1995;
                and/or

            

    

    

    
      	
            	       b.  	
              First
                Professionals Insurance Company Physicians, Dentists, and Chiropractors
                Casualty First through Fourth and Clash Excess of Loss Reinsurance
                Agreement AR 4302 for calendar year 1996;
                and/or

            

    

     

    
      	
            	       c.  	
              First
                Professionals Insurance Company Physicians, Dentists, and Chiropractors
                Casualty First through Fourth and Clash Excess of Loss Reinsurance
                Agreement AR 4373 for calendar years 1997 through 1999;
                and/or

            

    

     

    
      	
            	       d.  	
              FPIC
                Insurance Group Medical Malpractice and Lawyers Professional Liability
                Excess of Loss Reinsurance Agreement AR 12427 for calendar years
                2000,
                2001, 2002 and 2003 and the Medical Excess of Loss Reinsurance Contract
                for calendar years 2004 and 2005; less

            

    

    

    
      	
            	    6.  	
              The
                Reinsurer’s net loss, if any, from Coverage B of this Contract, calculated
                as follows:

            

    

    

    
      	
            	       a.  	
              Premiums
                earned for policies allocated to the underwriting year;
                less

            

    

    

    
      	
            	       b.  	
              Ceding
                commission allowed on (a) above; less

            

    

    

    
      	
            	       c.  	
              Expenses
                incurred by the Reinsurer at 30.0% of net premiums earned (premiums
                earned
                less ceding commission thereon) for policies allocated to the underwriting
                year; less

            

    

     

    
      	
            	       d.  	
              Losses
                incurred for policies allocated to the underwriting year;
                less

            

    

     

    
      	
            	       e.  	
              IBNR
                as original (to correspond with IBNR funding by Letter of Credit);
                less

            

    

     

    
      	
            	       f.  	
              The
                Reinsurer’s net loss, if any, from the immediately preceding underwriting
                year (beginning with the Medical Malpractice Liability Excess of
                Loss
                Reinsurance Agreement, effective January 1, 2003, as respects the
                second
                layer of coverage therein). It is understood that the net loss, if
                any,
                from an underwriting year shall be carried forward to
                extinction.”

            

    

    

    
      
        
        

      

      
        Page
          7

        
          

        

      

      
        
        

      

    

    
      	
              B.  

            	
              The
                Company
                shall calculate and report the Reinsurer’s net profit within 45 days after
                24 months following the end of each underwriting year, and within 45
                days after the end of each 12-month period thereafter until all losses
                subject hereto have been finally settled. Profit sharing shall be
                payable
                upon receipt and verification of the profit sharing statement, based
                on
                the following schedule: 

            

    

     

    
      	
            	    1.  	
              At
                the first calculation, one-third of the profit sharing shown to be
                due the
                Company will be payable by the
                Reinsurer.

            

    

    

    
      	
            	    2.  	
              At
                the second calculation, (first recalculation), two-thirds (less any
                amount
                previously paid) will be payable by the
                Reinsurer.

            

    

    

    
      	
            	    3.  	
              At
                the third and subsequent calculations, the full amount (less any
                amounts
                previously paid) will be payable by the
                Reinsurer.

            

    

    

    
      	
            	 	
              Any
                return profit sharing shown to be due the Reinsurer shall be paid
                by the
                Company with its report.

            

    

    

    
      	C.  	
              “Premiums
                earned” as used herein shall mean the ceded written premiums for policies
                (or endorsements) allocated to the underwriting year, less the unearned
                portion thereof as of the effective date of calculation, it being
                understood that all premium from policies (or endorsements) allocated
                to
                an underwriting year shall be credited to that underwriting year,
                unless
                this Contract is terminated on a “cutoff” basis and the Company reassumes
                the unearned premium as of the effective date of
                termination.

            

    

    

    

    Other
      Reinsurance

    

    
      	A.  	
              The
                Company may purchase individual facultative reinsurance, which may
                inure
                to the benefit of this Contract. Premiums for inuring reinsurance,
                if any,
                shall be deducted from the subject
                premiums.

            

    

    

    
      	B.  	
              Recoveries
                under any insurance or reinsurance which indemnifies or protects
                the
                Company against claims for loss in excess of policy limits or extra
                contractual obligations and any contribution or subrogation under
                such
                insurance or reinsurance shall inure to the benefit of this
                Contract.

            

    

    

    

    Other
      Provisions

    

    Subrogation
      (see attached)

    Offset
      (BRMA 36C)

    Access
      to Records (BRMA 1A)

    Net
      Retained Lines (BRMA 32E)

    Errors
      and Omissions (BRMA 14F)

    Liability
      of the Reinsurer (see attached)

    Currency
      (BRMA 12A)

    Taxes
      (BRMA 50B)

    Unauthorized
      Reinsurers (Evergreen LOC, Outstanding Losses/LAE and IBNR) (see
      attached)

    Arbitration
      (see attached)

    Late
      Payments for Inactive Reinsurers (see attached)

    Service
      of Suit (BRMA 49E)

    Federal
      Excise Tax (see attached)

    Agency
      Agreement (see attached)

    Intermediary
      (BRMA 23A) 

    Governing
      Law (BRMA 71B) - Florida

    

    

    Brokerage
      (This will not form part of the Contract Wording)

    

    12.5%
      of ceded premiums as respects Coverage A

    10.0%
      of net ceded premiums as respects Coverage B

    

    
      
        
        

      

      
        Page
          8

        
          

        

      

      
        
        

      

    

    

    Several
      Liability Notice - LSW 1001 (Reinsurance)

    

    The
      subscribing Reinsurer’s obligations undercontracts of reinsurance to which they
      subscribe are several and not joint and are limited solely to the extent of
      their individual subscriptions. The subscribing Reinsurers are not responsible
      for the subscription of any co-subscribing Reinsurer who for any reason does
      not
      satisfy all or part of its obligations.

    

    

    Wording
      (This will not form part of the Contract Wording)

    

    

    The
      Risk Details section of this slip and any endorsements and/or amendments
      attached hereto set out all the terms and conditions of this reinsurance. The
      Contract Wording for such reinsurance shall consist of such terms and conditions
      and shall set out Reinsurers’ participations hereon. Such Contract Wording may
      include Contract Title Front Sheet, Table of Contents, Reinsured’s attestation
      clause, Interests and Liabilities Agreements or Signing Schedules, as
      appropriate. Agreement by the Reinsurers to this slip and any endorsements
      and/or amendments attached hereto shall constitute agreement to such Contract
      Wording.

    

    Any
      amendments to the terms and conditions of this reinsurance shall be agreed
      by
      the leading underwriter only unless otherwise stipulated by the leading
      underwriter or otherwise provided for in this slip.

    

    
      
        

         

        
        

      

      
        Page
          9

        
          

        

      

      
        
        

      

    

     Exclusions

    

    
      	A.  	
              This
                Contract does not apply to and specifically excludes the
                following:

            

    

     

    
      	
            	    1.  	
              Reinsurance
                assumed by the Company other than:

            

    

    

    
      	
            	       a.  	
              Intra-company
                reinsurance; and

            

    

     

    
      	
            	       b.  	
              Policies
                underwritten by the Company but issued by another carrier at the
                Company’s
                request and reinsured 100% by the
                Company.

            

    

     

    
      	
            	    2.  	
              Business
                produced and underwritten by
                others.

            

    

     

    
      	
            	    3.  	
              Hospital
                Professional Liability and related General Liability Business.
                

            

    

    

    
      	
            	    4.  	
              Occurrence
                form policies except for those policies noted in paragraph C of the
                Business Reinsured Article.

            

    

    

    
      	
            	    5.  	
              Insureds
                written under the Company’s Non-Standard Medical and Dental Malpractice
                Quota Share Reinsurance Agreement (or replacement thereof).
                

            

    

    

    
      	
            	    6.  	
              Nuclear
                risks as defined in the “Nuclear Incident Exclusion Clause -
                Liability - Reinsurance” attached to and forming part of this
                Contract.

            

    

    

    
      	
            	    7.  	
              All
                liability of the Company arising by contract, operation of law, or
                otherwise, from its participation or membership, whether voluntary
                or
                involuntary, in any insolvency fund. “Insolvency fund” includes any
                guaranty fund, insolvency fund, plan, pool, association, fund or
                other
                arrangement, however denominated, established or governed, which
                provides
                for any assessment of or payment or assumption by the Company of
                part or
                all of any claim, debt, charge, fee or other obligation of an insurer,
                or
                its successors or assigns, which has been declared by any competent
                authority to be insolvent, or which is otherwise deemed unable to
                meet any
                claim, debt, charge, fee or other obligation in whole or in
                part.

            

    

    

    
      	
            	    8.  	
              Liability
                as a member, subscriber or reinsurer of any Pool, Syndicate or
                Association.

            

    

    

    
      	B.  	
              Business
                falling within the scope of one or more of the exclusions set forth
                in
                paragraph A or not within the terms, conditions or limitations of
                this
                Contract may be submitted to the Reinsurer for special acceptance
                and, if
                accepted by the Reinsurer, shall be subject to all the terms of this
                Contract except as modified by the special
                acceptance.

            

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        

         

        
        

      

      
        Page
          10

        
          

        

      

      
        
        

      

    

    

    Definitions

    

    
      	A.  	
              “Ultimate
                net loss” as used herein is defined as the sum or sums (including
                deductibles of $250,000 or less paid by the Company or the insured,
                loss
                in excess of policy limits, extra contractual obligations and any
                loss
                adjustment expense, as hereinafter defined, which reduces the Company’s
                limit of liability under the policy involved) paid or payable by
                the
                Company in settlement of claims and in satisfaction of judgments
                rendered
                on account of such claims, after deduction of all salvage, all recoveries
                and all claims on inuring insurance or reinsurance, whether collectible
                or
                not. Nothing herein shall be construed to mean that losses under
                this
                Contract are not recoverable until the Company’s ultimate net loss has
                been ascertained.

