Lease

Lease. And the terms "hereof", "herein", "hereto" and "hereunder", when used in this Lease Agreement, shall mean and include this Lease Agreement, Schedules, and Exhibits hereto as the same may from time to time be amended, modified or supplemented.

Lease. THIS LEASE (the "Lease") is entered into between WRC PROPERTIES, INC., a Delaware corporation ("Landlord"), and Superior National Insurance Group, Inc., a Delaware Corporation ("Tenant") as of the Lease Date set forth on the Basic Lease Information.

Lease. Shall mean that certain real property lease for 9000 N.W. 15th Street, Miami, FL 33172, also known as Units #9 and #10, of Lakes Edge Commercial Condominium between Lakes Edge Commercial Properties, LLC and Falcon Air Express, Inc. dated December 23, 2004, inclusive of the Purchase Option as defined therein.

Lease. And the terms "hereof," "herein," "hereto" and "hereunder," when used in this Non-exclusive Aircraft Dry Lease, shall mean and include this Non-exclusive Aircraft Dry Lease, as the same may from time to time be amended, modified or supplemented.

Lease. All capitalized terms used in this Amendment and not ------------- specifically defined herein shall have the meaning ascribed to those terms in the Lease.

Lease. Shall mean the applicable Lease Schedule incorporating the terms and conditions of this Agreement, including all exhibits, addenda, schedules, certificates, riders and all other documents and instruments executed and delivered in connection with the applicable Lease Schedule or this Master Equipment Lease Agreement. Page 1 Initial JP / KR -------

Lease. Lease dated February 25, 2000, between Landlord and Tenant.

Lease. Shall be deemed to mean the Lease, as amended hereby

Lease. Means a lease related to a Seller's Business to which a Seller is a party.

Lease. The Lease, dated August 25, 1998, entered into between Landlord and Tenant, as previously amended by the letter agreement, dated October 18, 2000.