Document:

Form of Parent Shareholder Voting Agreement, dated as of March 3, 2010

 Exhibit 10.2 
 EXECUTION VERSION 
 FORM OF PARENT SHAREHOLDER VOTING
AGREEMENT 
 This Parent Shareholder Voting Agreement (this “Agreement”), dated as of March 3, 2010,
is entered into by and among Harbor Point Limited, a Bermuda company (the “Company”), and each of the shareholders of Max Capital Group Ltd., a Bermuda company (the “Parent”), listed on Schedule A
attached hereto (each, a “Shareholder” and, collectively, the “Shareholders”). Capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned to them in the Plan of
Amalgamation (as defined below). 
 WHEREAS, concurrently with the execution and delivery of this Agreement, Parent, the
Amalgamation Sub and the Company have entered into an Agreement and Plan of Amalgamation, dated as of the date hereof (the “Plan of Amalgamation”) (as the same may be amended or amended and restated from time to time in accordance
with its terms); 
 WHEREAS, each Shareholder is the record and beneficial owner (as defined in Rule 13d-3 of the Exchange Act,
which meaning will apply for all purposes of this Agreement whenever the term “beneficial” or “beneficially” is used) of (a) Parent Common Shares (such shares, together with any other securities of Parent having voting
rights acquired by such Shareholder (including Parent Common Shares acquired upon the exercise of any Parent Stock Options (as defined below) or Parent Warrants (as defined below) or upon the vesting of any Restricted Parent Common Shares (as
defined below) held by such Shareholder) after the date hereof through the date this Agreement is terminated in accordance with its terms (the “Voting Period”) being collectively referred to herein as the “Shares”),
(b) options to acquire Parent Common Shares (“Parent Stock Options”), (c) restricted Parent Common Shares (“Parent Restricted Shares”), (d) warrants to acquire Parent Common Shares (“Parent
Warrants”), and (e) restricted share units (“Parent Restricted Share Units”), in each case, as of the date hereof and as set forth opposite such Shareholder’s name on Schedule A attached hereto; and

 WHEREAS, obtaining the Parent Share Issuance Vote is a condition to the consummation of the Amalgamation. 

 NOW, THEREFORE, in consideration of the Company entering into the Plan of Amalgamation and
of the mutual covenants and agreements contained herein and other good and valuable consideration, the adequacy of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 
 SECTION 1. Representations and Warranties of Each Shareholder. Each Shareholder hereby represents and warrants to the Company as of
the date of this Agreement as follows: 
 1.1. Title to the Shares. Such Shareholder is the record and beneficial owner
of the Parent Common Shares, Parent Stock Options, Parent Restricted Share Units, Parent Restricted Shares and Parent Warrants set forth opposite the name of such Shareholder on Schedule A attached hereto, which, as of the date hereof,
constitutes all of the Parent Common Shares and other securities convertible into or exercisable for any Parent Common Shares, whether vested or unvested, owned of record or beneficially by such Shareholder. 
 1.2. Voting Matters. Such Shareholder has the sole power to vote or cause to be voted Parent Common Shares and any other securities
convertible into or exercisable for any Parent Common Shares set forth opposite the name of such Shareholder on Schedule A attached hereto on the matters specified in Section 4.1 hereof, free and clear of any and all claims, liens,
encumbrances or restrictions on the right to vote such Shares, except (a) as may exist by reason of this Agreement, (b) pursuant to applicable Law or (c) as referenced in Section 3.4 hereof. In furtherance (and not in limitation)
of the foregoing, such Shareholder represents and warrants to the Company that all proxies heretofore given in respect of any of its Shares, if any, are not irrevocable and that all such proxies have been properly revoked or are no longer in effect
as of the date hereof. 
 1.3. Organization. To the extent such Shareholder is a corporation, partnership, limited
liability company or other entity, such Shareholder is duly organized, validly existing, and in good standing (or the equivalent concept to the extent applicable) under the laws of the jurisdiction of its incorporation, formation or organization.

 1.4. Authority Relative to this Agreement. To the extent such Shareholder is a corporation, partnership, limited
liability company or other entity (a) such Shareholder has all requisite corporate, company, partnership or other power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions
contemplated by this Agreement to which it is a party and (b) the execution and delivery of this Agreement by such Shareholder and the performance of its obligations hereunder and the consummation of the transactions contemplated by this
Agreement to which it is a party have been duly and validly authorized by all necessary and appropriate corporate, partnership, company or other action on behalf of such Shareholder. To the extent that such Shareholder is an individual, such
Shareholder has the requisite legal capacity to execute and deliver this Agreement, to perform his or her obligations hereunder and to consummate the transactions contemplated by this Agreement to which he or she is a party. This Agreement has been
duly and validly executed and delivered by such Shareholder and, assuming the due authorization, execution and delivery by the Company, constitutes a valid and binding obligation of such Shareholder, enforceable against such Shareholder in
accordance with its terms, except to the extent that enforcement is limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to
general equitable principles (whether considered in a proceeding at law or in equity). 
  

