Document:

EX-10.1

EXHIBIT 10.1

1 North Wall Quay

Dublin 1

Ireland

T +353 1 622 2000

F +353 1 622 2222

Niall Tuckey

Citibank Europe plc

Director

1 North Wall Quay

ILOC Product

Dublin 1, Ireland

Tel +353 (1) 622 7430

Fax +353 (1) 622 2741

Niall.Tuckey@Citi.com

FROM: Citibank Europe plc (the “Bank”)

TO: Platinum Underwriters Bermuda, Ltd.

Platinum Underwriters Reinsurance, Inc.

Platinum Underwriters Holdings, Ltd.

DATE: 19 December 2013

Platinum Underwriters Bermuda, Ltd.

(“Platinum Bermuda”)

Waterloo House,

100 Pitts Bay Road, 2nd Floor,

Pembroke, HM08, Bermuda

For attention of: Gavin Collery, Senior Vice President, Chief Financial Officer and Secretary

Platinum Underwriters Reinsurance, Inc.

(“Platinum America”)

2 World Financial Center

225 Liberty Street, Suite 2300

New York, NY 10281

For attention of: N. Adriana Nivia, Senior Vice President, Chief Financial Officer and Treasurer

Platinum Underwriters Holdings, Ltd.

(“Platinum Holdings”)

Waterloo House,

100 Pitts Bay Road, 2nd Floor,

Pembroke, HM08, Bermuda

For attention of: Allan C. Decleir, Executive Vice President and Chief Financial Officer

Dear Sir / Madam,

Committed letter of credit facility letter dated 30 June 2011 between (1) Platinum Bermuda,
Platinum America and Platinum Holdings and (2) Citibank Europe plc., as amended, varied,
supplemented, novated or assigned as the case may be (the “Facility Letter”).

	1.	 	We refer to the Facility Letter. Defined terms used in this letter shall have the meanings
given to them in the Facility Letter (including where defined in the Facility Letter by
reference to another document).

	2.	 	The Bank and the Company agree, for good and valuable consideration, the receipt and legal
sufficiency of which are hereby acknowledged, that as of the date of this letter, the Facility
Letter is hereby amended as follows:

	 	(a)	 	Paragraph 2 of the Facility Letter shall be amended and restated in its entirety as
follows:

“The Facility shall be in a maximum aggregate amount of USD 100,000,000 (the
“Facility Limit”) and shall be made available jointly to Platinum Bermuda and
Platinum America (each a “Company” and together the “Companies”). All or any part
of the Facility shall be available to either Company save that a utilisation by one
Company shall reduce the remaining availability for itself and the other Company.
The aggregate of all utilisations made by either Company under the Facility shall
not exceed the Facility Limit. No Credit will be issued under the Facility after 31
December 2015 (the “Availability End Date”) and no Credit will be issued under the
Facility unless it is expressed to expire no later than 31 December 2016 (the
“Facility Expiry Date”).”

	3.	 	Except as expressly amended by this letter, the Facility Letter remains unmodified and in
full force and effect. In the event of a conflict or inconsistency between the terms of this
letter and the terms of the Facility Letter, the terms of this letter shall prevail.

	4.	 	This letter may be executed in counterparts, each of which shall be deemed to be an original,
and all such counterparts taken together shall constitute one and the same agreement. This
letter and any non-contractual obligations arising in connection with it shall be governed by
English law.

	5.	 	Please indicate your agreement to the foregoing by countersigning the attached copy of this
letter and returning the same to us.

Very truly yours,

For and on behalf of CITIBANK EUROPE PLC

.../s/ Niall Tuckey..................................................

Name: Niall Tuckey

Title: Director

1

ACKNOWLEDGED AND AGREED:

For and on behalf of

Platinum Underwriters Bermuda, Ltd.

	 	 	 	 	 
	.../s/ Gavin P. Collery...................................

Name: Gavin P. Collery

Title: SVP – Chief Financial Officer

For and on behalf of

Platinum Underwriters Reinsurance, Inc.

	 	 	 	 	 
	../s/ N. Adriana Nivia....................................

Name: N. Adriana Nivia

Title: SVP & CFO

For and on behalf of

Platinum Underwriters Holdings, Ltd.

As a party hereto solely for purposes of paragraph 9.2 of the Facility Letter

	 	 	 	 	 
	../s/ Allan C. Decleir.................................

Name: Allan C. Declier

Title: EVP & CFO

2Ex 10.1 - Director Compensation 2014

DIRECTOR COMPENSATION POLICY 
TABLE OF CONTENTS

	
					
	I.
	 
	Purpose:
	1
	

	II.
	 
	Scope:
	1
	

	III.
	 