            

    

    

    
      	B.  	
              “Loss
                in excess of policy limits” and “extra contractual obligations” as used
                herein shall be defined as follows:

            

    

    

    
      	
            	    1.  	
              “Loss
                in excess of policy limits” shall mean 90.0% of any amount paid or payable
                by the Company in excess of its policy limits, but otherwise within
                the
                terms of its policy, such loss in excess of the Company’s policy limits
                having been incurred because of, but not limited to, failure by the
                Company to settle within the policy limits or by reason of the Company’s
                alleged or actual negligence, fraud or bad faith in rejecting an
                offer of
                settlement or in the preparation of the defense or in the trial of
                an
                action against its insured or reinsured or in the preparation or
                prosecution of an appeal consequent upon such an
                action.

            

    

    

    
      	
            	    2.  	
              “Extra
                contractual obligations” shall mean 90.0% of any punitive, exemplary,
                compensatory or consequential damages paid or payable by the Company,
                not
                covered by any other provision of this Contract and which arise from
                the
                handling of any claim on business subject to this Contract, such
                liabilities arising because of, but not limited to, failure by the
                Company
                to settle within the policy limits or by reason of the Company’s alleged
                or actual negligence, fraud or bad faith in rejecting an offer of
                settlement or in the preparation of the defense or in the trial of
                an
                action against its insured or reinsured or in the preparation or
                prosecution of an appeal consequent upon such an action. An extra
                contractual obligation shall be deemed, in all circumstances, to
                have
                occurred on the same date as the loss covered or alleged to be covered
                under the policy.

            

    

    

    
      	
            	 	
              Notwithstanding
                anything stated herein, this Contract shall not apply to any loss
                in
                excess of policy limits or any extra contractual obligation incurred
                by
                the Company as a result of any deliberately fraudulent and/or criminal
                act
                by any officer or director of the Company acting individually or
                collectively or in collusion with any individual or corporation or
                any
                other organization or party involved in the presentation, defense
                or
                settlement of any claim covered
                hereunder.

            

    

    

    
      	
            	 	
              If
                any provision of this paragraph B shall be rendered illegal or
                unenforceable by the laws, regulations or public policy of any state,
                such
                provision shall be considered void in such state, but this shall
                not
                affect the validity or enforceability of any other provision of this
                Contract or the enforceability of such provision in any other
                jurisdiction.

            

    

    

    
      	C.  	
              “Insured”
                as used herein shall mean any party or parties provided with a separate
                policy limit by the Company. 

            

    

     

    
      	D.  	
              “Claim”
                and “occurrence” shall have the same meaning as the term occurrence,
                claim, medical incident, wrongful act or such similar term, as applicable,
                under the Company’s policy forms.

            

    

     

    
      
        
          	E.  	
                  “Loss
                    adjustment expense” as used herein shall mean expenses assignable to the
                    appraisal, adjustment, settlement, litigation, investigation,
                    defense
                    and/or appeal of specific claims, regardless of how such expenses
                    are
                    classified for statutory reporting purposes. Loss adjustment
                    expense shall
                    include, but not be limited to interest on judgments, legal expenses
                    and
                    expenses associated with unsuccessful declaratory judgment actions,
                    but
                    shall not include office expenses or salaries of the Company’s regular
                    employees.

                

        

      

    

     

    
      
        
          	F.  	
                  “Declaratory
                    judgment expense” as used herein shall mean all court costs, attorney’s
                    fees and expense incurred by the Company in contesting insurance
                    coverage
                    on policies reinsured hereunder. Declaratory judgment expenses
                    shall be
                    deemed to have occurred on the same date as the loss covered
                    or alleged to
                    be covered under the
                    policy.

                

        

      

    

    

    
      
        
        

      

      
        Page
          11

        
          

        

      

      
        
        

      

    

    
      	G.  	
              “Losses
                incurred” as used herein shall mean ceded losses and loss adjustment
                expense paid as of the effective date of calculation, plus the Company’s
                ceded reserves for losses and loss adjustment expense outstanding
                as of
                the same date, it being understood and agreed that all losses and
                related
                loss adjustment expense under policies allocated to an underwriting
                year
                shall be charged to that underwriting year, regardless of the date
                said
                losses actually occur, unless this Contract is terminated on a “cutoff”
                basis, in which event the Reinsurer shall have no liability for claims
                made or occurrences commencing after the effective date of
                termination.

            

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        

         

        
        

      

      
        Page
          12

        
          

        

      

      
        
        

      

    

    Other
      Provisions (Non-BRMA)

    

    Subrogation

    

    The
      Reinsurer shall be credited with recoveries from subrogation (i.e. reimbursement
      obtained or recovery made by the Company, less the actual cost, excluding
      salaries of officials and employees of the Company and sums paid to attorneys
      as
      retainer, of obtaining such reimbursement or making such recovery) on account
      of
      claims and settlements involving reinsurance hereunder. Recoveries therefrom
      shall always be used to reimburse the excess reinsurers in the reverse order
      of
      their priority according to their participation before being used in any way
      to
      reimburse the Company for its initial retained loss in accordance with the
      Retention and Limit Article. The Company hereby agrees to enforce its rights
      to
      subrogation relating to any loss, a part of which loss was sustained by the
      Reinsurer, and to prosecute all claims arising out of such rights.

    

    

    Liability
      of the Reinsurer

    

    
      	A.  	
              The
                liability of the Reinsurer shall follow that of the Company in every
                case
                and be subject in all respects to all the general and specific
                stipulations, clauses, waivers and modifications of the Company’s policies
                and any endorsements thereon. However, in no event shall this be
                construed
                in any way to provide coverage outside the terms and conditions set
                forth
                in this Contract.

            

    

    

    
      	B.  	
              Nothing
                herein shall in any manner create any obligations or establish any
                rights
                against the Reinsurer in favor of any third party or any persons
                not
                parties to this Contract.

            

    

    

    

    Unauthorized
      Reinsurers

    

    
      	A.  	
              If
                the Reinsurer is unauthorized in any state of the United States of
                America
                or the District of Columbia, the Reinsurer agrees to fund its share
                of the
                Company’s ceded United States unearned premium and outstanding loss and
                loss adjustment expense reserves (including incurred but not reported
                loss
                reserves) by:

            

    

     

    
      
        	
              	    1.  	
                Clean,
                  irrevocable and unconditional letters of credit issued and confirmed,
                  if
                  confirmation is required by the insurance regulatory authorities
                  involved,
                  by a bank or banks meeting the NAIC Securities Valuation Office
                  credit
                  standards for issuers of letters of credit and acceptable to said
                  insurance regulatory authorities;
                  and/or

              

      

    

     

    
      	
            	    2.  	
              Escrow
                accounts for the benefit of the Company;
                and/or

            

    

     

    
      	
            	    3.  	
              Cash
                advances;

            

    

     

    
      	
            	 	
              if,
                without such funding, a penalty would accrue to the Company on any
                financial statement it is required to file with the insurance regulatory
                authorities involved.  The Reinsurer, at its sole option, may fund in
                other than cash if its method and form of funding are acceptable
                to the
                insurance regulatory authorities
                involved.

            

    

     

    
      	B.  	
              With
                regard to funding in whole or in part by letters of credit, it is
                agreed
                that each letter of credit will be in a form acceptable to insurance
                regulatory authorities involved, will be issued for a term of at
                least one
                year and will include an “evergreen clause,” which automatically extends
                the term for at least one additional year at each expiration date
                unless
                written notice of non-renewal is given to the Company not less than
                30 days prior to said expiration date.  The Company and the
                Reinsurer further agree, notwithstanding anything to the contrary
                in this
                Contract, that said letters of credit may be drawn upon by the Company
                or
                its successors in interest at any time, without diminution because
                of the
                insolvency of the Company or the Reinsurer, but only for one or more
                of
                the following purposes:

            

    

     

    
      	
            	    1.  	
              To
                reimburse itself for the Reinsurer’s share of unearned premiums returned
                to insureds on account of policy cancellations, unless paid in cash
                by the
                Reinsurer;

            

    

     

    
      
        
        

      

      
        Page
          13

        
          

        

      

      
        
        

      

    

    
      	
            	
                  2.  

            	
              To
                reimburse itself for the Reinsurer’s share of losses and/or loss
                adjustment expense paid under the terms of policies reinsured hereunder,
                unless paid in cash by the
                Reinsurer;

            

    

     

    
      	
            	    3.  	
              To
                reimburse itself for the Reinsurer’s share of any other amounts claimed to
                be due hereunder, unless paid in cash by the
                Reinsurer;

            

    

     

    
      	
            	    4.  	
              To
                fund a cash account in an amount equal to the Reinsurer’s share of any
                ceded unearned premium and/or outstanding loss and loss adjustment
                expense
                reserves (including incurred but not reported loss reserves) funded
                by
                means of a letter of credit which is under non-renewal notice, if
                said
                letter of credit has not been renewed or replaced by the Reinsurer
                10 days prior to its expiration
                date;

            

    

     

    
      	
            	    5.  	
              To
                refund to the Reinsurer any sum in excess of the actual amount required
                to
                fund the Reinsurer’s share of the Company’s ceded unearned premium and/or
                outstanding loss and loss adjustment expense reserves (including
                incurred
                but not reported loss reserves), if so requested by the
                Reinsurer.

            

    

     

    
      	
            	 	
              In
                the event the amount drawn by the Company on any letter of credit
                is in
                excess of the actual amount required for B(1), B(2) or B(4), or in
                the
                case of B(3), the actual amount determined to be due, the Company
                shall
                promptly return to the Reinsurer the excess amount so
                drawn.

            

    

    

    Arbitration

    

    
      	A.  	
              As
                a condition precedent to any right of action hereunder, in the event
                of
                any dispute or difference of opinion hereafter arising with respect
                to
                this Contract, it is hereby mutually agreed that such dispute or
                difference of opinion shall be submitted to arbitration. One Arbiter
                shall
                be chosen by the Company, the other by the Reinsurer, and an Umpire
                shall
                be chosen by the two Arbiters before they enter upon arbitration,
                all of
                whom shall be active or retired disinterested executive officers
                of
                insurance or reinsurance companies or Lloyd’s London Underwriters. In the
                event that either party should fail to choose an Arbiter within
                30 days following a written request by the other party to do so, the
                requesting party may choose two Arbiters who shall in turn choose
                an
                Umpire before entering upon arbitration. If the two Arbiters fail
                to agree
                upon the selection of an Umpire within 30 days following their
                appointment, each Arbiter shall nominate three candidates within
                10 days thereafter, two of whom the other shall decline, and the
                decision shall be made by drawing
                lots.

