0001299933-05-004859 Sample Contracts

NATIONAL ATLANTIC HOLDINGS CORPORATION NONSTATUTORY STOCK OPTION AGREEMENT
Nonstatutory Stock Option Agreement • September 23rd, 2005 • National Atlantic Holdings Corp • Fire, marine & casualty insurance • New Jersey

This Agreement, effective as of September 19, 2005, by and between National Atlantic Holdings Corporation, a corporation organized under the laws of the State of New Jersey (the “Company”), and the Estate of Frank P. Campion (the “Optionee”).

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NATIONAL ATLANTIC HOLDINGS CORPORATION EMPLOYEE STOCK OPTION AGREEMENT
Employee Stock Option Agreement • September 23rd, 2005 • National Atlantic Holdings Corp • Fire, marine & casualty insurance

This Agreement, made this of by and between National Atlantic Holdings Corporation, a corporation organized under the laws of the State of New Jersey (the “Company”), and (the “Optionee”).

AMENDMENT NATIONAL ATLANTIC HOLDINGS CORPORATION EMPLOYEE STOCK OPTION AGREEMENT
Employee Stock Option Agreement • September 23rd, 2005 • National Atlantic Holdings Corp • Fire, marine & casualty insurance

WHEREAS, National Atlantic Holdings Corporation, a New Jersey corporation (the “Company”), granted (the “Optionee”) a stock option (the “Option”) to purchase [ ] shares of the Company’s Class B Nonvoting Common Stock at an exercise price of $[ ] per share pursuant to an Employee Stock Option Agreement dated June 15, 1995 (the “Agreement”) issued under the Company’s Nonstatutory Stock Option Plan (the “Plan”);

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