Document:

Exhibit 4.4

 

HEWLETT-PACKARD
COMPANY

 

OFFICERS’
CERTIFICATE PURSUANT TO

SECTION 301
OF THE INDENTURE

 

February 26,
2009

 

We, Bruce Ives and Scott
D. Bilter, do hereby certify that we are the duly appointed Vice President,
Deputy General Counsel and Assistant Secretary and Vice President, Corporate
Treasury, respectively, of Hewlett-Packard Company, a Delaware corporation (the
“Company”).  We further certify, pursuant to the consent
of the Debt Subcommittee of the Board of Directors of the Company adopted as of
February 23, 2009 (a copy of which is attached hereto as Exhibit A),
that pursuant to Section 301 of the Indenture, dated as of June 1,
2000 (the “Indenture”) between the
Company and The Bank of New York Mellon Trust Company, N.A. (as successor to
The Bank of New York Trust Company, N.A ., the successor to J.P. Morgan
Trust Company, National Association, the successor to Chase Manhattan Bank and
Trust Company, National Association), as trustee, three series of debt
securities of the Company are hereby established, with the following terms and
provisions:

 

1.          The titles of such
series of Securities shall be the “Floating Rate Global Notes due February 24,
2011” (the “Floating Rate Global Notes”),
the “4.25% Global Notes due February 24, 2012” (the “2012
Global Notes”), and the “4.75% Global Notes due June 2,
2014” (the “2014 Global Notes”, together
with the 2012 Global Notes, the “Fixed Rate Global Notes,”
and the Fixed Rate Global Notes and the Floating Rate Global Notes,
collectively, the “Global Notes”) (copies of
which are attached hereto as Exhibits B-1, B-2 and B-3,
respectively).

 

2.          The aggregate principal
amount of the Global Notes that may be authenticated and delivered under the
Indenture shall be $275,000,000 aggregate principal amount of the Floating Rate
Global Notes, $1,000,000,000 aggregate principal amount of the 2012 Global
Notes and $1,500,000,000 aggregate principal amount of the 2014 Global Notes
(except for Global Notes authenticated and delivered upon registration of,
transfer of, or in exchange for, or in lieu of, other Global Notes pursuant to
Sections 304, 305, 306, 906 and 1107 of the Indenture, and except for any
Global Notes which, pursuant to Section 303 of the Indenture, shall be
deemed never to have been authenticated and delivered thereunder).

 

3.          The prices at which the
Global Notes shall be issued to the public are: 100.0% for the Floating Rate
Global Notes, 99.956% for the 2012 Global Notes and 99.993% for the 2014 Global
Notes.

 

4.          Interest on the Global
Notes shall be payable to the Persons in whose names the Global Notes (or one
or more Predecessor Securities) are registered at the close of business on the
Regular Record Date for such interest.

 

5.          The Stated Maturity of
the Floating Rate Global Notes is February 24, 2011 (if such date is not a
Business Day, payment of principal, premium, if any, and interest for the
Securities will be paid on the next Business Day; provided, however, that no
interest on that payment will accrue from and after February 24,
2011).  The Stated Maturity of the 2012
Global Notes on which the 

 

 

principal thereof
is due and payable is February 24, 2012 (if such date is not a Business
Day, payment of principal, premium, if any, and interest for the Securities
will be paid on the next Business Day; provided, however, that no interest on
that payment will accrue from and after February 24, 2012).  The Stated Maturity of the 2014 Global Notes
on which the principal thereof is due and payable is June 2, 2014 (if such
date is not a Business Day, payment of principal, premium, if any, and interest
for the Securities will be paid on the next Business Day; provided, however,
that no interest on that payment will accrue from and after June 2, 2014).

 

6.          The Floating Rate Global
Notes will bear interest for each interest period at a rate determined by the
calculation agent.  The calculation agent
is The Bank of New York Mellon Trust Company, N.A. until such time as the
Company appoints a successor calculation agent. 
The interest rate on the Floating Rate Global Notes for a particular
interest period will be a per annum rate equal to three-month USD LIBOR as
determined on the interest determination date plus 1.75%.  The interest determination date for an
interest period will be the second London business day preceding the first day
of such interest period.  Promptly upon
determination, the calculation agent will inform the Trustee and the Company of
the interest rate for the next interest period. 
Absent manifest error, the determination of the interest rate by the
calculation agent shall be binding and conclusive on the holders of the
Floating Rate Global Notes, the Trustee and the Company.  A London business day is a day on which
dealings in deposits in U.S. dollars are transacted in the London interbank
market.