            

    

    

    
      	B.  	
              Each
                party shall present its case to the Arbiters within 30 days following
                the date of appointment of the Umpire. The Arbiters shall consider
                this
                Contract as an honorable engagement rather than merely as a legal
                obligation and they are relieved of all judicial formalities and
                may
                abstain from following the strict rules of law. The decision of the
                Arbiters shall be final and binding on both parties; but failing
                to agree,
                they shall call in the Umpire and the decision of the majority shall
                be
                final and binding upon both parties. Judgment upon the final decision
                of
                the Arbiters may be entered in any court of competent
                jurisdiction.

            

    

    

    
      	C.  	
              If
                more than one reinsurer is involved in the same dispute, all such
                reinsurers shall constitute and act as one party for purposes of
                this
                Article and communications shall be made by the Company to each of
                the
                reinsurers constituting one party, provided, however, that nothing
                herein
                shall impair the rights of such reinsurers to assert several, rather
                than
                joint, defenses or claims, nor be construed as changing the liability
                of
                the reinsurers participating under the terms of this Contract from
                several
                to joint.

            

    

    

    
      
        	D.  	
                Each
                  party shall bear the expense of its own Arbiter, and shall jointly
                  and
                  equally bear with the other the expense of the Umpire and of the
                  arbitration. In the event that the two Arbiters are chosen by one
                  party,
                  as above provided, the expense of the Arbiters, the Umpire and
                  the
                  arbitration shall be equally divided between the two
                  parties.

              

      

    

    

    
      	E.  	
              Any
                arbitration proceedings shall take place at a location mutually agreed
                upon by the parties to this Contract, but notwithstanding the location
                of
                the arbitration, all proceedings pursuant hereto shall be governed
                by the
                law of the State of Florida.

            

    

    

    
      	F.  	
              In
                the event that any Subscribing Reinsurer has ceased assuming new
                and
                renewal property and casualty treaty reinsurance business and fails
                to pay
                any amount claimed to be due hereunder, the Company may, at its sole
                option, by giving not less than 30 days written notice to the Subscribing
                Reinsurer, elect to bypass this Article, and the Reinsurer hereby
                expressly waives the requirements of this Arbitration
                Article.

            

    

    

    
      
        
        

      

      
        Page
          14

        
          

        

      

      
        
        

      

    

    

    Late
      Payments for Inactive Reinsurers

    

    
      	A.  	
              In
                the event any payment due the Company is not received by the Intermediary
                by the payment due date, the Inactive Reinsurer agrees to pay, an
                interest
                penalty on the amount past due calculated for each such payment on
                the
                last day of each month as follows:

            

    

     

    
      
        
          	
                	    1.  	
                  The
                    number of full days which have expired since the due date or
                    the last
                    monthly calculation, whichever the lesser;
                    times

                

        

      

    

    
      
         

        
          	
                	    2.  	
                  1/365ths
                    of the LIBOR monthly rate, plus (1%) one percent, on the first
                    day of the
                    month for which the calculation is made;
                    times

                

        

         

        
          	
                	    3.  	
                  The
                    amount past due, including accrued
                    interest.

                

        

      

    

     

    It
      is
      agreed that interest shall accumulate until payment of the original amount
      due
      plus interest penalties have been received by the Intermediary.

     

    For
      purposes of this Article, the “due date” for any payment due the Company
      hereunder shall be deemed due (30) thirty days after the proof of loss or demand
      for payment is transmitted to the Inactive Reinsurer. If such payment is not
      received within the (30) thirty days, interest will accrue on the payment or
      amount overdue in accordance with this Article, from the date the proof of
      loss
      or demand for payment was transmitted to the Inactive Reinsurer. The active
      or
      inactive status of a reinsurer on the date a proof of loss or demand for payment
      was transmitted to such reinsurer shall not effect the due date or the
      calculation of the interest penalty as defined in this Article. Amounts due
      hereunder shall be deemed paid upon receipt by the Intermediary. 

    

    

    Federal
      Excise Tax 

    

    
      	
              A.

            	
              The
                Reinsurer has agreed to allow for the purpose of paying the Federal
                Excise
                Tax the applicable percentage of the premium payable hereon as imposed
                under Section 4371 of the Internal Revenue Code to the extent such
                premium is subject to the Federal Excise
                Tax.

            

    

    

    
      	B.  	
              In
                the event of any return of premium becoming due hereunder the Reinsurer
                will deduct the applicable percentage from the return premium payable
                hereon and the Company or its agent should take steps to recover
                the tax
                from the United States Government.

            

    

    

    

    Agency
      Agreement

    

    If
      more
      than one reinsured company is named as a party to this Contract, the first
      named
      company shall be deemed the agent of the other reinsured companies for purposes
      of sending or receiving notices required by the terms and conditions of this
      Contract, and for purposes of remitting or receiving any monies due any
      party.

    

    
      
        

         

        
        

      

      
        Page
          15

        
          

        

      

      
        
        

      

    

    The
      following Slip sections (Subscription
      Agreement,
      Information
      and
      Fiscal
      and Regulatory)
      detail
      certain inter- and intra-market administrative arrangements and informational
      items which, unless specifically otherwise noted below, will not form part
      of
      this/these Agreement(s) for Cover Note purposes.

    

    Subscription
      Agreement

    

    

    Slip
      Leader:  

    

    

    Other
      Agreement

    Parties
      for Contract

    Changes:         Reinsurers,
      other than the Slip Leader, who will agree Contract changes on behalf of the
      subscribing Reinsurers in accordance with the terms agreed below. This
      should not include those Reinsurers who wish to agree Contract changes on their
      own behalf.
      Where
      no other agreement parties are specified, the agreement party for Part 2 changes
      will be the Slip Leader only.

    

    Basis
      of

    Agreement
      to

    Contract
      Changes:   General
      Underwriters Agreement (GUA October 2001) with Excess of Loss and Treaty
      Reinsurance Schedule (October 2002).

     

                  When
      details of agreed
      endorsements are required to be provided to following (i.e. non-Lead)
      Reinsurer(s), e-mail will be used by the Broker.

    

    Document
      

    Production:          To
      follow the “Wording” article of the “RISK
      DETAILS”
      Section except:

    

    1.        
      The Broker to produce the Contract Wording and/or Addenda, as appropriate 

    

    
      	 	
              2.

            	
              Lloyd’s
                and Company Reinsurers hereon authorise Xchanging Ins-sure Services
                (XIS)
                to sign Contract Wording on a FDO
                basis.                                             
                

            

    

    

    Claims
      Agreement

    Parties:           
      All
      advices and settlements to be agreed by the Leading Lloyd's Reinsurer and
      Leading XIS Company only and entered by the London office of Xchanging Claims
      Services (XCS). Agreement by these “Claims Leaders” shall be respectively
      binding upon all Lloyd’s and all XIS Company Reinsurers subscribing
      hereto.

    In
      the
      event that Lloyd’s Reinsurers hereon appoint an alternative or successor claims
      services provider to XCS, such provider will be substituted automatically in
      the
      above provisions in place of XCS without further agreement. All Lloyd’s
      Reinsurers agree to use the same provider in the event of such a substitution.
      

    

    
      
        
        

      

      
        Page
          16

        
          

        

      

      
        
        

      

    

    Basis
      of Claims

    Agreement:          
      Claims
      to be managed in accordance with Lloyd’s 1999 Claims Scheme and IUA claims
      agreement practices, except as amended by the following:

    

    
      	1.  	
              Lloyd’s
                Reinsurers hereon authorize XCS to waive the deferred settlement
                system in
                the event of presentation of settlement with first
                advice;

            

    

    

    
      	2.  	
              All
                loss settlements within or equal to a previously agreed reserve shall
                be
                automatically payable by Reinsurers. Where losses are advised and/or
                settled on a “block” or “bordereaux” basis, this shall still apply in
                relation to each individual loss comprising the “block” or
                bordereaux;

            

    

    

    
      	3.  	
              On
                any claim agreed by the Claims Leaders any action to subrogate, pursue
                or
                investigate a claim against a third party shall not delay settlement
                hereon;

            

    

    

    
      	4.  	
              A
                request for further information shall not delay payment of a claim
                once it
                has been approved by the Claims Leaders but such information request
                will
                still be pursued after payment;

            

    

    

    
      	5.  	
              XIS
                companies to agree settlement request on a Claims Electronic Settlements
                (CES) basis via the Class system;

            

    

    

    
      	6.  	
              In
                the event of the Leaders receiving an arbitration request or wishing
                to
                commence arbitration, each subscribing Reinsurer agrees EITHER to
                follow
                the Leaders’ conduct of such arbitration and be bound by its outcome OR to
                elect to pay their share of any claim and/or reject going to
                arbitration.

            

    

    

    Claims

    
      	
              Administration:

            	
              The
                Broker to enter claims advices into relevant market CLASS system,
                where
                applicable. All Reinsurers to use their respective CLASS system for
                claims
                agreement, where relevant. E-mail or other electronic means to be
                used by
                the Broker for distribution of claims information to Reinsurers in
                support
                of the CLASS entry, where possible.

            

    

    

    
      	 	 	
              Reinsurers
                will respond to claims matters to the Broker via CLASS, where
                relevant.

            

    

    

    Only
      losses incurred excess of 75% of the Treaty Retention to be advised on an
      individual basis.

    

    
      
        
        

      

      
        Page
          17

        
          

        

      

      
        
        

      

    

    Rules
      and Extent

    Of
      Any Other

    Delegated

    
      	
              Authority:

            	 	
              Not
                applicable.

            

    

     

    
      
        	
                Expert(s)
                  Fees:

              	 	
                Broker
                  to collect fees, if applicable. 

