Document:

Exhibit 10.8

 

SUPPORT SERVICES AGREEMENT

 

This Support
Services Agreement (this “Agreement”), dated as of [●], 2020, is made and entered into by and
between Reinvent Technology Partners, a Cayman Islands exempted company (the “Company”), and Reinvent
Capital LLC, a Delaware limited liability company (the “Service Provider” and, together with the Company,
the “Parties” and, each individually, a “Party”).

 

RECITALS

 

WHEREAS, the Company
intends to consummate an initial public offering of the Company’s securities (the “Public Offering”);
and

 

WHEREAS, the Company
wishes to retain the Service Provider to provide certain support and administrative services, and provide access to certain office
space, commencing on the date the securities of the Company are first listed on the New York Stock Exchange (the “Listing
Date”) and continuing until the earlier of the consummation by the Company of an initial business combination and the
Company’s liquidation (in each case, as described in the Registration Statement on Form S-1 (File No. 333-248497) filed with
the Securities and Exchange Commission related to the Public Offering) (such earlier date hereinafter referred to as the “Termination
Date”).

 

NOW, THEREFORE, in
consideration of the mutual covenants and undertakings contained in this Agreement, the Company and the Service Provider, intending
to be legally bound, agree as follows:

 

ARTICLE
I

SERVICES

 

Section 1.1 Services Generally. Commencing
on the Listing Date and continuing until the Termination Date, to the extent reasonably requested by the Company, the Service Provider
shall render to the Company, by and through such of the Service Provider’s officers, employees, agents, representatives and
affiliates as the Service Provider, in its sole discretion, may designate from time to time, support and administrative services
(collectively, the “Services”), including research, due diligence, transaction process management and execution,
information technology, public and investor relations, legal, facilities management, back office, vendor management, accounting,
book and record keeping, cash management and secretarial services; provided that the Service Provider shall not provide
any investment advice to the Company.

 

Section 1.2 Office
Space. Commencing on the Listing Date and continuing until the Termination Date, to the extent reasonably requested by the
Company, the Service Provider shall provide the Company with access to, and use of, the Office Space. For the purposes of this
Agreement, the term “Office Space” shall mean the offices of the Service Provider located at 215 Park Avenue,
Floor 11, New York, New York 10003 (or any successor location or other existing office space of the Service Provider or any of
its affiliates).

 

     

     

    

 

Section 1.3 Trademark License. Commencing
on the Listing Date and continuing until the Termination Date, the Service Provider hereby grants to the Company a non-exclusive,
revocable, non-transferable, non-sublicensable license to use the name and trademark REINVENT in connection with the operation
of the Company’s business, subject to the Service Provider’s instructions or trademark usage guidelines that may be
provided to the Company in writing from time to time.

 

Section 1.4 No
Authority to Bind Principal. Notwithstanding any provision to the contrary in this Agreement, the Service Provider shall not
represent to any party that it possesses, and it does not in fact possess, the authority to execute binding contracts on behalf
of the Company with any third party.

 

ARTICLE
II

SERVICE FEE

 

Section 2.1 Support
Services Fee.

 

(a) In consideration of the performance of
the Services contemplated by Section 1.1 hereof, the Company agrees to pay the Service Provider or its designee(s) an
annual fee payable in cash equal to $1,875,000 (the “Support Services Fee”). The Support Services Fee
shall be payable by the Company in equal quarterly installments in advance on the first business day of each fiscal quarter
that occurs following the Listing Date until the Termination Date, without regard to the amount of the Services actually
performed by the Service Provider. Notwithstanding anything to the contrary, the first quarterly installment of the Support
Services Fee shall be payable by the Company in advance on the Listing Date, instead of on the first business day of the
first fiscal quarter that occurs following the Listing Date.

 

Section 2.2 Expenses. In addition to the
Support Services Fee payable to the Service Provider or its designee(s) pursuant to Section 3.1 hereof, the Company shall, at the
direction of the Service Provider, pay directly, or reimburse the Service Provider or its designee(s) for, its reasonable Out-of-Pocket
Expenses. For the purposes of this Agreement, the term “Out-of-Pocket Expenses” shall mean all out of pocket
expenses incurred by the Service Provider or its respective affiliates in connection with the performance of the Services or providing
access to, and use of, the Office Space, including reasonable (i) fees and disbursements of any independent auditors, outside legal
counsel, consultants, investment bankers, financial advisors and other independent professionals and organizations, (ii) costs
of any outside services or independent contractors or vendors, such as financial printers, couriers, business publications or similar
services, (iii) transportation and other travel expenses, per diem, telephone calls, word processing expenses or any similar expense
not associated with its ordinary operations, (iv) other out-of-pocket expenses incurred by the Service Provider to the extent reasonably
allocated to the Company as a result of the Services in a manner consistent with the Service Provider’s generally applicable
cost allocation polices, including purchases through the Service Provider’s vendor networks and relationships for access
to research databases, due diligence services, computer, network and office equipment and third-party communications vendors, (v) all
other expenses which are properly allocable to the Company under this Agreement, whether incurred on or after the date of this
Agreement. All reimbursements for Out-of-Pocket Expenses shall be made promptly upon or as soon as practicable after presentation
by the Service Provider to the Company of the statement in connection therewith.

 

Section 2.3 Any
payment made pursuant to this Article II shall be paid by wire transfer of immediately available federal funds to the accounts
specified by the Company from time to time.