 2 

 1.5. No Conflict. The execution and delivery of this Agreement by such Shareholder
does not, and the performance of its obligations hereunder and the consummation by such Shareholder of the transactions contemplated hereby to which it is a party will not, (a) require any consent or approval by, filing with, or notification
to, any Governmental Entity or any other Person, by such Shareholder, (b) to the extent such Shareholder is a corporation, partnership, limited liability company or other entity, violate or conflict with or result in any breach of any provision
of the organizational documents of such Shareholder, (c) violate or conflict with or result in any breach of or default (with or without notice or lapse of time or both) under or give to any other Person (with or without notice or lapse of time
or both) any right of termination, acceleration or cancellation of, any provision of, or result in the creation of any claims, liens, encumbrances or restrictions on the right to vote such Shares pursuant to, any provision of, any agreement to which
such Shareholder is a party or any instrument, permit, concession, franchise or license of such Shareholder or (d) violate or conflict with any Law applicable to such Shareholder or to such Shareholder’s properties or assets, except in the
case of the foregoing clauses (a), (c) and (d) only, for any of the foregoing as would not reasonably be expected to materially impair or restrict such Shareholder’s ability to perform its obligations under this Agreement. 

1.6. Reliance by the Company. Such Shareholder understands and acknowledges that the Company is entering into the Plan of
Amalgamation in reliance upon such Shareholder’s execution and delivery of this Agreement. 
 SECTION 2. Representations
and Warranties of Parent. The Company hereby represents and warrants to each Shareholder as of the date of this Agreement as follows: 
 2.1. Organization. The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of Bermuda. 
 2.2. Authority Relative to this Agreement. (a) The Company has all requisite corporate power and authority to execute and
deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated by this Agreement and (b) the execution and delivery of this Agreement by the Company and the performance of its obligations hereunder
and the consummation of the transactions contemplated by this Agreement to which it is a party have been duly and validly authorized by all necessary and appropriate corporate action by the board of directors of the Company. This Agreement has been
duly and validly executed and delivered by the Company and, assuming the due authorization, execution and delivery by each of the Shareholders party hereto, constitutes a valid and binding obligation of the Company, enforceable against the Company
in accordance with its terms, except to the extent that enforcement is limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and
to general equitable principles (whether considered in a proceeding at law or in equity). 
  

 3 

 2.3. No Conflict. The execution and delivery of this Agreement by the Company does
not, and the performance of its obligations hereunder and the consummation by the Company of the transactions contemplated hereby will not, (a) require any consent or approval by, filing with, or notification to, any Governmental Entity or any
other Person, by the Company or any of its Subsidiaries, (b) violate or conflict with or result in any breach of any provision of the memorandum of association, bye-laws or equivalent organizational documents of the Company or any of its
Subsidiaries, (c) violate or conflict with or result in any breach of or default (with or without notice or lapse of time or both) under or give to any other Person (with or without notice or lapse of time or both) any right of termination,
acceleration or cancellation of, any provision of, any agreement to which the Company or any of its Subsidiaries is a party or any instrument, permit, concession, franchise or license of the Company or any of its Subsidiaries or (d) violate or
conflict with any Law applicable to the Company, its Subsidiaries or their respective properties or assets, except, in the case of the foregoing clauses (a), (c) and (d) only for any of the foregoing as would not reasonably be expected to
materially impair or restrict the Company’s ability to perform its obligations under this Agreement. 
 SECTION 3.
Additional Agreements. 
 3.1. No Other Proxies. Subject to applicable Law, each Shareholder hereby covenants and
agrees, that during the Voting Period, except as otherwise specifically contemplated or permitted by this Agreement (including Section 4.1), such Shareholder shall not, and shall not offer or agree to grant any proxy or power of attorney with
respect to, deposit into a voting trust or enter into a voting arrangement, whether by proxy, voting agreement or otherwise with respect to any Shares or any interest therein or any of the other securities convertible into or exercisable for any
Parent Common Shares set forth on Schedule A attached hereto. 
 3.2. Additional Shares. In the event of a share
dividend or distribution, or any change in the Parent Common Shares by reason of any share dividend or distribution, split-up, recapitalization, reclassification, combination, conversion or the like, including the exchange of any securities
convertible into or exercisable for any Parent Common Shares, the term “Shares” shall be deemed to refer to and include such shares as well as all such share dividends and distributions and any securities into which or for which any or all
of the Shares may be changed or exchanged or which are received in such transaction. For the avoidance of doubt, it is the intent of the parties that all Parent Common Shares or other securities convertible into or exercisable for any Parent Common
Shares acquired by each Shareholder after the date hereof through the Voting Period be subject to the provisions of this Agreement. 
 3.3. Shareholder Capacity; Shareholder Designees. All agreements and understandings made herein shall be made solely in a Shareholder’s capacity as a holder of the Shares and, if a Shareholder is a director or officer of Parent,
not in a Shareholder’s capacity as a director or officer of Parent. For the avoidance of doubt, the parties acknowledge and agree that (a) each (i) Shareholder who is a director or (ii) other person who is a designee of a
Shareholder on Parent’s Board of Directors shall, in either case, be free to act in his or her capacity as a

  

