Zenith National Insurance Corp Watch

from 10-K 53 pages Credit Agreement Dated as of February 16, 2007 Between Zenith National Insurance Corp., and Bank of America, N.A

from 10-Q 4 pages Fifth Amendment to Amended and Restated Credit Agreement

from 10-K 5 pages Fourth Amendment to Amended and Restated Credit Agreement

from 8-K 4 pages Third Amendment to Amended and Restated Credit Agreement

from 10-Q 2 pages Change in Terms Agreement Principal Loan Date Maturity Loan No. Call/Coll Account Officer Initials $20,000,000.00 07-22-2004 08-01-2005 11552 209600 Jm References in the Shaded Area Are for Lender's Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing "***" Has Been Omitted Due to Text Length Limitations

from 10-Q ~50 pages Amended and Restated Credit Agreement Dated as of September 30, 2002 Between Zenith National Insurance Corp., and Bank of America, N.A

from 10-Q 1 page Ninth Amendment to Credit Agreement

from 10-Q 1 page Eighth Amendment to Revolving Credit Promissory Note

from 10-Q 1 page Seventh Amendment to Revolving Credit Promissory Note

from 10-Q 1 page Third Amendment to Revolving Credit Promissory Note

from 10-Q 1 page Second Amendment to Revolving Credit Promissory Note

from 10-Q 1 page Amendment to Revolving Credit Promissory Note

from 10-Q ~5 pages Revolving Credit Promissory Note

from 10-Q 1 page Eighth Amendment to Credit Agreement

from 10-Q 1 page Change in Terms Agreement Principal $20,000,000.00 Loan Date 07-01-2001 Maturity 07-31-2002 Loan No. 11552 Call/Coll Account 209600 Officer Fb Initials References in the Shaded Area Are for Lender's Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing ***** Has Been Omitted Due to Text Length Limitations

from 10-Q ~20 pages Master Revolving Line of Credit Construction Loan Agreement Factual Background

from 10-K 1 page <page> January 21, 1998 via Federal Express Zenith National Insurance Corp. 21255 Califa Street Woodland Hills, Ca 91367-5021 Attention: Mr. Hyman J. Lee, Jr. Re: Amendment No. 1 to Credit Agreement Dear Hyman: Zenith National Insurance Corp. (The "Borrower") Has Requested That Bank of America National Trust and Savings Association (The "Bank") Amend the Definition of "Risk-Based Capital" Contained in the Credit Agreement, Dated as of July 24, 1997, Between the Borrower and the Bank (The "Credit Agreement"). the Bank Has Agreed to Amend the Credit Agreement to the Extent and on the Terms and Conditions Contained Herein. Capitalized Terms Used Herein Without Definition Shall Have the Meanings Provided Therefor in the Credit Agreement. the Definition of Risk-Based Capital Contained in the Credit Agreement Is Hereby Amended to Add the Following After the First Sentence of the Definition Thereof: "With Respect to Each Quarter Other Than the Fiscal Year End, the Amount Used in Such Ratio for the Company Action Level Shall Be That Which Was Calculated as of the Prior Year End." Except as Amended Hereby, the Credit Agreement and All Loan Documents Shall Remain in Full Force and Effect Without Amendment or Modification. the Amendment Contained Herein Is Specifically Limited to the Terms Hereof. <page> Zenith National Insurance Corp. January 21, 1998 Page 2 Please Evidence Your Agreement With the Foregoing by Executing This Letter and Returning It to the Bank. Very Truly Yours, Bank of America National Trust and Savings Association By: /S/ Michael T. Ernst Its: Michael T. Ernst Accepted and Agreed to This 22 Day Managing Director of January, 1998. Zenith National Insurance Corp. By: /S/ Fredricka Taubitz Its: Exec. Vice Pres & Chief Financial Officer

from 10-K/A 1 page Material contract

from 10-K/A ~20 pages Credit Agreement Folio 1-10

from 10-K ~20 pages Credit Agreement