Document:

Exhibit 10.1

 

Prosight
global, inc.

 

STOCKHOLDERS’
AGREEMENT

 

Dated as of [●], 2019

 

     

     

    

 

Table of
Contents

 

	 	 	Page
	 	 	 
	Article I DEFINITIONS	1
	 	 	 
	Section 1.1.	Definitions	1
	 	 	 
	Section 1.2.	General Interpretive Principles	5
	 	 	 
	Article II REPRESENTATIONS AND WARRANTIES	5
	 	 	 
	Section 2.1.	Representations and Warranties of the Investors	5
	 	 	 
	Section 2.2.	Entitlement of the Company and the Investors to Rely on Representations and Warranties	6
	 	 	 
	Article III ORGANIZATIONAL DOCUMENTS	6
	 	 	 
	Section 3.1.	Certificate of Incorporation	6
	 	 	 
	Section 3.2.	By-Laws	6
	 	 	 
	Article IV MANAGEMENT	6
	 	 	 
	Section 4.1.	Board of Directors.	6
	 	 	 
	Section 4.2.	Investor Director Designees	7
	 	 	 
	Section 4.3.	Non-Designee Directors.	8
	 	 	 
	Section 4.4.	Board Committees.	8
	 	 	 
	Section 4.5.	Application of Advance Notice By-Law.	9
	 	 	 
	Article V REGISTRATION RIGHTS; TRANSFER RESTRICTIONS	9
	 	 	 
	Section 5.1.	Registration Rights	9
	 	 	 
	Section 5.2.	Coordination Committee	9
	 	 	 
	Section 5.3.	Transfer Restrictions.	10
	 	 	 
	Article VI ADDITIONAL AGREEMENTS OF THE PARTIES	10
	 	 
	Section 6.1.	VCOC Rights	10
	 	 	 
	Section 6.2.	No Promotion	10
	 	 	 
	Section 6.3.	Exculpation Among Investors	11
	 	 	 
	Section 6.4.	No Fiduciary Duty; Investment Banking Services	11
	 	 	 
	Section 6.5.	Logo of the Company and its Subsidiaries	11

 

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	Section 6.6.	Regulatory Matters	11
	 	 	 
	Section 6.7.	Banking Regulation Compliance Covenants	11
	 	 	 
	Section 6.8.	In-Kind Distributions	13
	 	 	 
	Article VII ADDITIONAL PARTIES	14
	 	 	 
	Section 7.1.	Additional Parties	14
	 	 	 
	Article VIII MISCELLANEOUS	14
	 	 	 
	Section 8.1.	Freedom to Pursue Opportunities	14
	 	 	 
	Section 8.2.	Effective Time	15
	 	 	 
	Section 8.3.	Entire Agreement	15
	 	 	 
	Section 8.4.	Governing Law; Submission to Jurisdiction; Waiver of Jury Trial	15
	 	 	 
	Section 8.5.	Obligations; Remedies	16
	 	 	 
	Section 8.6.	Consent of the Investors	16
	 	 	 
	Section 8.7.	Amendment and Waiver	16
	 	 	 
	Section 8.8.	Binding Effect	17
	 	 	 
	Section 8.9.	Termination	17
	 	 	 
	Section 8.10.	Non-Recourse	17
	 	 	 
	Section 8.11.	Notices	18
	 	 	 
	Section 8.12.	Severability	19
	 	 	 
	Section 8.13.	No Third-Party Beneficiaries	20
	 	 	 
	Section 8.14.	Recapitalizations; Exchanges, Etc.	20
	 	 	 
	Section 8.15.	Counterparts	20

 

	Exhibit A –	Form of Registration Rights Agreement
	 	 
	Exhibit B –	Form of Director & Officer Indemnification Agreement
	 	 
	Schedule A –	Initial Ownership Interest
	 	 
	Annex A –	Form of Amended and Restated Certificate of Incorporation
	 	 
	Annex B –	 Form of Amended and Restated By-Laws
	 	 
	Annex C –	Form of Corporate Governance Guidelines for the Board of Directors
	 	 
	Annex D –	Form of Audit Committee Charter
	 	 
	Annex E –	Form of Compensation Committee Charter

 

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	Annex F –	Form of Nominating and Corporate Governance Committee Charter
	 	 
	Annex G –	Form of Investment Committee Charter
	 	 
	Annex H –	Form of Risk Committee Charter

 

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STOCKHOLDERS’
AGREEMENT

 

This STOCKHOLDERS’ AGREEMENT is made
as of [●], 2019, among ProSight Global, Inc., a Delaware corporation (together with its successors and assigns, the “Company”),
ProSight Parallel Investment LLC, a Delaware limited liability company, ProSight Investment LLC, a Delaware limited liability company
(each a “GS Investor”, and, collectively, the “GS Investors”), ProSight TPG, L.P., a Delaware
limited partnership, TPG PS 1, L.P., a Cayman limited partnership, TPG PS 2, L.P., a Cayman limited partnership, TPG PS 3, L.P.,
a Cayman limited partnership and TPG PS 4, L.P., a Cayman limited partnership (each a “TPG Investor”, and, collectively,
the “TPG Investors”, and, together with the GS Investors, the “Investors”).

 

WHEREAS, in connection with an initial public
offering (the “IPO”) of shares of common stock, par value $0.01 per share, of the Company (the “Shares”),
the parties hereto desire to enter into this Agreement to govern certain of their rights, duties and obligations with respect to
the Investors’ ownership of Shares after consummation of the IPO;

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements contained herein, the parties mutually agree as follows:

 

Article
I

DEFINITIONS

 

Section 1.1.    Definitions.
As used in this Agreement, the following terms shall have the meanings set forth below:

 

“Adverse Person” has the
meaning set forth in Section 5.3(b).

 

“Affiliate” means, with
respect to any Person, any other Person that directly or indirectly, controls, is controlled by or is under common control with
such Person. The term “control” (including the terms “controlled by” and “under
common control with”) as used with respect to any Person, means the power to direct or cause the direction of the management
and policies of such Person, directly or indirectly, whether through the ownership of voting securities, as trustee or executor,
by contract or otherwise to control such Person within the meaning of such term as used in Rule 405 under the Securities Act. “Controlled”
and “controlling” have meanings correlative to the foregoing. Notwithstanding the foregoing, for purposes hereof,
(a) none of the Investors, the Company nor any of their respective Subsidiaries shall be considered Affiliates of any portfolio
operating company in which the Investors or any of their investment fund Affiliates have made a debt or equity investment solely
as a result of such investment and (b) no Person registered as an investment company under the Investment Company Act of 1940,
as amended, to whom an Affiliate of any Investor serves as investment adviser shall be considered an Affiliate of such Investor
solely as a result of such Affiliate serving as such company’s investment adviser.

 

“Affiliated” shall have
a correlative meaning to the term “Affiliate.”

 

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“Agreement” means this
Stockholders’ Agreement, as the same may be amended, supplemented, restated or modified.

 

“Amended and Restated By-Laws”
has the meaning set forth in Section 3.2.