 4 

 
director of Parent in accordance with his or her duties to Parent, (b) nothing herein shall prohibit or restrict any person described in clause (a) above from taking any action in
facilitation of the exercise of his or her duties pursuant to the Plan of Amalgamation (including pursuant to Section 5.4 thereof) or otherwise, (c) nothing herein shall prohibit or restrict any Shareholder who is an officer of Parent from
taking any action, or failing to take any action, in his or her capacity as an officer of Parent and in facilitation of the exercise of his or her duties to Parent as such Shareholder determines in good faith is required to comply with the direction
of Parent’s Board of Directors and (d) no action taken by any person described in clauses (a) through (c) above acting in the capacities described therein shall be deemed to be a breach or violation by such Shareholder of this
Agreement. 
 3.4. Company Acknowledgment. The Company acknowledges and agrees that (a) the voting power otherwise
conferred by the Shares under bye-law 51 of Parent’s bye-laws may be adjusted pursuant to bye-law 52 of the Company’s bye-laws with respect to any vote on the matters specified in Section 4.1 hereof (a “Voting Power
Adjustment”), (b) nothing in this Agreement shall prohibit, limit, affect, modify, interpret or otherwise influence any determination made by Parent with respect to a Voting Power Adjustment and (c) if a Voting Power Adjustment is
made with respect to a Shareholder’s Shares, such Voting Power Adjustment shall not form the basis for any breach or violation by such Shareholder of this Agreement. Each Shareholder covenants and agrees that it shall promptly respond to any
request of Parent’s Board of Directors for information in the manner specified in bye-law 52 of Parent bye-laws. 
 SECTION
4. Voting Agreement; Proxy. 
 4.1. Voting Agreement. Each Shareholder hereby agrees that during the Voting
Period, at any meeting of the shareholders of Parent or in any action by written consent of the shareholders of Parent, such Shareholder shall vote (or cause to be voted) all of its Shares: 
 (a) in favor of the Parent Share Issuance; 
 (b) in favor of adoption of any proposal in respect of which Parent’s Board of Directors has (i) determined is
designed to facilitate the consummation of the Amalgamation, (ii) disclosed the determination described in clause (i) in Parent’s proxy materials or other written materials disseminated to all of the shareholders of Parent and
(iii) recommended to be adopted by the shareholders of Parent; 
 (c) against any Takeover Proposal; and

  

 5 

 (d) against any amendments to the memorandum of association or bye-laws of
Parent or other proposal or transaction involving Parent or any of its Subsidiaries that in any manner would reasonably be expected to materially impede, interfere with, delay, postpone or adversely affect the Amalgamation or the other transactions
contemplated by the Plan of Amalgamation or change, in any manner, the voting rights of any class of capital stock of Parent; 
 provided
that in the event that such Shareholder’s proxy has been granted to Parent pursuant to Section 4.2 (and such proxy remains effective in accordance therewith), Shareholder shall have no obligations under this Section 4.1 with respect
to the meeting of the shareholders of Parent for which such proxy has been granted. 
 4.2. Grant of Proxy. 

(a) In furtherance of Section 4.1 of this Agreement, subject to Section 4.2(b) hereof and the proviso set forth
below, each Shareholder hereby irrevocably grants to and appoints the Company and up to two of the Company’s designated representatives (the “Authorized Parties”), and each of them individually, as such Shareholder’s proxy
(with full power of substitution and resubstitution) for and in the name, place and stead of such Shareholder, to attend all meetings of the shareholders of Parent and to vote the Shares at any meeting of the shareholders of Parent or in any action
by written consent of the shareholders of Parent, during the Voting Period solely on the matters and in the manner specified in Section 4.1 hereof, in each case subject to applicable Law (the “Proxy”); provided that in
the case of any meeting of the shareholders of Parent during the Voting Period at which a matter described in Section 4.1 is to be considered, such Shareholder’s grant of the Proxy contemplated by this Section 4.2(a) shall be
effective if, and only if, such Shareholder has not delivered to the Secretary of Parent at least three Business Days prior to such meeting a duly executed proxy card previously approved by the Company (such approval shall not be unreasonably
withheld or delayed) voting such Shareholder’s Shares in the manner specified in Section 4.1. For the avoidance of doubt, the Proxy shall be effective for all actions by written consent of the shareholders of Parent during the Voting
Period with respect to the matters set forth in Section 4.1. 
 (b) It is hereby agreed that the Authorized
Parties will use any Proxy granted by any Shareholder solely in accordance with applicable Law and will only vote the Shares subject to such Proxy with respect to the matters and in the manner specified in Section 4.1 hereof. Subject to the
foregoing sentence, following the grant of a Proxy pursuant to Section 4.2(a), the vote of an Authorized Party shall control in any conflict between the vote by an Authorized Party of such Shares and any other vote by such Shareholder of its
Shares during the Voting Period. 
 (c) Each Shareholder hereby affirms that any Proxy granted pursuant to this
Section 4.2 is given by such Shareholder in connection with, and in consideration of, the execution of the Plan of Amalgamation by the Company, and that any such Proxy will be given to secure the performance of the duties of such Shareholder
under this Agreement. 
  

