Document:

EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This Separation Agreement and General Release (“Agreement”) is made between Mondelēz Global LLC (and any currently or
previously-affiliated companies, parent companies, successors or predecessors, including Mondelēz International, Inc., Kraft Foods Inc., Kraft Foods Group, Inc., and Kraft Foods Global, Inc., hereafter, collectively referred to herein as,
“MG” or the “Employer”) and Roberto de Oliveira Marques (“Marques” or the “Employee”) (the Employer and Employee are collectively referred to herein as the “Parties”). 

Marques has been employed by MG as the Executive Vice President and President, North America. Since Marques’s employment relationship
with MG is ending, MG has offered Marques benefits as set forth in this Agreement certain of which are benefits greater than what Marques is entitled to otherwise receive, and Marques has decided to accept MG’s offer. Therefore, Marques and MG
both agree and promise as follows: 
 1. Employment Termination: Marques’s last day of employment with MG is
April 30, 2017 (“Last Day Worked” or “Termination Date”). Marques will be paid for twenty-three (23) unused 2017 PTO days, less applicable deductions, as soon as administratively practicable following the Termination
Date. After the Termination Date, Marques will not represent himself as being an employee, officer, attorney, agent or representative of MG for any purpose. 

2. Sufficiency of Consideration: Marques understands, acknowledges and agrees that the payment of benefits described in this
Agreement, including payments and benefits described in Section 3 herein, are conditioned upon his execution of this Agreement and are, in significant and substantial part, in addition to those benefits to which he is otherwise entitled.
Marques acknowledges and agrees that MG has – apart from this Agreement – paid him for all wages that were due to him. 

  
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 3. Consideration: In exchange for the promises and releases in this Agreement, and
provided Marques does not revoke the Agreement as permitted in Section 13 below, MG will provide Marques with the following benefits and payments: 

a) For a period of twelve (12) months, MG will pay Marques the total amount of Eight Hundred Seventy-Five Thousand and No Cents
($875,000.00), less all required local, state and federal tax deductions, in equal installments on a bi-weekly basis starting on MG’s first full pay period following the date this Agreement is executed (“Agreement Date”) and following
the expiration of the revocation period set forth in Section 13 below. Additionally, MG will pay Marques the amount of Twenty Thousand and No Cents ($20,000.00), less all required local, state and federal tax deductions, in a lump sum within
sixty (60) days following the Agreement Date. 
 b) For a period of twelve (12) months following the Agreement Date, MG will
provide outplacement services to Marques, by a firm mutually selected by Marques and MG and paid for by MG. Such outplacement services will be made available to Marques immediately upon his execution and non-revocation of this Agreement. Marques
will also be reimbursed as soon as administratively possible for any expenses submitted for use of his financial planner through December 31, 2017 at the maximum annual amount of $7,500 and, in addition, MG will pay all reasonable
attorneys’ fees associated with review of this Agreement. 
 c) Marques will receive a pro-rated 2017 Management Incentive Plan
(“MIP”) award based on the number of days worked from January 1, 2017 through the Last Day Worked, to be paid at target performance (100%) for the individual performance component and

  
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actual performance for the Company performance component. This payment, less applicable deductions, will be made no later than March 15, 2018 at the same time 2017 MIP awards are paid to
employees generally. Marques will not be eligible to receive any other MIP payments. 
 d) Following Marques’s Last Day Worked,
Marques will immediately vest in 4,134 outstanding unvested stock options granted on March 9, 2015 and 4,173 outstanding unvested stock options granted on February 22, 2016. In accordance with the grant agreements, Marques shall have
no more than twelve (12) months or the original expiration date, if sooner, to exercise any vested stock options, including all stock options vesting pursuant to this Agreement. Marques shall forfeit all other unvested outstanding stock
options. The administrative time it takes to complete these transactions may be up to 8 weeks from the Agreement Date. 
 e) Following
Marques’s Last Day Worked, per that certain Offer Letter, between MG and Marques, dated February 20, 2015 (“Offer Letter”), Marques shall immediately vest in all 261,784 outstanding unvested “sign-on” incentive
nonqualified stock options and all 52,360 unvested outstanding restricted stock granted on March 9, 2015. Applicable tax withholding (and any other withholding of payroll taxes) will be satisfied by deducting the number of shares equal in
value to the amount of the withholding requirements from Marques’s stock awards; therefore, the number of shares deposited into Marques’s account following vesting will be net of the shares used to satisfy applicable withholding taxes
(rounded up to the nearest whole share). The administrative time it takes to complete these transactions may be up to 8 weeks from the termination date. 

f) Following Marques’s Last Day Worked, Marques will be eligible to receive a prorated award of Marques’s outstanding performance
share units granted on March 9, 2015, February 22, 2016 and February 16, 2017 based on the actual performance of the 

  
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Company. If such performance share units satisfy the minimum performance thresholds for an award, then for each outstanding grant of performance share units subject to pro rata vesting
Marques will receive shares, less required deductions, based on the number of months of participation from the beginning of the applicable performance cycle through Marques’s Last Day Worked, at the actual business rating as determined by the
Human Resources and Compensation Committee of the Board of Directors. Such shares (if any) net of required withholding shall be issued after the conclusion of the applicable performance period, and no later than March 15 of the year
following the end of the performance cycle. Marques shall forfeit all other unvested outstanding performance share units. Applicable tax withholding (and any other withholding of payroll taxes) will be satisfied by deducting the number of
shares equal in value to the amount of the withholding required; therefore, the number of shares deposited into Marques’s account following the award date will be net of the shares used to satisfy applicable withholding taxes (rounded up to the
nearest whole share). 
 g) Subject to the underlying terms and conditions of the applicable plans, Marques will receive compensation and
benefits as provided for under MG’s retirement and benefits plans available to employees generally; provided, however, Marques will not be entitled to any other compensation or benefits not provided in this Agreement nor is Marques entitled to
any severance under the Mondelēz Global LLC Severance Pay Plan for Salaried Exempt Employees. Marques will not be entitled to any other compensation or benefits not provided in this Agreement. Marques understands, acknowledges and agrees that
the payment of benefits described in this Agreement, including payments and benefits described in Section 3 herein, except for the options and restricted stock described in Section3(c), respectively, which are provided for in the Offer Letter,
are conditioned upon his execution of this Agreement. Marques 

  
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acknowledges and agrees that the sums and benefits to be provided under the terms of this Agreement are, in significant and substantial part, in addition to those benefits to which he is
otherwise entitled. Marques may revoke this Agreement within seven (7) days after he signs it by giving written notice to MG. To be effective, this revocation must be received by the close of business on the 7th calendar day after Marques signs
this Agreement. If Marques revokes this Agreement, he understands that he will not receive the benefits that are conditioned upon his execution of the Agreement. This Agreement will not become effective or enforceable unless and until the seven-day
revocation period has expired without Marques revoking it. 
 h) For purposes of clarity, nothing in this Agreement obligates Marques to
seek other employment or to take any action by way of mitigation of the amounts payable to and benefits provided to him under any of the provisions of this Agreement and such amounts and benefits will remain payable to Marques in accordance with the
terms of this Agreement regardless of whether he obtains other employment. 
 4. Complete Release and Waiver of Claims: 

a) Marques is aware of his legal rights concerning his employment with MG. In exchange for the promises of MG above, Marques agrees to
irrevocably and unconditionally release (i.e. give up) any and all claims he may now have against MG and agrees not to sue MG and any currently or previously-affiliated companies, parent companies, successors or predecessors, and their
officers, directors, agents and employees, arising out of the employment relationship between Marques and MG (the “Release”). This Release includes, but is not limited to, all claims under Title VII of the Civil Rights Acts of 1964 and
1991, the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the Sarbanes-Oxley Act of 2002, the Employee Retirement Income

  
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Security Act, the New Jersey Law Against Discrimination, the New Jersey Family Leave Act, the New Jersey Conscientious Employee Protection Act, and any other federal, state or local law dealing
with employment discrimination, as well as any claims for breach of contract, wrongful discharge, and tort claims; claims for wages, benefits or severance pay; claims for attorneys’ fees; and any other claim or action whatsoever. This general
release and waiver does not contain a waiver of rights or claims that may arise after the date the Agreement is executed by Marques, and also excludes any claims made under the New Jersey Wage Payment Law, New Jersey Wage and Hour Law and
retaliation claims under the New Jersey Workers’ Compensation Law and/or any claims which cannot be waived by law. Nor shall this Agreement preclude Marques from bringing a charge or suit to challenge the validity or enforceability of this
Agreement under the Age Discrimination in Employment Act (29 U.S.C. § 620 et seq.) as amended by the Older Worker’s Benefit Protection Act. Notwithstanding for above, nothing in this paragraph shall be construed to waive Marques’s
rights to (i) the payments and benefits provided for in this Agreement; (ii) any vested benefits (or restricted stock units, stock options and performance share units specifically stated to vest in Section 3 above) under MG’s
performance incentive, management incentive, retirement and benefit plans; and (iii) indemnification from MG arising from applicable law or the Company’s Certificate of Incorporation, By-Laws, or the Company’s insurance policies, for
any of his acts (or failures to act) made in good faith while Marques was employed by MG. MG will follow its standard practices then in place regarding advancement of legal fees in the event Marques invokes his rights to indemnification under the
Company’s Certificate of Incorporation, By-Laws, or the Company’s insurance policies. 