 

    Page 2

     

    

 

ARTICLE
III

WAIVER

 

Section 3.1 Waiver.
Notwithstanding anything herein to the contrary, the Service Provider hereby irrevocably waives any and all right, title, interest,
causes of action and claims of any kind (each, a “Claim”) in or to, and any and all right to seek payment of
any amounts due to it out of, the trust account established for the benefit of the public shareholders of the Company and into
which substantially all of the proceeds of the Public Offering will be deposited (the “Trust Account”), and
hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, which Claim would
reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further
agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other
assets in the Trust Account for any reason whatsoever.

 

ARTICLE
IV

CONFIDENTIAL INFORMATION

 

Section 4.1 Nondisclosure
of Confidential Information. The Service Provider shall treat as confidential all Confidential Information (as defined below)
of the Company, shall not, without the consent of the Company, (i) use such Confidential Information except as set forth herein
or (ii) disclose such Confidential Information other than to the Company or its Related Parties (as defined below); provided
that each such person receiving Confidential Information is bound (on terms no less restrictive than those set forth in this Section
4.1) to maintain the confidentiality of such Confidential Information; provided, further, that the foregoing restriction
shall not apply to any such information that is required to be disclosed by law or the order or regulations of any governmental
authority or to establish or enforce any rights under this Agreement. Without limiting the foregoing, the Service Provider shall
use at least the same degree of care that it uses to prevent the disclosure of its own confidential information of like importance
to prevent the disclosure of Confidential Information disclosed to it by the Company under this Agreement. For the purposes of
this Agreement, the term “Confidential Information” shall mean all information, data, agreements, letters, documents,
reports and records, which are oral or in writing, containing confidential information concerning the Company and any of its affiliates
or assets which is delivered or made available by the Company or its representatives or affiliates to the Service Provider after
the date hereof; provided that Confidential Information does not include (x) information which is obtained by the Service
Provider after the date hereof from a source other than the Company or its representatives or affiliates that is not bound by an
obligation to keep such information confidential, (y) information which is or becomes generally available to the public other
than as a result of a disclosure in violation of this Agreement, or (z) information developed independently by the Service Provider
without reference to or use of the Confidential Information.

 

    Page 3

     

    

 

ARTICLE
V

Indemnification; Disclaimer and Limitation of Liability; Opportunities.

 

Section 5.1 Indemnity
and Liability. Subject to Section 3.1, the Company shall (i) indemnify, exonerate and hold the Service Provider and each
of its partners, shareholders, members, affiliates, directors, officers, fiduciaries, managers, controlling persons, employees
and agents and each of the partners, shareholders, members, affiliates, directors, officers, fiduciaries, managers, controlling
persons, employees and agents of each of the foregoing (collectively, the “Related Parties”) free and harmless
from and against any and all actions, causes of action, suits, claims, liabilities, losses, damages and costs and out-of-pocket
expenses in connection therewith (including attorneys’ fees and expenses) incurred by the Related Parties or any of them
before or after the date of this Agreement (collectively, the “Indemnified Liabilities”), arising out of any
action, cause of action, suit, arbitration, investigation or claim arising out of, or in any way relating to, (i) this Agreement,
any transaction to which the Company is a party or any other circumstances with respect to the Company or (ii) the operations of,
or the Services or Office Space provided by the Service Provider to, the Company, or any of its affiliates from time to time; provided,
however, that the foregoing indemnification rights will not be available to the extent that any such Indemnified Liabilities
arose on account of such Indemnitee’s gross negligence or willful misconduct; and provided, further, that if
and to the extent that the foregoing undertaking may be unavailable or unenforceable for any reason, the Company hereby agrees
to make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under
applicable law. For purposes of this Section 5.1, none of the circumstances described in the limitations contained in the two provisos
in the immediately preceding sentence will be deemed to apply absent a final non-appealable judgment of a court of competent jurisdiction
to such effect, in which case to the extent any such limitation is so determined to apply to any Indemnitee as to any previously
advanced indemnity payments made by the Company, then such payments will be promptly repaid by such Indemnitee to the Company without
interest. The rights of any Indemnitee to indemnification hereunder will be in addition to any other rights any such person may
have under any other agreement or instrument to which such Indemnitee is or becomes a party or is or otherwise becomes a beneficiary
or under law or regulation.

 

Section 5.2 Disclaimer;
Standard of Care. The Service Provider makes no representations or warranties, express or implied, in respect of the Services.
In no event will the Service Provider or its Related Parties be liable to the Company or any of its affiliates for any act, alleged
act, omission or alleged omission that does not constitute gross negligence or willful misconduct by the Service Provider as determined
by a final, non-appealable determination of a court of competent jurisdiction.

 

ARTICLE
VI

TERMINATION

 

Section 6.1 Termination. This Agreement
shall terminate upon the earlier of (a) the Termination Date and (b) the mutual agreement of the Parties.

 

Section 6.2 The Company’s Right to Terminate
for Cause. The Company may terminate its participation in this Agreement or any part hereof for cause, immediately and without
prior written notice, in the event of any of the following by the Service Provider: (a) a material breach of any provision
of this Agreement; (b) a failure to fulfill or perform any duties or obligations to the Company pursuant to this Agreement; provided
that the Service Provider fails to remedy any such failure within thirty (30) days of its receipt of a written notice from the
Company of its intent to terminate this Agreement; or (c) if (i) any proceeding in bankruptcy, reorganization or arrangement for
the appointment of a receiver or trustee to take possession of the Service Provider’s assets or any other proceeding under
any law for relief from creditors shall be instituted by or against the Service Provider (and such proceeding is not dismissed
within sixty (60) days from the filing date); or (ii) if the Service Provider shall make an assignment for the benefit of its creditors.