 

Interest on the Floating
Rate Global Notes will be paid to but excluding the relevant Interest Payment
Date.  Interest payments on the Floating
Rate Global Notes will be made quarterly in arrears on February 24, May 24,
August 24 and November 24 of each year, beginning on May 24,
2009, to the person in whose name the Floating Rate Global Notes are registered
at the close of business on the Business Day immediately preceding the Interest
Payment Date.  Interest on the Floating
Rate Global Notes will accrue from and including February 26, 2009, to but
excluding the first Interest Payment Date and then from and including the
immediately preceding Interest Payment Date to which interest has been paid or
duly provided for to but excluding the next Interest Payment Date or date of
Maturity, as the case may be.  Each of
these periods is referred to as an “interest period.”  The amount of accrued interest that the
Company will pay for any interest period shall be calculated by multiplying the
face amount of the Floating Rate Global Notes then outstanding by an accrued
interest factor.  This accrued interest
factor is computed by adding the interest factor calculated for each day from February 26,
2009, or from the latest date interest was paid to the date for which accrued
interest is being calculated.  The
interest factor for each day is computed by dividing the interest rate
applicable to that date by 360.  If an
Interest Payment Date for the Floating Rate Global Notes falls on a day that is
not a Business Day, the Interest Payment Date shall be postponed to the next
succeeding Business Day unless such next succeeding Business Day would be in
the following month, in which case, the Interest Payment Date shall be the
immediately preceding Business Day.

 

On any interest
determination date, LIBOR will be equal to the offered rate for deposits in
U.S. dollars having an index maturity of three months, in amounts of at least
$1,000,000, as such rate appears on “Reuters Page LIBOR01” at
approximately 11:00 a.m., London time, on such interest determination
date.  If on an interest determination
date, such rate does not appear on the “Reuters Page LIBOR 01” as of 11:00 a.m.,
London time, or if the “Reuters Page LIBOR01” is not 

 

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available on such date,
the calculation agent will obtain such rate from Bloomberg L.P.’s page “BBAM.”

 

If no offered rate
appears on “Reuters Page LIBOR01” or Bloomberg L.P.’s page “BBAM” on
an interest determination date at approximately 11:00 a.m., London time,
then the calculation agent (after consultation with the Company) will select
four major banks in the London interbank market and shall request each of their
principal London offices to provide a quotation of the rate at which
three-month deposits in U.S. dollars in amounts of at least $1,000,000 are
offered by it to prime banks in the London interbank market, on that date and
at that time, that is representative of single transactions at that time.  If at least two quotations are provided,
LIBOR will be the arithmetic average of the quotations provided.  Otherwise, the calculation agent will select
three major banks in New York City and shall request each of them to provide a
quotation of the rate offered by them at approximately 11:00 a.m., New
York City time, on the interest determination date for loans in U.S. dollars to
leading European banks having an index maturity of three months for the
applicable interest period in an amount of at least $1,000,000 that is
representative of single transactions at that time.  If three quotations are provided, LIBOR will
be the arithmetic average of the quotations provided.  Otherwise, the rate of LIBOR for the next
interest period will be set equal to the rate of LIBOR for the then current
interest period.

 

Upon request from any
holder of Floating Rate Global Notes, the calculation agent will provide the
interest rate in effect for the Floating Rate Global Notes for the current
interest period and, if it has been determined, the interest rate to be in effect
for the next interest period.

 

All percentages resulting
from any calculation of the interest rate on the Floating Rate Global Notes
will be rounded to the nearest one hundred-thousandth of a percentage point
with five one millionths of a percentage point rounded upwards (e.g., 9.876545%
(or .09876545) would be rounded to 9.87655% (or .0987655)), and all dollar
amounts used in or resulting from such calculation on the Floating Rate Global
Notes will be rounded to the nearest cent (with one-half cent being rounded
upward).  Each calculation of the
interest rate on the Floating Rate Global Notes by the calculation agent will
(in the absence of manifest error) be final and binding on the Holders and the
Company.