  
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 b) Specific Release of ADEA Claims: In further consideration of the payments and
benefits provided to the Employee in this Agreement, Marques hereby irrevocably and unconditionally fully and forever waives, releases and discharges MG from any and all Claims, whether known or unknown, from the beginning of time to the date of
Marques’s execution of this Agreement, arising under the Age Discrimination in Employment Act (ADEA), as amended, and its implementing regulations. 

5. Right to Participate in Agency Proceedings: Nothing in this Agreement is intended to limit or impair in any way
Marques’s right to file a charge with the U.S. Equal Employment Opportunity Commission (EEOC) or comparable state and local fair employment practices agencies (FEPAs), or Marques’s right to participate in any such charge filed with such
agencies and to recover any appropriate relief in any such action. 
 6. Cooperation: The Parties agree that certain matters
in which Marques has been involved during his employment may necessitate Marques’s cooperation with MG in the future. Accordingly, for a period of two (2) years following the Termination Date, to the extent reasonably requested
by MG and upon reasonable notice (subject to reasonable limitations concerning time and place), Marques shall cooperate with MG in connection with matters arising out of Marques’s service to the Employer, including those legal matters, both
known and unknown, about which Marques has personal knowledge and/or may be called as a witness; provided that MG shall make reasonable efforts to minimize disruption of Marques’s other activities. In the event MG requires Marques’s
cooperation in accordance with this Section 6, MG will (i) provide counsel of MG’s choice at MG’s expense; (ii) promptly reimburse Marques for reasonable and pre-approved, travel and other out-of-pocket expenses actually
incurred by him in connection with such cooperation; and (iii) if more than incidental cooperation is required from Marques, pay him if he is not receiving severance benefits at the time such cooperation is provided (other than for the time of
actual testimony) for any lost wages associated with time 

  
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away from work for witness preparation or attendance at deposition, trial or arbitration. If a conflict arises between MG and Marques, Marques shall be responsible for his own
attorney’s fees. This Section 6 shall not be considered a waiver of Marques’s right to assert his “Fifth Amendment” privilege. MG agrees to use reasonable efforts to minimize personal inconvenience to Marques in connection
with his cooperation by, for example, scheduling interviews and preparation sessions after work hours and/or by telephone when possible. 

7. Restrictive Covenants: 

(a) Non-Competition: Marques understands and agrees that the nature of his position with MG gave him access to and knowledge of highly
confidential information and placed him in a position of trust and confidence with MG. Because of MG’s legitimate business interests and in consideration for MG’s payment to Marques of the separation pay provided in Section 3 above,
Marques agrees that he will not engage in Prohibited Conduct for the twelve (12)-month period following the Termination Date (“Restricted Period”). 

(i) For purposes of this non-compete clause, “Prohibited Conduct” is conduct in which Marques contributes his knowledge of
confidential or proprietary information obtained during his employment with MG, directly or indirectly, in whole or in part, as an employee, employer, owner, operator, manager, advisor, consultant, agent, partner, director, officer, volunteer,
intern or any other similar capacity to a Listed Competitor without the written consent of MG’s Executive Vice President Global Human Resources, or designee, such consent to be provided by MG at its sole and absolute discretion, except that
such consent shall not unreasonably be withheld. 

  
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 (ii) For purposes of this non-compete clause, Listed Competitors include, but are not limited
to, the following companies: PepsiCo, Inc., Campbell Soup Company, The Coca-Cola Company, Kellogg Company, Mars, Inc., Nestle S.A., Ferrero Rocher, General Mills, Inc., Hershey Company, Groupe Danone, Perfetti Van Melle, Arcor, Unilever Group,
Lindt & Sprungli AG, and Yildiz Holding A.S., or any subsidiaries, affiliates or subsequent parent or merger partner, if any of these companies are acquired or become part of a merger. For purposes of this Agreement, “affiliate”
of a specified person or entity means a person or entity that directly or indirectly controls, is controlled by, or is under common control with, the person or entity specified. Nothing contained herein shall preclude Marques from working for a
company that provides consulting or financial advisory services whose clients include companies named above so long as Marques does not provide specific advice or services, derived from confidential or proprietary information obtained during his
employment with MG, directly to the Listed Competitors. 
 (b) Non-Solicitation of Employees: Marques understands and acknowledges
that MG has expended and continues to expend significant time and expense recruiting and training its employees and that the loss of employees would cause significant and irreparable harm to MG. Marques agrees and covenants not to directly or
indirectly solicit, hire, recruit, attempt to hire or recruit, or induce the termination of employment of any employee of MG during the Restricted Period. The foregoing shall not be violated by general advertising not targeted at MG employees or by
serving as a reference upon request. 
 (c) Restrictive Covenant Remedies: Should Marques engage in Prohibited Conduct at any time
during the Restricted Period, or solicit employees during the Restricted Period, he will be obligated to pay back to MG all payments received pursuant to this Agreement and MG will not be obligated to make any future payments pursuant to this
Agreement that are otherwise owed. This will be in addition to any other remedy that MG may have in respect of 

  
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such Prohibited Conduct. MG and Marques acknowledge and agree that MG will or would suffer irreparable injury in the event of a breach or violation or threatened breach or violation of the
provisions set forth in Sections 7, 8, 9 and 10 and agree that in the event of a breach or violation of such provisions MG will be awarded injunctive relief by a Court of competent jurisdiction to prohibit any such breach or violation, and that such
right to injunctive relief will be in addition to any other remedy which may be ordered by the Court or an arbitrator. The aforementioned equitable relief shall be in addition to, not in lieu of, legal remedies, monetary damages or any other
available forms of relief. 
 (d) Judicial Amendment: Marques and MG acknowledge the reasonableness of the agreements set forth in
this Section 7 and the specifically acknowledge the reasonableness of the geographic area, duration of time and subject matter that are part of the covenant not to compete contained in Section 7(a)(i)-(ii). Marques further acknowledges
that Marques’s skills are such that Marques can be gainfully employed in noncompetitive employment and that the parties’ agreement not to compete will in no manner prevent Marques from earning a living. Notwithstanding the foregoing, in
the event it is judicially determined that any of the limitations contained in this Section 7 are unreasonable, illegal or offensive under any applicable law and may not be enforced as agreed herein, the parties agree that the unreasonable,
illegal or offensive portions of this Section 7, whether they relate to duration, area or subject matter, shall be and hereby are revised to conform with all applicable laws and that this Agreement, as modified, shall remain in full force and
effect and shall not be rendered void or illegal. 

  
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 8. This Agreement to Be Kept Confidential: Marques understands that this Agreement
is unique to him and he agrees that it is confidential and that he will not disclose this Agreement or its terms to anyone other than (a) his legal or tax advisor, (b) his immediate family, (c) in a legal action to enforce the terms
of this Agreement, (d) the EEOC or similar state or local FEPA in connection with the filing or investigation of a charge, (e) a prospective employer (limited only to the Cooperation, Restrictive Covenants and Continuing Confidentiality
provisions) or (f) as ordered or required by law. Marques further agrees that if he discloses the existence of terms of this Agreement to anyone under (a) or (b) above, he will inform them of the confidentiality requirements of this
Section and require that they agree to be bound by such requirements. Nothing in this Agreement shall be construed to prohibit Marques from reporting conduct to, providing truthful information to or participating in any investigation or proceeding
conducted by any federal, state or local government agency or self-regulatory organization. 
 9. No Disparagement or Harm:
Marques agrees that, in discussing his relationship with MG and its affiliated and parent companies and their business and affairs, he will not disparage, discredit or otherwise treat in a detrimental manner MG, its affiliated and parent companies
or their officers, directors and employees. This Section does not, in any way, restrict or impede Marques from exercising protected rights including the right to communicate with any federal, state, or local agency or self-regulatory organization,
including any with which a charge has been filed, to the extent that such rights cannot be waived by agreement, or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government
agency, provided that such compliance does not exceed that required by the law, regulation or order. Marques shall promptly provide written notice of any such order to MG’s legal department. MG agrees that it will instruct the MG Leadership
Team and MG’s Board of Directors not to make, orally or in writing, posting on the internet, e-mail or any other means, any statement or take any actions that disparage or portray Marques in a negative light, (or make statements which they are
aware or should reasonably be aware is likely to disparage or portray him in a negative light) or impair his reputation. 

  
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 10. Continuing Confidentiality Obligation: Marques acknowledges that during the
course of his employment with MG, he has had access to, learned about and was entrusted with certain confidential and secret sales, marketing, strategy, financial, product, personnel, manufacturing, labor relations, technical and other proprietary
information and material (“Confidential Information”) which are the property of MG. Marques understands that the above list is not exhaustive, and that Confidential Information also includes other information that is marked or otherwise
identified as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and circumstances in which the information is known or used. Marques further understands and
acknowledges that this Confidential Information and MG’s ability to reserve it for the exclusive knowledge and use of MG is of great competitive importance and commercial value to MG, and that improper use or disclosure of the Confidential
Information by Marques might cause MG to incur financial costs, loss of business advantage, liability under confidentiality agreements with third parties, civil damages and criminal penalties. Marques agrees that, from the date he is presented with
this Agreement and following the Terminate Date, he will not communicate or disclose to any third party, or use for his own account, without the written consent of MG, any of the aforementioned information or material. 