 

    Page 4

     

    

 

Section 6.3 A Service Provider’s Right
to Terminate for Cause. A Service Provider may terminate its participation in this Agreement or any part hereof for cause,
immediately and without prior written notice, in the event of (a) any of failure by the Company to pay to the Service Provider
any amount due pursuant to this Agreement by the Company if such failure continues for a period of thirty (30) consecutive days
after receipt of written notice of such failure from such Service Provider, (b) the commencement by the Company of a voluntary
case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to
the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar
official) of the Company or for any substantial part of its property, or the making by it of any assignment for the benefit of
creditors or (c) the entry of a decree or order for relief by a court having jurisdiction in the premises in respect of the Company
in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of the Company or for any substantial part of its property, or
ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for
a period of thirty (30) consecutive days.

 

Section 6.4 Effect
of Termination. In the event of a termination of this Agreement, the Company will pay the Service Provider or its designees
all unpaid amounts due pursuant to Article II and Section 5.1 with respect to the periods prior to the termination of this Agreement.
This Section 6.4 and Articles III, IV, V and VII shall survive any termination of this Agreement.

 

ARTICLE
VII

MISCELLANEOUS

 

Section 7.1 Independent
Contractor Status. This Agreement shall not be construed as creating any agency, partnership, joint venture, or other similar
legal relationship between or among the Parties; nor will any Party hold itself out as an agent, partner, or joint venture party
of another Party. Each Party shall be, and shall act as, independent contractors. No Party shall have authority to create any obligation
for another Party. Further, the Service Provider shall be responsible for: (1) selecting and hiring its employees legally, including
compliance with all applicable laws in connection therewith; (2) paying its employees’ wages and other benefits that the
Service Provider offers to such employees in accordance with applicable laws; (3) paying or withholding all required payroll taxes
and mandated insurance premiums; (4) providing workers’ compensation coverage for employees as required by law; and (5) fulfilling
employer’s obligations with respect to unemployment compensation. The Service Provider shall indemnify the Company from a
claim made by the Service Provider’s employee or agent against the Company alleging rights or benefits as a Company employee.

 

Section 7.2 Notices. All notices, requests,
demands and other communications given hereunder shall be in writing and personally delivered or mailed by registered or certified
mail, postage prepaid, to the address of the Office Space, or to any other address designated by a Party in accordance with the
provisions of this Section 7.2. Each such notice or other communication shall for all purposes of this Agreement be treated as
effective or as having been received when delivered, if delivered by hand or by messenger (or overnight courier), 24 hours after
confirmed receipt if sent by facsimile transmission or at the earlier of its receipt or on the fifth (5th) day after mailing, if
mailed, as aforesaid.

 

    Page 5

     

    

 

Section 7.3 Entire Agreement. This Agreement
constitute the entire agreement between and among the Parties hereto with respect to the transactions contemplated hereby, and
supersede all written and verbal negotiations, representations, warranties, commitments, and other understandings prior to the
date hereof between the Service Provider and the Company.

 

Section 7.4 Amendment and Waiver. This
Agreement may be amended, and the observance of any clause of this Agreement may be waived, only with the written consent of all
Parties affected thereby. Any waiver by either Party hereto of any provision of this Agreement shall not be construed as a waiver
of any other provision of this Agreement, nor shall such waiver be construed as a waiver of such provision with respect to any
other event or circumstance, whether past, present or future.

 

Section 7.5 Execution in Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same agreement.

 

Section 7.6 Assignment. The Service Provider
hereby acknowledges that the Services to be provided to the Company hereunder are unique and personal. Accordingly, the Service
Provider shall not assign this Agreement or any rights hereunder without the prior written consent of the Company. Any attempted
assignment without such written consent shall be null and void.

 

Section 7.7 Governing Law;
Forum Selection; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance with, the laws of the State
of New York. SUBJECT TO SECTION 7.8, EACH OF THE PARTIES HERETO IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY STATE
COURT IN NEW YORK COUNTY IN THE STATE OF NEW YORK OR ANY U.S. FEDERAL COURT SITTING IN NEW YORK COUNTY IN NEW YORK STATE IN RESPECT
OF ANY AND ALL SUITS, CLAIMS, DISPUTES, CHALLENGES, ACTIONS OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE RIGHTS
OF ANY PARTY HERETO UNDER THIS AGREEMENT, AND THE PERFORMANCE OF THE OBLIGATIONS IMPOSED BY THIS AGREEMENT (“CLAIMS”),
AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID
COURTS. SUBJECT TO SECTION 7.8, EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER
APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH CLAIM BROUGHT IN ANY SUCH
COURT AND ANY CLAIM BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. THE PARTIES WAIVE THE RIGHT TO A TRIAL
BY JURY IN ANY DISPUTE OR OTHER CLAIM IN CONNECTION WITH THIS AGREEMENT.

Section 7.8 Arbitration.

(a) If
any Claim arises, the party making such Claim shall provide a written notice (a “Claim Notice”) to the other
party hereto, specifying the nature of the Claim and thereafter, the parties shall negotiate in good faith to resolve such Claim
expeditiously. If the parties do not resolve the Claim within forty-five (45) days of a Claim Notice, the parties shall endeavor
in good faith to resolve such Claim expeditiously using informal dispute resolution techniques, such as mediation, expert evaluation,
or determination or similar techniques reasonably agreed by the parties. If the parties do not resolve the Claim within ninety
(90) days of a Claim Notice, then the Claim shall be submitted to mandatory, final and binding arbitration administered by JAMS
pursuant to its Comprehensive Arbitration Rules and Procedures in effect at the time of filing of the demand for arbitration, subject
to the provisions of this Section 7.8, pursuant to the Federal Arbitration Act, 9 U.S.C., Section 1 et seq. The place of arbitration
shall be New York, New York.