 

The interest rate on the
Floating Rate Global Notes will in no event be higher than the maximum rate
permitted by New York law as the same may be modified by Unites States law of
general application.

 

7.          The 2012 Global Notes
will bear interest at the rate of 4.25% per year. Interest on the 2012 Global
Notes will be paid semi-annually in arrears on February 24 and August 24
of each year, beginning on August 24, 2009, to the holders of record of
the 2012 Global Notes at the close of business on the fifteenth day (whether or
not a Business Day) immediately preceding the related Interest Payment Date.
Interest on the 2012 Global Notes will accrue from and including February 26,
2009, to but excluding the first Interest Payment Date and then from and
including the immediately preceding Interest Payment Date to which interest has
been paid or duly provided for to but excluding the next Interest Payment Date
or Maturity date, as the case may be. Interest on the 2012 Global Notes will be
paid on the basis of a 360-day year comprised of twelve 30-day months. 

 

3

 

If an Interest
Payment Date on the 2012 Global Notes falls on a date that is not a Business
Day, the Interest Payment Date shall be postponed to the next succeeding
Business Day.

 

8.          The 2014 Global Notes
will bear interest at the rate of 4.75% per year. We will make interest
payments on the 2014 Global Notes semi-annually in arrears on June 2 and December 2
of each year, beginning on June 2, 2009, to the holders of record of the
2014 Global Notes at the close of business on the fifteenth day (whether or not
a Business Day) immediately preceding the related Interest Payment Date.
Interest on the 2014 Global Notes will accrue from and including February 26,
2009, to but excluding the first Interest Payment Date and then from and
including the immediately preceding Interest Payment Date to which interest has
been paid or duly provided for to but excluding the next Interest Payment Date
or Maturity date, as the case may be. Interest on the 2014 Global Notes will be
paid on the basis of a 360-day year comprised of twelve 30-day months. If an
Interest Payment Date on the 2014 Global Notes falls on a date that is not a
Business Day, the Interest Payment Date shall be postponed to the next
succeeding Business Day.

 

9.          The Global Notes shall
be issued in the form of one or more Global Securities (the “Global Securities”).  So long as the Global Notes shall be issued
in whole in the form of the Global Securities, the principal of, premium, if
any, and interest, if any, on the Global Notes shall be paid in immediately
available funds to the Depositary or a nominee of the Depositary.  If at any time the Global Notes are no longer
represented by the Global Securities and are issued in definitive form (“Certificated Securities”), then the
principal of, premium, if any, and interest, if any, on each Certificated
Security at Maturity shall be paid to the Holder upon surrender of such
Certificated Security at the office or agency maintained by the Company in the
Borough of Manhattan, The City of New York (which shall initially be the office
of The Bank of New York, an affiliate of The Bank of New York Mellon Trust
Company, N.A., the Trustee), provided that such Certificated Security is
surrendered to the Trustee, acting as Paying Agent, in time for the Paying
Agent to make such payments in such funds in accordance with its normal
procedures.  Payments of interest with
respect to Certificated Securities other than at Maturity may, at the option of
the Company, be made by check mailed to the address of the Person entitled
thereto as it appears on the Security Register on the relevant Regular or
Special Record Date or by wire transfer in same day funds to such account as
may have been appropriately designated to the Paying Agent by such Person in
writing not later than such relevant Regular or Special Record Date.  Each payment of principal, premium, if any,
and interest, if any, shall be made in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of
public and private debts.  Transfer of
the Global Notes shall be registrable on the Securities Register upon the
surrender of the Global Notes for registration of transfer at the office or agency
maintained by the Company in the Borough of Manhattan, The City of New York
(which shall initially be the office of The Bank of New York, an affiliate of
The Bank of New York Mellon Trust Company, N.A., the Trustee).