If MG becomes aware of a situation where it appears that its trade secrets are being used and/or disclosed by Marques, it will enforce its
rights to the fullest degree allowed by law, including Federal or State trade secret law. An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that is made

  
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in confidence to a Federal, State, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law. An individual shall not be
held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. An individual
who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any
document containing the trade secret under seal; and does not disclose the trade secret, except pursuant to court order. 
 11. Return
of Company Property: Marques agrees to return all Company property in his possession, including documents, manuals, identification cards or badges, laptops, computers, telephones, mobile phones, hand-held electronic devices, credit cards,
electronically stored documents or files, physical files, handbooks, notes, keys and any other articles he has used in the course of his employment and any other Company property in his possession, no later than the Last Day Worked. 

12. Arbitration of Claims: In the event either Marques or MG contests the interpretation or application of any of the terms of
this Agreement, including, but not limited to, payments and benefits provided hereunder, the complaining party shall notify the other in writing of the provision that is being contested. If the Parties cannot satisfactorily resolve the dispute the
matter will be submitted to arbitration with JAMS. The arbitration will be conducted, and an arbitrator will be chosen, pursuant to the JAMS expedited Employment Arbitration Rules and Procedures. The arbitrator’s fees and expenses and filing
fees shall be borne by the losing (non-prevailing) Party. The hearing shall be held at a mutually agreeable location and the arbitrator 

  
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shall issue a written award which shall be final and binding upon the Parties. Marques agrees to waive the right to a jury trial. Notwithstanding anything contained in this Section 12 or
Section 7(c) to the contrary, MG shall each have the right to institute judicial proceedings against Marques or anyone acting by, through or under Marques, in order to enforce its rights under Sections 7, 8, 9 or 10 through specific
performance, injunction, or similar equitable relief. Claims not covered by arbitration are those claims seeking injunctive and other relief due to unfair competition, due to the use or unauthorized disclosure of trade secrets or confidential
information set forth in Sections 8 or 10, or breach of restrictive covenants set forth in Section 7. 
 13. Review and
Revocation: Marques acknowledges that, before signing this Agreement, he was given a period of twenty-one (21) days in which to consider it. Marques further acknowledges that: (a) he took advantage of this period to consider this
Agreement before signing it; (b) he has carefully read this Agreement, and each of its provisions; (c) if he initially did not think any representation he is making in this Agreement was true, or if he initially was uncomfortable making
it, he resolved all of his doubts and concerns before signing this Agreement; (d) Marques fully understands what the Agreement, and each of its provisions, means; and (e) he is entering into the Agreement, and each of its provisions,
knowingly and voluntarily. MG encourages Marques to discuss this Agreement, and each of its provisions, with an attorney (at his own expense) before signing it. Marques acknowledges that he sought such advice to the extent he deemed appropriate. If
Marques signs this Agreement before the end of the twenty-one (21) day period, it will be his voluntary decision to do so because he has decided that he does not need any additional time to decide whether to sign this Agreement. Marques also
understands that he does not have more than twenty-one (21) days to sign this Agreement. If Marques does not sign this Agreement by the end of the twenty-one (21) day period, he 

  
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understands that it will become null and void. Marques also acknowledges and understands that MG would not have given him the special payments or benefits he is getting in exchange for this
Agreement but for his promises and representations he made by signing it. Further, by signing below, Marques acknowledges that he may revoke this Agreement at any time within seven (7) days of the date on which he signed it as described above
in Section 3(g). 
 14. Entire Agreement and Severability: This is the entire agreement between Marques and MG on the
subject matter of this Agreement. This Agreement may not be modified or canceled in any manner except by a writing signed by both Marques and an authorized Company official. Marques acknowledges that MG has made no representations or promises to
him, other than those in this Agreement. If any provision in this Agreement is found to be unenforceable, all other provisions will remain fully enforceable. The covenants set forth in this Agreement shall be considered and construed as separate and
independent covenants. Should any part or provision of any provision of this Agreement be held invalid, void or unenforceable in any court of competent jurisdiction, such invalidity, voidness or unenforceability shall not render invalid, void or
unenforceable any other part or provision of this Agreement. If the release and waiver of claims provisions of this Agreement are held to be unenforceable, the parties agree to enter into a release and waiver agreement that is enforceable. 

15. Governing Law: This Agreement, for all purposes, shall be governed under and construed in accordance with the laws of the
State of New Jersey without giving effect to any choice of law or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than New Jersey. Any action or proceeding by either of the Parties to enforce
this Agreement shall be brought only in a State or Federal court located in the State of New Jersey. The Parties consent to the personal jurisdiction of such courts and agrees not to claim that any such courts are inconvenient or otherwise
inappropriate. 

  
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 16. Section 409A: This Agreement is intended to comply with
Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this
Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as
separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this
Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a “separation from service” under Section 409A. Marques will be deemed to have
incurred a separation from service under Section 409A immediately following his Last Day Worked. 
 Since Marques is a “specified
employee” within the meaning of Section 409A, to the extent required in order to comply with Section 409A, any amounts or benefits to be paid or provided to Marques pursuant to this Agreement or otherwise that are considered
nonqualified deferred compensation under Section 409A will be delayed six (6) months to the first business day on which such amounts and benefits may be paid in compliance with said Section 409A. 

Notwithstanding the foregoing, the Employer makes no representations that the payments and benefits provided under this Agreement comply with
Section 409A and in no event shall the 

  
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Employer be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Employee on account of non-compliance with Section 409A. 

[SIGNATURE PAGE FOLLOWS] 

  
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 TAKE THIS AGREEMENT HOME, READ IT, AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT: IT INCLUDES
A RELEASE OF KNOWN AND UNKNOWN CLAIMS. IF YOU WISH, YOU SHOULD TAKE ADVANTAGE OF THE FULL CONSIDERATION PERIOD AFFORDED BY SECTION 13 AND YOU SHOULD CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT. 

 

			
	MONDELĒZ GLOBAL LLC:
		
	By:	 	 /s/ Karen J. May

		
	Title:	 	 Executive Vice President, Human Resources

		
	Date:	 	 May 21, 2017

  

			
	ROBERTO DE OLIVEIRA MARQUES:
		
	Signature:	 	 /s/ Roberto de Oliveira Marques

		
	Print Name:	 	 Roberto de Oliveira Marques

		
	Date:	 	 May 24, 2017

  
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AGREEMENT 
 Page 18 of 18Exhibit 101

		
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			FHCF Supplement Layer
		

		
			Reinsurance Contract
		

		
			Effective:  June 1, 2016
		

		
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			Federated National Insurance Company
		

		
			Sunrise, Florida
		

		
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			_______________________
		

		
			*****Portions of this document omitted pursuant to an application for an order for confidential treatment pursuant to Rule 24b-2 under the Exchange Act. Confidential portions of this document have been filed separately with the Securities and Exchange Commission.
		

		

		

		 

			

					

						 

					

					

						 

				
	

					

						16\F7V1085

					

					

						

				

		

			 

		

 

		
		

		
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						Reinsurer(s)

					
					
						Participation(s)

				
	
					
						﻿

					
					
						 

				
	
					
						American Standard Insurance Company of Wisconsin

					
					
						*%

				
	
					
						BGS Services (Bermuda) Limited 
  for and on behalf of Lloyd's Syndicate No. 2987

					
					
						*%

				
	
					
						Chubb Tempest Reinsurance Ltd.

					
					
						*%

				
	
					
						DaVinci Reinsurance Ltd.**

					
					
						*%

				
	
					
						Fidelis Insurance Bermuda Limited

					
					
						*%

				
	
					
						Hamilton Re, Ltd.

					
					
						*%

				
	
					
						Horseshoe Re Limited
 on behalf of and for the benefit of its Separate Account CC0024**

					
					
						*%

				
	
					
						Partner Reinsurance Company Ltd.

					
					
						*%

				
	
					
						Renaissance Reinsurance Ltd.**

					
					
						*%

				
	
					
						Securis Re II Ltd. Bermuda

					
						  in respect of its segregated account designated "SRB205"**

					
					
						*%

				
	
					
						Securis Re III Ltd. Bermuda

					
						  in respect of its segregated account designated "SRB305"**

					
					
						*%

				
	
					
						Securis Re V Ltd. Bermuda

					
						  in respect of its segregated account designated "SRB505"**

					
					
						*%

				
	
					
						Securis Re VI Ltd. Bermuda

					
						  in respect of its segregated account designated "SRB605"**

					
					
						*%

				
	
					
						Tokio Millennium Re AG, Bermuda Branch (Elementum Advisors Business)* *

					
					
						*%

				
	
					
						Tokio Millennium Re AG (Bermuda Branch)

					
					
						*%

				
	
					
						Transatlantic Reinsurance Company

					
					
						*%

				
	
					
						XL Bermuda Ltd.**

					
					
						*%

				
	
					
						﻿

					
					
						 

				
	
					
						Through Aon UK Limited trading as Aon Benfield (Placement Only)

					
					
						 

				
	
					
						Ascot Underwriting (Bermuda) Limited
  for and on behalf of American International Reinsurance Company, Ltd.

					
					
						*%

				
	
					
						General Insurance Corporation of India

					
					
						*%

				
	
					
						Länsförsäkringar Sak Forsäkringsaktiebolag (publ)

					
					
						*%

				
	
					
						Pioneer Underwriting Limited
  for and on behalf of PICC Property and Casualty Company Limited

					
					
						*%

				
	
					
						Pioneer Underwriting Limited 
  for and on behalf of Taiping Reinsurance Co. Ltd.