              

      

       

      Bureaux

    

    
      	
              Arrangements:

            	 	
              Where
                possible, the Broker will submit delinked accounts to XIS. Premium
                payment
                requirements deemed met if accounts are correctly released for settlement
                to XIS in line with bureau procedures before settlement due date.
                

            

    

    

    Signing

    
      	
              Provision:

            	 	
              Reinsurers
                hereon note and agree to a disproportionate sign down of Written
                Lines, if
                required. XIS are authorised to accept as
                presented.

            

    

     

    Additional

    Administrative
      

    
      
        	
                Agreements:

              	 	
                Special
                  Agreements/Acceptances and Signing
                  Slips:

              

      

      
         

      

    

    
      
        	
                 

              	 	
                Provided
                  Treaty Limits are not exceeded, all special agreements/acceptances
                  and
                  signing slips shall be binding on all Reinsurers subscribing hereto
                  when
                  agreed by the Slip Leader
                  only. 

              

      

       

      
        
          	
                   

                	 	
                  Renewals
                    of previously agreed special agreements/acceptances are automatically
                    covered hereon. 

                

        

         

      

      Underwriting
        Audit/Claims Reviews and Fees:

       

    

    Underwriting
      Audit/Claims reviews to be authorised by the Slip Leader only and at the cost
      to
      current Reinsurers hereon. Settlement of fees to be agreed by the Slip Leader
      only.

    

    Letters
      of Credit and Outstanding Cash Advances:

    Reinsurers
      hereon agree that any Letters of Credit (LOCs) issued in connection with this
      Contract shall be issued under the “Citibank Scheme”.

     

    Non-Renewing
      and/or Non-Continuing Reinsurers:

    
      	 	 	 	
              Any
                following Reinsurer non-renewing or discontinuing participation at
                any
                anniversary, re-signing or renewal date (as applicable), for any
                reason,
                agrees (a) to continue to follow the decisions of the Slip Leader(s)
                or
                any other Claims/Contract Agreement Parties (collectively “the Leaders”)
                hereon in all areas where it previously vested authority to any such
                Leaders, and (b) that the Broker may note any documents so agreed
                by the
                Leaders as being “agreed” on such non-continuing Reinsurer’s behalf
                without further reference. However, the Broker agrees to keep such
                non-continuing Reinsurers advised of any such agreements for information
                purposes only. 

            

    

    

    
      
        
        

      

      
        Page
          18

        
          

        

      

      
        
        

      

    

    Notice
      of Cancellation

    In
      order that Reinsurers hereon have the opportunity to review the relevant
      underwriting information before confirming their continued participation
      effective 1st
      January, 2007, for the sake of good order they hereby tender notice of
      cancellation to be effective 31st
      December, 2006.

    
      
        

         

        
        

      

      
        Page
          19

        
          

        

      

      
        
        

      

    

    Information

    

     

    SUBJECT
      PREMIUM INCOME

    2006
      Estimated Subject Written Premium Income is split as follows:

     

    
      	
              Company

            	 	
              Primary

            	 	
              Excess

            	 	
              Total

            	 
	
              First
                Professionals Insurance Company

            	 	$	204,300,000	 	$	1,700,000	 	$	206,000,000	 
	Anesthesiologists
              Professional Assurance Company	 	$	31,900,000	 	$	450,000	 	$	32,350,000	 
	Intermed
              Insurance Company	 	$	12,00,000	 	$	13,000	 	$	12,013,000	 
	Total	 	$	248,200,000	 	$	2,163,000	 	$	250,363,000	 

    

                          

                       

    PRESENTATION
      BOOKLET DATE:

    Benfield
      Placing Information Booklet dated 21st
      September, 2005.

    

    
      
        

         

        
        

      

      
        Page
          20

        
          

        

      

      
        
        

      

    

    Fiscal
      and Regulatory

     

     

     

    Tax
      Payable by

    
      
        	
                Reinsurers:

              	 	
                As
                  provided for in the Federal Excise Clause set out in the Risk Details
                  Section of this slip.  The applicable percentage at the effective
                  date of this reinsurance is 1% however the percentage that is statutorily
                  required will be applied. 

              

      

       

       

    

    
      
        	
                US
                  Classification:

              	 	
                U.S.
                  Reinsurance. 

              

      

       

       

    

    NAIC
      Codes:       The
      NAIC Codes for the reinsured companies are as follows:

     

     

    
      	
               Company

            	 NAIC
              Code
	 First
              Professionals Insurance Company, Inc.	 33383
	 Anesthesiologists’ Professional
              Assurance Company	 37656
	 Intermed
              Insurance Company	 33367

    

                                       

                         

    

    LSW
      1007 (Reinsurance) - NAIC Clause

    

    “The
      NAIC Identification number for each participating Syndicate shown herein is
      AA-112 followed by a four (4) digit number that can be derived by adding 6000
      to
      the Syndicate number.”

    (This
      item will be included in the Cover Note).

    

     

     

    Allocation
      of

    
      	
              Premium
                to Coding:

            	 	
              No
                accounting splits required 

            

    

     

     
      
        	
                Client Classification:

              	 	
                Reinsurance. 

              

      

    

    
      
        

         

        
        

      

      
        Page
          21

        
          

        

      

      
        
        

      

    

    

    Signed
      Line % 

    

    3.00%  US
      Casualty

       Aspen
      Insurance UK
      Ltd

    

       /s/
      /Robert
      Long              

    

    

    7.00%   FARADAY
      (Synd. #0435)

    

       /s/
      Phil
      Wooldridge            

    

    

    7.50%  MAP
      (Synd. #2791)

    

       /s/
      David
      Shipley           

    

    

    3.00%  Wellington
      (Synd. #2020)

    

       /s/
      Richard
      Pagram          

     

    
      
        
        

      

      
        Page
          22EXHIBIT 10.1

                                    AGREEMENT
                                    ---------

         THIS AGREEMENT is executed effective the 14th day of February, 2006, by
and among QUEST MINERALS & MINING CORP., a Utah corporation ("Quest"), GWENCO,
INC., a Kentucky corporation ("Gwenco"), QUEST ENERGY, LTD., a Kentucky
corporation ("QEL"), and PROFESSIONAL TRADERS FUND LLC, a New York limited
liability company ("PTF").

                                R E C I T A L S:

         WHEREAS, pursuant to that certain Unit Purchase Agreement (the "Unit
Agreement") dated as of February 22, 2005, Quest issued to PTF (i) a 7% senior
secured convertible promissory note due March 31, 2006 in the aggregate
principal amount of $350,000.00 (the "Unit Note"), and (ii) a Series A Warrant
(the "Series A Warrant") to purchase (a) up to 2,100,000 shares of Quest common
stock, par value $0.001 per share ("Common Stock") and (b) a Series B Warrant
(the "Series B Warrant") to purchase up to an additional 2,100,000 shares of
Common Stock;

         WHEREAS, pursuant to the Unit Agreement, Quest issued to PTF (i) a 7%
senior secured convertible promissory note due April 18, 2006 in the aggregate
principal amount of $50,000.00 (the "April Unit Note"), and (ii) a Series A
Warrant (the "April Series A Warrant") to purchase (a) up to 150,000 shares of
Common Stock and (b) a Series B Warrant to purchase up to an additional 150,000
shares of Common Stock;

         WHEREAS, on December 14, 2005, PTF exercised the Series A Warrant on a
"cashless" basis, pursuant to which PTF contends it was entitled to receive (i)
700,000 shares of Common Stock and (ii) a Series B Warrant to purchase 2,100,000
shares of Common Stock;

         WHEREAS, on December 14, 2005, PTF also exercised the April Series A
Warrant on a "cashless" basis, pursuant to which PTF contends it was entitled to
receive (i) 50,000 shares of Common Stock and (ii) a Series B Warrant to
purchase 150,000 shares of Common Stock;

         WHEREAS, in connection with the Unit Agreement, Quest and PTF entered
into that certain Registration Rights Agreement dated as of February 22, 2005
(the "Unit Registration Rights Agreement") pursuant to which Quest agreed to
register the shares of Common Stock issuable to PTF upon conversion of the Unit
Notes, exercise of the Series A Warrants, and exercise of the Series B Warrants;

         WHEREAS, PTF contends that Quest is currently in default under the Unit
Registration Rights Agreement;

         WHEREAS, on January 13, 2006, PTF commenced an action against Quest in
the United States District Court for the Southern District of New York, Case No.
06-CV-00309, alleging, among other things, breach by Quest of the Series A
Warrants (the "Unit Litigation");

         WHEREAS, Quest and PTF entered into that certain Credit Agreement dated
as of May 16, 2005 (the "Credit Agreement"), pursuant to which PTF agreed to
loan Quest up to $500,000.00;
<PAGE>

         WHEREAS, pursuant to the Credit Agreement, Quest has drawn down
$269,500.00 and has repaid $5,500.00, such amounts drawn under the Credit
Agreement evidenced by that certain promissory note dated as of May 16, 2005 in
an amount of up to $500,000.00 made by Quest in favor of PTF (the "Credit
Agreement Note");

         WHEREAS, PTF has alleged that Quest has failed to pay the outstanding
principal amount of $264,000.00 (and all accrued interest) due on the August 19,
2005 maturity date and that Quest is currently in default under the Credit
Agreement Note;

         WHEREAS, PTF contends that, under the Credit Agreement, Quest agreed to
pay PTF's cost of collection and enforcement, including outside counsel's legal
fees ("PTF Collection Fees");

         WHEREAS, on November 2, 2005, PTF commenced an action against Quest and
Gwenco in the United States District Court for the Southern District of New
York, Case No. 05-CV-9311, to collect all amounts owing under the Credit
Agreement Note, including PTF Collection Fees (the "Credit Agreement
Litigation");

         WHEREAS, on November 3, 2005, PTF commenced an action against Quest,
QEL, and Gwenco in the Pike County Circuit Court for the Commonwealth of
Kentucky, Case No. 05-CI-01494, to collect all amounts owing under the Credit
Agreement Note, including PTF Collection Fees, and to seek judicial foreclosure
on certain assets held by Gwenco pursuant to the Security Agreement and the
Mortgage (the "Kentucky Litigation");

         WHEREAS, in connection with the Credit Agreement, Quest issued PTF a
warrant, dated May 16, 2005, to purchase up to 10,260,028 shares of Common Stock
(the "PTF Credit Warrant");

         WHEREAS, in connection with the Credit Agreement and the issuance of
the PTF Credit Warrant, Quest and PTF entered into that certain Registration
Rights Agreement dated as of May 16, 2005 (the "Credit Registration Rights
Agreement") pursuant to which Quest agreed to register shares of its common
stock issuable to PTF upon conversion of the PTF Credit Warrant;

         WHEREAS, PTF contends that Quest is currently in default under the
Credit Registration Rights Agreement; and

         WHEREAS, Quest and PTF wish to settle and resolve all disputes arising
under the Unit Agreement, the Credit Agreement (collectively, the "Prior
Financings"), and any and all documents related thereto (collectively, the
"Prior Financing Documents").