 

10.        The Fixed Rate Global
Notes are subject to redemption at the option of the Company.

 

11.        The Company will have the
right to redeem the Fixed Rate Global Notes, in whole or in part, on at least
30 days’ but no more than 60 days’ prior written notice mailed to the
registered holders of the Fixed Rate Global Notes to be redeemed.  The redemption price will be equal to the
greater of (1) 100% of the principal amount of the Securities to be
redeemed and (2) the sum of the present value of the principal amount of
the Securities to be redeemed and the remaining scheduled 

 

4

 

payments of
interest thereon from the Redemption Date to the Maturity Date discounted from
the scheduled payment dates to the Redemption Date on a semi-annual basis at
the treasury rate plus 45 basis points in the case of the 2012 Global Notes and
45 basis points in the case of the 2014 Global Notes, plus accrued and unpaid
interest on the principal amount being redeemed to, but excluding, the
Redemption Date.

 

If money sufficient to
pay the redemption price of and accrued interest on the Fixed Rate Global Notes
(or portions thereof) to be redeemed on the redemption date is deposited with
the Trustee or Paying Agent on or before the redemption date and certain other
conditions are satisfied, then on and after the redemption date, interest will
cease to accrue on the Fixed Rate Global Notes (or such portion thereof) called
for redemption and such Fixed Rate Global Notes will cease to be
outstanding.  If any redemption date is
not a Business Day, the Company will pay the redemption price on the next
Business Day without any interest or other payment due to the delay.

 

If fewer than all of the
Fixed Rate Global Notes in one series are to be redeemed, the Trustee will
select the Fixed Rate Global Notes in that series for redemption on a pro rata
basis, by lot or by such other method as the Trustee deems appropriate and
fair.  No Fixed Rate Global Notes of
$2,000 or less will be redeemed in part.

 

12.        The Global Notes are not
subject to any sinking fund or analogous provisions.  The Floating Rate Global Notes will not be
redeemable at the option of the Holder thereof prior to Maturity.

 

13.        The Global Notes shall be
issuable only in denominations of $2,000 and any integral multiples of $1,000
in excess thereof.

 

14.        Except as otherwise
provided herein, the amount of payments of principal of, or any premium or
interest on the Global Notes may not be determined with reference to an index,
formula or other method.

 

15.        The Global Notes may be
purchased only in currency of the United States and payment of principal of,
premium, if any, and interest on the Global Notes will only be made in currency
of the United States.

 

16.        The payment of principal
of, premium, if any, or interest on the Global Notes will not be payable at the
option of the Company or the Holder in any currency or currency units other
than in the currency of the United States.

 

17.        One hundred percent (100%)
of the principal amount of all or any series of the Global Notes will be
payable upon declaration of acceleration of the Maturity of such series of the
Global Notes pursuant to Section 502 of the Indenture.

 

18.        The aggregate principal
amount payable at Stated Maturity of the Floating Rate Global Notes is
$275,000,000, of the 2012 Global Notes is $1,000,000,000 and of the 2014 Global
Notes is $1,500,000,000.

 

5

 

19.        The defeasance and
covenant defeasance provisions of Article Thirteen of the Indenture will
apply to each series of the Global Notes.

 

20.        The Global Notes may not
be converted into other securities or property.

 

21.        The Depositary for the
Global Notes shall be The Depository Trust Company, a New York Corporation (“DTC”).  The Global Notes will be represented by one
or more Global Securities registered in the name of DTC or Cede & Co.,
as a nominee of DTC.  Except as set forth
in Section 305 of the Indenture, such Global Securities may be
transferred, in whole and not in part, only to DTC or another nominee of DTC.

 

22.        There are no Events of
Default with respect to the Global Notes that are in addition to the Events of
Default contained in the Indenture.

 

23.        The Global Notes are not
subject to any guarantee with respect to the payments of principal, premium, if
any, or interest.

 

24.        The Global Notes are unsecured.

 

25.        Sections 1008 and
1009 of the Indenture will apply to the Global Notes without variation.

 

In rendering this
Officers’ Certificate, each of undersigned has read the Indenture, including
Sections 102, 201, 301 and 303 thereof, and has made such examinations and
investigations which, in his or her opinion, are necessary to enable such
person to express an informed opinion as to whether all covenants and
conditions required under the Indenture to be complied with or satisfied in
connection with the Trustee’s authentication and delivery of the Global Notes,
have been complied with or satisfied, and, in such person’s opinion, all such
covenants and conditions have been complied with and satisfied.