 

“Banking Regulations” means
all federal, state and foreign Laws applicable to banks, bank holding companies and their Subsidiaries and Affiliates, including,
in each case as amended, the BHC Act, the Federal Reserve Act of 1913 and the Dodd-Frank Wall Street Reform and Consumer Protection
Act of 2011.

 

“Beneficial Ownership”
and “beneficially own” and similar terms have the meaning set forth in Rule 13d-3 under the Exchange Act;
provided, however, that no Investor shall be deemed to beneficially own any securities of the Company held by any
other Investor solely by virtue of the provisions of this Agreement (other than this definition).

 

“BHC Act” means the Bank
Holding Company Act of 1956.

 

“Board” means the Board
of Directors of the Company.

 

“Business Day” means any
day, other than a Saturday, Sunday or one on which banks are authorized by law to be closed in New York, New York.

 

“Change in Control” means
the occurrence of any of the following events:

 

(a)       the
sale or disposition, in one or a series of related transactions, of all or substantially all, of the assets of the Company to any
“person” or “group” (as such terms are defined in Section 13(d)(3) of the Exchange Act), other than
to any of the Investors or any of their respective Affiliates (collectively, the “Permitted Holders”);
or

 

(b)       any
person or group, other than the Permitted Holders, is or becomes the Beneficial Owner, directly or indirectly, of more than fifty
percent (50%) of the total voting power of the voting stock of the Company (or any entity which controls the Company, or which
is a successor to all or substantially all of the assets of the Company), including by way of merger, recapitalization, reorganization,
redemption, issuance of capital stock, consolidation, tender or exchange offer or otherwise; or

 

(c)       a
merger of the Company with or into another Person (other than the Permitted Holders) in which the voting stockholders of the Company
immediately prior to such merger cease to hold at least fifty percent (50%) of the voting securities of the surviving entity or
ultimate parent entity (in each case, including the Company) immediately following such merger;

 

provided that, in each case under clause (a),
(b) or (c), no Change in Control shall occur unless the Permitted Holders in such transaction cease to have
the ability, without the approval of any Person who is not a Permitted Holder, to elect more directors of the Company (or any resulting
entity) than any other stockholder or group of Affiliated stockholders.

 

“Chosen Courts” has the
meaning set forth in Section 8.4(b).

 

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“Company” has the meaning
set forth in the Preamble.

 

“Coordination Committee”
has the meaning set forth in Section 5.2.

 

“Encumbrance” means any
charge, claim, community or other marital property interest, right of first option, right of first refusal, mortgage, pledge, lien
or other encumbrance.

 

“Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be amended from
time to time.

 

“Federal Reserve” means
the Board of Governors of the Federal Reserve System.

 

“First Threshold Date”
has the meaning set forth in Section 4.2(a).

 

“Governmental Authority”
means any United States or foreign government, any state or other political subdivision thereof, any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining to government, including the SEC, or any other authority,
agency, department, board, commission or instrumentality of the United States, any State of the United States or any political
subdivision thereof or any foreign jurisdiction, and any court, tribunal or arbitrator(s) of competent jurisdiction, and any United
States or foreign governmental or non-governmental self-regulatory organization, agency or authority.

 

“GS Investors” has the
meaning set forth in the Preamble.

 

“Independent” means “independent”
as set forth in Section 303A.02 of the NYSE Manual, otherwise in the NYSE Manual or in any applicable rules of an exchange on which
the securities of the Company are listed and, with respect to the audit committee of the Board, also “independent”
as set forth in Rule 10A-3 under the Exchange Act.

 

“Initial Ownership Interest”
means, with respect to any Investor, the number of Shares held by such Investor immediately prior to completion of the IPO (as
set forth in Schedule A hereto).

 

“Investor” has the meaning
set forth in the Preamble.

 

“Investor Director Designee”
has the meaning set forth in Section 4.2(a).

 

“Investor Group” means
the GS Investors or the TPG Investors, as applicable.

 

“IPO” has the meaning set
forth in the Recitals.

 

“Law,” with respect to
any Person, means (a) all provisions of all laws, statutes, ordinances, rules, regulations, permits, certificates or orders
of any Governmental Authority applicable to such Person or any of its assets or property or to which such Person or any of its
assets or property is subject, including Banking Regulations, and (b) all judgments, injunctions, orders and decrees of any
Governmental Authority in proceedings or actions in which such Person is a party or by which it or any of its assets or properties
is or may be bound or subject.

 

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“New Activity” has the
meaning set forth in Section 6.7(b).

 

“Non-Designee Director”
has the meaning set forth in Section 4.3(a).

 

“NYSE Manual” means the
New York Stock Exchange Listed Company Manual.

 

“Permitted Holders” has
the meaning set forth in the definition of “Change in Control.”

 

“Permitted Transferee”
means with respect to any Investor, any Affiliate of such Investor.

 

“Person” means an individual,
partnership, corporation, business trust, joint stock company, trust, unincorporated association, joint venture, limited liability
company, Governmental Authority or any other entity or organization of whatever nature, and shall include any successor (by merger
or otherwise) of such entity or organization.

 

“Plan Asset Regulations”
means the regulations issued by the U.S. Department of Labor at Section 2510.3-101 of Part 2510 of Chapter XXV, Title 29 of the
Code of Federal Regulations, or any successor regulations.

 

“Registration Rights Agreement”
has the meaning set forth in Section 5.1.

 

“Rule 144” means Rule 144
under the Securities Act (or any successor rule or regulation).

 

“SEC” means the United
States Securities and Exchange Commission.

 

“Second Threshold Date”
has the meaning set forth in Section 4.2(b).

 

“Securities Act” means
the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as the same may be amended from time
to time.

 

“Shares” has the meaning
set forth in the Recitals.

 

“Subsidiary” means, with
respect to any Person, any corporation, partnership, trust, limited liability company or other non-corporate business enterprise
in which such Person (or another Subsidiary of such Person) holds shares, stock or other ownership interests representing (a) more
than fifty percent (50%) of the voting power of all outstanding shares, stock or ownership interests of such entity, (b) the
right to receive more than fifty percent (50%) of the net assets of such entity available for distribution to the holders of outstanding
shares, stock or ownership interests upon a liquidation or dissolution of such entity or (c) a general or managing partnership
interest in such entity.

 

“TPG Investors” has the
meaning set forth in the preamble.

 

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“Transfer” means, with
respect to any Shares, a direct or indirect transfer (including through one or more transfers), sale, exchange, assignment, pledge,
hypothecation or other Encumbrance or other disposition of such Shares, including the grant of an option or other right, whether
directly or indirectly, whether voluntarily, involuntarily or by operation of law; provided, that a Transfer shall not include
any a direct or indirect transfer (including through one or more transfers), sale, exchange, assignment, pledge, hypothecation
or other Encumbrance or other disposition of Shares as a result of a direct or indirect transfer (including through one or more
transfers), sale, exchange, assignment, pledge, hypothecation or other Encumbrance or other disposition of an interest in The Goldman
Sachs Group, Inc. or TPG Partners VI, L.P., TPG VI DFI AIV I, L.P., TPG VI DFO AIV II, L.P. or TPG FOF VI SPV, L.P., including
the grant of an option or other right, whether directly or indirectly, whether voluntarily, involuntarily or by operation of law.

