THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

First American Corporation (The) (FAF)

4/10/2006 Proxy Information

Parker S. Kennedy is D. P. Kennedy’s son.

During 2004 Director Frank O’Bryan made a jet aircraft that he owns available to certain executive officers of our company for business use, for which he was reimbursed only for the expenses incurred in operating the aircraft during the time it was used by such executives. Also, Director O’Bryan occasionally made personal use of a jet aircraft owned by our company, for which he reimbursed our company at a rate commensurate with the fair market rental value of that aircraft. Pursuant to this arrangement, for 2004, we incurred expenses of $143,360 for our flights on Director O’Bryan’s aircraft and he utilized flight time on our aircraft valued at $212,365. This reciprocal usage arrangement ceased in 2004. On May 18, 2005, our board of directors forgave repayment by Director O’ Bryan of the $69,005 net balance that he owned our company pursuant to that arrangement. Since this forgiveness could be deemed compensatory in nature, Director O’Bryan ceased his service on our audit committee at that time.

On February 27, 2006, our company loaned $7,500,000 to NHSA JPS LLC (“NHSA”), a Delaware limited liability company affiliated with Neighborhood Housing Services of America, Inc., of which Mary Lee Widener, a nominee for director, is president and chief executive officer, pursuant to the terms and conditions of a loan agreement between our company and NHSA. The loan bears interest at a rate of 2% per year, and matures in 10 years. The loan agreement provides that a portion of the loan proceeds is to be used as a loan loss reserve for two loan pools collectively known as the “Anthem Loan Pools,” and a portion is to be used as working capital for operation of the “Anthem Project.” The Anthem Project involves a loan underwriting and funding program administered by NHSA that is designed to make prime grade home loans with prime grade pricing and mortgage insurance available to emerging markets borrowers who are rated as creditworthy through use of our company’s proprietary Anthem credit scoring system as a guide in the loan approval process. The loan is secured by a Collateral Trust Agreement between our company, NHSA and Union Bank of California, N.A., as trustee, whereby, in the event of a default by NHSA in the performance of obligations specified in the loan agreement or the related promissory note or Collateral Trust Agreement, interest or other income accruing from certain home loan proceeds and investments of the Anthem Project would be applied toward payment of outstanding amounts due from NHSA to our company under the promissory note and above-mentioned agreements, after payment of collection and other costs, including the fees and expenses of the trustee.

Certain of our company’s subsidiaries have from time to time retained Torys LLP, a Canadian law firm, to perform legal services. Director William G. Davis is of counsel to Torys; however, his compensation as such does not involve participation in, nor is it measured by, the revenues or earnings of that firm. The fees paid to Torys by our company and its subsidiaries during 2005 did not exceed 5% of the law firm’s gross revenues for its last full fiscal year.

As previously reported by our company in its filings with the Securities and Exchange Commission, in connection with the appointment of Frank V. McMahon as our vice chairman and chief financial officer, our company has entered into an agreement with Mr. McMahon specifying the terms of Mr. McMahon’s employment. While Mr. McMahon’s annual compensation will generally be determined by the compensation committee of our board of directors, under the agreement, Mr. McMahon is guaranteed minimum compensation of $1.75 million during the five year employment term ($1.70 million for the remainder of 2006). This minimum compensation is also payable in the event Mr. McMahon is terminated without cause or voluntarily terminates his employment for “good reason” (as defined in the agreement). Pursuant to this agreement, our company entered into a Stock Option Award Agreement and a Restricted Stock Award Agreement with Mr. McMahon on March 31, 2006. Pursuant to these agreements, Mr. McMahon received 300,000 options to purchase our company’s Common shares at $39.16 per share, and 33,334 restricted Common shares. Both the options and the restricted shares vest in five equal annual increments commencing on the first anniversary of the grant, subject to accelerated vesting in full in the event that Mr. McMahon is terminated without cause or voluntarily resigns for good reason, or upon a change of control of our company.

4/13/2005 Proxy Information

Parker S. Kennedy is D. P. Kennedy’s son.

On August 3, 2004, pursuant to approval by our board of directors, we purchased from Spring Mountain Enterprises, Inc., a corporation owned by Director Frank O’Bryan, a jet aircraft at a price of $1,787,500. Director O’Bryan abstained from the vote to approve this transaction. The purchase price was determined through negotiations by management of our company with Director O’Bryan following consultation with two aircraft brokers concerning the condition and fair market value of this aircraft. The price at which the purchase occurred was within the middle of the value ranges independently arrived at by these brokers, both of whom have extensive experience in the purchase and sale of jet aircraft of this type.

Director O’Bryan makes a jet aircraft that he owns available to certain executive officers of the company for business use, for which he is reimbursed only for the expenses incurred in operating the aircraft during the time it is being used by such executives. Also, Director O’Bryan occasionally makes personal use of a jet aircraft owned by the company, for which he reimburses the company at a rate commensurate with the fair market rental value of that aircraft. Pursuant to this arrangement, for 2004, we incurred expenses of $143,360 for our flights on Director O’Bryan’s aircraft and he utilized flight time on our aircraft valued at $212,365.

4/6/2004 Proxy Information

Parker S. Kennedy is D. P. Kennedy’s son.

4/7/2003 Proxy Information

Parker S. Kennedy is D. P. Kennedy’s son.