 

Attached hereto as Exhibits B-1,
B-2 and B-3 are the forms of Global Security for the Global
Notes.  We further approve all of the
terms and conditions set forth on or referred to in the attached form of Global
Security.  In the event that Certificated
Securities are issued in exchange for a Global Security, the form of
certificate evidencing the Certificated Security shall be in substantially the
form of Global Security, with such grammatical and other changes as are
necessary to evidence the Certificated Securities in definitive form rather
than as Global Securities.

 

Capitalized terms used
herein that are not otherwise defined herein shall have the meanings assigned
to them in the Indenture.

 

[Remainder of this page intentionally
left blank]

 

6

 

IN WITNESS WHEREOF, the
undersigned have executed this certificate as of the date first written above.

 

	
   

  	
  HEWLETT-PACKARD COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
    /s/ Bruce Ives

  
	
   

  	
   

  	
  Bruce
  Ives

  
	
   

  	
   

  	
  Vice
  President, Deputy General Counsel

  and Assistant Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Scott D. Bilter

  
	
   

  	
   

  	
  Scott
  D. Bilter

  
	
   

  	
   

  	
  Vice
  President, Corporate TreasuryExhibit 10.2.2

 

[EXECUTION
COPY]

 

SECOND AMENDMENT TO CREDIT AGREEMENT

 

This SECOND
AMENDMENT TO CREDIT AGREEMENT, dated as of July 22, 2008 (this
“Amendment”), among (i) WHITE
MOUNTAINS INSURANCE GROUP, LTD., a company existing under the laws
of Bermuda (the “Borrower”), (ii) the undersigned Lenders, and (iii) BANK OF AMERICA, N.A., as administrative
agent for the Lenders (in such capacity, the “Administrative Agent”),
amends certain provisions of the Credit Agreement, dated as of June 19,
2007 (as amended, the “Credit Agreement”), among the Borrower, the
Lenders, Bank of America, N.A., as Administrative Agent, Swing Line Lender and
the Issuing Lender, and Lehman Brothers Inc., as Syndication Agent.  Capitalized terms used herein without definition
shall have the meanings assigned to such terms in the Credit Agreement.

 

RECITALS

 

WHEREAS, the Borrower
has requested that the undersigned Lenders and the Administrative Agent agree
to amend certain of the terms and provisions of the Credit Agreement, as
specifically set forth in this Amendment; and

 

WHEREAS, the
undersigned Lenders and the Administrative Agent are prepared to amend the
Credit Agreement on the terms, subject to the conditions and in reliance on the
representations set forth herein.

 

NOW THEREFORE, in
consideration of the mutual agreements contained in the Credit Agreement and
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:

 

Section 1.                                          Amendment
to Credit Agreement.

 

(a)                                  Amendments to Section 7.2(b) (Limitation
on Indebtedness).  Section 7.2(b) of
the Credit Agreement is hereby amended by restating such Section in its
entirety as follows:

 

“At
any time when OneBeacon Limited is required to be consolidated on the balance
sheet of the Borrower in accordance with GAAP, the Borrower will not permit
OneBeacon Limited to create, incur or assume any Indebtedness, which, at the
time such Indebtedness is created, incurred or otherwise assumed, would cause
the OneBeacon Limited Debt to Capitalization Ratio, on a pro forma basis as of
the end of the most recently completed fiscal quarter for which financial
statements have been delivered to the Administrative Agent pursuant to Section 6.1(b) (giving
effect to such Indebtedness and all other Indebtedness created, incurred or
otherwise assumed by OneBeacon Limited since the end of such fiscal quarter),
to be greater than thirty-seven and one half of one percent (37.5%).”