         NOW, THEREFORE, in consideration of the mutual agreements between the
parties, it is agreed as follows:

1.       RESTRUCTURE. Pursuant to this Agreement, the parties agree to a
complete restructuring of the obligations under the Prior Financing Documents
thereunder, all to be effectuated through the issuance of amended and restated
instruments, new instruments, and common stock. This Agreement together with all

                                       2
<PAGE>

notes, security agreements, mortgages, guaranties, securities and other
documents and instruments executed to effectuate this Agreement shall be
referred to hereafter as the "Restructure Documents."

2.       CLOSING. Subject to all of the terms and conditions set forth in this
Agreement being satisfied, the closing of the transactions contemplated by this
Agreement (the "Closing") shall take place at the offices of the Quest's counsel
on such date, at such place and at such time (the "Closing Date") within two (2)
business days after the satisfaction or waiver of the last of the conditions set
forth in Sections 8 and 9 and hereof as shall be determined by the mutual
consent of the parties hereto.

3.       UNIT AGREEMENT RESTRUCTURING. In accordance with the terms of this
Agreement, Quest and PTF shall restructure all obligations under the Unit
Agreement (and all related documentation) as follows:

         3.1.     Amended and Restated Unit Note. At Closing, Quest will sign an
                  amended and restated Unit Note (the "Amended and Restated Unit
                  Note") in form and substance and payable on the terms approved
                  by PTF in the aggregate principal amount of $350,000.00 in
                  favor of PTF, which note shall be payable on or before
                  February 22, 2007. This Amended and Restated Unit Note will
                  initially be convertible into Common Stock ("Unit Conversion
                  Shares") at a rate of $.075 per share; provided, however,
                  that, in the event that the Market Price (as defined herein)
                  of Common Stock is less than $0.10 for ten (10) consecutive
                  trading days, the conversion price will be reduced to $0.05
                  per share; provided, further, that if the Market Price of
                  Common Stock is less $0.05 for ten (10) consecutive trading
                  days, the conversion price will become the lesser of (i) $0.05
                  per share and (ii) 70% of the average of the 5 closing bid
                  prices of Quest's common stock immediately preceding such
                  conversion date. In the event that the Market Price of the
                  Common Stock is less than $0.01 for ten (10) consecutive
                  trading days, the Amended and Restated Unit Note will become
                  immediately due and payable. "Market Price" shall mean the
                  average of the closing bid prices of the Common Stock as
                  reported by Bloomberg LP for the principal securities exchange
                  or trading market for Common Stock. The conversion price of
                  the Amended and Restated Unit Note will be subject to
                  proportional adjustment for stock splits, stock dividends,
                  recapitalizations, and the like.

         3.2.     Issuance of Quest Common Stock. At Closing, Quest will issue
                  to PTF share certificates representing: (i) 700,000 shares of
                  Common Stock per PTF's exercise of the Series A Warrant to
                  purchase 2,100,000 shares of Common Stock in full on a
                  cashless basis (the "Series A Warrant Shares"), (ii) 233,333
                  shares of Common Stock per PTF's exercise of the Series B
                  Warrant to purchase 700,000 shares of Quest Common Stock
                  (issued upon exercise of the Series A Warrant) in full on a
                  cashless basis (the "Series B Warrant Shares"), (iii) 50,000
                  shares of Common Stock per PTF's exercise of the April Series
                  A Warrant to purchase 150,000 shares of Common Stock in full
                  on a cashless basis (the "April Series A Warrant Shares"), and
                  (iv) 16,667 shares of Common Stock per PTF's exercise of the
                  April Series B Warrant to purchase 50,000 shares of Quest

                                       3
<PAGE>

                  Common Stock (issued upon exercise of the April Series A
                  Warrant) in full on a cashless basis (the "Series B Warrant
                  Shares"). The issuances of Common Stock under this Section 3.2
                  will constitute full and complete performance by Quest to PTF
                  under the Series A and Series B Warrants.

         3.3.     Termination of Unit Agreement. Each of PTF and Quest agree
                  that as of Closing, all of the provisions contained in the
                  Unit Agreement shall, solely as to PTF, be terminated and of
                  no further force and effect. In addition, PTF hereby waives
                  any and all right to any claims or damages previously incurred
                  under the Unit Agreement due to Quest's default thereunder,
                  including any defaults under the Unit Registration Rights
                  Agreement.

         3.4.     Termination of Unit Registration Rights Agreement. Each of PTF
                  and Quest agree that as of Closing, all of the provisions
                  contained in the Unit Registration Rights Agreement shall,
                  solely as to PTF, be terminated and of no further force and
                  effect. In addition, PTF hereby waives any and all right to
                  any Liquidated Damages previously incurred under the Unit
                  Registration Rights Agreement due to Quest's default
                  thereunder.

         3.5.     Dismissal of Unit Litigation. On the Closing Date, PTF and
                  Quest's counsel shall file a Stipulation for Dismissal without
                  Prejudice with respect to the Unit Litigation in the form
                  attached hereto as Schedule 3.5 (the "Unit Dismissal").

         3.6.     New Warrant. At Closing, Quest will issue to PTF a warrant to
                  purchase up to 5,000,000 shares of Common Stock (the
                  "Settlement Warrant"). Such warrant will have an initial
                  exercise price of $0.10 per share and will expire on February
                  10, 2009. Quest has no obligation to register the shares of
                  Common Stock underlying the Settlement Warrant (the
                  "Settlement Shares") for resale pursuant to an effective
                  registration statement; provided, however, in the event that
                  such Settlement Shares are not registered for resale by
                  February 14, 2007, the holder of the Settlement Warrant will
                  (a) be allowed to exercise the Settlement Warrant on a
                  "cashless" basis, and (b) be entitled to receive a minimum of
                  one-half of one share of Common Stock for each warrant right
                  exercised on a "cashless" basis.

4.       CREDIT AGREEMENT RESTRUCTURING. In accordance with the terms of this
Agreement, Quest and PTF shall restructure all obligations under the Credit
Agreement (and all related documentation) as follows:

         4.1.     Repayment of Principal Under Credit Note. On or before
                  closing, Quest shall deliver a check or wire transfer pursuant
                  to the instructions set forth on Schedule 4.1 in the amount of
                  $264,000.00 representing payment in full of all principal owed
                  to PTF by Quest under the Credit Note.

         4.2.     Amended and Restated Credit Note. As payment in full for all:
                  (i) accrued interest due PTF under the Credit Note and (ii)
                  PTF Collection Fees; at Closing, Quest will sign an amended
                  and restated Credit Note (the "Amended and Restated Credit
                  Note") in form and substance and payable on the terms approved

                                       4
<PAGE>

                  by PTF in the aggregate principal amount of $100,000.00 in
                  favor of PTF, which note shall be payable on the earlier of:
                  July 10, 2006 or the closing of a new debt or equity financing
                  by Quest, or series of related financings, in excess of
                  $1,500,000.00. In addition, upon an "Event of Default" (as
                  defined under the Amended and Restated Credit Note), this note
                  will be convertible into shares of Common Stock ("Credit
                  Conversion Shares") of at an initial conversion rate of $0.10
                  per share. The conversion price of the Amended and Restated
                  Credit Note will be subject to proportional adjustment for
                  stock splits, stock dividends, recapitalizations, and the
                  like.

         4.3.     Amended and Restated PTF Credit Warrant. At Closing, Quest
                  will issue to PTF an amended and restated warrant (the
                  "Amended and Restated PTF Credit Warrant") to purchase up to
                  10,260,028 shares of Common Stock ("Credit Warrant Shares") of
                  which 2,500,000 shares will be exercisable on a "cashless
                  basis", provided, however, that PTF's ability to utilize such
                  cashless exercise feature will be limited to 400,000 shares of
                  Common Stock per quarter.

         4.4.     Amendments/Waivers under Credit Agreement. Pursuant to the
                  terms of this Agreement, the Credit Agreement is hereby
                  amended as follows: (i) the definition of "Maturity Date" is
                  amended to mean: "the earlier of July 10, 2006 or the closing
                  of a new financing by Quest in excess of $1,500,000.00." Any
                  and all defaults under the Credit Agreement prior to the
                  execution of this Agreement are hereby waived by PTF,
                  including any defaults under the Credit Registration Rights
                  Agreement. PTF expressly agrees that, notwithstanding in the
                  Credit Agreement to the contrary, the execution and delivery
                  of this agreement or any of the Restructure Documents shall
                  not constitute a breach of the Credit Agreement or the Amended
                  and Restated Credit Note.

         4.5.     Termination of Credit Registration Rights Agreement. Each of
                  PTF and Quest agree that as of Closing, the Credit
                  Registration Rights Agreement shall be terminated and of no
                  further force and effect. In addition, PTF hereby waives any
                  and all right to any Liquidated Damages previously incurred
                  under the Credit Registration Rights Agreement due to Quest's
                  default thereunder.

         4.6.     Dismissal of Credit Agreement Litigation and Kentucky
                  Litigation. On the Closing Date, PTF and Quest's counsel shall
                  file a Stipulation for Dismissal without Prejudice with
                  respect to the Credit Agreement Litigation in the form
                  attached hereto as Schedule 4.6(a) (the "Credit Dismissal")
                  and a Stipulation for Dismissal without Prejudice with respect
                  to the Kentucky Litigation in the form attached hereto as
                  Schedule 4.6(b) (the "Kentucky Dismissal").

