AMENDMENT NO. 1 TO AMENDED AND RESTATED TAX SHARING AGREEMENT
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Exhibit 10.8
AMENDMENT NO. 1
TO
AMENDED AND RESTATED TAX SHARING AGREEMENT
WHEREAS, Zenith National Insurance Corp. ("Zenith National"), and its subsidiaries Zenith Insurance Company, CalRehab Services, Inc. (formerly ZNAT Rehabilitation Services, Inc.), CalFarm Insurance Company, CalFarm Insurance Agency, Cal-Ag Insurance Services, Inc., CalFarm Annuity Services Company, ZNAT Insurance Company, CalFarm Life Insurance Company, Zenith Star Insurance Company and Perma-Bilt, a Nevada Corporation (the "Existing Subsidiaries"), have previously entered into an Amended and Restated Tax Sharing Agreement; and
WHEREAS, Zenith National Insurance Corp. has entered into an agreement to sell 100% of the common stock of CalFarm Life Insurance Company to Anchor National Life Insurance Company ("Anchor") or an affiliate designated by it; and
WHEREAS, it is necessary to amend the Amended and Restated Tax Sharing Agreement accordingly;
IN CONSIDERATION OF THE PREMISES, the parties agree as follows;
- 1.
- Effective
as of the close of business of the closing date of the sale of CalFarm Life Insurance Company to Anchor, CalFarm Life Insurance Company shall be deleted as
a party to the inter-company Amended and Restated Tax Sharing
Agreement.
- 2.
- In all other respects the Amended and Restated Tax Sharing Agreement remains unchanged.
IN WITNESS WHEREOF, each of the undersigned parties has caused this Amendment No. 1 to be executed on its behalf, this 28th day of December, 1995.
| ZENITH NATIONAL INSURANCE CORP. | ZENITH INSURANCE COMPANY | |||||
By: |
/s/ XXXXXXXXX XXXXXXX |
By: |
/s/ XXXXXXXXX XXXXXXX |
|||
| ZENITH STAR INSURANCE COMPANY | CALFARM INSURANCE COMPANY | |||||
By: |
/s/ XXXXXXXXX XXXXXXX |
By: |
/s/ XXXXXXXXX XXXXXXX |
|||
| CALFARM LIFE INSURANCE COMPANY | CALFARM INSURANCE AGENCY | |||||
By: |
/s/ XXXXXXXXX XXXXXXX |
By: |
/s/ XXXXXXXXX XXXXXXX |
|||
| CALFARM ANNUITY SERVICES COMPANY | CALREHAB SERVICES, INC. | |||||
By: |
/s/ XXXX X. XXXXXXX |
By: |
/s/ XXXXXXXXX XXXXXXX |
|||
| CAL-AG INSURANCE SERVICES, INC. | ZNAT INSURANCE COMPANY | |||||
By: |
/s/ XXXXXXXXX XXXXXXX |
By: |
/s/ XXXXXXXXX XXXXXXX |
|||
| ZENITH STAR INSURANCE COMPANY | PERMA-BILT, a Nevada Corporation | |||||
By: |
/s/ XXXXXXXXX XXXXXXX |
By: |
/s/ XXXXXXX XXXXXXXXX |
|||
AMENDMENT NO. 1 TO AMENDED AND RESTATED TAX SHARING AGREEMENT