 

“Transferred,” “Transferring”
and “Transferee” shall each have a correlative meaning to the term “Transfer.”

 

“VCOC Entity” has the meaning
set forth in Section 6.1.

 

Section 1.2.     General
Interpretive Principles. The name assigned to this Agreement and the section captions used herein are for convenience of reference
only and shall not be construed to affect the meaning, construction or effect hereof. References to this Agreement shall include
all Exhibits, Schedules and Annexes to this Agreement. References to any statute or regulation refer to such statute or regulation
as amended, modified, supplemented or replaced from time to time (and, in the case of statutes, include any rules and regulations
promulgated under the statute) and references to any section of any statute or regulation include any successor to such section.
References to any Governmental Authority include any successor to such Governmental Authority. Unless otherwise specified, the
terms “hereof,” “herein” and similar terms refer to this Agreement as a whole. For purposes
of this Agreement, the words, “include,” “includes” and “including,”
when used herein, shall be deemed in each case to be followed by the words “without limitation.” The terms
defined in the singular have a comparable meaning when used in the plural, and vice versa. The terms “dollars”
and “$” shall mean United States dollars. The parties hereto have participated jointly in the negotiation and
drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as
if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of
the authorship of any provision of this Agreement.

 

Article
II

REPRESENTATIONS AND WARRANTIES

 

Section 2.1.     Representations
and Warranties of the Investors. Each Investor, severally and not jointly, hereby
represents and warrants to the Company, and each other Investor that as of the date hereof and as of the date of the consummation
of the IPO:

 

(a)       This
Agreement has been duly authorized, executed and delivered by such Investor and, assuming the due execution and delivery of this
Agreement by the other parties hereto, this Agreement constitutes a valid and binding obligation of such Investor, enforceable
against such Investor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency,
fraudulent transfer, moratorium, reorganization or similar Laws of general applicability relating to or affecting the rights of
creditors generally and subject to general principles of equity (regardless of whether enforcement is considered in a proceeding
in equity or at law).

 

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(b)       The
execution, delivery and performance by such Investor of this Agreement and the agreements contemplated hereby and the consummation
by such Investor of the transactions contemplated hereby do not and will not, with or without the giving of notice or the passage
of time or both: (i) violate the provisions of any Law applicable to such Investor or its properties or assets or (ii) result
in any breach of any terms or conditions of, or constitute a default under, any contract, agreement or instrument to which such
Investor is a party or by which such Investor or his or her properties or assets are bound.

 

Section 2.2.     Entitlement
of the Company and the Investors to Rely on Representations and Warranties. The representations and warranties contained in
Section 2.1 may be relied upon by the Company, and by the other Investors, in connection with the entering into of this
Agreement.

 

Article
III

ORGANIZATIONAL DOCUMENTS

 

Section 3.1.     Certificate
of Incorporation. The Company shall, prior to the consummation of the IPO, file
with the Secretary of State of the State of Delaware, and cause to become effective, the Amended and Restated Certificate of Incorporation
of the Company, the form of which is attached hereto as Annex A.

 

Section 3.2.     By-Laws.
The Board shall, prior to the consummation of the IPO, adopt the Amended and Restated By-Laws of the Company (the “Amended
and Restated By-Laws”), the form of which is attached hereto as Annex B.

 

Article
IV

MANAGEMENT

 

Section 4.1.     Board
of Directors.

 

(a)       Upon
the consummation of the IPO and subject to Section 4.2 and Section 4.3, the Board shall consist of the following
eleven (11) members: (i) Lawrence Hannon, the Chief Executive Officer of the Company, (ii) Sumit Rajpal and Anthony Arnold, as
the initial Investor Director Designees of the GS Investors, (iii) Eric W. Leathers and Richard P. Schifter, as the initial Investor
Director Designees of the TPG Investors, (iv) Steven Carlsen, Clement S. Dwyer, Sheila Hooda, Bruce W. Schnitzer and Otha T. Spriggs,
III, as the initial Non-Designee Directors and (v) Joseph J. Beneducci, the Executive Chairman of the Board.

 

(b)       The
Company and its Subsidiaries shall reimburse the directors for all reasonable out-of-pocket expenses incurred in connection with
their attendance at meetings of the Board or the board of directors of any of the Company’s Subsidiaries, and any committees
thereof, including travel, lodging and meal expenses, in accordance with the Company’s reimbursement policies.

 

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(c)       The
Company and its Subsidiaries shall obtain customary director and officer indemnity insurance on commercially reasonable terms which
insurance shall cover each director and the members of each board of directors (or equivalent governing body) of each of the Company’s
Subsidiaries. The Company and its Subsidiaries shall enter into director and officer indemnification agreements substantially in
the form attached as Exhibit B hereto, with each director.

 

Section 4.2.     Investor
Director Designees.

 

(a)       Until
the first date on which an Investor Group has Transferred, through one or more Transfers (other than Transfers to Permitted Transferees
that become party to this Agreement pursuant to Section 7.1), more than seventy-five percent (75%) of its aggregate Initial
Ownership Interests (such date with respect to the GS Investors or the TPG Investors, as the case may be, the “First Threshold
Date”), such Investor Group shall have the right to designate two (2) individuals for election to the Board (any individual
designated by an Investor Group, an “Investor Director Designee”).

 

(b)       From
the First Threshold Date with respect to an Investor Group and until the first date on which such Investor Group has Transferred,
through one or more Transfers (other than Transfers to Permitted Transferees that become party to this Agreement pursuant to Section
7.1), more than ninety percent (90%) of its aggregate Initial Ownership Interests (such date with respect to the GS Investors
or the TPG Investors, as the case may be, the “Second Threshold Date”), such Investor Group shall have the right
to designate only one (1) Investor Director Designee.

 

(c)       From
and after the Second Threshold Date with respect to an Investor Group, such Investor Group shall have no rights to designate Investor
Director Designees.

 

(d)       The
Company shall include each Investor Director Designee among the Company’s and its directors’ nominees for election
to the Board at all of the Company’s applicable annual or special meetings of stockholders (or actions by written consent)
at which directors are to be elected, subject to satisfaction of the requirements of Law and the Company’s organizational
and governance documents regarding service as a director of the Company.

 

(e)       Except
as provided in Section 4.2(d), if the number of individuals that either the GS Investors or the TPG Investors have the right
to designate for election to the Board is decreased pursuant to Section 4.2(b) or Section 4.2(c), then the corresponding
number of directors designated by such Investor pursuant to the foregoing provisions of this Section 4.2 shall immediately
offer to resign from the Board. In the event that any Investor Director Designee offers to tender his or her resignation, the Board
shall promptly determine whether to accept such resignation and, if the Board chooses to accept such resignation, the Company and
the Investors shall be immediately required to take any and all actions necessary or appropriate to cooperate in ensuring the removal
of such individuals. Except as provided above, the GS Investors and the TPG Investors shall have the sole and exclusive right to
immediately remove their respective Investor Director Designees from the Board, as well as the exclusive right to designate the
individual to fill vacancies that are created by reason of death, removal or resignation of such Investor Director Designees.