(b) There
shall be three (3) arbitrators, with one arbitrator to be appointed by each party and the third to be appointed by the two (2)
arbitrators so appointed. The arbitrators shall be agreed upon by the parties within twenty (20) days of receipt by the respondent
of a copy of the demand for arbitration. If the parties do not agree upon arbitrators within this time limit, such arbitrators
shall be appointed by JAMS in accordance with the listing, striking and ranking procedure in the Rules, with each party being given
a limited number of strikes, except for cause. Any arbitrator appointed by JAMS shall be a retired judge or a practicing attorney
with no less than twenty years of experience with corporate and limited liability company matters and an experienced arbitrator.
In rendering an award, such arbitrators shall be required to follow the laws of the state of New York.

(c) The
arbitration shall be the sole and exclusive forum for resolution of the Claim, and the award shall be in writing, state the reasons
for the award, and be final and binding. Judgment thereon may be entered in any court of competent jurisdiction. The arbitrators
shall not be permitted to award punitive, multiple or other non-compensatory damages. Any costs or fees (including attorneys’
fees and expenses) incident to enforcing the award shall be charged against the party resisting such enforcement. The arbitrators
shall be permitted to, but shall not be required to, award to the prevailing party, if any, the costs and attorneys’ fees
reasonably incurred by the prevailing party in connection with the arbitration.

(d) The parties agree
that the arbitration shall be kept confidential and that the existence of the proceeding and any element of it (including but
not limited to any pleadings, briefs or other documents submitted or exchanged, any documents disclosed by one party to another,
testimony or other oral submission and any awards or decisions) shall not be disclosed beyond the arbitrators, JAMS, the parties,
their legal and professional advisors, and any person necessary for the conduct of the arbitration, except as may be required
in judicial proceedings relating to the arbitration, or by law, regulatory or governmental authority.

    Page 6

     

    

 

(e) Barring
extraordinary circumstances (as determined in the sole discretion of the arbitrator), discovery shall be limited to pre-hearing
disclosure of documents that each side will present in support of its case, and, in response to reasonable documents requests,
non-privileged documents in the responding party’s possession or custody, not otherwise readily available to the party seeking
the documents, and reasonably believed to exist, that may be relevant and material to the outcome of disputed issues. There shall
be no depositions.

(f) By agreeing to arbitration, the parties
do not intend to deprive any court of its jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment, or other order
in aid of arbitration proceedings and the enforcement of any award. Without prejudice to such provisional remedies as may be available
under the jurisdiction of a court, the arbitrator shall have full authority to grant provisional remedies and to direct the parties
to request that any court modify or vacate any temporary or preliminary relief issued by such court, and to award damages for
the failure of any party to respect the arbitrator’s orders to that effect. In any such judicial action: (i) each of the
parties irrevocably and unconditionally consents to the exclusive jurisdiction and venue of the federal or state courts located
in New York (the “New York Courts”) for the purpose of any pre-arbitral injunction, pre-arbitral attachment,
or other order in aid of arbitration proceedings, and to the non-exclusive jurisdiction of such courts for the enforcement of
any judgment on any award; (ii) each of the parties irrevocably waives, to the fullest extent they may effectively do so, any
objection, including any objection to the laying of venue or based on the grounds of forum non conveniens or any right of objection
to jurisdiction on account of its place of incorporation or domicile, which it may now or hereafter have to the bringing of any
such action or proceeding in any New York Courts; (iii) each of the parties irrevocably consents to service of process by first
class certified mail, return receipt requested, postage prepaid; and (iv) each of the parties hereby irrevocably waives any and
all right to trial by jury.

 

Section 7.9 Severability. If any provision
or provisions of this Agreement shall, for any reason, be deemed unenforceable or in violation of law, such unenforceability or
violation shall not affect the remaining provisions of this Agreement, which shall continue in full force and effect and be binding
upon the Parties hereto. The Parties will use their best efforts to agree upon any changes in this Agreement which may be necessary
in order to adjust its remaining provisions with regard to the omission of any invalid clause in order to make this Agreement
workable.

 

Section 7.10 Section
Headings. The headings of the sections, paragraphs, and exhibits herein are for the Parties’ convenient reference only
and shall not define or limit any of the terms or provisions hereof. Exhibits and other documents referred to in this Agreement
are an integral part hereof, unless the context of such reference indicates otherwise.

 

Section 7.11 Damages.
NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY PARTY HERETO BE LIABLE TO ANOTHER FOR PUNITIVE,
INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING LIABILITY FOR LOSS OF USE, LOSS OF PROFITS, LOSS OF PRODUCT OR BUSINESS
INTERRUPTION HOWEVER THE SAME MAY BE CAUSED, INCLUDING FAULT OR NEGLIGENCE OF ANY PARTY.

 

Section 7.12 Construction.
The words “hereof,” “herein,” and “hereunder” and words of similar import when used in this
Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement, and section and subsection
references are to this Agreement unless other-wise specified. The words “include” or “including” when
used in this Agreement are deemed to be followed by the words “but not be limited to” or “but not limited to,”
respectively.

 

[The remainder of this page is intentionally left blank.]