					
					
						*%

				
	
					
						Pioneer Underwriting Limited
  for and on behalf of Peak Reinsurance Company Limited

					
					
						*%

				
	
					
						﻿

					
					
						 

				
	
					
						Through Aon UK Limited trading as Aon Benfield

					
					
						 

				
	
					
						Lloyd's Underwriters and Companies
  Per Signing Page(s)

					
					
						*%

				
	
					
						Total

					
					
						*%

				

		
			﻿
		

		
			**Both the Company and the Subscribing Reinsurer sign the Interests and Liabilities Agreement.
		

		
			﻿
		

		
			﻿
		

		
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		Table of Contents
		

		
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						Article

					
					
						 

					
					
						Page

				
	1 
					
					
						Classes of Business Reinsured

					1 
				
	2 
					
					
						Commencement and Termination

					1 
				
	3 
					
					
						Territory

					3 
				
	4 
					
					
						Exclusions

					3 
				
	5 
					
					
						Retention and Limit

					4 
				
	6 
					
					
						Other Reinsurance

					5 
				
	7 
					
					
						Definitions

					5 
				
	8 
					
					
						Loss Occurrence

					6 
				
	9 
					
					
						Loss Notices and Settlements

					6 
				
	10 
					
					
						Cash Call

					7 
				
	11 
					
					
						Salvage and Subrogation

					7 
				
	12 
					
					
						Reinsurance Premium

					7 
				
	13 
					
					
						Sanctions

					8 
				
	14 
					
					
						Late Payments

					8 
				
	15 
					
					
						Offset

					9 
				
	16 
					
					
						Access to Records

					9 
				
	17 
					
					
						Liability of the Reinsurer

					10 
				
	18 
					
					
						Net Retained Lines (BRMA 32E)

					10 
				
	19 
					
					
						Errors and Omissions (BRMA 14F)

					10 
				
	20 
					
					
						Currency (BRMA 12A)

					10 
				
	21 
					
					
						Taxes (BRMA 50B)

					11 
				
	22 
					
					
						Federal Excise Tax (BRMA 17D)

					11 
				
	23 
					
					
						Foreign Account Tax Compliance Act

					11 
				
	24 
					
					
						Reserves

					11 
				
	25 
					
					
						Insolvency

					13 
				
	26 
					
					
						Arbitration

					13 
				
	27 
					
					
						Service of Suit (BRMA 49C)

					14 
				
	28 
					
					
						Severability (BRMA 72E)

					15 
				
	29 
					
					
						Governing Law (BRMA 71B)

					15 
				
	30 
					
					
						Confidentiality

					15 
				
	31 
					
					
						Non-Waiver

					16 
				
	32 
					
					
						Notices and Contract Execution

					16 
				
	33 
					
					
						Intermediary

					17 
				

		
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		FHCF Supplement Layer
		

		
			Reinsurance Contract
		

		
			Effective: June 1, 2016
		

		
			﻿
		

		
			entered into by and between 
		

		
			﻿
		

		
			Federated National Insurance Company
		

		
			Sunrise, Florida
		

		
			(hereinafter referred to as the "Company")
		

		
			﻿
		

		
			and
		

		
			﻿
		

		
			The Subscribing Reinsurer(s) Executing the
		

		
			Interests and Liabilities Agreement(s)
		

		
			Attached Hereto
		

		
			(hereinafter referred to as the "Reinsurer")
		

		
			﻿
		

		
			﻿
		

		
			﻿
		

		
			Article 1 - Classes of Business Reinsured
		

		
			By this Contract the Reinsurer agrees to reinsure the excess liability which may accrue to the Company under its policies in force at the effective time and date hereof or issued or renewed at or after that time and date, and classified by the Company as Property business, including but not limited to, Dwelling Fire, Inland Marine, Mobile Home, Commercial and Homeowners business (including any business assumed from Citizens Property Insurance Corporation), subject to the terms, conditions and limitations hereinafter set forth.
		

		
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			Article 2 - Commencement and Termination
		

		
			A.    This Contract shall become effective at 12:01 a.m., Eastern Standard Time, June 1, 2016, with respect to losses arising out of loss occurrences commencing at or after that time and date, and shall remain in force until 12:01 a.m., Eastern Standard Time, June 1, 2017.
		

		
			﻿
		

		
			B.    Notwithstanding the provisions of paragraph A above, the Company may terminate a Subscribing Reinsurer's percentage share in this Contract at any time by giving written notice to the Subscribing Reinsurer in the event any of the following circumstances occur:
		

		
			﻿
		

		
			1.     The Subscribing Reinsurer's policyholders' surplus (or its equivalent under the Subscribing Reinsurer's accounting system) at the inception of this Contract has been reduced by 20.0% or more of the amount of surplus (or the applicable equivalent) 12 months prior to that date; or
		

		
			﻿
		

		
			2.     The Subscribing Reinsurer's policyholders' surplus (or its equivalent under the Subscribing Reinsurer's accounting system) at any time during the term of this Contract has been reduced by 20.0% or more of the amount of surplus (or the applicable equivalent) at the date of the Subscribing Reinsurer's most recent financial 
		

		 

			

					

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		statement filed with regulatory authorities and available to the public as of the inception of this Contract; or
		

		
			﻿
		

		
			3.     The Subscribing Reinsurer's A.M. Best's rating has been assigned or downgraded below A- and/or Standard & Poor's rating has been assigned or downgraded below BBB+; or
		

		
			﻿
		

		
			4.     The Subscribing Reinsurer has become, or has announced its intention to become, merged with, acquired by or controlled by any other entity or individual(s) not controlling the Subscribing Reinsurer's operations previously; or
		

		
			﻿
		

		
			5.     A State Insurance Department or other legal authority has ordered the Subscribing Reinsurer to cease writing business; or
		

		
			﻿
		

		
			6.     The Subscribing Reinsurer has become insolvent or has been placed into liquidation, receivership, supervision, administration, winding-up or under a scheme of arrangement, or similar proceedings (whether voluntary or involuntary) or proceedings have been instituted against the Subscribing Reinsurer for the appointment of a receiver, liquidator, rehabilitator, supervisor, administrator, conservator or trustee in bankruptcy, or other agent known by whatever name, to take possession of its assets or control of its operations; or
		

		
			﻿
		

		
			7.     The Subscribing Reinsurer has reinsured its entire liability under this Contract without the Company's prior written consent; or
		

		
			﻿
		

		
			8.     The Subscribing Reinsurer has ceased assuming new or renewal property or casualty treaty reinsurance business; or
		

		
			﻿
		

		
			9.     The Subscribing Reinsurer has hired an unaffiliated runoff claims manager that is compensated on a contingent basis or is otherwise provided with financial incentives based on the quantum of claims paid; or
		

		
			﻿
		

		
			10.   The Subscribing Reinsurer has failed to comply with the funding requirements set forth in the Reserves Article.
		

		
			﻿
		

		
			C.    The "term of this Contract" as used herein shall mean the period from 12:01 a.m., Eastern Standard Time, June 1, 2016 to 12:01 a.m., Eastern Standard Time, June 1, 2017.  However, if this Contract is terminated, the "term of this Contract" as used herein shall mean the period from 12:01 a.m., Eastern Standard Time, June 1, 2016 to the effective time and date of termination.
		

		
			﻿
		

		
			D.    If this Contract is terminated or expires while a loss occurrence covered hereunder is in progress, the Reinsurer's liability hereunder shall, subject to the other terms and conditions of this Contract, be determined as if the entire loss occurrence had occurred prior to the termination or expiration of this Contract, provided that no part of such loss occurrence is claimed against any renewal or replacement of this Contract.
		

		
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			Article 3 - Territory
		

		
			This Contract shall only apply to risks located in the State of Florida.
		

		
			﻿
		

		
			﻿
		

		
			Article 4 - Exclusions
		

		
			A.    This Contract does not apply to and specifically excludes the following:
		

		
			﻿
		

		
			1.     Reinsurance assumed by the Company under obligatory reinsurance agreements, except business assumed by the Company from Citizens Property Insurance Corporation.
		

		
			﻿
		

		
			2.     Hail damage to growing or standing crops.
		

		
			﻿
		

		
			3.     Business rated, coded or classified as Flood insurance or which should have been rated, coded or classified as such.
		

		
			﻿
		

		
			4.     Business rated, coded or classified as Mortgage Impairment and Difference in Conditions insurance or which should have been rated, coded or classified as such.
		

		
			﻿
		

		
			5.     Title insurance and all forms of Financial Guarantee, Credit and Insolvency.
		

		
			﻿
		

		
			6.     Aviation, Ocean Marine, Boiler and Machinery, Fidelity and Surety, Accident and Health, Animal Mortality and Workers Compensation and Employers Liability.
		

		
			﻿
		

		
			7.     Errors and Omissions, Malpractice and any other type of Professional Liability insurance. 
		

		
			﻿
		

		
			8.     Loss and/or damage and/or costs and/or expenses arising from seepage and/or pollution and/or contamination, other than contamination from smoke.  Nevertheless, this exclusion does not preclude payment of the cost of removing debris of property damaged by a loss otherwise covered hereunder, subject always to a limit of 25.0% of the Company's property loss under the applicable original policy.
		

		
			﻿
		

		
			9.     Loss or liability as excluded under the provisions of the "War Exclusion Clause" attached to and forming part of this Contract.
		

