SEC Contract Filing

Filing Date: 2022-03-31

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2211074d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEED OF AMENDMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Dated: 31 March 2022</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Between:</B></P>

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<TD STYLE="width: 28.35pt">(1)</TD><TD STYLE="text-align: justify">Citibank Europe plc (the &ldquo;<B>Bank</B>&rdquo;);</TD></TR>
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<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD>(2)</TD><TD STYLE="text-align: justify">AXIS Specialty Limited (&ldquo;<B>ASL</B>&rdquo;);</TD></TR>
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<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD>(3)</TD><TD STYLE="text-align: justify">AXIS Re SE (formerly, AXIS Re Limited);</TD></TR>
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<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD>(4)</TD><TD STYLE="text-align: justify">AXIS Specialty Europe SE (formerly, AXIS Specialty Europe Limited);</TD></TR>
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<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD>(5)</TD><TD STYLE="text-align: justify">AXIS Insurance Company;</TD></TR>
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<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD>(6)</TD><TD STYLE="text-align: justify">AXIS Surplus Insurance Company; and</TD></TR>
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<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD>(7)</TD><TD STYLE="text-align: justify">AXIS Reinsurance Company,</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(each a &ldquo;<B>Party</B>&rdquo; and together
the &ldquo;<B>Parties</B>&rdquo;, and Parties (2), (3), (4), (5), (6) and (7) each a &ldquo;<B>Company</B>&rdquo; and together the &ldquo;<B>Companies</B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Committed Letter of Credit Facility
letter &ndash; Facility Number 2 dated 27 March 2017 and entered into among the Bank and the Companies, as amended on 28 March 2018, 28
March 2019, 28 March 2020 and 1 April 2021 (the &ldquo;Committed Facility Number 2 Letter&rdquo;)</B></P>

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<TD STYLE="width: 28.35pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>Background</B></TD></TR></TABLE>

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<TD STYLE="width: 28.35pt">1.1.</TD><TD STYLE="text-align: justify">The Parties have entered into the Committed Facility Number 2 Letter in connection with the Insurance
Letters of Credit &ndash; Master Agreement (Form 3/CEP) dated 14 May 2010.</TD></TR></TABLE>

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<TD STYLE="width: 28.35pt">1.2.</TD><TD STYLE="text-align: justify">The Parties have agreed to certain further amendments to the Committed Facility Number 2 Letter as detailed
in this Deed on and from the Effective Date (as defined below).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

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<TD STYLE="width: 28.35pt">1.3.</TD><TD STYLE="text-align: justify">The terms and expressions defined in the Committed Facility Number 2 Letter shall have the same meanings
when used in this Deed unless otherwise indicated.</TD></TR></TABLE>

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<TD STYLE="width: 28.1pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Effective Date</B></TD></TR></TABLE>

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