 

    Page 7

     

    

 

IN WITNESS WHEREOF, the Parties hereto have caused
this Support Services Agreement to be signed as of the date set forth below.

 

	 	REINVENT TECHNOLOGY PARTNERS
	 	 	 	 
	 	By:	 
	 	 	Name: 	 
	 	 	Title:	 
	 	 	 	 
	 	REINVENT CAPITAL LLC
	 	 	 	 
	 	By:	 
	 	 	Name:	       
	 	 	Title:	 

 

[Signature Page to Support Services Agreement]Document

Exhibit 10.1

EXECUTION COPY

									
	DATED:       9   September  2020
		
		

DEED OF SETTLEMENT AND RELEASE

	
	TIM COURTIS,
GREENLIGHT REINSURANCE, LTD.,
AND
GREENLIGHT CAPITAL RE, LTD. 
		

 DEED OF SETTLEMENT AND RELEASE
This Deed of Settlement and Release is made the 9th day of September 2020
BETWEEN:
(1)TIM COURTIS of 607 Yacht Drive, West Bay, Grand Cayman (the "Employee");
(2)GREENLIGHT REINSURANCE, LTD of 65 Market Street, Suite 1207, Jasmine Court, Camana Bay, Grand Cayman, KY1-1205, Cayman Islands;
(3)GREENLIGHT CAPITAL RE, LTD of 65 Market Street, Suite 1207, Jasmine Court, Camana Bay, Grand Cayman, KY1-1205, Cayman Islands (together with Greenlight Reinsurance Ltd, the "Employers")

EXECUTION COPY

(Each a "Party" and together "the Parties")  
WHEREAS:-
(A)The Employee was employed as Chief Financial Officer (the "Employment") pursuant to an Amended and Restated Employment Agreement dated December 30, 2008 (the “Contract”), as subsequently amended February 18, 2009 and by written notification on February 28, 2014, and effective as of January 1, 2014);
(B)The Parties have agreed to terminate the Employment by mutual consent effective 9 September 2020 (the "Termination Date");
(C)The Parties now wish to settle all matters between them and have agreed to a full and final settlement on the terms and conditions contained in this Deed and have agreed to enter into this Deed in consideration of the mutual covenants and other valuable consideration set out below
IT IS NOW AGREED AND THIS DEED WITNESSES AS FOLLOWS:-
1.Definitions
1.1In this Deed, unless otherwise indicated, the following expressions shall bear the following meanings:
(a)"Associated Entities" means the Employers and each and all of their respective current, previous, and future parent companies, direct or indirect subsidiaries, and affiliates;
(b)"Claims" means all causes of action, matters, and disputes arising from or related to the Employment or the termination thereof, or otherwise arising between the Parties, whether known or unknown, that exist (or may exist) as at the date of execution of this Deed including but not limited to:
(i)Any and all actions, causes of action, claims, covenants, contracts and/or controversies in any jurisdiction of whatsoever character howsoever arising whether in law, equity or otherwise;
(ii)Unfair dismissal pursuant to part VII of the Labour Law (2011 Revision) (the "Labour Law") or any successor legislation;
        2

EXECUTION COPY

(iii)Severance pay pursuant to part V of the Labour Law or any successor legislation;
(iv)Wrongful or constructive dismissal in respect of the Employment howsoever arising; 
(v)Contractual entitlement in respect of salary, commission, accrued holiday pay, overtime, notice, severance, other benefits, or otherwise arising out of or in connection with the Contract (as amended) or Employment, including for the avoidance of doubt any discretionary bonus; and 
(vi)Discrimination howsoever arising or of any nature.
(c)References to recitals and clauses are references to the recitals to and clauses of this Deed;
(d)Headings to clauses and the use of bold type are for convenience only and shall not affect the interpretation or construction of this Deed; and
(e)Words in the singular include the plural and vice versa.
1.2 Should any provision of this Deed require interpretation it is agreed by the Parties that such interpretation shall not be subject to a presumption that the Deed is to be construed more strictly against the party who prepared the Deed.
 2.Agreement and Release by the employee
2.1 The Parties hereby agree that the Employment shall terminate by mutual consent and without further notice as of the Termination Date, at which time the Employee shall cease to be employed by the Employers. 
2.2 The Employee agrees and undertakes to resign as of the Termination Date from all officer, board, committee, and other appointments or positions held in respect of the Employers and their Associated Entities. In the event that the Employee fails to resign in accordance with this clause he hereby irrevocably grants a power of attorney to the Employers empowering them to execute the necessary instruments of resignation on his behalf.
        3

EXECUTION COPY

2.3 The Employee agrees that other than as set forth in Section 3, below, Employee hereby:
(a)Releases each and all of the Employers and their Associated Entities (collectively, the “Companies”), and each and all of the Companies’ respective servants, agents, directors, officers, employees, partners, equityholders, investors, and representatives (collectively, with the Companies, the “Releasees”) from all and any Claims howsoever arising, whether under Cayman Islands, United States, New York, or other law, whether under any statute, regulation, ordinance, constitution, treaty, contract, common law, or otherwise, and whether such Claims are accrued or contingent;
(b)Undertakes and covenants not to assert any Claims or commence legal proceedings in respect of such claims against any of the Releasees at any time in any forum or any jurisdiction (including without limitation the Director of Labour, the Department of Employment Relations or a Labour Tribunal in the Cayman Islands or the Grand Court of the Cayman Islands); and
(c)Undertakes and covenants to comply with the terms of Section 9 of the Contract, which he agrees survives his termination, and acknowledges that such terms are enforceable in their entirety;
(d)Undertakes and covenants that before and after the Termination Date, he will reasonably cooperate with the Employers and their Associated Entities,  in connection with (i) the smooth transition of his role and responsibilities, as directed by the Employers, including by promptly responding to requests for information, (ii) any actual or threatened investigation, administrative proceeding, or litigation relating to any matter that occurred during the Employment in which he was involved or of which he has knowledge, and (iii) any other internal or external review of the Companies, including by any regulator or agency, or any actual or threatened arbitration; provided that the Companies will attempt to schedule Employee’s cooperation for mutually agreeable times and locations in a manner that does not unduly interfere with Employee’s personal or professional pursuits and will reimburse Employee for any reasonable pre-approved out-of-pocket expenses Employee incurs in connection with such cooperation.  Employee will render his cooperation under this paragraph without requiring a subpoena, and will do so honestly, truthfully, forthrightly, and completely, 
        4