 

Section 2.                                          Conditions
Precedent.  This
Amendment shall become effective as of the date first written above upon (a) execution
hereof by the Borrower, the Guarantors, the Administrative Agent and the
Majority Lenders, and (b) the Administrative Agent’s receipt from 

 

 

all required parties of
counterparts to the First Amendment to that certain Credit Agreement, dated as
of November 14, 2006, among (i) Fund American Companies, Inc., a
Delaware corporation, (ii) OneBeacon Insurance Group, Ltd., a company
existing under the laws of Bermuda, (iii) the lenders party thereto, and (iv) Bank
of America, N.A., as administrative agent for such lenders.

 

Section 3.                                          Continued
Validity of Loan Documents.  Except for the amendments to the Credit
Agreement set forth in Section 1 hereof, this Amendment shall not, by
implication or otherwise, limit, impair, constitute a waiver of or otherwise
affect any rights or remedies of the Administrative Agent or any Lender under
any of the Loan Documents, nor alter, modify, amend or in any way affect any of
the rights, remedies, obligations or any covenants of the Borrower or any
Guarantor contained in any of the other Loan Documents, all of which are
ratified and confirmed in all respects and shall continue in full force and
effect.

 

Section 4.                                          Representations
and Warranties.  Each of the
Borrower and the Guarantors (each, a “Loan Party”) hereby represents and
warrants to the Administrative Agent and the Lenders as follows:

 

(a)                                  Due
Execution and Authorization; Legal, Valid and Binding Obligation.  This Amendment has been duly executed and
delivered by such Loan Party.  The
execution and delivery and performance by such Loan Party of this Amendment is
within such Person’s corporate powers and has been duly authorized by all
necessary action on its part.  This
Amendment, the Credit Agreement as amended hereby and all other Loan Documents
to which such Person is a party constitute the legal, valid and binding
obligations of such Person, enforceable against such Person in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar Laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law).

 

(b)                                 No
Legal Bar.  The execution and
delivery by such Loan Party of this Amendment and the performance by such
Person of this Amendment and the Credit Agreement as amended hereby, will not
violate any Requirement of Law or any Contractual Obligation of such Loan Party
or any of its Subsidiaries and will not result in, or require, the creation or
imposition of any Lien on any of their respective properties or revenues
pursuant to any Requirement of Law or any such Contractual Obligation, except
to the extent such violation or Lien could not, in the aggregate, reasonably be
expected to have a Material Adverse Effect.

 

(c)                                  Representations
and Warranties in Loan Documents. 
All representations and warranties of each Loan Party set forth in the
Credit Agreement and in any other Loan Document are true and correct in all
material respects on and as of the date hereof to the same extent as though
made on and as of such date, except to the extent such representations and
warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true and correct in all material
respects on and as of such earlier date.

 

(d)                                 No
Default.  No Default or Event of
Default has occurred and is continuing.

 

2

 

Section 5.                                          Ratification.  Except as expressly amended or waived hereby,
the Credit Agreement, the other Loan Documents and all documents, instruments
and agreements related thereto, are hereby ratified and confirmed in all
respects and shall continue in full force and effect.  The Credit Agreement, together with this
Amendment, shall be read and construed as a single agreement.  All references in the Loan Documents to the
Credit Agreement or any other Loan Document shall hereafter refer to the Credit
Agreement or any other Loan Document as amended hereby.

 

Section 6.                                          Counterparts;
Integration; Effectiveness.  This
Amendment may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of
which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a
signature page to this Amendment by telecopier (or electronic mail (in PDF
format)) shall be effective as delivery of a manually executed counterpart of
this Amendment.

 

Section 7.                                          Miscellaneous.  This
Amendment constitutes the entire agreement of the parties with respect to the
subject matter hereof and supersedes any prior understandings or agreements
which may have existed with respect thereto. 
Except as expressly provided herein, this Amendment shall not, by
implication or otherwise, limit, impair, constitute a waiver of or otherwise
affect any rights or remedies of the Administrative Agent or any Lender under
the Credit Agreement or the other Loan Documents, nor alter, modify, amend or
in any way affect any of the obligations or covenants contained in the Credit
Agreement or any of the other Loan Documents, all of which are ratified and
confirmed in all respects and shall continue in full force and effect.  To the extent there is any inconsistency
between the terms and provisions of any Loan Document and the terms and
provisions of this Amendment, the terms and provisions of this Amendment shall
govern.  The headings used in this
Amendment are for convenience of reference only and shall not in any way be
deemed to limit, define or describe the scope and intent of this Amendment or
any provision hereof.  This Amendment
shall be binding upon and inure to the benefit of the Administrative Agent,
each of the Lenders and each of the Loan Parties, and to each of their
respective successors in title and assigns. 
This Amendment may not be modified or amended except in a manner
permitted by Section 10.1 of the Credit Agreement.  In making proof of this Amendment, it shall
not be necessary to produce or account for more than one such counterpart.