	Policy Statement:
	1
	

	 
	 
	A.    Board and Meeting Fees:
	1
	

	 
	 
	B.    Maximum Fees:
	1
	

	IV.
	 
	Administration:
	2
	

	 
	 
	A.    Roles and Responsibilities:
	2
	

	 
	 
	B.    Governance:
	2
	

	 
	 
	C.    Exception Management/Policy Interpretations:
	2
	

	V.
	 
	Applicable Laws and Regulations:
	2
	

	VI.
	 
	Related Policies; Procedures:
	2
	

	VII.
	 
	Policy History Log:
	3
	

 

	
			
	Director Compensation Policy                  
	 
	                        December 20, 2013

Director Compensation Policy
		
	I.
	Purpose: 

The purpose of this policy is to set forth the compensation paid to the Board of Directors.  The Travel and Public Relations Policy and Director’s Addendum to the Travel and Public Relations Policy set forth the circumstances under which the Bank will reimburse Directors for certain expenses incurred while on Bank business.
		
	II.
	Scope:

This policy applies to all Directors of the Bank.
		
	III.
	Policy Statement: 

		
	A.
	Board and Meeting Fees.

A fee of $8,500 per meeting shall be paid to all Directors that attend all or part of a meeting of the Board of Directors, except that a fee of $9,450 per meeting shall be paid to the chairs of all committees and to the vice chair of the Board and a fee of $11,250 per meeting shall be paid to the chair of the Board.  This fee shall also be provided to any person elected by the Board to serve as chairman pro tempore or to the vice chair if the vice chair presides for an entire meeting of the Board.  There are eight regularly scheduled meetings in 2014.
A fee of $2,250 per meeting shall be paid to all committee members, including ex officio members, who attend all or any part of any meeting of a committee of the Board.    
A fee of $1,500 per meeting shall be paid to any Director for participation in telephonic conference calls or when participating by telephone for all or any part of a meeting in which the Director would be entitled to receive a meeting fee for in-person attendance at such meeting.
Fees shall be paid per meeting.  For example, if a Board meeting and committee meeting occur on the same day, a separate fee shall be payable for attendance at each meeting.  Additionally, in the case of a multi-day meeting, a separate fee shall be payable for each day's attendance at the same meeting.
In the event that inclement weather prevents the occurrence of a planned meeting of the Board or one of its committees, the Directors shall be entitled to receive the applicable meeting fee called for in the Policy, minus any fees received if an in-person meeting is changed to a telephonic meeting.
		
	B.
	Maximum Fees.

The maximum fees for 2014 for the Chair shall be $85,000, for the Vice Chair and all  Committee Chairs $72,500, and for Directors $65,000.  

	
			
	Director Compensation Policy
	1
	December 20, 2013

		
	IV.
	Administration:  

		
	A.
	Roles and Responsibilities

		
	(1)
	Owner.  The General Counsel shall be the owner of this Policy, responsible for maintaining this Policy.  

		
	(2)
	Authorized Approver.  The Board of Directors of the Bank shall be authorized to approve all changes to this Policy. 

		
	B.
	Governance

		
	(1)
	Re-Adoption Frequency.  The Governance/Government Relations Committee shall annually review this policy and shall submit its recommendation to the Board.  The Board shall consider the recommendations of the Governance/ Government Relations Committee and shall approve the policy no later than required to allow for submission, review and approval of the Director of the Federal Housing Finance Agency (FHFA), if required, to ensure that directors are paid timely for the first regularly scheduled meeting of the Board in which the policy shall apply.

  
		
	(2)
	Review Frequency:  The Owner of this Policy is expected to review this Policy annually.  

		
	C.
	Exception Management/Policy Interpretations

The Board is authorized, in its sole discretion, to interpret the provisions of the policy and to address situations not anticipated or covered by this policy as it determines to be appropriate, consistent with the requirements set forth in the regulations promulgated by the Federal Housing Finance Agency, if any. 
		
	V.
	Applicable Laws and Regulations:

The following provisions of the Federal Home Loan Bank Act and FHFA Regulations are applicable to this Policy:  
		
	•
	12 CFR Part 1261.20 - 24

		
	VI.
	Related Policies; Procedures

The following Bank policies cover subject matter that is related to this Policy:

	
			
	Director Compensation Policy
	2
	December 20, 2013

		
	•
	Travel and Public Relations Policy

		
	•
	Directors Addendum to the Travel and Public Relations Policy

		
	VII.
	Policy History Log: 

	
				
	Date Approved
	Purpose
	Author
	Approved by

	12/16/2011
	Annual Review
	J. Authur
	Board

	12/21/2012
	Annual Review and Policy reformatting into new format
	J. Authur
	Board