EXECUTION COPY

including supplying relevant documents and information in his possession, custody, or control;
(e)Agrees and confirms that the none of the Releasees owes him any wages, bonuses, pro-rated bonuses (for 2020 or any other year), equity compensation, stock options, restricted shares, sick pay, vacation or holiday pay (except as provided in Section 3.2, below), severance pay, relocation or moving costs, notice pay, pension contribution, equity award (including but not limited to any Option (as defined in the Contract, as amended)), or any other compensation, payment, amount, benefit, or interest whatsoever; and
(f)Confirms and acknowledges that he has not suffered any known workplace injury or occupational disease and that he has not been victimised in consequence of reporting any wrongdoing relating in any way to the Employment.  
2.4 Without prejudice to the generality of clause 2.3 above, the Employee expressly agrees and acknowledges that:
(a)Other than basic salary accrued to the Termination Date, he shall not be entitled to receive any further sum whether by way of notice pay, severance pay, or otherwise, including but not limited to under Section 8 of the Contract;
(b)He shall not be entitled to receive any Retention Bonus pursuant to the Retention Bonus Agreement between the Employee and Greenlight Reinsurance Ltd dated 4 May 2020;
(c)All of his unvested Awards under the Greenlight Capital Re Ltd. Amended and Restated 2004 Stock Incentive Plan, as amended (the “LTIP”), are hereby cancelled, and all of Employee’s rights to restricted shares are hereby terminated; and
(d)He shall repay to the Employers within 30 days of the Termination Date the pro-rated portion of his annual Permanent Residency fee attributable to the period after the Termination Date.
2.5 In the event that the Employee breaches any material provision of this Deed or pursues or encourages any Claim against any of the Releasees, he agrees to indemnify without 
        5

EXECUTION COPY

limitation such parties for any losses suffered as a result thereof, including but not limited to advancing all of their legal and professional fees with respect to such matter(s).
2.6 In signing this Deed the Employee acknowledges that he has read and understood this Deed and has obtained or had the opportunity to obtain independent legal advice in relation thereto. The Employee further acknowledges that he signs this Deed voluntarily and understands that the Deed contains a full and final release of all claims that he has or may have against any of the Releasees.
2.7 The Employee shall not commence or maintain, or procure, assist, encourage, support or otherwise participate in the commencement or continuance of, any proceedings in respect of the Claims, except, for the avoidance of doubt, for the purpose of enforcing this Deed.
 3.agreement by the employers
3.1 Conditional upon the Employee executing this Deed on the date hereof and complying with all of the terms hereof and with the Surviving Provisions (as defined below), the Employers:
(a)Pay Employee a separation payment in the amount of $500,000 (US), minus applicable taxes and withholdings, payable within thirty (30) days after the Parties’ execution of this Deed (including Employee executing the Affidavit (as defined below) and providing it, along with the duly executed Deed, to the Employers).
(b)Agree that health insurance for the Employee and his dependants shall be maintained for a period of 3 months after the Termination Date or until the Employee secures alternative employment, whichever is the sooner, subject to the Employee paying the premium in respect of the said insurance coverage.
(c)Irrevocably and unconditionally release and discharge Employee with respect to any and all Claims they otherwise could assert against him in connection with his employment or the termination thereof; provided that, for avoidance of doubt, nothing herein releases or discharges any claims (i) based on Employee’s wilful misconduct or gross negligence in the performance of his duties for the 
        6

EXECUTION COPY

Companies (provided that for the avoidance of doubt, my transmission of the emails described in the Affidavit does not constitute gross negligence or wilful misconduct for purposes of this Deed), (ii) that arise after the Termination Date, or (iii) that arise under this Deed or under any of the Surviving Provisions, including but not limited any claims for misuse of the Companies’ confidential information or the breach of Sections 2, 3, 9, 10, or 11 hereof. 
(d)Will issue an instruction to their current directors and senior officers not to make or publish any disparaging, derogatory, or defamatory comments or statements about Employee in any forum, whether oral or written.
3.1 The Employers shall pay the Employee for any accrued but unused vacation (if any), in accordance with the Employers’ vacation policy.
3.2 The Employers shall reimburse the Employee for any as-yet unreimbursed business expenses that were properly accrued prior to the Termination Date, in accordance with the terms and conditions of the Employers’ expense reimbursement policy.  For avoidance of doubt, Employee will not receive reimbursement or payment of any moving or relocation expenses, and is waiving and releasing all claims to any such expenses.
3.3 The Employee will remain eligible to receive payments in connection with any quantitative bonuses previously awarded to the Employee in accordance with Greenlight Capital Re, Ltd.’s Compensation Plan, subject to the terms and conditions of that Plan (provided that, for avoidance of doubt, the Employee is not entitled to any such bonus with respect to 2020 or any later year, and is not entitled to any other bonuses or benefits under that Plan, including any discretionary bonuses or pro rata bonuses, and also is not eligible for any payments, rights, or benefits under any other plan, award, or agreement, including but not limited to the LTIP).
3.4 Nothing in this Deed shall be construed to waive or release any right to indemnification Employee otherwise would have under any applicable by-law, duly-executed agreement, or insurance policy with respect to claims threatened or brought against Employee by any third parties.
        7

