0000950159-04-000965 Sample Contracts

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Penn America Group Inc • November 5th, 2004 • Surety insurance
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Penn America Group Inc • November 5th, 2004 • Surety insurance
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Penn America Group Inc • November 5th, 2004 • Surety insurance
INTERESTS AND LIABILITIES AGREEMENT (the "Agreement")
Termination Endorsement • November 5th, 2004 • Penn America Group Inc • Surety insurance

IT IS HEREBY AGREED that this Agreement, under which the Subscribing Reinsurer has a 21.00% share in the interests and liabilities of the "Reinsurer" on the First. Second, and Third Property Catastrophe Excess of Loss Reinsurance Layers, shall be terminated at 12:01 a.m., Eastern Standard Time, October 1, 2004. The Subscribing Reinsurer shall have no liability for losses occurring at or after that time and date.

PROPERTY CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT (the "Contract")
Penn America Group Inc • November 5th, 2004 • Surety insurance

IT IS AGREED, effective 12:01 am., Eastern Standard Time, October 1,2004, with respect to business in force at that time and date or issued or renewed at or after that time and date, that the Subscribing Reinsurer's participations under the Contract shall be increased as follows on the following layers:

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