USD9,392,000 PROMISSORY NOTE Note No. 8 Issue Date: November 19, 2004 FOR VALUE RECEIVED, Fairfax Financial (US) LLC, a Delaware limited liability company (the "COMPANY"), hereby promises to pay to the order of Intrepid Portfolios LLC or registered...Fairfax Financial Holdings LTD/ Can • November 23rd, 2004 • Fire, marine & casualty insurance
This Note is issued pursuant to Note Purchase Confirmation No. 4 dated as of November 19, 2004, as amended from time to time (the "NOTE PURCHASE CONFIRMATION"), under the Master Note Purchase Agreement, and is entitled to the benefits thereof. This Note is secured by collateral pursuant to the Pledge Agreement dated as of November 19, 2004 among the Company, the Noteholder and the Agent, as amended from time to time, until and including the Pledge Termination Date as defined therein. Upon the occurrence of one or more of the Events of Default specified in the Master Note Purchase Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Master Note Purchase Agreement.
WITNESSETHMaster Note Purchase Agreement • November 23rd, 2004 • Fairfax Financial Holdings LTD/ Can • Fire, marine & casualty insurance • New York
PLEDGE AGREEMENTPledge Agreement • November 23rd, 2004 • Fairfax Financial Holdings LTD/ Can • Fire, marine & casualty insurance
CUSIP No. 67612W108 AGREEMENT CONCERNING JOINT FILING OF AMENDMENT NO. 1 TO SCHEDULE 13D The undersigned agree as follows: (i) each of them is individually eligible to use Schedule 13D to which this Exhibit is attached, and such Schedule 13D is filed...Fairfax Financial Holdings LTD/ Can • November 23rd, 2004 • Fire, marine & casualty insurance