	12/20/2013
	Annual Review; incorporating compensation adjustments based on revised McLagan study
	C.Pratt
	Board

	
			
	Director Compensation Policy
	3
	December 20, 2013ex4_1.htm

Exhibit 4.1

 

  

  

  

	  	
C0000000230 | M

	  	
104598

 

	
Number Numéro

 

00000000

	  	
BlackBerry®

Amalgamated under the Business Corporations Act (Ontario)

Fusioné sous la Loi sur les sociétés par actions (Ontario)

	  	
Shares Actions

****0*********

*****0********

******0*******

*******0******

********0*****

SPECIMEN

	
THIS CERTIFIES THAT

LES PRÉSENTES ATTESTENT QUE

	 	
**SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero*

	 	
CUSIP 09228F103

	  	 	* * * 0 * * *	 	  
	
IS THE REGISTERED HOLDER OF

EST LE PORTEUR INSCRIT DE

	 	
**SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero****SPECIMEN 09228F10300000000 Research*In*Motion*Limited zero*

	 	
ISIN CA09228F1036

 

SEE REVERSE FOR CERTAIN DEFINITIONS

VOIR AU VERSO POUR CERTAINES DÉFINITIONS

 

	
FULLY PAID AND NON-ASSESSABLE COMMON SHARES WITHOUT PAR VALUE IN THE CAPITAL OF

	  	
ACTIONS ORDINAIRES SANS VALEUR NOMINALE ENTIÈREMENT LIBÉRÉES DU CAPITAL-ACTIONS DE

	
BlackBerry Limited

	  	
BlackBerry Limited

	
transferable on the books of the Corporation only upon surrender of this certificate properly endorsed.

 

This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Corporation.

 

IN WITNESS WHEREOF the Corporation has caused this certificate to be signed on its behalf by the facsimile signatures of its duly authorized officers.

	  	
transférables dans les registres de la Société seulement sur remise de ce certificat endossé en bonne et due forme.

 

Ce certificat n'est valide que s'il a été contresigné par l'agent de transfert et agent comptable des registres de la Société.

 

EN FOI DE QUOI la Société a fait signer le présent certificat en son nom au moyen des facsimilés de signature de ses dirigeants dûment autorisés.

 

	  	  	  	
Dated: Jul 05, 2013

Le :     05 juil. 2013

	  	  	  	  
	
Director

Directeur

	
COUNTERSIGNED AND REGISTERED

CONTRESIGNÉ ET IMMATRICULÉ

COMPUTERSHARE TRUST COMPANY, N.A. (GOLDEN CO)

TRANSFER AGENT AND REGISTRAR

AGENT DE TRANSFERT ET AGENT COMPTABLE DES REGISTRES

	
OR

	
COUNTERSIGNED AND REGISTERED

CONTRESIGNÉ ET IMMATRICULÉ

COMPUTERSHARE INVESTOR SERVICES INC.

SERVICES AUX INVESTISSEURS COMPUTERSHARE INC. (MONTREAL) (TORONTO)

TRANSFER AGENT AND REGISTRAR

AGENT DE TRANSFERT ET AGENT COMPTABLE DES REGISTRES

	VOID	 	 VOID

 

	
Director

	  	  	  
	
Directeur

	
By / Par

	  	  	
By / Par

	  
	  	
Authorized Officer - Représentant Autorisé

	  	
Authorized Officer - Représentant autorisé

 

The shares represented by this certificate are transferable at the offices of Computershare Investor Services Inc. in Montreal, QC and Toronto, ON or Computershare Trust Company, N.A. in Golden, CO.

Les actions représentées par ce certificat peuvent être transférées aux bureaux de Services aux Investisseurs Computershare inc. à Montréal, QC et Toronto, ON ou à Computershare Trust Company, N.A. à Golden, CO.

	  	
SECURITY INSTRUCTIONS ON REVERSE

	  	
VOIR LES INSTRUCTIONS DE SÉCURITÉ AU VERSO

	  

 

  

  

  

	
The shares represented by this certificate have rights, privileges, restrictions and conditions attached thereto and the Company will furnish to a shareholder, on demand and without charge, a full copy of the text of: (a) the rights, privileges, restrictions and conditions attached to each class authorized to be issued and to each series in so far as the same have been fixed by the directors; and (b) the authority of the directors to fix the rights, privileges, restrictions and conditions of subsequent series.