 

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(f)       To
the extent nominated or designated by the GS Investors or the TPG Investors, the Company and each of the other Investors shall
take all actions necessary and within their control and to the extent permissible by Law to cause the nomination, election, removal
or replacement of the Investor Director Designees as provided for herein, including (i) in the case of the Company, soliciting
proxies for each Investor Director Designee to the same extent it does so for its other director nominees, and (ii) in the
case of the Investors, voting the Shares held by such Investor (whether at a meeting or acting by written consent). No Investor
shall take any action with respect to the Company that would be inconsistent with the provisions of this Agreement.

 

Section 4.3.     Non-Designee
Directors.

 

(a)       At
all times following the consummation of the IPO, the Board shall include at least five (5) directors not Affiliated with and not
nominated or designated by the Investors or Affiliated with the Company (other than, in each case, in their capacity as directors)
who shall be Independent (the “Non-Designee Directors”).

 

(b)       At
all times following the consummation of the IPO, the Investors and the Company shall take all actions necessary and within their
control and to the extent permissible by Law to cause the Chief Executive Officer of the Company to serve as a director, including,
in the case of the Investors, voting the Shares held by such Investor (whether at a meeting or acting by written consent).

 

(c)       If
at any time following the consummation of the IPO the Chief Executive Officer of the Company or a director who is not Independent
serves as the Chairperson of the Board, the Board shall designate one (1) Non-Designee Director as the lead director, having such
responsibilities as shall be set forth in the Corporate Governance Guidelines for the Board, the form of which is attached hereto
as Annex C.

 

Section 4.4.     Board
Committees.  Upon the consummation of the IPO, the Board shall have established
the following committees:

 

(a)       An
audit committee having the responsibilities set forth in the Audit Committee Charter attached hereto as Annex D and which
shall at all times (i) consist of at least three (3) Independent directors and (ii) meet the requirements of Section 303A.07 of
the NYSE Manual and Rule 10A-3 under the Exchange Act.

 

(b)       A
compensation committee having the responsibilities set forth in the Compensation Committee Charter attached hereto as Annex
E and which shall at all times (i) consist of at least three (3) Independent directors, (ii) consist of at least a majority
of Non-Designee Directors and (iii) meet the requirements of Section 303A.05 of the NYSE Manual and Rule 10C-1 under the Exchange
Act, in each case without regard to any “controlled company” exemption.

 

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(c)       A
nominating and corporate governance committee having the responsibilities set forth in the Nominating and Corporate Governance
Committee Charter attached hereto as Annex F and which shall at all times (i) consist of at least three (3) Independent
directors, (ii) consist of at least a majority of Non-Designee Directors and (iii) meet the requirements of Section 303A.04 of
the NYSE Manual without regard to any “controlled company” exemption.

 

(d)       An
investment committee having the responsibilities set forth in the Investment Committee Charter attached hereto as Annex G
and which shall at all times consist of at least three (3) directors, at least one (1) of which shall be a Non-Designee Director.

 

(e)       A
risk committee having the responsibilities set forth in the Risk Committee Charter attached hereto as Annex H and which
shall at all times consist of at least three (3) directors, at least two (2) of which, including the chairperson of the committee,
shall be Non-Designee Directors.

 

Section 4.5.     Application
of Advance Notice By-Law. Until the first time that the Investors cease to beneficially
own, in the aggregate, at least fifty percent (50%) of the outstanding Shares, Section 1.11 of the Amended and Restated By-Laws
or any successor provision thereto, shall not be applicable to any matter brought before any annual or special meeting of stockholders
by an Investor Group; provided that, for the avoidance of doubt, each Investor Group shall provide reasonable advance
notice to the Company of such matter brought before any annual or special meeting of stockholders by such Investor Group prior
to (i) the date of such meeting; or (ii) in the event that the Company is required to solicit proxies for a nomination, election,
removal or replacement of an Investor Director Designee, the time the Company begins such solicitation pursuant to Section
4.2(f).

 

Article
V

REGISTRATION RIGHTS; TRANSFER RESTRICTIONS

 

Section 5.1.     Registration
Rights. Effective as of the consummation of the IPO, the Company shall grant to
each of the Investors, certain members of senior management of the Company or its Subsidiaries and certain other stockholders
of the Company, registration rights in substantially the same form as set forth in the form of Registration Rights Agreement attached
as Exhibit A hereto (the “Registration Rights Agreement”).

 

Section 5.2.     Coordination
Committee. Effective as of the consummation of the IPO, the Investors shall create a coordination committee (the “Coordination
Committee”), which shall not be a committee of the Board, and will maintain such committee for so long as this Agreement
remains in effect or until disbanded with the written consent of each Investor. During the period following the IPO, the Coordination
Committee shall facilitate coordination of (i) the exercise of registration rights pursuant to the Registration Rights Agreement,
(ii) dispositions of Shares held by the Investors pursuant to Rule 144 as provided in Section 5.3, or (iii) any
distributions of any Shares by any Investor to its investors as provided in Section 5.3(a). The GS Investors and the TPG
Investors will have the right to designate an equal number of members of the Coordination Committee and shall be permitted to
remove and replace such designees from time to time. The Company shall be permitted to designate one representative (who may,
but need not, be a director of the Company) to participate on the Coordination Committee. The procedures governing the conduct
of the Coordination Committee shall be established from time to time by the written consent of the Investors.

 

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Section 5.3.     Transfer
Restrictions.

 

(a)       Following
the consummation of the IPO, an Investor wishing to (i) Transfer any Shares pursuant to Rule 144, or (ii) distribute
any Shares to such Investor’s investors, shall consult with the Coordination Committee prior to taking such action or entering
into any definitive agreement with respect to such action, and shall use reasonable efforts to minimize any adverse impact to the
other Investors in respect of such Transfer or distribution.

 

(b)       Notwithstanding
any provisions of this Article V, except in connection with a Change in Control, in no event shall any Investor knowingly
Transfer any of its Shares to any Person (including an Affiliate) if the Transferee is a competitor of the Company or any of its
Subsidiaries, or otherwise adverse to the Company or any of its Subsidiaries (an “Adverse Person”); provided
that an Investor Transferring Shares to the public in a registered public offering (other than an offering using Form S-4,
S-8 or a comparable form) or pursuant to Rule 144 shall not be deemed to have “knowingly” Transferred
Shares to an Adverse Person for purposes of this Section 5.3(b).