 6 

 (d) Any Proxy granted pursuant to this Section 4.2 by such Shareholder
shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such Shareholder. Any Proxy granted hereunder shall terminate, and any underlying appointment
shall automatically be revoked and rescinded and of no force and effect, upon the termination of this Agreement. 
 (e) Each Shareholder hereby acknowledges that Parent has agreed, pursuant to Section 5.1 of the Plan of Amalgamation, to recognize the Proxy at any meeting of the shareholders of Parent during the Voting Period. Each Shareholder hereby
further agrees that it will not intentionally take any action or fail to take any action with the primary purpose of causing Parent to fail to recognize such Proxy. 
 4.3. Other Voting. Each Shareholder shall vote on all issues other than those specified in Section 4.1 hereof that may come before a meeting of, or action by written consent by, the
shareholders of Parent in its sole discretion; provided that such vote or consent does not contravene the provisions of this Section 4. For the avoidance of doubt, the Company shall not have the right to be granted any proxy of a
Shareholder in connection with any such vote. 
 SECTION 5. Further Assurances. Each Shareholder shall, from time to
time, perform such further acts and execute and deliver, or cause to be executed and delivered, such additional or further consents, documents and other instruments as the Company may reasonably request in writing for the purpose of effectuating the
matters covered by this Agreement or that are necessary to vest in the Company the power to carry out and give effect to the provisions of this Agreement. 
 SECTION 6. Termination. This Agreement and the obligations hereunder shall automatically terminate on the first to occur of (a) the termination of the Plan of Amalgamation in accordance with
its terms, (b) a written agreement between the Company and a Shareholder to terminate this Agreement (provided that in the case of this clause (b) any such termination shall be effective only with respect to such Shareholder or
Shareholders party to such agreement to terminate, and not any other shareholder of Parent party to this Agreement or a similar agreement with the Company), (c) the Effective Time and (d) in the case of any Shareholder who is not a
director of Parent and who is not identified on Schedule A attached hereto as having a designee on Parent’s Board of Directors, the Plan of Amalgamation is amended to increase the Consideration to be paid to the shareholders of the
Company in connection with the Amalgamation. The representations, warranties, obligations and agreements of the parties contained in this Agreement shall not survive any termination of this Agreement; provided that

  

 7 

 
in the event this Agreement is terminated under clause (a) of the preceding sentence, no party shall be relieved from its liability for any willful and material breach of its obligations
hereunder committed prior to such termination. For the avoidance of doubt, the Voting Period will automatically end when this Agreement is terminated in accordance with this Section 6. 
 SECTION 7. Miscellaneous. 
 7.1. Publication. Each Shareholder hereby permits Parent and the Company to publish and disclose in any proxy statement or prospectus (including any document or schedule filed with the SEC) or any
other regulatory filings in connection with the Plan of Amalgamation such Shareholder’s identity and ownership of Parent Common Shares, the other information set forth on Schedule A attached hereto, and the nature of its commitments,
arrangements and understandings pursuant to this Agreement. 
 7.2. Expenses. All costs and expenses (including the fees
and expenses of investment bankers, accountants and counsel) incurred in connection with the transactions contemplated by this Agreement shall be paid by the party incurring such costs and expenses. 
 7.3. Entire Agreement; No Third Party Beneficiaries. 
 (a) This Agreement, including the Proxy and Schedule A attached hereto, constitutes the entire agreement and
supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof; provided that if there is any conflict between this Agreement and the Plan of Amalgamation, this Agreement
shall control. This Agreement is intended to create a contractual relationship between each Shareholder, on the one hand, and the Company, on the other hand, and is not intended to create, and does not create, any agency, partnership, joint venture
or any like relationship among the parties hereto. Without limiting the generality of the foregoing, each Shareholder (i) is entering into this Agreement solely on its own behalf and, except as expressly set forth in this Agreement, shall not
have any obligation to perform on behalf of any other shareholder of Parent and (ii) by entering into this Agreement does not intend to form a “group” for purposes of Rule 13d-5(b)(1) of the Exchange Act or any other similar provision
of applicable Law with any other shareholder of Parent. Each Shareholder is not Affiliated with any other holder of Shares entering into a voting agreement with the Company in connection with the Plan of Amalgamation and has acted independently
regarding such Shareholder’s decision to enter into this Agreement. The Company acknowledges and agrees that (A) absent an express statement in a representation, warranty, covenant or agreement to joint liability between or among a group
of Shareholders specifically identified by name in such representation, warranty, covenant or agreement, all representations, warranties, covenants and agreements of the Shareholders in this Agreement shall be made on a several, and not joint, basis
and (B) in accordance with and subject to the foregoing, no Shareholder shall have any liability or obligation for any breach or violation of, or failure to perform under, this Agreement by any other Shareholder. 
  