	  	
Les actions représentées par ce certificat sont assorties de droits, privilèges, restrictions et conditions et la Société fournira à tout actionnaire, sur demande et sans frais, une copie du texte intégral a) des droits, privilèges, restrictions et conditions rattachés à chaque catégorie d'actions dont l'émission est autorisée et à chaque série, dans la mesure fixée par les administrateurs; et b) de l'autorisation donnée aux administrateurs de fixer les droits, privilèges, restrictions et conditions des séries ultérieures.

 

 

	
The following abbreviations shall be construed as though the words set forth below opposite each abbreviation were written out in full where such abbreviation appears:

	  	
Les abréviations suivantes doivent être interprétées comme si les expressions correspondantes étaient écrites en toutes lettres :

	
TEN COM

	
-

	
as tenants in common

	  	
TEN COM

	
-

	
à titre de propriétaires en commun

	
TEN ENT

	
-

	
as tenants by the entireties

	  	
TEN ENT

	
-

	
à titre de tenants unitaires

	
JT TEN

	
-

	
as joint tenants with rights of survivorship and not as tenants in common

	  	
JT TEN

	
-

	
à titre de copropriétaires avec gain de survie et non à titre de propriétaires en commun

	
(Name) CUST (Name) UNIF GIFT MIN ACT (State)

	
-

	
(Name) as Custodian for (Name) under the (State) Uniform Gifts to Minors Act

	  	
(Nom) CUST (Nom) UNIF GIFT MIN ACT (État)

	
-

	
(Nom) à titre de dépositaire pour (Nom) en vertu de la Uniform Gifts to Minors Act de (État)

	
Additional abbreviations may also be used though not in above list.

	  	
Des abréviations autres que celles qui sont données ci-dessus peuvent aussi être utilisées.

 

	
For value received the undersigned hereby sells, assigns and transfers unto

	  	
Pour valeur reçue, le soussigné vend, cède et transfère par les présents à

 

 

	  	  	  
	
Insert name and address of transferee

	  	
Insérer le nom et l’adresse du cessionnaire

	  	  	  
	  	  	  
	  	  	  
	
shares represented by this certificate and does hereby irrevocably constitute and appoint

	  	
actions représentées par le présent certificat et nomme irrévocablement

	  	  	  
	  	  	  
	
the attorney of the undersigned to transfer the said shares on the books of the Corporation with full power of substitution in the premises.

	  	
le fondé de pouvoir du soussigné chargé d’inscrire le transfert desdites actions aux registres de la Société, avec plein pouvoir de substitution à cet égard.

 

	
LE :

	  	  	  	  	  
	
DATED:   

	  	  	  	  	  
	  	  	  	
Signature of Shareholder / Signature de l’actionnaire

	  	
Signature of Guarantor / Signature de garant

 

 

	
Signature Guarantee: The signature on this assignment must correspond with the name as written upon the face of the certificate(s), in every particular, without alteration or enlargement, or any change whatsoever and must be guaranteed by a major Canadian Schedule I chartered bank or a member of an acceptable Medallion Signature Guarantee Program (STAMP, SEMP, MSP).  The Guarantor must affix a stamp bearing the actual words “Signature Guaranteed.”

	  	
Garantie de signature : La signature apposée aux fins de cette cession doit correspondre exactement au nom qui est inscrit au recto du certificat, sans aucun changement, et doit être garantie par une banque à charte canadienne de l’Annexe 1 ou un membre d’un programme de garantie de signature Medallion acceptable (STAMP, SEMP, MSP).  Le garant doit apposer un timbre portant la mention << Signature garantie >> ou << Signature Guaranteed >>.

	  	  	  
	
In the USA, signature guarantees must be done by members of a “Medallion Signature Guarantee Program” only.

	  	
Aux États-Unis, seuls les membres d’un << Medallion Signature Guarantee Program >> peuvent garantir une signature.

	  	  	  
	
Signature guarantees are not accepted from Treasury Branches, Credit Unions or Caisses populaires unless they are members of the Stamp Medallion Program.

	  	
Les guaranties de signature ne peuvent pas être faites par des caisses d’épargne (<< Treasury Branches >>), des caisses de crédit (<< Credit Unions >>) ou des Caisses populaires, à moins qu’elles ne soient membres du programme de garantie de signature Medallion STAMP.

 

 

 

 

	
SECURITY INSTRUCTIONS – INSTRUCTIONS DE SÉCURITÉ

	  
	  
	
THIS IS WATERMARKED PAPER.  DO NOT ACCEPT WITHOUT NOTING WATERMARK.  HOLD TO LIGHT TO VERIFY WATERMARK.

	  
	
PAPIER FILIGRANÉ, NE PAS ACCEPTER SANS VÉRIFIER LA PRÉSENCE DU FILIGRANE.  POUR CE FAIRE, PLACER Á LA LUMIÉRE.

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