 

Article
VI

ADDITIONAL AGREEMENTS OF THE PARTIES

 

Section 6.1.     VCOC
Rights. With respect to any GS Investor, TPG Investor or any Permitted Transferee that is intended to qualify as a “venture
capital operating company” as defined in the Plan Asset Regulations (each Person, a “VCOC Entity”), for
so long as such VCOC Entity, directly or indirectly, continues to hold any Shares, without limitation or prejudice of any of the
rights provided to the Investors hereunder, the Company and its Subsidiaries shall provide such VCOC Entity with all information
and access rights necessary to satisfy applicable VCOC requirements, and the Company and its Subsidiaries shall enter into a customary
VCOC management rights letter setting forth the terms and conditions pursuant to which the Company and its Subsidiaries will provide
such information and access rights.

 

Section 6.2.     No
Promotion. The Company agrees that it will not, without the prior written consent of the applicable Affiliate of the GS Investors
or the applicable Affiliate of the TPG Investors, as the case may be, in each instance, (a) use in advertising, publicity,
or otherwise the name of Goldman, Sachs & Co. LLC, TPG Global, LLC or any of their respective Affiliates, or any partner
or employee of any such Affiliates, nor any trade name, trademark, trade device, service mark, symbol or any abbreviation, contraction
or simulation thereof owned by Goldman, Sachs & Co. LLC, TPG Global, LLC, or any of their respective Affiliates, or (b) represent,
directly or indirectly, that any product or any service provided by the Company has been approved or endorsed by Goldman, Sachs &
Co. LLC, TPG Global, LLC, or any of their respective Affiliates.

 

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Section 6.3.     Exculpation
Among Investors. Each Investor acknowledges that it is not relying upon any person, firm or corporation, other than the public
information filed by the Company with the SEC relating to its Shares, in making its investment or decision to sell, retain its
investment or further invest in the Company. Each Investor agrees that no Investor nor the respective controlling persons, officers,
directors, partners, agents, or employees of any Investor shall be liable to any other Investor for any action heretofore or hereafter
taken or omitted to be taken by any of them in connection with the purchase of the Shares.

 

Section
6.4.     No Fiduciary Duty; Investment Banking Services.
The parties hereto acknowledge and agree that nothing in this Agreement shall create a fiduciary duty of Goldman,
Sachs & Co. LLC or any of its Affiliates or TPG Global, LLC or any of its Affiliates to the Company or the
Investors. Notwithstanding anything to the contrary herein or any actions or omissions by representatives of Goldman,
Sachs & Co. LLC or any of its Affiliates or TPG Global, LLC or any of its Affiliates in whatever capacity, including
as a director, it is understood that Goldman, Sachs & Co. LLC or any of its Affiliates or TPG Global, LLC or any of
its Affiliates is not acting as a financial advisor, agent or underwriter to the Company or any of its Affiliates or
otherwise on behalf of the Company or any of its Affiliates unless retained to provide such services pursuant to a separate
written agreement.

 

Section 6.5.     Logo
of the Company and its Subsidiaries. The Company grants the Investors permission
to use the Company’s and its Subsidiaries’ names and logos in the Investors’ or their respective Affiliates’
marketing materials solely to reflect that the Company is, or was, at one time a portfolio company of the Investor. The Investors
or their respective Affiliates, as applicable, shall include a trademark attribution notice giving notice of the Company’s
or its Subsidiaries’ ownership of its trademarks in the marketing materials in which the Company’s or its Subsidiaries’
names and logos appear.

 

Section 6.6.     Regulatory
Matters. Each Investor hereby agrees to use its reasonable best efforts to supply and provide information, from time to time,
that is accurate in all material respects to any Governmental Authority requesting such information in connection with filings
or notifications relating to any acquisition, disposition and Change in Control transaction (including by way of merger, consolidation,
tender offer or exchange offer or otherwise), or the establishment of a new business activity, involving the Company and its Subsidiaries.

 

Section 6.7.     Banking
Regulation Compliance Covenants. For so long as the GS Investors (together with any of their Affiliates) are deemed to control
the Company for purposes of any Banking Regulation, the parties hereto agree as follows:

 

(a)       The
Company shall, and shall cause its Subsidiaries to, establish, maintain and enforce policies and procedures reasonably designed
for compliance with (i) the policies and procedures of the GS Investors and their Affiliates pursuant to Banking Regulations
as specifically directed in writing by the GS Investors, and (ii) any other Laws applicable to the Company or its Subsidiaries.
The GS Investors shall be entitled to require implementation of, or revisions to, the Company policies and procedures at any time
if GS Investors deem such change reasonably necessary to comply with Banking Regulations or guidance relating to Banking Regulations
from any applicable Governmental Authority.

 

    	11

     

    

 

(b)       The
Company shall not, and shall cause its Subsidiaries not to, without the prior written consent of the GS Investors, which consent
shall not be unreasonably withheld, expand or make any change in the nature of the activities of the Company or its Subsidiaries
(including entering into new lines of business) beyond those activities that are being pursued as of the date of this Agreement
as reflected in the registration statement filed with the SEC for the IPO or that are otherwise permissible for financial holding
companies to conduct under Section 4(k) of the BHC Act (any such new business activity or change to current activities, a
“New Activity”). Upon notice from the GS Investors, the Company shall, and shall cause its Subsidiaries to,
refrain from commencing any New Activity or terminate or modify any existing activity if, in the reasonable judgment of the GS
Investors, the Company’s (i)  terminating or modifying such existing activity is required under applicable Banking Regulations
or by the Federal Reserve or any Governmental Authority having jurisdiction over the GS Investors and its Affiliates or, by reason
of its affiliation with the GS Investors and its Affiliates, the Company or (ii) commencing such New Activity or continued
operation of such existing activity would require the GS Investors to seek approval from or make any filings with any Governmental
Authority having jurisdiction over the GS Investors and its Affiliates or, by reason of its affiliation with the GS Investors and
its Affiliates, the Company. Upon request of the Company, GS Investors will provide an outside legal opinion of reputable counsel,
addressed to the Company and in form and substance reasonably satisfactory to the Company, that fully supports the request of GS
Investors and confirms that there is no ability for the GS Investors to restructure its investment in the Company in a manner (i) as
to enable the Company to pursue the New Activity (ii) as to have a reasonable likelihood of ensuring compliance with or avoiding
the potential violation of applicable Banking Regulations or causing the applicable Governmental Authority to withdraw the requirement
to seek its approval or make filings with it, as the case may be and (iii) that is not reasonably likely to adversely impact any
other Investor in any manner, including increasing any other Investor’s regulatory filing requirements.

 

(c)       The
Company shall provide the GS Investors with prompt written notice of, and copies of any relevant and available documents related
to:

 

(i)       Any
event or occurrence with respect to the Company or any of its Subsidiaries that would, or could reasonably be expected to, result
in any material adverse legal, regulatory or reputational consequences for the Company or its Subsidiaries;

 

(ii)      Any
material violation or breach of any policy or procedure set forth in Section 6.7(a) hereof;

 

(iii)     Any
material violation of any policies or standard procedures regarding customer interactions or discipline of personnel; and

 

(iv)     Any
material weakness or significant deficiency noted in any regulatory, legal or internal control at the Company or any of its Subsidiaries
noted by the Company, any of its Subsidiaries, its auditors, or any Governmental Authority having jurisdiction over the GS Investors
and their Affiliates, whether as a result of an internal or external audit, in a report of regular examination by a Governmental
Authority or otherwise.