EXECUTION COPY

 4.NO ADMISSION
4.1 Entry into this Deed and performance of the obligations hereunder shall not constitute an admission of liability howsoever arising by any Party.
 5.ABSOLUTE BAR
5.1 This Deed may be pleaded and tendered by any Party as an absolute bar and defence to any proceeding brought in breach of the terms of this Deed.
6.further assurances and acknowledgments
6.1 The Parties shall (at their own cost) do and execute or procure to be done and executed all necessary acts, agreements, instruments, deeds, documents and things reasonably within their power to give effect to and carry out this Deed and its intents and purposes, and the Parties shall co-operate to the fullest extent practicable to that end.  
 7.Warranties and representations
 7.1 Each Party hereby separately represents and warrants to the other Party that:-
(a)it has taken all necessary actions to authorize and approve its entry into this Deed and the execution of the same;
(b)all necessary authorizations and approvals for the performance of its obligations hereunder have been obtained and remain in force;
(c)its entry and the performance of its obligations under this Deed will not violate any provision of its constitutive documents or any provision of any law applicable to it, nor conflict with or breach or require any consent under any agreement or instrument to which it is party or by which it is or any of its assets or properties is bound; and
(d)this Deed has been duly executed by it and constitutes a valid and legally binding obligation which is enforceable against it in accordance with its terms.  
 8. Warranties concerning claims
8.1 Each Party hereby separately represents and warrants to the other Party that:-
        8

EXECUTION COPY

(a)it is the sole and lawful owner of all right, title, and interest in and to each and every Claim which such Party settles herein and in respect of which a waiver, release and discharge is given under this Deed; and 
(b)it has not assigned, transferred or conveyed, or purported to assign, transfer or convey, any Claim or any rights in respect of a Claim to any person who is not a party to this Deed.  
 9.Confidentiality
9.1 [RESERVED]
 10.Post-employment obligations
10.1 Section 9 of the Contract is explicitly incorporated into this Deed by reference, including but not limited to the provision regarding Acknowledgments (Sections 9(a) and 9(j)), the Confidentiality provision (Section 9(b)), the Non-Compete provision (Section 9(c)), the provision regarding Non-Solicitation of Employees (Section 9(d)(provided that subject to Employee’s execution and compliance with this Deed, the Employers will not seek to prevent Employee from soliciting or working with Brendan Barry, the provision regarding Non-Solicitation of Customers (Section 9(e)), the provision regarding Post-Employment Property (Section 9(f)), the Non-Disparagement provision (Section 9(g)), the Enforcement provision (Section 9(h)), and the Blue-Pencil provision (Section 9(i)) (collectively, the “Surviving Provisions”).  The Employee hereby acknowledges and agrees that the foregoing provisions are enforceable in full and waives any objections thereto.
 11.INTELLECTUAL PROPERTY
11.1The Parties agree that any work of authorship, invention, design, discovery, development, technique, improvement, source code, hardware, device, data, apparatus, practice, process, method or other work product whatsoever (whether or not patentable or subject to copyright) related to the business of the Employers that the Employee either solely or in collaboration with others has made or may make, discover, invent, develop, perfect or reduce to practice during the course of the Employment whether or 
        9

EXECUTION COPY

not during business hours and created, conceived or prepared on the Employers' premises or otherwise shall be the sole property of the Employers.
11.2Without prejudice to the generality of the foregoing, the Employee agrees that all of the foregoing and any (i) inventions (whether patentable or not and without regard to whether any patent therefor is ever sought), (ii) marks, names or logos (whether or not registrable as trade or service marks and without regard to whether registration therefor is ever sought), (iii) works of authorship (without regard to whether any claim of copyright therein is ever registered) and (iv) trade secrets, ideas and concepts (collectively "Intellectual Property Products") created, conceived or prepared on the Employers' premises or otherwise, whether or not during normal business hours, shall perpetually and throughout the world be the exclusive property of the Employers as shall all tangible media (including but not limited to papers, electronic media of all types, and models) in which such Intellectual Property Products are recorded or otherwise fixed.
11.3The Employee further agrees to promptly (and in no event later than the Termination Date) disclose in writing and deliver to the Employers all Intellectual Property Products created during the Employment. The Employee agrees that all works of authorship created by him during the Employment shall be works made for hire of which the Employers are the authors and owners of copyright.
11.4To the extent that any competent authority may determine that any work or authorship created by the Employee during the Employment is not a work made for hire, the Employee hereby assigns all right, title and interest in the copyright therein, in perpetuity and throughout the world, to the Employers. To the extent this Deed does not otherwise serve to grant or otherwise vest in the Employers all rights in any Intellectual Property Product created by the Employee during the Employment, the Employee hereby assigns all right, title and interest therein, in perpetuity and throughout the world, to the Employer. 
11.5The Employee agrees to execute immediately upon the Employers' reasonable request and without charge any further assignments, applications, conveyances or other instruments, at any time after execution of this Deed in order to permit the Employers or their respective assigns to protect, perfect, register, record, maintain or enhance their rights in any Intellectual Property Product, provided that the Employers shall bear the cost of any such assignments, applications or consequences.
        10