 8 

 (b) This Agreement is not intended to, and shall not, confer upon any Person
not a party hereto any rights or remedies hereunder. 
 7.4. Assignment. Except as expressly permitted in an applicable
Parent Lock-Up Agreement, a Shareholder may not assign any rights or delegate any obligations under this Agreement without the prior written consent of the Company. The Company may not assign any rights or delegate any obligations under this
Agreement, in each case, with regard to a Shareholder without the prior written consent of such Shareholder. Any such purported assignment or delegation made in violation of the foregoing shall be null and void. 
 7.5. Parties in Interest. This Agreement shall be binding upon, inure solely to the benefit of, and be enforceable by, the parties
hereto and their successors and permitted assigns (including, for the avoidance of doubt, a Shareholder’s heirs, legal representatives, successors and assigns). 
 7.6. Amendment; No Waiver. This Agreement may not be amended except by an instrument in writing between the Company and any Shareholder; provided that any amendment shall be effective only
with respect to such Shareholder. Neither the failure nor any delay by any party hereto in exercising any right, power or privilege under this Agreement will operate as a waiver of such right, power or privilege, and no single or partial exercise of
any such right, power or privilege will preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege. In addition, (a) no claim or right arising out of this Agreement can be
discharged by any party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by such party, (b) no waiver that may be given by any party will be applicable except in the specific instance for which it
is given and (c) no notice to or demand on a party will be deemed to be a waiver of any obligation of such party and no notice from or demand by a party will be deemed to be a waiver of such party’s right to take further action without
notice or demand as provided in this Agreement. 
 7.7. Severability. If any term or other provision of this Agreement is
invalid, illegal or incapable of being enforced by any rule of Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of this
Agreement is not affected in any manner adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so
as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the terms of this Agreement remain as originally contemplated to the fullest extent possible. 
  

 9 

 7.8. Notices. All notices and other communications hereunder shall be in writing and
shall be deemed duly given (a) on the date of delivery if delivered personally, (b) by facsimile upon confirmation of receipt or (c) on the second Business Day following the date of dispatch if delivered by a recognized express
courier service. All notices hereunder shall be delivered as set forth below or pursuant to such other instructions as may be designated in writing by the party to receive such notice. 
 if to the Company: 
 Harbor Point Re Limited 
 Chesney House 
 96 Pitts Bay Road 
 Pembroke HM 08 
 Bermuda 
 Attention:
Carol Rivers 
 Facsimile: +1 (441) 296-1827 
 with a copy (which shall not constitute notice) to: 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036 
 Attention: Todd E. Freed, Esq. 
                  Phyllis Korff, Esq. 
 Facsimile: +1 (212) 735-2000 
 if to a Shareholder, at its respective address set forth on Schedule A attached hereto. 
 7.9. Governing Law. This Agreement shall be governed in all respects, including as to validity, interpretation and effect, by the Laws of the State of New York, without giving effect to its
principles or rules of conflict of Laws. In furtherance of the foregoing, the parties hereby acknowledge and agree that it is their intent that the Chosen Courts (as defined below) not apply the internal affairs doctrine for the purposes of any
litigation, action, suit or other proceeding with respect to the subject matter hereof. 
 7.10. Specific Performance;
Submission to Jurisdiction. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly
agreed that, subject to the discretion of the Chosen Courts, the parties shall be entitled to an injunction or injunctions to prevent breaches or violations of this Agreement and to enforce specifically the terms and provisions of this Agreement,
this being in addition to any other remedy to which they are entitled at law or in equity. Moreover, and in recognition of the foregoing, each of the parties hereby waives (a) any defense in any action for

  

 10 

 
specific performance of this Agreement that a remedy at law would be adequate and (b) any requirement under any Law for any party to post security as a prerequisite to obtaining equitable
relief. Each party irrevocably and unconditionally consents, agrees and submits to the jurisdiction of the United States District Court for the Southern District of New York or any New York State court, in each case, located in the Borough of
Manhattan and not in any other State or Federal court in the United States of America or any court in any other country (and appropriate appellate courts therefrom) (the “Chosen Courts”), for the purposes of any litigation, action,
suit or other proceeding with respect to the subject matter hereof. Each party agrees to commence any litigation, action, suit or proceeding relating hereto only in the Chosen Courts. Each party irrevocably and unconditionally waives any objection
to the laying of venue of any litigation, action, suit or proceeding with respect to the subject matter hereof in the Chosen Courts, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that
any such litigation, action, suit or proceeding brought in any such court has been brought in an inconvenient forum. The parties agree that a final judgment in any such litigation, action, suit or proceeding shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by applicable Law. 
 7.11.
Interpretation. The parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the
parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. When a reference is made in this Agreement to a section or subsection, such reference shall
be to a section or subsection of this Agreement unless otherwise indicated. The phrases “the date of this Agreement”, “the date hereof” and terms of similar import, will be deemed to refer to March 3, 2010. The headings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation.” The words “herein,” “hereof,” “hereunder” and words of similar import shall be deemed to refer to this Agreement as a whole,
including Schedule A hereto, and not to any particular provision of this Agreement. Any pronoun shall include the corresponding masculine, feminine and neuter forms. References to “party” or “parties” in this Agreement
mean the Company and each of the Shareholders, as the case may be. 
 7.12. Counterparts. This Agreement may be executed
in separate counterparts, each of which shall be considered one and the same agreement and shall become effective when each of the parties has delivered a signed counterpart to the other parties, it being understood that all parties need not sign
the same counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission or electronic “.pdf” shall be effective as delivery of a manually executed counterpart hereof. 
 [Rest of page intentionally left blank] 
  

 11 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed as
of the date first above written. 
  