 

Section 8.                                          Costs and Expenses. 
Pursuant to Section 10.5 of the Credit Agreement, all reasonable
out-of-pocket costs and expenses incurred or sustained by the Administrative
Agent in connection with this Amendment, including all Attorney Costs of the
Administrative Agent in producing, reproducing and negotiating this Amendment,
will be for the account of the Borrower whether or not this Amendment is
consummated.

 

Section 9.                                          Governing Law.  THIS
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK (EXCLUDING THE LAWS APPLICABLE TO CONFLICTS OR
CHOICE OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAW OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY).

 

3

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
and delivered as of the date first above written.

 

	
   

  	
  Borrower:

  
	
   

  	
   

  
	
   

  	
  WHITE MOUNTAINS INSURANCE GROUP,

  LTD.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second
Amendment to Credit Agreement

 

 

	
   

  	
  BANK OF AMERICA, N.A.,
  as

  
	
   

  	
  Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit Agreement

 

 

	
   

  	
  BANK OF AMERICA, N.A.,
  as

  
	
   

  	
  a Lender, Issuing Lender and Swing Line Lender

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit Agreement

 

 

	
   

  	
  LEHMAN BROTHERS BANK, FSB,
  as

  
	
   

  	
  a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit Agreement

 

 

	
   

  	
  BNP PARIBAS, as

  
	
   

  	
  a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit Agreement

 

 

	
   

  	
  THE BANK OF NEW YORK,
  as

  
	
   

  	
  a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit Agreement

 

 

	
   

  	
  THE BANK OF TOKYO-MITSUBISHI UFJ.

  LTD., NEW YORK BRANCH, as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit Agreement

 

 

	
   

  	
  DEUTSCHE
  BANK AG NEW YORK

  BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

	
   

  	
  HSBC BANK
  USA, N.A., as

  
	
   

  	
  a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

	
   

  	
  JP MORGAN
  CHASE BANK, N.A.,
  as

  
	
   

  	
  a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

	
   

  	
  MELLON
  BANK, N.A., as

  
	
   

  	
  a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

	
   

  	
  PNC BANK, as

  
	
   

  	
  a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

	
   

  	
  THE ROYAL
  BANK OF SCOTLAND,

  PLC, as a Lender

  
	
   

  	
   

  
	
   

  	
  By: GREENWICH CAPITAL
  MARKETS,

  INC., as agent for The Royal Bank of

  Scotland plc

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

	
   

  	
  STATE
  STREET BANK AND TRUST

  COMPANY, as a
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

	
   

  	
  WELLS
  FARGO BANK, NATIONAL

  ASSOCIATION, as a
  Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

Second Amendment to Credit
Agreement

 

 

RATIFICATION OF GUARANTY

 

Each of the undersigned
Guarantors hereby (a) acknowledges and consents to the foregoing Amendment
and the Borrower’s execution thereof, (b) joins the foregoing Amendment
for the sole purpose of consenting to and being bound by the provisions of
Sections 4 and 5 thereof and (c) ratifies and confirms all of their
respective obligations and liabilities under the Loan Documents to which any of
them is a party and ratifies and confirms that such obligations and liabilities
extend to and continue in effect with respect to, and continue to guarantee the
obligations of the Borrower under the Loan Documents.

 

	
   

  	
  WHITE
  MOUNTAINS HOLDINGS 

  BERMUDA LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LONE TREE
  INSURANCE GROUP LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LONE TREE
  HOLDINGS LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

Second Amendment to Credit
Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}]]