5.       SECURITY. The performance of all covenants and agreements contained in
this Agreement and in the other documents executed or delivered as a part of
this transaction and the payment of the notes and all renewals, amendments and
modifications thereof shall continue to be secured under the following
previously executed documents: (i) Amended and Restated Security Agreement,
dated as of May 16, 2005 by and between Quest, Gwenco, QEL and ANC Group, Inc.
(the "Security Agreement"); (ii) Term Loan Guaranty and Leasehold Mortgage,

                                       5
<PAGE>

Assignment of Leases and Subleases, Security Agreement and Fixture Filing dated
as of May 16, 2005 by Gwenco, Inc. to ANC Group, Inc. (the "Mortgage"); (iii)
Collateral Agency and Intercreditor Agreement dated as of May 16, 2005 by and
among ANC Group, Inc., Quest, Gwenco, QEL and the creditors listed on Schedule A
thereto; (iv) a stipulation for entry of judgment with respect to the Amended
and Restated Unit Note in the form attached hereto as Schedule 5(a) (the "Unit
Stipulation"); and (vi) a stipulation for entry of judgment with respect to the
Amended and Restated Credit Note in the form attached hereto as Schedule 5(b)
(the "Credit Stipulation").

6.       SALES PURSUANT TO RULE 144.
         --------------------------

         6.1.     Restrictions on Sale. PTF agrees that until February 14, 2008,
                  PTF and its affiliates shall not make any Net Sales (as
                  defined below) of Common Stock held by it on any single day
                  during such period, a number of shares of Common Stock in
                  excess of 30% of the five day daily trading volume of the
                  Common Stock (as reported by Bloomberg Financial Markets (or
                  any successor thereto)) on each day immediately preceding such
                  sale. "Net Sales" means, with respect to any date of
                  determination, the difference of (A) the number of shares of
                  Common Stock sold, including by way of short sales, or
                  otherwise transferred or disposed of, directly or indirectly,
                  on such date of determination by PTF and its affiliates minus
                  (B) the number of shares of Common Stock purchased, directly
                  or indirectly, on such date of determination by PTF and its
                  affiliates.

         6.2.     Rule 144. Quest shall file the reports required to be filed by
                  it under the Securities Act of 1933, as amended and the
                  Securities Exchange Act of 1934, as amended and the rules and
                  regulations adopted by the Securities and Exchange Commission
                  thereunder, and will take such further action as PTF may
                  reasonably request, all to the extent required from time to
                  time to enable PTF to sell share of Common Stock held by it
                  without registration under the Securities Act within the
                  limitation of the exemption provided by Rule 144 or Rule 144A.
                  Upon the request by PTF, Quest shall deliver to such holder a
                  written statement as to whether Quest has complied with such
                  requirements. In addition, if any shares of Common Stock
                  issuable under this Agreement, the Series A Warrants, the
                  Series B Warrants, the Amended and Restated Unit Note, the
                  Settlement Warrant, the Amended and Restated Credit Note, or
                  the Amended and Restated PTF Credit Warrant may be resold in
                  the absence of an effective registration thereof under the
                  Securities Act pursuant to Rule 144, then upon the request by
                  PTF, Quest shall deliver, at no cost to PTF, to such holder an
                  opinion of Quest's counsel to that effect; provided, however,
                  that Quest's obligation to deliver such an opinion shall be
                  conditioned upon Quest's receipt of a written certification of
                  Sullivan & Worcester, LLP, counsel for PTF (or such other
                  counsel as shall be reasonably acceptable to Quest) that PTF
                  has provided its trading records to such counsel and that,
                  based on review of such information, PTF has not violated
                  sales volume restrictions set forth in Section 6.1.

                                       6
<PAGE>

         6.3.     Holding Period. Quest agrees and stipulates that, for purposes
                  of Rule 144 of the Securities Act of 1933, as amended, any
                  shares of common stock issuable upon (i) conversion of
                  $250,000.00 in principal amount, and any accrued interest
                  thereon, under the Amended and Restated Unit Note are deemed
                  to have been acquired by PTF on October 12, 2004, the date on
                  which the PTF initially loaned $250,000.00 to Quest pursuant
                  to a Secured Convertible Promissory Note, pursuant to Rule
                  144(d)(3)(ii) of the Securities Act; (ii) conversion of
                  $100,000.00 in principal amount, and any accrued interest
                  thereon, under the Amended and Restated Unit Note are deemed
                  to have been acquired by PTF on February 22, 2005, the date on
                  which the PTF loaned $100,000.00 to Quest pursuant to the Unit
                  Note, pursuant to Rule 144(d)(3)(ii) of the Securities Act;
                  (iii) upon cashless exercise of the Series A Warrant or Series
                  B Warrant are deemed to have been acquired on February 22,
                  2005, the date on which the Series A Warrant was issued,
                  pursuant to Rule 144(d)(3)(ii) of the Securities Act; (iv)
                  upon cashless exercise of the April Series A Warrant or April
                  Series B Warrant are deemed to have been acquired on February
                  22, 2005, the date on which the Series A Warrant was issued,
                  pursuant to Rule 144(d)(3)(ii) of the Securities Act; and
                  (v)(A) conversion of the Amended and Restated Credit Note or
                  (B) cashless exercise of the Amended and Restated PTF Credit
                  Warrant, in either event are deemed to have been acquired by
                  PTF on May 16, 2005, the date on which the PTF purchased the
                  Credit Note and PTF Credit Warrant, pursuant to Rule
                  144(d)(3)(ii) of the Securities Act of 1933, as amended.

7.       RELEASES. The parties agree that the following releases will be
delivered at the Closing of the transactions contemplated herein:

         7.1.     PTF. PTF, on behalf of it itself and its subsidiaries,
                  affiliates, officers, directors, shareholders, agents,
                  employees, servants, attorneys and representatives, as well as
                  any respective heirs, personal representatives, successors and
                  assigns of any and all of them (the "PTF Parties"), hereby
                  releases, acquits, and discharges Quest and its subsidiaries
                  (including, but not limited to, QEL and Gwenco), affiliates,
                  officers, directors, shareholders, agents, employees,
                  servants, attorneys and representatives, as well as any
                  respective heirs, personal representatives, successors and
                  assigns of any and all of them (the "Quest Parties") from any
                  and all claims, demands, debts, actions, causes of action,
                  suits, contracts, agreements, obligations, accounts, defenses,
                  offsets against indebtedness and liabilities of any kind or
                  character whatsoever, known or unknown, suspected or
                  unsuspected, in contract or in tort, at law or in equity,
                  including without implied limitation, such claims and defenses
                  as fraud, mistake, duress and usury, which the PTF Parties
                  ever had, now have, or might hereafter have against the Quest
                  Parties which arise out of or relate to the Prior Financings,
                  except to the extent that the Prior Financings are
                  specifically amended and restated herein and provision for
                  payment is specifically made herein, in the Amended and
                  Restated Unit Note, the Amended and Restated Credit Note, the
                  Amended and Restated PTF Credit Warrant, in the Settlement
                  Warrant, or any other document, instrument, agreement, or
                  other papers issued, executed, or delivered pursuant hereto.

                                       7
<PAGE>

                  As a part of such release, PTF will dismiss all litigation,
                  and release all judgments, if any, against Quest arising out
                  of or relating to the Prior Financings.

         7.2.     QUEST. Quest, Gwenco, and QEL, on behalf of themselves and the
                  Quest Parties, hereby release, acquit, and discharge the PTF
                  Parties from any and all claims, demands, debts, actions,
                  causes of action, suits, contracts, agreements, obligations,
                  accounts, defenses, offsets against indebtedness and
                  liabilities of any kind or character whatsoever, known or
                  unknown, suspected or unsuspected, in contract or in tort, at
                  law or in equity, including without implied limitation, such
                  claims and defenses as fraud, mistake, duress and usury, which
                  the Quest Parties ever had, now have, or might hereafter have
                  against the PTF Parties which arise out of or relate to the
                  Prior Financings, except to the extent that the Prior
                  Financings are specifically amended and restated herein and
                  provision for payment is specifically made herein, in the
                  Amended and Restated Unit Note, the Amended and Restated
                  Credit Note, the Amended and Restated PTF Credit Warrant, in
                  the Settlement Warrant, or any other document, instrument,
                  agreement, or other papers issued, executed, or delivered
                  pursuant hereto. As a part of such release, Quest will dismiss
                  all litigation, and release all judgments, if any, against PTF
                  arising out of or relating to the Prior Financings.

8.       CONDITIONS OF CLOSING BY PTF. The obligation of PTF to perform this
Agreement is subject to the continued performance by Quest of the following
conditions subsequent:

         8.1.     Restructure Documents. The Restructure Documents and all other
                  instruments and documents incidental to the transactions
                  contemplated hereby shall have been duly executed,
                  acknowledged (where appropriate), and delivered to PTF by
                  Quest, all in form and substance satisfactory to PTF.

         8.2.     Authority. PTF shall have received a certificate of
                  incorporation, certificate of good standing, a certified copy
                  of the bylaws and certified copies of corporate resolutions
                  and other documents reasonably required to authorize the
                  execution, delivery and performance of the Restructure
                  Documents by Quest, QEL, and Gwenco, all in form and substance
                  satisfactory to the PTF.

         8.3.     Representations and Warranties. The representations and
                  warranties of Quest set forth in this Agreement shall be true
                  and correct on and as of Closing.