		
			﻿
		

		
			10.   Nuclear risks as defined in the "Nuclear Incident Exclusion Clause - Physical Damage - Reinsurance (U.S.A.)" attached to and forming part of this Contract.
		

		
			﻿
		

		
			11.   Loss or liability from any Pool, Association or Syndicate and any assessment or similar demand for payment related to the FHCF or Citizens Property Insurance Corporation.
		

		
			﻿
		

		
			12.   Loss or liability of the Company arising by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund.  "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, however denominated, established or governed, which provides for any assessment of or payment or assumption by the 
		

		

		

		 

			

					

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		Company of part or all of any claim, debt, charge, fee or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee or other obligation in whole or in part. 
		

		
			﻿
		

		
			13.   Losses in the respect of overhead transmission and distribution lines other than those on or within 150 meters (or 500 feet) of the insured premises.
		

		
			﻿
		

		
			14.   Mold, unless resulting from a peril otherwise covered under the policy involved.
		

		
			﻿
		

		
			15.   Loss or liability as excluded under the provisions of the "Terrorism Exclusion" attached to and forming part of this Contract.
		

		
			﻿
		

		
			16.   All property loss, damage, destruction, erasure, corruption or alteration of Electronic Data from any cause whatsoever (including, but not limited to, Computer Virus) or loss of use, reduction in functionality, cost, expense or whatsoever nature resulting therefrom, unless resulting from a peril otherwise covered under the policy involved.
		

		
			﻿
		

		
			"Electronic Data" as used herein means facts, concepts and information converted to a form usable for communications, interpretation or processing by electronic and electromechanical data processing or electronically-controlled equipment and includes programs, software and other coded instructions for the processing and manipulation of data or the direction and manipulation of such equipment. 
		

		
			﻿
		

		
			"Computer Virus" as used herein means a set of corrupting, harmful or otherwise unauthorized instructions or code, including a set of maliciously-introduced, unauthorized instructions or code, that propagate themselves through a computer system network of whatsoever nature.
		

		
			﻿
		

		
			However, in the event that a peril otherwise covered under the policy results from any of the matters described above, this Contract, subject to all other terms and conditions, will cover physical damage directly caused by such listed peril.
		

		
			﻿
		

		
			﻿
		

		
			Article 5 - Retention and Limit
		

		
			A.    The Company shall retain and be liable for the first ***** of ultimate net loss arising out of any one loss occurrence.  The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company's retention, but the Reinsurer's liability for ultimate net loss (plus an allowance for loss adjustment expense) shall not exceed ***** as respects all losses arising out of loss occurrences  commencing during the term of this Contract.
		

		
			﻿
		

		
			B.    Notwithstanding the provisions of paragraph A above, the following shall apply:
		

		
			﻿
		

		
			1.     When the Company experiences ultimate net loss from one or two covered events during the term of this Contract, the Company’s full ***** retention shall be applied to each of the covered events; and
		

		
			﻿
		

		
			2.     When the Company experiences ultimate net loss from more than two covered events during the term of this Contract, the Company’s full ***** retention shall be applied to 
		

		 

			

					

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		each of the two covered events causing the largest ultimate net loss for the Company.  For each other covered event resulting in ultimate net loss, the Company’s retention shall be reduced to one - third of its full retention ***** and applied to all other covered events. 
		

		
			﻿
		

		
			C.    No claim will be made under this Contract in any one loss occurrence unless at least two risks insured or reinsured by the Company are involved in such loss occurrence.
		

		
			﻿
		

		
			D.    As part of the Reinsurer's limit of liability set forth in paragraph A above, the Reinsurer shall be liable for an amount equal to 5.0% of ultimate net loss paid or to be paid by the Reinsurer as an allowance for loss adjustment expense incurred by the Company.
		

		
			﻿
		

		
			﻿
		

		
			Article 6 - Other Reinsurance
		

		
			The Company shall be permitted to carry other reinsurance, recoveries under which shall inure solely to the benefit of the Company and be entirely disregarded in applying all of the provisions of this Contract.
		

		
			﻿
		

		
			﻿
		

		
			Article 7 - Definitions
		

		
			A.    "Loss in excess of policy limits" and "extra contractual obligations" as used in this Contract shall mean:
		

		
			﻿
		

		
			1.     "Loss in excess of policy limits" shall mean 90.0% of any amount paid or payable by the Company in excess of its policy limits, but otherwise within the terms of its policy, such loss in excess of the Company's policy limits having been incurred because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company's alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.  Any loss in excess of policy limits that is made in connection with this Contract shall not exceed 25.0% of the actual catastrophe loss.
		

		
			﻿
		

		
			2.     "Extra contractual obligations" shall mean 90.0% of any punitive, exemplary, compensatory or consequential damages paid or payable by the Company, not covered by any other provision of this Contract and which arise from the handling of any claim on business subject to this Contract, such liabilities arising because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company's alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.  An extra contractual obligation shall be deemed, in all circumstances, to have occurred on the same date as the loss covered or alleged to be covered under the policy.  Any extra contractual obligations that are made in connection with this Contract shall not exceed 25.0% of the actual catastrophe loss.
		

		
			﻿
		

		
			Notwithstanding anything stated herein, this Contract shall not apply to any loss in excess of policy limits or any extra contractual obligation incurred by the Company as a result of 
		

		 

			

					

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		any fraudulent and/or criminal act by any officer or director of the Company acting individually or collectively or in collusion with any individual or corporation or any other organization or party involved in the presentation, defense or settlement of any claim covered hereunder.
		

		
			﻿
		

		
			B.    "Policies" as used in this Contract shall mean all policies, contracts and binders of insurance or reinsurance.
		

		
			﻿
		

		
			C.    "Ultimate net loss" as used in this Contract shall mean the sum or sums (including loss in excess of policy limits and extra contractual obligations, as defined herein) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not.  Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.
		

		
			﻿
		

		
			﻿
		

		
			Article 8 - Loss Occurrence
		

		
			A.    "Loss occurrence" as used in this Contract shall mean the sum of individual insured losses incurred under Policies resulting from the same covered event.
		

		
			﻿
		

		
			B.    "Covered event" as used in this Contract shall mean any one storm declared to be a hurricane by the National Hurricane Center which causes insured losses in Florida.  A covered event begins when a hurricane causes damage in Florida while it is a hurricane and continues throughout any subsequent downgrades in storm status by the National Hurricane Center regardless of whether the hurricane makes landfall.  Any storm, including a tropical storm, which does not become a hurricane is not a covered event.
		

		
			﻿
		

		
			﻿
		

		
			Article 9 - Loss Notices and Settlements
		

		
			A.    Whenever losses sustained by the Company are reserved by the Company for an amount greater than 50.0% of the Company's retention hereunder and/or appear likely to result in a claim under this Contract, the Company shall notify the Subscribing Reinsurers and shall provide updates related to development of such losses.  The Reinsurer shall have the right to participate in the adjustment of such losses at its own expense.
		

		
			﻿
		

		
			B.    All loss settlements made by the Company, provided they are within the terms of this Contract and the terms of the original policy (with the exception of loss in excess of policy limits or extra contractual obligations coverage, if any, under this Contract), shall be binding upon the Reinsurer, and the Reinsurer agrees to pay all amounts for which it may be liable, including the associated allowance for loss adjustment expense, upon receipt of reasonable evidence of the amount paid by the Company.
		

		
			﻿
		

		
			﻿
		

		
			Article 10 - Cash Call
		

		
			Notwithstanding the provisions of the Loss Notices and Settlements Article, upon the request of the Company, the Reinsurer shall pay any amount with regard to a loss settlement or 
		

		 

			

					

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		settlements (including the associated allowance for loss adjustment expense) that are scheduled to be made (including any payments projected to be made) within the next 20 days by the Company, subject to receipt by the Reinsurer of a satisfactory proof of loss.  Such agreed payment shall be made within 10 days from the date the demand for payment was transmitted to the Reinsurer.
		

		
			﻿
		

		
			﻿
		

		
			Article 11 - Salvage and Subrogation
		

		
			The Reinsurer shall be credited with salvage (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company and sums paid to attorneys as retainer, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder.  Salvage thereon shall always be used to reimburse the excess carriers in the reverse order of their priority according to their participation before being used in any way to reimburse the Company for its primary loss.  The Company hereby agrees to enforce its rights to salvage or subrogation relating to any loss, a part of which loss was sustained by the Reinsurer, and to prosecute all claims arising out of such rights, if, in the Company's opinion, it is economically reasonable to do so.
		

		
			﻿
		

		
			﻿
		

		
			Article 12 - Reinsurance Premium
		

		
			A.    As premium for reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of ***** (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):
		

		
			﻿
		

		
			1.     An annual deposit premium of *****; times
		

		
			﻿
		

		
			2.     The percentage calculated by dividing (a) the actual Average Annual Loss ("AAL") determined by the Company's wind insurance in force on September 30, 2016, by (b) the original AAL of *****.
		

		
			﻿
		

		
			However, if the difference between annual deposit premium of *****, and the premium calculated in accordance with this paragraph A is less than a 10.0% increase or decrease, the premium due the Reinsurer will equal the annual deposit premium of *****.
		