			
	HARBOR POINT LIMITED
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	[SHAREHOLDER]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 2 

 Schedule A 
  

											
	 Name and Address
	 	 Number of
 Parent Common
 Shares Owned as of
 March 3, 2010
	 	 Number of
 Parent Stock
 Options Owned
 as of
 March 3, 2010
	 	 Number of
 Parent Restricted
 Common Shares
 Owned as of
 March 3, 2010
	 	 Number of Parent
 Restricted Share
 Units Owned as of
 March 3, 2010
	 	 Number of Parent
 Warrants Owned
 as of March 3, 2010Form of Company Lock-Up Agreement, dated as of March 3, 2010

 Exhibit 10.3 
 FORM OF COMPANY LOCK-UP AGREEMENT 
 March 3, 2010 
 Max Capital Group Ltd. 
 Max House 
 2 Front Street 
 Hamilton, HM 11 
 Bermuda 
 Re: Max Capital Group Ltd. – Lock-Up Agreement 
 Ladies and Gentlemen: 
 1. In connection with the Agreement and Plan of
Amalgamation (the “Plan of Amalgamation ”), dated as of March 3, 2010, by and among Harbor Point Limited, a Bermuda exempted company (the “Company”), Max Capital Group Ltd., a Bermuda exempted company
(“Parent”), and Alterra Holdings Limited, a Bermuda exempted company and a wholly owned subsidiary of Parent (the “Amalgamation Sub”), the undersigned has agreed, as set forth below, to refrain from disposing of
(a) the Class A voting common shares of the Company (“Company Common Shares”) and other securities of the Company and (b) the Parent voting common shares (the “Parent Common Shares”) and other
securities of Parent acquired in the Amalgamation, in each case held by it subject to, and in accordance with, the terms set forth below. Capitalized terms used in this letter agreement (this “Agreement”) and not otherwise defined
herein shall have the meanings assigned to them in the Plan of Amalgamation. 
 2. (a) The undersigned is the record and
beneficial owner (as defined in Rule 13d-3 of the Exchange Act, which meaning will apply for all purposes of this Agreement whenever the term “beneficial” or “beneficially” is used), as of the date hereof, of the Company Common
Shares, Company Stock Options and Company Restricted Shares and the Company Common Shares represented by the Warrant Percentage in the Company Warrants to the extent applicable set forth on Schedule I attached hereto, which as of
March 3, 2010 (the “Reference Date”) constituted all of the Company Common Shares and other securities convertible into or exercisable for any Company Common Shares, whether vested or unvested, owned of record or beneficially
by the undersigned. 
 (b) For the purpose of this Agreement, “Company Subject Shares” shall mean,
collectively, the Company Common Shares, Company Stock Options and Company Restricted Shares and the Company Common Shares represented by the Warrant Percentage in the Company Warrants set forth on Schedule I attached hereto, together with
(i) any Company Common Shares issued on the exercise of Company Stock Options and Company Warrants, (ii) any Company Restricted Shares that vest after the Reference Date and (iii) any Company Common Shares or other securities of the
Company acquired following the Reference Date but prior to the Effective Time. 

 3. Effective as of the Effective Time, the Company Subject Shares owned by the undersigned
will be converted into Parent Common Shares, Company Converted Restricted Shares, Company Converted Options and New Parent Warrants on the terms set forth in the Plan of Amalgamation (such Parent Common Shares, Company Converted Restricted Shares,
Company Converted Options and New Parent Warrants together with (a) any Parent Common Shares issued on the exercise of such Company Converted Options and New Parent Warrants, (b) any Company Converted Restricted Shares that vest after the
Effective Time and (c) any Company Subject Shares are collectively referred to as the “Subject Shares”). For the avoidance of doubt, Subject Shares shall not include Parent Common Shares or other securities of Parent acquired
by the undersigned pursuant to any transaction other than the Amalgamation. 
 4. In consideration of the willingness of the
Company, Parent and the Amalgamation Sub to enter into the Plan of Amalgamation, the benefits received by the undersigned in connection with the consummation of the Amalgamation, and of other good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, the undersigned agrees that, during the period from the date of this Agreement until one hundred eighty (180) days following the Effective Time (the “Lock-Up Period”), subject to
Section 5 below, the undersigned will not, and will not offer or agree to, directly or indirectly, (a) sell (including any short sale), transfer, tender, encumber, assign or otherwise dispose of or (b) enter into any contract, option,
derivative, swap, hedging or other agreement or arrangement or understanding (including any profit or loss-sharing arrangement) with respect to or related to, any Subject Shares which the undersigned owns of record or beneficially, except
(i) in a transaction required under applicable Law or (ii) with the prior written approval of at least a majority of the members of the board of directors of Parent. For the avoidance of doubt, the foregoing restrictions are expressly
agreed to preclude the undersigned from engaging in any hedging or other transaction that is designed to or that reasonably could be expected to lead to or result in a sale or disposition of the Subject Shares (or the economic benefit thereof) even
if such Subject Shares would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any purchase, sale or grant of any right (including without limitation any put or call
option) with respect to any of the Subject Shares or with respect to any security that includes, relates to, or derives any significant part of its value from such Subject Shares. 
 5. Notwithstanding the foregoing, the undersigned may (a) transfer Subject Shares to (i) any Affiliate of the undersigned or
(ii) if the undersigned is an individual, to any Family Transferee; (provided, however, that in any such case, it shall be a condition to the transfer that the transferee execute an agreement stating that the transferee is
receiving and holding any such Subject Shares subject to the provisions of this Agreement and there shall be no further transfer of such Subject Shares except in accordance with this Agreement), (b) with respect to any equity awards or warrants
owned by the undersigned that would expire during the Lock-Up Period, surrender or otherwise dispose of such equity awards or warrants to the Company or Parent in connection with the exercise thereof and (c) sell, transfer, tender, assign,
surrender or otherwise dispose of Subject Shares to Parent, the Company or to any other Person to satisfy the payment of withholding income or other applicable taxes resulting from the vesting or exercising of any equity awards of Parent or the
Company owned of record or beneficially by the undersigned. In the case of a disposition under clause (c) above, the undersigned agrees to provide documentation and information to the Parent or the Company, as applicable, supporting