         8.4.     Deliveries. Quest shall have delivered the following to PTF:

                  8.4.1.   Funds.   A check or wire transfer pursuant to the
                           instructions set forth on Schedule 4.1 in the amount
                           of $264,000.00;

                  8.4.2.   Notes.   The Amended and Restated Unit Note and the
                           Amended and Restated Credit Note;

                                       8
<PAGE>

                  8.4.3.   Resolutions.   Copies of resolutions of the board of
                           directors of Quest authorizing the execution,
                           delivery and performance of the Restructure Documents
                           by Quest;

                  8.4.4.   Articles and Certificate.   A copy of the articles of
                           incorporation of Quest, QEL, and Gwenco, and a
                           certificate of good standing as to Quest issued by
                           the secretary of state of Utah;

                  8.4.5.   Common Stock.   The certificates representing the
                           Series A Warrant Shares and the Series B Warrant
                           Shares in definitive form and registered in the name
                           of PTF.

                  8.4.6.   Instruction Letter.   An irrevocable letter of
                           instruction to Quest's transfer agent regarding the
                           issuance of Common Stock issuable under this
                           Agreement, the Series A Warrants, the Series B
                           Warrants, the Amended and Restated Unit Note, the
                           Settlement Warrant, the Amended and Restated Credit
                           Note, or the Amended and Restated PTF Credit Warrant,
                           in form and substance satisfactory to PTF.

                  8.4.7.   Current Report on Form 8-K.   A form of current
                           report on Form 8-K disclosing the execution of this
                           Agreement and the terms hereof, which Quest shall
                           file with the SEC within four (4) business days of
                           the Closing.

                  8.4.8.   Stipulated Judgments; Dismissals.   The Unit
                           Stipulation, the Credit Stipulation, the Unit
                           Dismissal, the Credit Dismissal, and the Kentucky
                           Dismissal, in form and substance satisfactory to PTF.

9.       CONDITIONS OF CLOSING BY QUEST. The obligations of Quest to perform
this Agreement and consummate the transactions contemplated hereby, is subject
to the performance by PTF of each of the following conditions subsequent:

         9.1.     Restructure Documents. The Restructure Documents and all other
                  instruments and documents incidental to the transactions
                  contemplated hereby shall have been duly executed,
                  acknowledged (where appropriate), and delivered to Quest by
                  PTF, all in form and substance satisfactory to Quest.

         9.2.     Authority. Quest shall have received certified copies of
                  corporate resolutions and other documents reasonably required
                  to authorize the execution, delivery and performance of the
                  Restructure Documents by PTF, all in form and substance
                  satisfactory to the Quest.

         9.3.     Representations and Warranties. The representations and
                  warranties of PTF set forth in this Agreement shall be true
                  and correct on and as of Closing.

         9.4.     Deliveries. PTF shall have delivered the following to the
                  Quest:

                                       9
<PAGE>

                  9.4.1.   Notes.   The original executed Unit Notes and Credit
                           Note;

                  9.4.2.   Warrants.   The original executed Series A Warrants,
                           Series B Warrants and PTF Credit Warrant;

                  9.4.3.   Resolutions.   Copies of resolutions of the board of
                           directors of PTF authorizing the execution, delivery
                           and performance of the Restructure Documents by PTF;

                  9.4.4.   Attorney's Fees.   PTF will deliver letters addressed
                           to Quest from its attorneys of record in each of the
                           Unit Litigation, the Credit Litigation, and the
                           Kentucky Litigation verifying the attorney's fees and
                           costs which PTF has incurred in connection with these
                           litigations to date.

                  9.4.5.   Stipulated Judgments; Dismissals.   The Unit
                           Stipulation, the Credit Stipulation, the Unit
                           Dismissal, the Credit Dismissal, and the Kentucky
                           Dismissal, in form and substance satisfactory to
                           Quest.

10.      REPRESENTATIONS AND WARRANTIES OF QUEST COMPANIES. To induce PTF to
enter into this Agreement and, Quest, QEL, and Gwenco (collectively, the "Quest
Companies") represent and warrant to PTF that:

         10.1.    Existence and Power. Each Quest Company is a corporation duly
                  incorporated and validly existing in good standing under the
                  laws of its jurisdiction of incorporation and is authorized
                  and qualified to do business in each state where, because of
                  the nature of the activities or assets, such qualification is
                  required, except those states where failure to so qualify will
                  not have a material adverse effect; each Quest Company has
                  adequate authority, power and legal right to enter into,
                  execute, deliver and perform the terms of the Restructure
                  Documents, to borrow money and to give security for borrowings
                  as contemplated by the Restructure Documents and to consummate
                  the transactions contemplated thereby, and in doing so, no
                  Quest Company will violate any law or the provisions of any
                  articles, charter or bylaws. The Restructure Documents, upon
                  their execution and delivery, will constitute valid, legal and
                  binding obligations of each Quest Company, enforceable in
                  accordance with their terms, subject only to applicable
                  bankruptcy, insolvency or similar laws generally affecting the
                  enforcement of creditor's rights.

         10.2.    Full Disclosure. Neither this Agreement, the other Restructure
                  Documents nor any statement or documents referred to herein or
                  delivered to PTF by the Quest Companies, or any other party on
                  their behalf contains any untrue statement or omits to state a
                  material fact necessary to make the statements herein or
                  therein not misleading.

         10.3.    SEC Reports and Financial Statements.
                  ------------------------------------

                                       10
<PAGE>

                  10.3.1.  Quest has delivered or made available to PTF accurate
                           and complete copies (excluding copies of exhibits) of
                           each report, registration statement, and definitive
                           proxy statement filed by the Company with the United
                           States Securities and Exchange Commission ("SEC")
                           since January 1, 2004 (collectively, with all
                           information incorporated by reference therein or
                           deemed to be incorporated by reference therein, the
                           "SEC Reports"). All statements, reports, schedules,
                           forms and other documents required to have been filed
                           by Quest with the SEC have been so filed. As of the
                           time it was filed with the SEC (or, if amended or
                           superseded by a filing prior to the date of this
                           Agreement, then on the date of such filing): (i) each
                           of the SEC Reports complied in all material respects
                           with the applicable requirements of the Securities
                           Act of 1933, as amended, or the Securities Exchange
                           Act of 1934, as amended; and (ii) none of the SEC
                           Reports contained any untrue statement of a material
                           fact or omitted to state a material fact required to
                           be stated therein or necessary in order to make the
                           statements therein, in the light of the circumstances
                           under which they were made, not misleading.

                  10.3.2.  Except for the pro forma financial statements, the
                           consolidated financial statements contained in the
                           SEC Reports: (i) complied as to form in all material
                           respects with the published rules and regulations of
                           the SEC applicable thereto; (ii) were prepared in
                           accordance with GAAP applied on a consistent basis
                           throughout the periods covered (except as may be
                           indicated in the notes to such financial statements
                           and, in the case of unaudited statements, as
                           permitted by Form 10-QSB of the SEC, and except that
                           unaudited financial statements may not contain
                           footnotes and are subject to normal and recurring
                           year-end audit adjustments which will not,
                           individually or in the aggregate, be material in
                           amount); and (iii) fairly present, in all material
                           respects, the consolidated financial position of the
                           Company and its consolidated subsidiaries as of the
                           respective dates thereof and the consolidated results
                           of operations of Quest and its consolidated
                           subsidiaries for the periods covered thereby. All
                           adjustments considered necessary for a fair
                           presentation of the financial statements have been
                           included.

         10.4.    Liens. The Collateral (as defined in the Security Agreement)
                  has been duly and validly assigned, delivered and pledged by
                  Quest under the Security Agreement, and the Security
                  Agreement, together with such assignment, delivery and pledge,
                  creates a valid security interest in the Collateral.

         10.5.    Leases. Within thirty days of the Closing, Gwenco shall
                  deliver to PTF true and correct copies of all leases described
                  in the Mortgage (the "Leases"). Except as set forth on
                  Schedule 10.5 hereto (which the Quest Companies may supplement
                  or amend currently with the delivery of the Leases), the
                  Leases are legal, valid, binding, and in full force and effect
                  and enforceable by Gwenco in accordance with their respective
                  terms, except as such may be limited by bankruptcy,
                  insolvency, reorganization or other laws affecting creditors'
                  rights generally and by general equitable principles.

                                       11
<PAGE>

         10.6.    Survival of Representations. All representations and
                  warranties made by Quest herein will survive the Closing, and
                  any investigation at any time made by or on behalf of PTF will
                  not diminish PTF's right to rely thereon. All statements
                  contained in any certificate or other instrument delivered by
                  or on behalf of Quest under or pursuant to this Agreement or
                  in connection with the transactions contemplated hereby will
                  constitute representations and warranties made by Quest
                  hereunder.

11.      REPRESENTATIONS AND WARRANTIES OF PTF. To induce Quest to enter into
this Agreement, PTF represents and warrant to Quest that:

         11.1.    Existence and Power. PTF is and will continue to be a limited
                  liability company duly formed and validly existing in good
                  standing under the laws of New York and is authorized and
                  qualified to do business in each state where, because of the
                  nature of the activities or assets, such qualification is
                  required, except those states where failure to so qualify will
                  not have a material adverse effect; PTF has adequate
                  authority, power and legal right to enter into, execute,
                  deliver and perform the terms of the Restructure Documents and
                  to consummate the transactions contemplated thereby. The
                  Restructure Documents, upon their execution and delivery, will
                  constitute valid, legal and binding obligations of PTF,
                  enforceable in accordance with their terms, subject only to
                  applicable bankruptcy, insolvency or similar laws generally
                  affecting the enforcement of creditor's rights.

         11.2.    Information on Subscriber. PTF is, and will be at the time of
                  the conversion of the Amended and Restated Unit Note or the
                  Amended and Restated Credit Note and exercise of the Amended
                  and Restated PTF Credit Warrant or the Settlement Warrant, an
                  "accredited investor", as such term is defined in Regulation D
                  promulgated by the Securities and Exchange Commission under
                  the Securities Act of 1933, as amended, is experienced in
                  investments and business matters, has made investments of a
                  speculative nature and has purchased securities of United
                  States publicly-owned companies in private placements in the
                  past and, with its representatives, has such knowledge and
                  experience in financial, tax and other business matters as to
                  enable PTF to utilize the information made available by the
                  Quest to evaluate the merits and risks of and to make an
                  informed investment decision with respect to the proposed
                  purchase, which represents a speculative investment. PFT has
                  the authority and is duly and legally qualified to purchase
                  and own the Amended and Restated Unit Note, Series A Warrant
                  Shares, the Series B Warrant Shares, the Amended and Restated
                  Credit Note, the Amended and Restated PTF Credit Warrant, the
                  Settlement Warrant, the Unit Conversion Shares, the Credit
                  Conversion Shares, the Credit Warrant Shares and the
                  Settlement Shares (collectively, the "Securities"). PTF is
                  able to bear the risk of such investment for an indefinite
                  period and to afford a complete loss thereof.