		
			﻿
		

		
			The Company's AAL shall be derived by averaging the applicable data produced by Applied Insurance Research (AIR) Touchstone v3.1 and Risk Management Solutions (RMS) RiskLink v15 catastrophe modeling software, in the long-term perspective, including secondary uncertainty and loss amplification, but excluding storm surge.  It is understood that the calculation of the actual AAL shall be based on the Reinsurer's per occurrence limit of *****, net of the FHCF mandatory layer of coverage purchased by the Company using the current estimates of the mandatory FHCF coverage of ***** excess of *****.
		

		
			﻿
		

		
			B.    The Company shall pay the Reinsurer an annual deposit premium of *****, in four equal installments of ***** on July 1 and October 1 of 2016, and on January 1 and April 1 of 2017.  
		

		 

			

					

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		However, in the event this Contract is terminated, there shall be no deposit premium installments due after the effective date of termination.
		

		
			﻿
		

		
			C.    On or before May 31, 2017, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder for the term of this Contract, computed in accordance with paragraph A above, and any additional premium due the Reinsurer or return premium due the Company shall be remitted promptly.
		

		
			﻿
		

		
			﻿
		

		
			Article 13 - Sanctions
		

		
			Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party.
		

		
			﻿
		

		
			﻿
		

		
			Article 14 - Late Payments
		

		
			A.    The provisions of this Article shall not be implemented unless specifically invoked, in writing, by one of the parties to this Contract.
		

		
			﻿
		

		
			B.    In the event any premium, loss or other payment due either party is not received by the intermediary named in the Intermediary Article (hereinafter referred to as the "Intermediary") by the payment due date, the party to whom payment is due may, by notifying the Intermediary in writing, require the debtor party to pay, and the debtor party agrees to pay, an interest charge on the amount past due calculated for each such payment on the last business day of each month as follows:
		

		
			﻿
		

		
			1.     The number of full days which have expired since the due date or the last monthly calculation, whichever the lesser; times
		

		
			﻿
		

		
			2.     1/365ths of the six-month United States Treasury Bill rate as quoted in The Wall Street Journal on the first business day of the month for which the calculation is made; times
		

		
			﻿
		

		
			3.     The amount past due, including accrued interest.
		

		
			﻿
		

		
			It is agreed that interest shall accumulate until payment of the original amount due plus interest charges have been received by the Intermediary.
		

		
			﻿
		

		
			C.    The establishment of the due date shall, for purposes of this Article, be determined as follows:
		

		
			﻿
		

		
			1.     As respects the payment of routine deposits and premiums due the Reinsurer, the due date shall be as provided for in the applicable section of this Contract.  In the event a due date is not specifically stated for a given payment, it shall be deemed due 30 days after the date of transmittal by the Intermediary of the initial billing for each such payment.
		

		
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		2.     Any claim or loss payment due the Company hereunder shall be deemed due 10 days after the proof of loss or demand for payment is transmitted to the Reinsurer.  If such loss or claim payment is not received within the 10 days, interest will accrue on the payment or amount overdue in accordance with paragraph B above, from the date the proof of loss or demand for payment was transmitted to the Reinsurer.
		

		
			﻿
		

		
			3.     As respects any payment, adjustment or return due either party not otherwise provided for in subparagraphs 1 and 2 of this paragraph C, the due date shall be as provided for in the applicable section of this Contract.  In the event a due date is not specifically stated for a given payment, it shall be deemed due 10 days following transmittal of written notification that the provisions of this Article have been invoked.
		

		
			﻿
		

		
			For purposes of interest calculations only, amounts due hereunder shall be deemed paid upon receipt by the Intermediary.
		

		
			﻿
		

		
			D.    Nothing herein shall be construed as limiting or prohibiting a Subscribing Reinsurer from contesting the validity of any claim, or from participating in the defense of any claim or suit, or prohibiting either party from contesting the validity of any payment or from initiating any arbitration or other proceeding in accordance with the provisions of this Contract.  If the debtor party prevails in an arbitration or other proceeding, then any interest charges due hereunder on the amount in dispute shall be null and void.  If the debtor party loses in such proceeding, then the interest charge on the amount determined to be due hereunder shall be calculated in accordance with the provisions set forth above unless otherwise determined by such proceedings.  If a debtor party advances payment of any amount it is contesting, and proves to be correct in its contestation, either in whole or in part, the other party shall reimburse the debtor party for any such excess payment made plus interest on the excess amount calculated in accordance with this Article.
		

		
			﻿
		

		
			E.    Interest charges arising out of the application of this Article that are $1,000 or less from any party shall be waived unless there is a pattern of late payments consisting of three or more items over the course of any 12-month period.
		

		
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			﻿
		

		
			Article 15 - Offset
		

		
			The Company and the Reinsurer may offset any balance or amount due from one party to the other under this Contract or any other contract heretofore or hereafter entered into between the Company and the Reinsurer, whether acting as assuming reinsurer or ceding company.  The provisions of this Article shall not be affected by the insolvency of either party.
		

		
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			Article 16 - Access to Records
		

		
			The Reinsurer or its designated representatives shall have access at any reasonable time to all records of the Company which pertain in any way to this reinsurance, provided the Reinsurer gives the Company at least 15 days prior notice of request for such access.  However, a Subscribing Reinsurer or its designated representatives shall not have any right of access to the records of the Company if it is not current in all undisputed payments due the Company.  "Undisputed" as used herein shall mean any amount that the Subscribing Reinsurer has not contested in writing to the Company specifying the reason(s) why the payments are disputed.  
		

		

		

		 

			

					

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			Article 17 - Liability of the Reinsurer
		

		
			A.    The liability of the Reinsurer shall follow that of the Company in every case and be subject in all respects to all the general and specific stipulations, clauses, waivers and modifications of the Company's policies and any endorsements thereon.  However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract.
		

		
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			B.    Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
		

		
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			Article 18 - Net Retained Lines (BRMA 32E)
		

		
			A.    This Contract applies only to that portion of any policy which the Company retains net for its own account (prior to deduction of any underlying reinsurance specifically permitted in this Contract), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches, only loss or losses in respect of that portion of any policy which the Company retains net for its own account shall be included.
		

		
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			B.    The amount of the Reinsurer's liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other reinsurer(s), whether specific or general, any amounts which may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise.
		

		
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			Article 19 - Errors and Omissions (BRMA 14F)
		

		
			Inadvertent delays, errors or omissions made in connection with this Contract or any transaction hereunder shall not relieve either party from any liability which would have attached had such delay, error or omission not occurred, provided always that such error or omission is rectified as soon as possible after discovery.
		

		
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			Article 20 - Currency (BRMA 12A)
		

		
			A.    Whenever the word "Dollars" or the "$" sign appears in this Contract, they shall be construed to mean United States Dollars and all transactions under this Contract shall be in United States Dollars.
		

		
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			B.    Amounts paid or received by the Company in any other currency shall be converted to United States Dollars at the rate of exchange at the date such transaction is entered on the books of the Company.
		

		
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			Article 21 - Taxes (BRMA 50B)
		

		
			In consideration of the terms under which this Contract is issued, the Company will not claim a deduction in respect of the premium hereon when making tax returns, other than income or profits tax returns, to any state or territory of the United States of America or the District of Columbia.
		

		
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			Article 22 - Federal Excise Tax (BRMA 17D)
		

		
			A.    The Reinsurer has agreed to allow for the purpose of paying the Federal Excise Tax the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Code) to the extent such premium is subject to the Federal Excise Tax.
		

		
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			B.    In the event of any return of premium becoming due hereunder the Reinsurer will deduct the applicable percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States Government.
		

		
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			Article 23 - Foreign Account Tax Compliance Act
		

		
			A.    To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall allow such deduction and withholding from the premium payable under this Contract. 
		

		
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			B.    In the event of any return of premium becoming due hereunder, the return premium shall be determined and paid in full without regard to any amounts deducted or withheld under paragraph A of this Article.  In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall reimburse the Reinsurer for such amounts.
		

		
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			Article 24 - Reserves
		

		
			A.    The Reinsurer agrees to fund its share of amounts, including but not limited to, the Company's ceded unearned premium and outstanding loss and the allowance for loss adjustment expense reserves (including all case reserves plus any reasonable amount estimated to be unreported from known loss occurrences) (hereinafter referred to as "Reinsurer's Obligations") by:
		

		
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			1.     Clean, irrevocable and unconditional letters of credit issued and confirmed, if confirmation is required by the insurance regulatory authorities involved, by a bank or banks meeting the NAIC Securities Valuation Office credit standards for issuers of letters of credit and acceptable to said insurance regulatory authorities; and/or
		

		
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			2.     Escrow accounts for the benefit of the Company; and/or
		

		
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			3.     Cash advances;
		

		

		

		 

			

					

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			if the Reinsurer:
		

		
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			1.     Is unauthorized in any state of the United States of America or the District of Columbia having jurisdiction over the Company and if, without such funding, a penalty would accrue to the Company on any financial statement it is required to file with the insurance regulatory authorities involved; or
		

		
			﻿
		

		
			2.     Has an A.M. Best Company's rating equal to or below B++ at the inception of this Contract.
		

		
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			The Reinsurer, at its sole option, may fund in other than cash if its method and form of funding are acceptable to the insurance regulatory authorities involved.
		