 

    	12

     

    

 

(d)       The
Company shall, and shall cause its Subsidiaries to, take all actions that the GS Investors may reasonably request to cause any
material legal, regulatory or internal control deficiencies and violations of policies and procedures described in Section 6.7(c)
to be promptly remedied.

 

(e)       The
Company shall not, and shall cause its Subsidiaries not to, purchase or otherwise acquire any shares of capital stock, or securities
convertible into or exchangeable for shares of capital stock, of any bank holding company, non-U.S. or U.S., other depositary institution,
or any company engaged in financial activity or any “covered fund” as defined in Section 13.7 of the BHC Act.

 

(f)       The
Company shall not, and shall cause its Subsidiaries not to, enter into any joint venture or strategic alliance with any other entity
that is a “bank”, “bank holding company”, or “banking entity” as defined in Section 13(h)(l)
of the BHC Act.

 

(g)       The
Company shall, and shall cause its Subsidiaries to, provide the GS Investors or the TPG Investors, or any Governmental Authority
having jurisdiction over the GS Investors and their Affiliates or the Company and its Subsidiaries full access to all books, records,
policies and procedures, internal audit and compliance reports, and to officers, personnel, accountants and other representatives
of the Company and its Subsidiaries and their respective businesses, whether located in the U.S. or outside the U.S. The Company
shall provide the GS Investors or the TPG Investors with access to any materials viewed by any Governmental Authority if requested
by the GS Investors or the TPG Investors and if permitted by applicable Law.

 

(h)       The
Company shall consult with the GS Investors before any Management Official of the Company or any of its Subsidiaries takes a position
as a Management Official of any Depository Organization or any Affiliate thereof, or any nonbank Financial Company designated by
the Financial Stability Oversight Council for supervision by the Federal Reserve or any Affiliate thereof. The Company shall advise
all Management Officials of the Company and each of its Subsidiaries of this requirement. For purposes of this subsection (h) only,
all capitalized terms are defined as they are defined in the Federal Reserve’s Regulation L (12 C.F.R. Part 212).

 

(i)        The
Company shall, and shall cause its Subsidiaries, to comply in all respects with Section 13 of the BHC Act and Regulation VV
promulgated thereunder.

 

(j)        Subject
to Section 8.9, this Section 6.7 shall terminate upon the Company ceasing to be a “subsidiary,” as such
term is defined in Section 2(d) of the BHC Act, of The Goldman Sachs Group, Inc.

 

Section 6.8.     In-Kind
Distributions. If any Investor seeks to effectuate an in-kind distribution of all or part of its Shares to its direct or indirect
equityholders, the Company will, subject to applicable lockups pursuant to the Registration Rights Agreement, reasonably cooperate
with and assist such Investor, such equityholders and the Company’s transfer agent to facilitate such in-kind distribution
in the manner reasonably requested by such Investor (including the delivery of instruction letters by the Company or its counsel
to the Company’s transfer agent and the delivery of Shares without restrictive legends, to the extent no longer applicable).

 

    	13

     

    

 

Article
VII

ADDITIONAL PARTIES

 

Section 7.1.     Additional
Parties. Additional parties, provided they are Permitted Transferees, may be added to and be bound by and receive the
benefits afforded by this Agreement upon the signing and delivery of a counterpart of this Agreement by the Company and the acceptance
thereof by such additional parties and, to the extent permitted by Section 8.7, amendments may be effected to this Agreement
reflecting such rights and obligations, consistent with the terms of this Agreement, of such party as the Investors and such party
may agree.

 

Article
VIII

MISCELLANEOUS

 

Section 8.1.     Freedom
to Pursue Opportunities.

 

(a)       The
parties expressly acknowledge and agree that, to the extent permitted by applicable Law: (i) each of the Investors and their
respective Affiliates shall, to the fullest extent permissible by Law, have no duty to refrain from directly or indirectly (1)
engaging in the same or similar business activities or lines of business in which the Company or any of its Affiliates now engages
or proposes to engage or (2) otherwise competing with the Company or any of its Affiliates; (ii) none of the Company,
any of its Subsidiaries or any Investor shall have any rights in and to the business ventures of any Investor, its Affiliates,
or the income or profits derived therefrom; (iii) each of the Investors and their respective Affiliates may do business
with any potential or actual customer or supplier of the Company or any of its Subsidiaries or may employ or otherwise engage any
officer or employee of the Company or any of its Subsidiaries; and (iv) in the event that any Investor or its respective
Affiliates acquire knowledge of a potential transaction or other matter or business opportunity which may be a corporate opportunity
for itself, herself or himself and the Company or any of its Affiliates, such Investor or its respective Affiliates shall, to the
fullest extent permitted by applicable Law, have no fiduciary duty or other duty (contractual or otherwise) to communicate, present
or offer such transaction or other business opportunity to the Company or any of its Affiliates and, to the fullest extent permitted
by applicable Law, shall not be liable to the Company or its stockholders or to any Affiliate of the Company for breach of any
fiduciary duty or other duty (contractual or otherwise) as a stockholder, director or officer of the Company solely by reason of
the fact that such Investor or its respective Affiliates pursue or acquire such corporate opportunity for itself, herself or himself,
offers or directs such corporate opportunity to another Person, or does not present such corporate opportunity to the Company or
any of its Affiliates; provided that this Section 8.1 shall not apply to any directors of the Company or any of its
Subsidiaries that are not also Investor Director Designees; provided further that any actions taken, directly or indirectly,
by any publicly-traded Affiliate (or any of its officers, directors or employees) of an Investor shall not be deemed to be an action
taken by such Investor; provided further that, with respect to clause (iv) of this Section 8.1(a), the Company
does not renounce its interest in any corporate opportunity offered to any director of the Company if such opportunity is expressly
offered to such Person solely in his or her capacity as a director or officer of the Company and the provisions of this Section
8.1(a) shall not apply to any such corporate opportunity.

 

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(b)       Each
Investor (for itself and on behalf of the Company) hereby, to the extent permitted by applicable Law, acknowledges and agrees that,
(i) in the event of any conflict of interest between the Company or any of its Subsidiaries, on the one hand, and any Investor,
on the other hand, such Investor (or the Investor Director Designees appointed by such Investor acting in their capacity as a director)
may act in such Investor’s best interest and (ii) no Investor (or the Investor Director Designees appointed by such
Investor acting in their capacity as a director), shall be obligated (A) to reveal to the Company or any of its Subsidiaries
confidential information belonging to or relating to the business of such Investor or (B) to recommend or take any action
in its capacity as such Investor or Investor Director Designee, as the case may be, that prefers the interest of the Company or
any of its Subsidiaries over the interest of such Investor or Investor Director Designee, as the case may be.

 

Section 8.2.     Effective
Time. The operative provisions of this Agreement shall become effective upon the consummation of the IPO.