EXECUTION COPY

11.6The Employee agrees and undertakes to 
(a) immediately deliver to the custody of the Employers all originals and copies of any documents and other property of the Employers which are in the Employee's possession, under his control or to which he may have access;
(b) immediately delete permanently and irretrievably any electronic material (howsoever stored) within the Employee's possession, control or to which he may have access belonging to the Employers or relating in any way to the Employers’ business; and 
(c) duly execute the affidavit previously provided to Employee (the “Affidavit”), before a notary public, with any inaccuracy in such Affidavit, or any breach thereof, being deemed a material breach of this Deed.
 12.Entire agreement
12.1This Deed (including the Affidavit), together with Section 9 of the Contract, forms the entire agreement and understanding between the Parties relating to the subject matter of this Deed and supersedes and extinguishes any previous agreement or understanding between the Parties in relation to all or any such matters.
12.2Each Party acknowledges that in entering into this Deed (and any documents referred to in it) it does not rely on, and shall have no remedy in respect of, any representation, warranty or undertaking in writing or otherwise made or given by any person whatsoever which is not expressly set out in this Deed.
 13.Variation
 13.1No provision of this Deed shall be deemed varied, waived, amended or modified by either Party, unless such variation, waiver, amendment or modification is made in writing and signed by each Party.
 14.Counterparts
14.1 This Deed may be executed in any number of counterparts, each of which shall be an original, and any one of which shall be deemed to be validly executed if evidenced by a facsimile or electronic copy of the executing Party’s signature which shall operate with 
        11

EXECUTION COPY

the same effect as if the signatures thereto were on the same instrument. For the avoidance of doubt, each Party shall be required to sign only one copy of this Deed.
 15.Successors and assigns
15.1This Deed shall inure to the benefit of and be binding upon the successors of each Party to this Deed.
15.2This Deed is personal to the Parties and shall not be capable of assignment save as provided by clause 16.1 above.
 16.Severability
16.1If any of the provisions of this Deed is found by a court of competent jurisdiction to be void or unenforceable, it shall be deemed to be deleted from this Deed and the remaining provisions shall continue to apply, unless the severed portion is essential to the intended purpose of this Deed, in which case the party who was to receive the benefit of the severed portion has the option to void the Deed insofar as it relates to them.
 17.Governing law and Jurisdiction
17.1 This Deed (including the Affidavit) shall be governed by and construed in accordance with the laws of the Cayman Islands.
17.2 The Parties hereby agree that the Grand Court of the Cayman Islands shall have exclusive jurisdiction to hear and determine any claim, suit, action or proceeding whatsoever and to settle any dispute which may arise out of any provision of this Deed or out of any action taken or omitted to be taken under this Deed or in connection with the administration of this Deed. The Parties to this Deed irrevocably submit to the exclusive jurisdiction of the Cayman Islands Court.

IN WITNESS WHEREOF the Parties hereto have executed this Deed on the date and year first above written
        12

EXECUTION COPY

									
			

												
	SIGNED AS A DEED by TIM COURTIS

in the presence of:
	)	/s/ Tim Courtis	
		)	Signature	
		)		
		)		
		)		

						
	/s/ Caroline Courtis	
	Signature of Witness	
		
	Name:	Caroline Courtis
		
	Address:	
		
	Occupation:	Retired
		

/s/ Alstair David
						
	Signature of Witness	
		
	Name:	Alstair David
		
	Address:	
		
	Occupation:	Attorney
		

        13

EXECUTION COPY

												
	EXECUTED AS A DEED by GREENLIGHT REinsurance ltd

	)	/s/ Simon Burton	
		)	Duly Authorised Signatory	
		)		
		)	Name:	Simon Burton
		)		
		)	Title:	CEO
		)		
				
		)	/s/ Laura Accurso	
		)	Duly Authorised Signatory	
		)		
		)	Name:	Laura Accurso
		)		
		)	Title:	General Counsel
		)		

        14

EXECUTION COPY

							
	in the presence of:		
			
			
			
	/s/ Faramarz Romer		
	Signature of Witness		
			
	Name:	Faramarz Romer	
			
	Address:	George Town, Grand Cayman	
			
	Occupation:	Chartered Accountant	
	

		
	/s/ Tom Curnock		
	Signature of Witness		
			
	Name:	Tom Curnock	
			
	Address:	SMB, Grand Cayman	
			
	Occupation:	CRO	

        15

EXECUTION COPY

												
	EXECUTED AS A DEED by GREENLIGHT CAPITAL RE LTD

	)	/s/ Simon Burton	
		)	Duly Authorised Signatory	
		)		
		)	Name:	Simon Burton
		)		
		)	Title:	CEO
		)		
				
		)	/s/ Laura Accurso	
		)	Duly Authorised Signatory	
		)		
		)	Name:	Laura Accurso
		)		
		)	Title:	General Counsel
		)		

							
	in the presence of:		
			
			
			
	/s/ Faramarz Romer		
	Signature of Witness		
			
	Name:	Faramarz Romer	
			
	Address:	George Town, Grand Cayman	
			
	Occupation:	Chartered Accountant	
			
	/s/ Tom Curnock
		
	Signature of Witness		
			
	Name:	Tom Curnock	
			
	Address:	SMB, Grand Cayman	
			
	Occupation:	CRO	

        16

EXECUTION COPY

        17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}]]