		
			﻿
		

		
			B.    With regard to funding in whole or in part by letters of credit, it is agreed that each letter of credit will be in a form acceptable to insurance regulatory authorities involved, will be issued for a term of at least one year and will include an "evergreen clause," which automatically extends the term for at least one additional year at each expiration date unless written notice of non-renewal is given to the Company not less than 30 days prior to said expiration date.  The Company and the Reinsurer further agree, notwithstanding anything to the contrary in this Contract, that said letters of credit may be drawn upon by the Company or its successors in interest at any time, without diminution because of the insolvency of the Company or the Reinsurer, but only for one or more of the following purposes:
		

		
			﻿
		

		
			1.     To reimburse itself for the Reinsurer's share of unearned premiums returned to insureds on account of policy cancellations, unless paid in cash by the Reinsurer;
		

		
			﻿
		

		
			2.     To reimburse itself for the Reinsurer's share of losses and/or the allowance for loss adjustment expense paid under the terms of policies reinsured hereunder, unless paid in cash by the Reinsurer;
		

		
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			3.     To reimburse itself for the Reinsurer's share of any other amounts claimed to be due hereunder, unless paid in cash by the Reinsurer;
		

		
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			4.     To fund a cash account in an amount equal to the Reinsurer's share of amounts, including but not limited to, the Reinsurer's Obligations as set forth above, funded by means of a letter of credit which is under non-renewal notice, if said letter of credit has not been renewed or replaced by the Reinsurer 10 days prior to its expiration date;
		

		
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			5.     To refund to the Reinsurer any sum in excess of the actual amount required to fund the Reinsurer's share of amounts, including but not limited to, the Reinsurer's Obligations as set forth above, if so requested by the Reinsurer.
		

		
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			In the event the amount drawn by the Company on any letter of credit is in excess of the actual amount required for B(1), B(2) or B(4), or in the case of B(3), the actual amount determined to be due, the Company shall promptly return to the Reinsurer the excess amount so drawn.
		

		
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			Article 25 - Insolvency
		

		
			A.    In the event of the insolvency of the Company, this reinsurance shall be payable directly to the Company or to its liquidator, receiver, conservator or statutory successor on the basis of the liability of the Company without diminution because of the insolvency of the Company or because the liquidator, receiver, conservator or statutory successor of the Company has failed to pay all or a portion of any claim.  It is agreed, however, that the liquidator, receiver, conservator or statutory successor of the Company shall give written notice to the Reinsurer of the pendency of a claim against the Company indicating the policy or bond reinsured which claim would involve a possible liability on the part of the Reinsurer within a reasonable time after such claim is filed in the conservation or liquidation proceeding or in the receivership, and that during the pendency of such claim, the Reinsurer may investigate such claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated, any defense or defenses that it may deem available to the Company or its liquidator, receiver, conservator or statutory successor.  The expense thus incurred by the Reinsurer shall be chargeable, subject to the approval of the Court, against the Company as part of the expense of conservation or liquidation to the extent of a pro rata share of the benefit which may accrue to the Company solely as a result of the defense undertaken by the Reinsurer.
		

		
			﻿
		

		
			B.    Where two or more Subscribing Reinsurers are involved in the same claim and a majority in interest elect to interpose defense to such claim, the expense shall be apportioned in accordance with the terms of this Contract as though such expense had been incurred by the Company.
		

		
			﻿
		

		
			C.    It is further understood and agreed that, in the event of the insolvency of the Company, the reinsurance under this Contract shall be payable directly by the Reinsurer to the Company or to its liquidator, receiver or statutory successor, except as provided by Section 4118(a) of the New York Insurance Law or except (1) where this Contract specifically provides another payee of such reinsurance in the event of the insolvency of the Company or (2) where the Reinsurer with the consent of the direct insured or insureds has assumed such policy obligations of the Company as direct obligations of the Reinsurer to the payees under such policies and in substitution for the obligations of the Company to such payees.
		

		
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			﻿
		

		
			Article 26 - Arbitration
		

		
			A.    As a condition precedent to any right of action hereunder, in the event of any dispute or difference of opinion hereafter arising with respect to this Contract, it is hereby mutually agreed that such dispute or difference of opinion shall be submitted to arbitration.  One Arbiter shall be chosen by the Company, the other by the Reinsurer, and an Umpire shall be chosen by the two Arbiters before they enter upon arbitration, all of whom shall be active or retired disinterested executive officers of insurance or reinsurance companies or Lloyd's London Underwriters.  In the event that either party should fail to choose an Arbiter within 30 days following a written request by the other party to do so, the requesting party may choose two Arbiters who shall in turn choose an Umpire before entering upon arbitration.  If the two Arbiters fail to agree upon the selection of an Umpire within 30 days following their appointment, each Arbiter shall nominate three candidates within 10 days thereafter, two of whom the other shall decline, and the decision shall be made by drawing lots.
		

		
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		B.    Each party shall present its case to the Arbiters within 30 days following the date of appointment of the Umpire.  The Arbiters shall consider this Contract as an honorable engagement rather than merely as a legal obligation and they are relieved of all judicial formalities and may abstain from following the strict rules of law.  The decision of the Arbiters shall be final and binding on both parties; but failing to agree, they shall call in the Umpire and the decision of the majority shall be final and binding upon both parties.  Judgment upon the final decision of the Arbiters may be entered in any court of competent jurisdiction.
		

		
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			C.    If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as one party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint.
		

		
			﻿
		

		
			D.    Each party shall bear the expense of its own Arbiter, and shall jointly and equally bear with the other the expense of the Umpire and of the arbitration.  In the event that the two Arbiters are chosen by one party, as above provided, the expense of the Arbiters, the Umpire and the arbitration shall be equally divided between the two parties.
		

		
			﻿
		

		
			E.    Any arbitration proceedings shall take place at a location mutually agreed upon by the parties to this Contract, but notwithstanding the location of the arbitration, all proceedings pursuant hereto shall be governed by the law of the state in which the Company has its principal office.
		

		
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			Article 27 - Service of Suit (BRMA 49C)
		

		
			(Applicable if the Reinsurer is not domiciled in the United States of America, and/or is not authorized in any State, Territory or District of the United States where authorization is required by insurance regulatory authorities)
		

		
			﻿
		

		
			A.    It is agreed that in the event the Reinsurer fails to pay any amount claimed to be due hereunder, the Reinsurer, at the request of the Company, will submit to the jurisdiction of a court of competent jurisdiction within the United States.  Nothing in this Article constitutes or should be understood to constitute a waiver of the Reinsurer's rights to commence an action in any court of competent jurisdiction in the United States, to remove an action to a United States District Court, or to seek a transfer of a case to another court as permitted by the laws of the United States or of any state in the United States.
		

		
			﻿
		

		
			B.    Further, pursuant to any statute of any state, territory or district of the United States which makes provision therefor, the Reinsurer hereby designates the party named in its Interests and Liabilities Agreement, or if no party is named therein, the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as its true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Company or any beneficiary hereunder arising out of this Contract.
		

		
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			Article 28 - Severability (BRMA 72E)
		

		
			If any provision of this Contract shall be rendered illegal or unenforceable by the laws, regulations or public policy of any state, such provision shall be considered void in such state, but this shall not affect the validity or enforceability of any other provision of this Contract or the enforceability of such provision in any other jurisdiction.
		

		
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			Article 29 - Governing Law (BRMA 71B)
		

		
			This Contract shall be governed by and construed in accordance with the laws of the State of Florida.
		

		
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			Article 30 - Confidentiality
		

		
			A.    The Reinsurer hereby acknowledges that the documents, information and data provided to it by the Company, whether directly or through an authorized agent, in connection with the placement and execution of this Contract, including all information obtained through any audits and any claims information between the Company and the Reinsurer, and any submission or other materials relating to any renewal (hereinafter referred to as "Confidential Information") are proprietary and confidential to the Company.  
		

		
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			B.    Except as provided for in paragraph C below, the Reinsurer shall not disclose any Confidential Information to any third parties, including but not limited to the Reinsurer's subsidiaries and affiliates, other insurance companies and their subsidiaries and affiliates, underwriting agencies, research organizations, any unaffiliated entity engaged in modeling insurance or reinsurance data, and statistical rating organizations.  
		

		
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			C.    Confidential Information may be used by the Reinsurer only in connection with the performance of its obligations or enforcement of its rights under this Contract and will only be disclosed when required by (1) retrocessionaires subject to the business ceded to this Contract, (2) regulators performing an audit of the Reinsurer's records and/or financial condition, (3) external auditors performing an audit of the Reinsurer's records in the normal course of business, or (4) the Reinsurer's legal counsel; provided that the Reinsurer advises such parties of the confidential nature of the Confidential Information and their obligation to maintain its confidentiality.  The Company may require that any third-party representatives of the Reinsurer agree, in writing, to be bound by this Confidentiality Article or by a separate written confidentiality agreement, containing terms no less stringent than those set forth in this Article.  If a third-party representative of the Reinsurer is not bound, in writing, by this Confidentiality Article or by a separate written confidentiality agreement, the Reinsurer shall be responsible for any breach of this provision by such third-party representative of the Reinsurer.
		

		
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			D.    Notwithstanding the above, in the event that the Reinsurer is required by court order, other legal process or any regulatory authority to release or disclose any or all of the Confidential Information, the Reinsurer agrees to provide the Company with written notice of same at least 10 days prior to such release or disclosure, to the extent legally permissible, and to 
		

		 

			

					

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		use its best efforts to assist the Company in maintaining the confidentiality provided for in this Article.
		

