0000950123-06-007282 Sample Contracts

PURCHASE AGREEMENT
Purchase Agreement • June 1st, 2006 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance • New York

THIS PURCHASE AGREEMENT is made and entered into as of May 25, 2006, among Montpelier Re Holdings Ltd., a Bermuda company (the “Company”), WLR Recovery Fund II, L.P. and WLR Recovery Fund III, L.P. (each, a “Purchaser” and collectively, the “Purchasers”).

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REGISTRATION RIGHTS AGREEMENT dated May 25, 2006 among MONTPELIER RE HOLDINGS LTD., WLR RECOVERY FUND II, L.P. and WLR RECOVERY FUND III, L.P.
Registration Rights Agreement • June 1st, 2006 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance • New York

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into May 25, 2006 among MONTPELIER RE HOLDINGS LTD., a Bermuda company (the “Company”), WLR RECOVERY FUND II, L.P., and WLR RECOVERY FUND III, L.P. (each, a “Shareholder” and collectively, the “Shareholders”).

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