  

 2 

 
the sale of a specified number of Company Common Shares or Parent Common Shares, as applicable, at least three (3) Business Days prior to any such disposition. The undersigned also agrees
and consents to the entry of stop transfer instructions with Parent’s transfer agent and registrar against the transfer of the undersigned’s Subject Shares except in compliance with the foregoing restrictions. For the purposes of this
Agreement, “Family Transferee” shall mean a (x) Shareholder’s spouse, immediate family members or lineal descendants or (y) any trust, the beneficiaries of which, or corporation, limited liability company or
partnership, the shareholders, members or general or limited partners of which, include only persons described in clause (x). In addition, to the extent that the undersigned is an individual, the transfer restrictions set forth in this Agreement
shall not apply following the undersigned’s death, termination of employment by Parent, the Company or any of their respective subsidiaries for “Disability,” termination of employment by Parent, the Company or any of their respective
subsidiaries without “Cause,” termination of employment by the undersigned for “Good Reason,” termination of employment for “Retirement” or due to a “Change in Control” (each as defined in the applicable
agreements between the undersigned and the Company). 
 6. Subject to paragraph 10 hereof, the undersigned hereby agrees that,
until the Plan of Amalgamation is terminated in accordance with its terms, it shall, and shall use reasonable best efforts to cause its Representatives to, comply with the covenants set forth in Section 5.4(a) of the Plan of Amalgamation
applicable to the Company as if such covenants were applicable to the undersigned. 
 7. The undersigned hereby acknowledges and
agrees that it shall not be entitled to any Consideration or other payment in exchange for any equity or other interests in the Company owned of record or beneficially by the undersigned as of the Reference Date except as set forth on Schedule
I attached hereto. The undersigned further agrees not to make any claim against Parent or any of its Affiliates (including the Amalgamated Company) following the Closing pursuant to Article II of the Plan of Amalgamation that is made in reliance
on any fact or matter as of the Reference Date that is inconsistent with Schedule I attached hereto or its representations and warranties set forth in paragraph 2(a) hereof. 
 8. In the case of any undersigned who is not an individual, the undersigned hereby acknowledges and agrees that as of the Effective Time it
shall not have any rights to appoint or nominate a director or observer or have any similar rights with respect to the board of directors of Parent or any of its Subsidiaries. 
 9. The undersigned hereby agrees to execute and deliver, on or prior to the date of the Company Shareholder Meeting, an instrument and other
documents reasonably requested by Parent agreeing to and approving the termination of the Securityholders’ Agreement effective as of the Effective Time. 
 10. All agreements and understandings made herein shall be made solely in the undersigned’s capacity as a holder of Subject Shares and, to the extent the undersigned is a director or officer of the
Company, not in the undersigned’s capacity as a director or officer of the Company. For the avoidance of doubt, Parent and the undersigned acknowledge and agree that (a) to the extent the undersigned is a director of the Company (or has a
designee on the board of directors of the Company), the undersigned (or such designee) shall be free to act in his

  