		
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			E.    Any disclosure of Non-Public Personally Identifiable Information shall comply with all state and federal statutes and regulations governing the disclosure of Non-Public Personally Identifiable Information.  "Non-Public Personally Identifiable Information" shall be defined as this term or a similar term is defined in any applicable state, provincial, territory, or federal law.  Disclosing or using this information for any purpose not authorized by applicable law is expressly forbidden without the prior consent of the Company.
		

		
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			F.    The parties agree that any information subject to privilege, including the attorney-client privilege or attorney work product doctrine (collectively "Privilege") shall not be disclosed to the Reinsurer until, in the Company's opinion, such Privilege is deemed to be waived or otherwise compromised by virtue of its disclosure pursuant to this Contract.  Furthermore, the Reinsurer shall not assert that any Privilege otherwise applicable to the Confidential Information has been waived or otherwise compromised by virtue of its disclosure pursuant to this Contract.  
		

		
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			G.    The provisions of this Article shall extend to the officers, directors and employees of the Reinsurer and its affiliates, and shall be binding upon their successors and assigns.
		

		
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			Article 31 - Non-Waiver
		

		
			The failure of the Company or Reinsurer to insist on compliance with this Contract or to exercise any right, remedy or option hereunder shall not:  (1) constitute a waiver of any rights contained in this Contract, (2) prevent the Company or Reinsurer from thereafter demanding full and complete compliance, (3) prevent the Company or Reinsurer from exercising such remedy in the future, nor (4) affect the validity of this Contract or any part thereof.
		

		
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			Article 32 - Notices and Contract Execution
		

		
			A.    Whenever a notice, statement, report or any other written communication is required by this Contract, unless otherwise specified, such notice, statement, report or other written communication may be transmitted by certified or registered mail, nationally or internationally recognized express delivery service, personal delivery, electronic mail, or facsimile.  With the exception of notices of termination, first class mail is also acceptable.
		

		
			﻿
		

		
			B.    The use of any of the following shall constitute a valid execution of this Contract or any amendments thereto:
		

		
			﻿
		

		
			1.     Paper documents with an original ink signature;
		

		
			﻿
		

		
			2.     Facsimile or electronic copies of paper documents showing an original ink signature; and/or
		

		
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			3.     Electronic records with an electronic signature made via an electronic agent.  For the purposes of this Contract, the terms "electronic record," "electronic signature" and 
		

		 

			

					

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		"electronic agent" shall have the meanings set forth in the Electronic Signatures in Global and National Commerce Act of 2000 or any amendments thereto.
		

		
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			C.    This Contract may be executed in one or more counterparts, each of which, when duly executed, shall be deemed an original.
		

		
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			Article 33 - Intermediary
		

		
			Aon Benfield Inc., or one of its affiliated corporations duly licensed as a reinsurance intermediary, is hereby recognized as the Intermediary negotiating this Contract for all business hereunder.  All communications (including but not limited to notices, statements, premiums, return premiums, commissions, taxes, losses, loss adjustment expense, salvages and loss settlements) relating to this Contract will be transmitted to the Company or the Reinsurer through the Intermediary.  Payments by the Company to the Intermediary will be deemed payment to the Reinsurer.  Payments by the Reinsurer to the Intermediary will be deemed payment to the Company only to the extent that such payments are actually received by the Company.
		

		
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			In Witness Whereof, the Company by its duly authorized representative has executed this Contract as of the date specified below:
		

		
			﻿
		

		
			This ________________ day of ____________________________ in the year ____________.
		

		
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			Federated National Insurance Company
		

		
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			/s/ Michael H. Braun           
		

		
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			*/s/ signed by all participating reinsurers
		

		
			 
		

		

		

		 

			

					

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			War Exclusion Clause
		

		
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			As regards interests which at time of loss or damage are on shore, no liability shall attach hereto in respect of any loss or damage which is occasioned by war, invasion, hostilities, acts of foreign enemies, civil war, rebellion, insurrection, military or usurped power, or martial law or confiscation by order of any government or public authority.
		

		
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		Nuclear Incident Exclusion Clause - Physical Damage - Reinsurance (U.S.A.)
		

		
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			1.     This Reinsurance does not cover any loss or liability accruing to the Reassured, directly or indirectly and whether as Insurer or Reinsurer, from any Pool of Insurers or Reinsurers formed for the purpose of covering Atomic or Nuclear Energy risks.
		

		
			﻿
		

		
			2.     Without in any way restricting the operation of paragraph (1) of this Clause, this Reinsurance does not cover any loss or liability accruing to the Reassured, directly or indirectly and whether as Insurer or Reinsurer, from any insurance against Physical Damage (including business interruption or consequential loss arising out of such Physical Damage) to:
		

		
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						I.

					
						 

					
					
						Nuclear reactor power plants including all auxiliary property on the site, or

					
						 

				
	
					
						II.

					
						 

					
					
						Any other nuclear reactor installation, including laboratories handling radioactive materials in connection with reactor installations, and "critical facilities" as such, or

					
						 

				
	
					
						III.

					
						 

					
					
						Installations for fabricating complete fuel elements or for processing substantial quantities of "special nuclear material," and for reprocessing, salvaging, chemically separating, storing or disposing of "spent" nuclear fuel or waste materials, or

					
						 

				
	
					
						IV.

					
					
						Installations other than those listed in paragraph (2) III above using substantial quantities of radioactive isotopes or other products of nuclear fission.

				

		
			﻿
		

		
			3.     Without in any way restricting the operations of paragraphs (1) and (2) hereof, this Reinsurance does not cover any loss or liability by radioactive contamination accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, from any insurance on property which is on the same site as a nuclear reactor power plant or other nuclear installation and which normally would be insured therewith except that this paragraph (3) shall not operate
		

		
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			(a)      where Reassured does not have knowledge of such nuclear reactor power plant or nuclear installation, or
		

		
			﻿
		

		
			(b)      where said insurance contains a provision excluding coverage for damage to property caused by or resulting from radioactive contamination, however caused.  However on and after 1st January 1960 this sub-paragraph (b) shall only apply provided the said radioactive contamination exclusion provision has been approved by the Governmental Authority having jurisdiction thereof.
		

		
			﻿
		

		
			4.     Without in any way restricting the operations of paragraphs (1), (2) and (3) hereof, this Reinsurance does not cover any loss or liability by radioactive contamination accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, when such radioactive contamination is a named hazard specifically insured against.
		

		
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			5.     It is understood and agreed that this Clause shall not extend to risks using radioactive isotopes in any form where the nuclear exposure is not considered by the Reassured to be the primary hazard.
		

		
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			6.     The term "special nuclear material" shall have the meaning given it in the Atomic Energy Act of 1954 or by any law amendatory thereof.
		

		
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			7.     Reassured to be sole judge of what constitutes:
		

		
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			(a)      substantial quantities, and
		

		
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			(b)      the extent of installation, plant or site.
		

		
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			Note.-Without in any way restricting the operation of paragraph (1) hereof, it is understood and agreed that
		

		
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			(a)      all policies issued by the Reassured on or before 31st December 1957 shall be free from the application of the other provisions of this Clause until expiry date or 31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply.
		

		
			﻿
		

		
			(b)      with respect to any risk located in Canada policies issued by the Reassured on or before 31st December 1958 shall be free from the application of the other provisions of this Clause until expiry date or 31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply.
		

		
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			12/12/57
		

		
			N.M.A. 1119
		

		
			BRMA 35B
		

		
			 
		

		
			Terrorism Exclusion
		

		

		

		 

			

					

						 

					

					

						 

				
	

					

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		(Property Treaty Reinsurance)
		

		
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			Notwithstanding any provision to the contrary within this Contract or any amendment thereto, it is agreed that this Contract excludes loss, damage, cost or expense directly or indirectly caused by, contributed to by, resulting from or arising out of or in connection with any act of terrorism, as defined herein, regardless of any other cause or event contributing concurrently or in any other sequence to the loss.
		

		
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			An act of terrorism includes any act, or preparation in respect of action, or threat of action designed to influence the government de jure or de facto of any nation or any political division thereof, or in pursuit of political, religious, ideological or similar purposes to intimidate the public or a section of the public of any nation by any person or group(s) of persons whether acting alone or on behalf of or in connection with any organization(s) or government(s) de jure or de facto, and which:
		

		
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			1.     Involves violence against one or more persons, or
		

		
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			2.     Involves damage to property; or
		

		
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			3.     Endangers life other than the person committing the action; or
		

		
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			4.     Creates a risk to health or safety of the public or a section of the public; or
		

		
			﻿
		

		
			5.     Is designed to interfere with or disrupt an electronic system.
		

		
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			This Contract also excludes loss, damage, cost or expense directly or indirectly caused by, contributed to by, resulting from or arising out of or in connection with any action in controlling, preventing, suppressing, retaliating against or responding to any act of terrorism.
		

		
			﻿
		

		
			Notwithstanding the above and subject otherwise to the terms, conditions, and limitations of this Contract, in respect only of personal lines, this Contract will pay actual loss or damage (but not related cost and expense) caused by any act of terrorism provided such act is not directly or indirectly caused by, contributed to by, resulting from or arising out of or in connection with radiological, biological, chemical, or nuclear pollution or contamination.
		

		
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		The Interests and Liabilities Agreements, constituting 55 pages in total, have been omitted in accordance with Rule 24b-2 under the Exchange Act.  These pages have been filed separately with the Securities and Exchange Commission.
		

		
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						4810-4450-1063.1

					

						41191/0001

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}]]