                                       12
<PAGE>

         11.3.    Purchase of Securities. On the Closing Date, PTF will acquire
                  the Amended and Restated Unit Note, the Amended and Restated
                  Credit Note, the Series A Warrant Shares, the Series B Warrant
                  Shares, the Amended and Restated PTF Credit Warrant and the
                  Settlement Warrant as principal for its own account for
                  investment only and not with a view toward, or for resale in
                  connection with, the public sale or any distribution thereof.

         11.4.    Compliance with Securities Act. PTF understands and agrees
                  that the Securities have not been registered under the
                  Securities Act of 1933, as amended or any applicable state
                  securities laws, by reason of their issuance in a transaction
                  that does not require registration under the Securities Act of
                  1933, as amended (based in part on the accuracy of the
                  representations and warranties of PTF contained herein), and
                  that such Securities must be held indefinitely unless a
                  subsequent disposition is registered under the Securities Act
                  of 1933, as amended or any applicable state securities laws or
                  is exempt from such registration.

         11.5.    Shares Legend. The Series A Warrant Shares, the Series B
                  Warrant Shares, the Unit Conversion Shares, the Credit
                  Conversion Shares, the Credit Warrant Shares and the
                  Settlement Shares shall bear the following or similar legend:

                  "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE
                  SHARES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
                  HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
                  STATEMENT UNDER SUCH SECURITIES ACT OR ANY APPLICABLE STATE
                  SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY
                  SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
                  REQUIRED."

         11.6.    Warrants Legend. The Amended and Restated PTF Credit Warrant
                  and the Settlement Warrant shall bear the following or similar
                  legend:

                  "THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF
                  THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
                  OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON SHARES
                  ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
                  OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN
                  EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SAID
                  ACT OR ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION OF
                  COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH
                  REGISTRATION IS NOT REQUIRED."

                                       13
<PAGE>

         11.7.    Note Legend. The Amended and Restated Unit Note and the
                  Amended and Restated Credit Note shall bear the following
                  legend:

                  "THIS NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF
                  THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
                  1933, AS AMENDED. THIS NOTE AND THE COMMON SHARES ISSUABLE
                  UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR
                  SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
                  REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN
                  OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT
                  SUCH REGISTRATION IS NOT REQUIRED."

         11.8.    Communication of Offer. The offer to sell the Securities was
                  directly communicated to the PTF by Quest. At no time was PTF
                  presented with or solicited by any leaflet, newspaper or
                  magazine article, radio or television advertisement, or any
                  other form of general advertising or solicited or invited to
                  attend a promotional meeting otherwise than in connection and
                  concurrently with such communicated offer.

         11.9.    Restricted Securities. PTF understands that the Securities
                  have not been registered under the Securities Act of 1933, as
                  amended and PTF will not sell, offer to sell, assign, pledge,
                  hypothecate or otherwise transfer any of the Securities unless
                  pursuant to an effective registration statement under the
                  Securities Act of 1933, as amended

         11.10.   No Governmental Review. PTF understands that no United States
                  federal or state agency or any other governmental or state
                  agency has passed on or made recommendations or endorsement of
                  the Securities or the suitability of the investment in the
                  Securities, nor have such authorities passed upon or endorsed
                  the merits of the offering of the Securities.

12.      MISCELLANEOUS. It is further agreed as follows:

         12.1.    Recitals. The recitals are hereby acknowledged by the parties
                  to be true and correct and are adopted and incorporated herein
                  as material terms of this Agreement.

         12.2.    Hold Harmless. Each party hereby agrees to indemnify and hold
                  any other party to this Agreement harmless from all liability,
                  loss, damage or expense, including reasonable attorney's fees,
                  whether incurred under retainer, salary or otherwise, that

                                       14
<PAGE>

                  such party may incur in good faith in compliance with or the
                  enforcement of the terms of this Agreement or any of the
                  Restructure Documents.

         12.3.    Supersession. It is agreed and understood between Quest and
                  PTF that: (a) except to the extent the Prior Financing
                  Documents are amended hereby, at and after the Closing, the
                  Prior Financings will remain in full force and effect; and (b)
                  the execution of this Agreement will not discharge, interrupt,
                  impair, abate or otherwise modify the priority or the validity
                  of any lien or security interest securing payment of the
                  indebtedness evidenced by the Prior Financing Documents.

         12.4.    Notices. All notices, requests and demands will be served by
                  first class or express mail, postage prepaid, or sent by
                  telex, telegram, telecopy or other similar form of rapid
                  transmission confirmed by mailing written confirmation at
                  substantially the same time as such rapid transmission, as
                  follows:

                  Quest-            Quest Minerals & Mining Corp.
                                    18B 5th Street
                                    Paterson, NJ 07524
                                    Telephone: (973) 684-0075
                                    Attention: Eugene Chiaramonte, Jr.
                                    Facsimile: (973) 684-8009

                  With a copy to-   Marc A. Indeglia
                                    Spectrum Law Group, LLP
                                    1900 Main Street, Suite 125
                                    Irvine, CA 92614
                                    Fax: (949) 851-5940

                  PTF -             Professional Traders Fund LLC
                                    1400 Old Country Road, Suite 206
                                    Westbury, New York
                                    Attn:  Howard Berger
                                    Fax: (516) 228-8270

                  With a copy to -  Andrew T. Solomon
                                    Sullivan & Worcester LLP
                                    1290 Avenue of the Americas, 29th Floor
                                    New York, New York 10104
                                    Fax: (212) 660-3001

                  or at such other address as any party designates for such
                  purpose in a written notice to the other parties. Notices will
                  be deemed to have been given on the date notice is sent by
                  rapid transmission or three business days after notice is
                  placed in the mail, properly addressed, postage prepaid.

                                       15
<PAGE>

         12.5.    Construction. Nothing contained in this Agreement will be
                  construed to constitute PTF as a joint venturer with Quest or
                  to constitute a partnership. The descriptive headings of the
                  paragraphs of this Agreement are for convenience only and are
                  not to be used in the construction of the content of this
                  Agreement. This Agreement may be executed in multiple
                  counterparts, each of which will be an original instrument,
                  but all of which will constitute one agreement.

         12.6.    Venue. This Agreement and the documents issued hereunder are
                  executed and delivered as an incident to a lending transaction
                  negotiated and to be performed in New York, New York. The
                  Restructure Documents are intended to constitute a contract
                  made under the laws of the State of New York and to be
                  construed in accordance with the internal laws of said state.
                  Quest and PTF hereby waive all objections and irrevocably
                  consent to the jurisdiction and venue of any state or federal
                  court sitting in New York, New York.

         12.7.    Attorney's Fees. The prevailing party in any proceeding
                  instituted to resolve any dispute between any of the parties
                  arising out of or relating to this Agreement shall be
                  entitled, in addition to any award rendered, to all reasonable
                  attorneys' fees, costs and expenses incurred in connection
                  with any such proceeding.

         12.8.    Severability. In case any one or more of the provisions
                  contained in the Restructure Documents should be invalid,
                  illegal or unenforceable in any respect in any jurisdiction,
                  the validity, legality and enforceability of such provision or
                  provisions will not in any way be affected or impaired thereby
                  in any other jurisdiction; and the validity, legality and
                  enforceability of the remaining provisions contained herein
                  and therein will not in any way be affected or impaired
                  thereby.

         12.9.    No Oral Modification. This Agreement may not be amended,
                  altered, modified or changed verbally, but only by an
                  agreement in writing signed by the party against whom
                  enforcement of any amendment, waiver, change, modification or
                  discharge is sought.

         12.10.   Exclusive Benefit. All provisions of the Restructure Documents
                  are for the sole and exclusive benefit of the Quest and PTF,
                  and no other person will have standing to require satisfaction
                  of the provisions thereof or be entitled to assume that
                  advances thereunder will not be made by the Lender in the
                  absence of strict compliance with the provisions of the
                  Restructure Documents. Any and all provisions of the
                  Restructure Documents may be waived by the PTF in whole or in
                  part at any time if, in the sole discretion of the PTF, it is
                  advisable to do so.

         12.11.   Binding Effect. This Agreement will be binding on Quest and
                  their successors and permitted assigns and will inure to the
                  benefit of the PTF, and PTF's successors and assigns.

                                       16
<PAGE>

         12.12.   Counterparts. This Agreement may be executed in multiple
                  counterparts, each of which will be an original instrument,
                  but all of which will constitute one agreement. The parties to
                  this Agreement may rely upon original, fax, digital or scanned
                  signatures in the execution of this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
                  --------------------------------------------

                                       17
<PAGE>

         IN WITNESS WHEREOF, Quest and PTF have duly executed this Agreement
effective the date first above written.

                                       QUEST MINERALS & MINING CORP., a Utah
                                       corporation

                                       By: /s/ EUGENE CHIARAMONTE, JR.
                                           -------------------------------------
                                           Name:  Eugene Chiaramonte, Jr.
                                           Title: Vice President

                                       GWENCO, INC., a Kentucky corporation

                                       By: /s/ EUGENE CHIARAMONTE, JR.
                                           -------------------------------------
                                           Name:  Eugene Chiaramonte, Jr.
                                           Title: Vice President

                                       QUEST ENERGY, LTD., a Kentucky
                                       corporation

                                       By: /s/ EUGENE CHIARAMONTE, JR.
                                           -------------------------------------
                                           Name:  Eugene Chiaramonte, Jr.
                                           Title: Vice President

                                       PROFESIONAL TRADERS FUND, a New York
                                       limited liability company

                                       By: /s/ HOWARD BERGER
                                           -------------------------------------
                                           Name:  Howard Berger
                                           Title: President

                                       18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]