0000893220-04-000578 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 30th, 2004 • United National Group LTD • Fire, marine & casualty insurance • Pennsylvania

THIS EXECUTIVE EMPLOYMENT AGREEMENT is executed this 24th day of November, 2003, between United National Insurance Company, a Pennsylvania corporation with its principal offices in Bala Cynwyd, PA (the “Company”) and Timothy J. Dwyer, an individual residing at 444 Bowen Drive Exton, PA 19341 (the “Executive”).

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AMENDED AND RESTATED DEED OF GUARANTY
Deed of Guaranty • March 30th, 2004 • United National Group LTD • Fire, marine & casualty insurance • Delaware

AMENDED AND RESTATED DEED OF GUARANTY (this “Amended and Restated Deed”) dated as of November 24, 2003, by and among UNITED NATIONAL GROUP, LTD., an exempted company formed with limited liability under the laws of the Cayman Islands (together with its successors and permitted assigns, the “Guarantor”), in favor of the holders of Senior Notes (as defined below) (together with their successors and permitted assigns, the “Senior Noteholders”).

AMENDED AND RESTATED SHAREHOLDERS AGREEMENT dated as of December 15, 2003 among UNITED NATIONAL GROUP, LTD. and THE SHAREHOLDERS LISTED ON THE SIGNATURE PAGES
Shareholders Agreement • March 30th, 2004 • United National Group LTD • Fire, marine & casualty insurance • Delaware

AMENDED AND RESTATED SHAREHOLDERS AGREEMENT, dated as of December 15, 2003, by and among UNITED NATIONAL GROUP, LTD., an exempted company formed with limited liability under the laws of the Cayman Islands (the “Company”), U.N. HOLDINGS (CAYMAN), LTD. (“Holdings”), an exempted company formed with limited liability under the laws of the Cayman Islands, those co-investment funds listed on the signature pages of this Agreement (the “Co-investment Funds,” and together with Holdings, the “FPC Shareholders”) and those trusts listed on the signature pages of this Agreement (the “Trusts,” and together with the FPC Shareholders, the “Shareholders”).

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