 

Section 8.3.     Entire
Agreement. This Agreement, together with the form of Registration Rights Agreement in Exhibit A hereto, and all
of the other Exhibits, Annexes and Schedules hereto and thereto constitute the entire understanding and agreement between the
parties as to the matters covered herein and therein and supersede and replace any prior understanding, agreement (including the
Amended and Restated Shareholders’ Agreement with respect to ProSight Global Holdings Limited dated as of June 11, 2013)
or statement of intent, in each case, written or oral, of any and every nature with respect thereto between the parties as to
the matters covered herein and therein. In the event of any inconsistency between this Agreement and any document executed or
delivered to effect the purposes of this Agreement, including, the by-laws of any company, this Agreement shall govern as among
the parties hereto.

 

Section 8.4.     Governing
Law; Submission to Jurisdiction; Waiver of Jury Trial.

 

(a)       This
Agreement shall be construed and enforced in accordance with, and the rights and duties of the parties shall be governed by, the
law of the State of Delaware, without regard to principles of conflicts of laws.

 

(b)       Each
party agrees that it will bring any action or proceeding in respect of any claim arising out of this Agreement or the transactions
contemplated hereby exclusively in the Court of Chancery of the State of Delaware or, if such court shall not have jurisdiction,
another federal or state court of competent jurisdiction located in the State of Delaware (the “Chosen Courts”),
and, solely in connection with claims arising under this Agreement or the transactions that are the subject of this Agreement,
(i) irrevocably submits to the exclusive jurisdiction of the Chosen Courts, (ii) waives any objection to laying venue in any such
action or proceeding in the Chosen Courts, (iii) waives any objection that the Chosen Courts are an inconvenient forum or do not
have jurisdiction over any party and (iv) agrees that service of process upon such party in any such action or proceeding will
be effective if notice is given in accordance with Section 8.11.

 

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(c)       EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER PROCEEDING DIRECTLY OR INDIRECTLY
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES
THAT: (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH PARTY UNDERSTANDS
AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH PARTY HAS
BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.4(C).

 

Section 8.5.     Obligations;
Remedies. The Company and the Investors shall be entitled to enforce their rights under this Agreement specifically, to recover
damages by reason of any breach of any provision of this Agreement (including, without limitation, costs of enforcement) and to
exercise all other rights existing in their favor. The parties hereto agree that irreparable damage would occur if any provision
of this Agreement were not performed in accordance with its specific terms or were otherwise breached. Accordingly, the parties
shall be entitled to specific performance of the terms of this Agreement without the necessity of proving the inadequacy of monetary
damages as a remedy, including an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the
performance of the terms and provisions hereof, in addition to any other remedy to which they are entitled at law or in equity.
Each of the parties hereby further waives (a) any defense in any action for specific performance that a remedy at law would be
adequate and (b) any requirement under any Law to post security or a bond as a prerequisite to obtaining equitable relief. All
remedies, either under this Agreement or by Law or otherwise afforded to any party, shall be cumulative and not alternative.

 

Section 8.6.    Consent
of the Investors. If any consent, approval or action of the Investors is required at any time pursuant to this Agreement,
such consent, approval or action shall be deemed given if the holders of a majority of the outstanding Shares held by the Investors
at such time provide such consent, approval or action in writing at such time, unless this Agreement provides for more specific
consent requirements of the Investors with respect to such consent, approval or action.

 

Section 8.7.     Amendment
and Waiver.

 

(a)       The
terms and provisions of this Agreement may be modified or amended at any time and from time to time only by the written consent
of the Company and each Investor that has not Transferred (through one or more Transfers) more than ninety percent (90%) of its
Initial Ownership Interest (excluding pro rata Transfers agreed to by the Investors and Transfers to Permitted Transferees);
provided that any amendment, modification or waiver that disproportionately and adversely affects any Investor that has
Transferred more than ninety percent (90%) of its Initial Ownership Interest as compared to any other Investor shall also require
the written consent of such adversely affected Investor. If reasonably requested by the Investors, the Company agrees to execute
and deliver any amendments to this Agreement which the Company in its reasonable discretion concludes are not adverse to Company
or its public stockholders to the extent so requested by the Investors in connection with the addition of a Permitted Transferee
in accordance with Section 7.1 or a recipient of any newly-issued Shares as a party hereto; provided that such
amendments are in compliance with the provisos set forth in the immediately preceding sentence. Any amendment, modification or
waiver effected in accordance with the foregoing shall be effective and binding on the Company and all Investors.

 

    	16

     

    

 

(b)       Any
failure by any party at any time to enforce any of the provisions of this Agreement shall not be construed a waiver of such provision
or any other provisions hereof.

 

Section 8.8.     Binding
Effect. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the parties’ successors and permitted assigns.

 

Section 8.9.     Termination.

 

(a)       This
Agreement shall automatically terminate as to any Investor Group on the first date on which such Investor Group Transfers, through
one or more Transfers (other than Transfers to Permitted Transferees who become party to this Agreement pursuant to Section
7.1) more than ninety percent (90%) of its Initial Ownership Interests.

 

(b)       This
Agreement shall automatically terminate upon the earlier of (i) all Investors ceasing to be a party to this Agreement in accordance
with Section 8.9(a); (ii) a Change in Control; (iii) written agreement of the Company and the Investors that
hold Shares at such time; (iv) the dissolution or liquidation of the Company. In the event of any termination of this
Agreement as provided in this Section 8.9, this Agreement shall forthwith become wholly void and of no further force or
effect (except for this Article VIII, which shall survive) and there shall be no liability on the part of any parties hereto
or their respective Affiliates, except as provided in this Article VIII. Notwithstanding the foregoing, no party hereto
shall be relieved from liability for any willful breach of this Agreement.

 

Section 8.10.  Non-Recourse.
Notwithstanding anything that may be expressed or implied in this Agreement or any document or instrument delivered in connection
herewith, and notwithstanding the fact that certain of the Investors may be partnerships or limited liability companies, by its
acceptance of the benefits of this Agreement, the Company and each Investor covenant, agree and acknowledge that no Person (other
than the parties hereto) has any obligations hereunder, and that no recourse under this Agreement or any documents or instruments
delivered in connection with this Agreement shall be had against any current or future director, officer, employee, general or
limited partner or member of any Investor or of any Affiliate or assignee thereof, whether by the enforcement of any assessment
or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable Law, it being expressly agreed
and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any the former,
current and future equity holders, controlling persons, directors, officers, employees, agents, Affiliates, members, managers,
general or limited partners or assignees of the Investors or any former, current or future equity holders, controlling persons,
directors, officers, employees, agents, Affiliates, members, managers, general or limited partners or assignees of any of the
foregoing, as such, for any obligation of any Investor under this Agreement or any documents or instruments delivered in connection
with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation.