 3 

 
or her capacity as a director of the Company in accordance with his or her duties to the Company, (b) nothing herein shall prohibit or restrict any person described in clause (a) above
from taking any action in facilitation of the exercise of his or her duties pursuant to the Plan of Amalgamation (including pursuant to Section 5.4 thereof) or otherwise, (c) to the extent the undersigned is an officer of the Company,
nothing herein shall prohibit or restrict the undersigned from taking any action, or failing to take any action, in his or her capacity as an officer of the Company and in facilitation of the exercise of his or her duties to the Company as the
undersigned determines in good faith is required to comply with the direction of the board of directors of the Company and (d) no action taken by any person described in clauses (a) through (c) above acting in the capacities described
therein shall be deemed to be a breach or violation by the undersigned of this Agreement. 
 11. Except as expressly provided in
this Agreement, the undersigned may not assign any rights or delegate any obligations under this Agreement without the prior written consent of Parent. Parent may not assign this Agreement without the prior written consent of the undersigned. Any
such purported assignment or delegation made in violation of the foregoing shall be null and void (in addition to any other remedy to which the other party is entitled at law or in equity in connection with such violation). 
 12. The undersigned hereby permits the Company and Parent to publish and disclose in any proxy statement or prospectus (including any
document or schedule filed with the SEC) the undersigned’s identity and ownership of Subject Shares and the nature of its commitments, arrangements and understandings pursuant to this Agreement. 
 13. This Agreement shall be governed in all respects, including as to validity, interpretation and effect, by the Laws of Bermuda, without
giving effect to its principles or rules of conflict of Laws. 
 14. The parties agree that irreparable damage would occur in
the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other remedy to which such party is entitled at law or in equity. Moreover, and in recognition of the foregoing, each of
the parties hereby waives (a) any defense in any action for specific performance of this Agreement that a remedy at law would be adequate and (b) any requirement under any law for any party to post security as a prerequisite to obtaining
equitable relief. 
 15. Each party irrevocably and unconditionally consents, agrees and submits to the jurisdiction of the
Bermuda Supreme Court (and appropriate appellate courts therefrom) (the “Chosen Courts”), for the purposes of any litigation, action, suit or other proceeding arising out of this Agreement or any transaction contemplated hereby.
Each party agrees to commence any litigation, action, suit or proceeding relating hereto only in the Bermuda Supreme Court, or if such litigation, action, suit or other proceeding may not be brought in such court for reasons of subject matter
jurisdiction, in the other appellate courts therefrom or other courts of Bermuda. Each party irrevocably and unconditionally waives any objection to the laying of venue of any litigation, action, suit or proceeding arising out of this Agreement in
the Chosen Courts, and

  

 4 

 
hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such litigation, action, suit or proceeding brought in any such court has been
brought in an inconvenient forum. The parties agree that a final judgment in any such litigation, action, suit or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by
applicable Law. 
 16. The parties have participated jointly in negotiating and drafting this Agreement. In the event that an
ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of
any provision of this Agreement. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless
remain in full force and effect so long as the economic or legal substance of this Agreement is not affected in any manner adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being
enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the terms of this Agreement remain as
originally contemplated to the fullest extent possible. 
 17. This Agreement may not be amended except by an instrument in
writing between the parties. Neither the failure nor any delay by any party hereto in exercising any right, power or privilege under this Agreement will operate as a waiver of such right, power or privilege, and no single or partial exercise of any
such right, power or privilege will preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege. In addition, (a) no claim or right arising out of this Agreement can be
discharged by any party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by such party, (b) no waiver that may be given by any party will be applicable except in the specific instance for which it
is given and (c) no notice to or demand on a party will be deemed to be a waiver of any obligation of such party and no notice from or demand by a party will be deemed to be a waiver of such party’s right to take further action without
notice or demand as provided in this Agreement. 
 18. This Agreement, including the schedule attached hereto, contains the
entire agreement between the parties concerning the subject matter hereof and supersedes and nullifies all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the parties with respect to the
subject matter hereof. 
 19. This Agreement may be executed in separate counterparts, each of which shall be considered one and
the same agreement and shall become effective when each of the parties has delivered a signed counterpart to the other parties, it being understood that all parties need not sign the same counterpart. Delivery of an executed signature page of this
Agreement by facsimile transmission or electronic “.pdf” shall be effective as delivery of a manually executed counterpart hereof. 
 20. This Agreement shall terminate automatically and without further action by any party on the earlier of (i) the date on which the Plan of Amalgamation is terminated in accordance with its terms
and (ii) the expiration of the Lock-Up Period; provided that in the event the Closing occurs, paragraphs 2(a), 7, 8, 10, 13, 14, 15, 17 and this paragraph 19 shall survive indefinitely. 
 [Rest of page intentionally left blank] 
  

 5 

 The undersigned understands that the Company, Parent and the Amalgamation Sub are relying
upon this Agreement in entering into the Plan of Amalgamation and in proceeding towards consummation of the Amalgamation. The undersigned further understands that this Agreement shall be binding upon the undersigned’s heirs, legal
representatives, successors, and permitted assigns. 
  

			
	Very truly yours,
	
	[SHAREHOLDER]
	
	[                                       
                                         
]
		
	[By:	 	  

	Name:	 	
	Title:]	 	

  

			
	Acknowledged and agreed as of the date first written above:
	
	MAX CAPITAL GROUP LTD.
		
	By:	 	  

	Name:	 	
	Title:	 	

 Schedule I 
  

									
	 Name and Address
	  	 Number of
 Company Common Shares
 Owned as of
 March 3, 2010
	  	Number of
Company Options
Owned as
of
March 3, 2010	  	Number of
Company Restricted
Common Shares
Owned as of
March 3, 2010	  	Warrant Percentage
as of
March 3, 2010
		  		  		  		  	

  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}]]