 

    	17

     

    

 

Section 8.11.     Notices.
Any and all notices, designations, offers, acceptances or other communications provided for herein shall be deemed duly given
(a) when delivered personally by hand, (b) when sent by facsimile or email upon confirmation of receipt or (c) one
Business Day following the day sent by overnight courier:

 

	if to the Company, to:
	 	 
	ProSight Global, Inc.
	412 Mt. Kemble Avenue
	Morristown, NJ  07960
	Attention:	Frank D. Papalia, Chief Legal Officer
	Facsimile:	(973) 532-1890
	Email:	FPapalia@prosightspecialty.com
	 	 
	With a copy (which shall not constitute notice) to:
	 	 
	Sullivan & Cromwell LLP
	125 Broad Street
	New York, NY 10004
	Attention:	Robert G. DeLaMater
	 	C. Andrew Gerlach
	Facsimile:	(212) 291-9037
	 	(212) 291-9299
	Email:	DeLaMaterR@sullcrom.com
	 	GerlachA@sullcrom.com
	 	 
	if to the GS Investor, to:
	 	 
	c/o Goldman, Sachs & Co. LLC
	200 West Street
	New York, New York 10282-2198
	Attention:	Sumit Rajpal
	Facsimile:	212-357-5505
	Email:	sumit.rajpal@gs.com

 

    	18

     

    

 

	c/o Goldman, Sachs & Co. LLC
	200 West Street
	New York, New York 10282-2198
	Attention:	Anthony Arnold
	Facsimile:	212-357-5505
	Email:	anthony.arnold@gs.com
	 	 
	with a copy (which shall not constitute notice) to: 
	 	 
	Weil, Gotshal & Manges LLP
	767 Fifth Avenue
	New York, New York 10153
	Attention:	Alexander D. Lynch
	Facsimile:	(212) 310-8007
	Email:	alex.lynch@weil.com
	 	 
	and	 
	 	 
	if to the TPG Investors, to:
	 	 
	c/o TPG Capital, LLC
	301 Commerce Street
	Suite 3300
	Fort Worth, TX 76102
	Attention:	Office of General Counsel
	Email:	officeofgeneralcounsel@tpg.com
	 	 
	 	 
	with a copy to:
	 	 
	345 California Street
	San Francisco, CA  94104
	Attention:  Adam Fliss
	Email:  afliss@tpg.com  
	 	 
	with a copy (which shall not constitute written notice) to: 
	 	 
	Cleary Gottlieb Steen & Hamilton LLP
	One Liberty Plaza
	New York, New York 10006
	Attention:	Jeffrey D. Karpf
	Facsimile:	(212) 225-3999
	Email:	jkarpf@cgsh.com

 

Section 8.12.     Severability.
Whenever possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal
or unenforceable in any respect under any applicable Law in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed
and enforced in such jurisdiction such that the invalid, illegal or unenforceable provision or portion thereof shall be interpreted
to be only so broad as is enforceable.

 

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Section 8.13.     No
Third-Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and
their permitted assigns and successors, and nothing herein, express or implied, is intended to or shall confer upon any other
Person or entity, any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

Section 8.14.      Recapitalizations;
Exchanges, Etc. The provisions of this Agreement shall apply to the full extent
set forth herein with respect to Shares, to any and all shares of capital stock of the Company or any successor or assign of the
Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange for, or
in substitution of the Shares, by reason of a stock dividend, stock split, stock issuance, reverse stock split, combination, recapitalization,
reclassification, merger, consolidation or otherwise.

 

Section 8.15.     Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute a single instrument. Copies of executed counterparts transmitted by telecopy or other electronic transmission
service shall be considered original executed counterparts for purposes of this Section 8.15.

 

[Signature Page Follows]

 

    	20

     

    

 

IN WITNESS WHEREOF, each of the undersigned
has executed this Agreement or caused this Agreement to be executed on its behalf as of the date first written above.

 

	 	PROSIGHT GLOBAL, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Stockholders’
Agreement]

 

     

     

    

 

	 	PROSIGHT INVESTMENT LLC
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	PROSIGHT PARALLEL INVESTMENT LLC
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Stockholders’
Agreement]

 

     

     

    

 

	 	PROSIGHT TPG, L.P.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	TPG PS 1, L.P.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	TPG PS 2, L.P.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	TPG PS 3, L.P.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	TPG PS 4, L.P.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Stockholders’
Agreement]Exhibit 10.4

 

AMENDMENT NO. 1

 

TO

 

PROSIGHT GLOBAL HOLDINGS
LIMITED

 

AMENDED AND RESTATED

 

2010 EQUITY INCENTIVE PLAN

 

This AMENDMENT NO. 1 TO THE
PROSIGHT GLOBAL HOLDINGS LIMITED AMENDED AND RESTATED 2010 EQUITY INCENTIVE PLAN (this “Amendment”), effective as of
July ______, 2019, is made and entered into by ProSight Global Holdings, Inc., an exempted company incorporated in Bermuda (the
“Company”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have
the meanings ascribed to such terms in the ProSight Global Holdings Limited Amended and Restated 2010 Equity Incentive Plan (the
“Plan”).

 

WHEREAS, Section 18 of
the Plan provides that the Board or a committee of the Board may amend the Plan;

 

WHEREAS, the Board delegated
certain authority to administer the Plan to the Compensation Committee of ProSight Global, Inc., but retained the authority to
determine the aggregate number of Shares issuable under the Plan; and

 

WHEREAS, the Board desires
to amend the Plan to increase the number of Shares (as defined in the Plan) that may be issued under the Plan by an additional
621,989 Shares.

 

NOW, THEREFORE,
in accordance with Section 18 of the Plan, the Company hereby amends the Plan as follows:

 

		1.	Amendment. Section 4(a) of the Plan
is hereby amended by deleting said section in its entirety and substituting in lieu thereof the following new Section 4(a):

 

		(a)	Share Reserve. Subject to the succeeding sentence,
the total number of Shares that may be issued under the Plan is 1,663,658 P Shares, of which 1,122,848 P Shares are reserved for
issuance to US Participants (the “US Reserved P Shares”) and 36,745 P Shares are reserved for issuance to UK Participants
(the “UK Reserved P Shares”), and 120,000 D-2 Shares, 1,272 F-2A Shares, 1,272 F-2B Shares, and 22,861 F-2C Shares,
in each case, issued in settlement of RSUs or otherwise to Participants, subject to adjustment pursuant to Section 14 hereof.
The total number of P Shares that may be issued under the Plan shall be increased by an amount equal to the excess, if any, of
(i) 20,870 over (ii) the quotient obtained by dividing (A) the total amount payable to the holders of POP Units under the ProSight
Global Holdings Limited Performance Ownership Plan by (B) the Fair Market Value of one P Share as of an IPO, Change of Control
or Exit Event. The number of Shares available for granting Incentive Stock Options under the Plan shall be equal to the total
number of Shares issued under the Plan, subject to adjustments provided in Section 14 hereof and subject to the provisions of
Section 422 and 424 of the Code or any successor provisions.

 

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		2.	Effect of Amendment. Except as expressly amended by this Amendment, the Plan shall
continue in full force and effect in accordance with the provisions thereof.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the Company has caused this Amendment
to be duly executed as of the date first set forth above.

 

	PROSIGHT GLOBAL HOLDINGS LIMITED	 
	 	 
	By:	 	 
	 	Name:    	 	 
	 	Title:

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