0000950159-03-000240 Sample Contracts

FIRST AMENDMENT TO LETTER OF CREDIT AGREEMENT
Letter of Credit Agreement • March 21st, 2003 • Pma Capital Corp • Fire, marine & casualty insurance

This FIRST AMENDMENT TO LETTER OF CREDIT AGREEMENT (this “Amendment”) is made as of the 17th day of June, 2002, by and among PMA CAPITAL CORPORATION, a Pennsylvania corporation (the “Applicant”), each Co-Applicant a party hereto, FLEET NATIONAL BANK, as a “Bank”under the Credit Agreement (as defined herein), and FLEET NATIONAL BANK, as agent for itself and any other Banks (in such capacity, together with its successors and assigns in such capacity, the “Agent”), and as issuing bank (in such capacity, together as with its successors and assigns in such capacity, the “Issuing Bank”) for the Letters of Credit (as defined in the Credit Agreement).

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EMPLOYMENT AGREEMENT
Employment Agreement • March 21st, 2003 • Pma Capital Corp • Fire, marine & casualty insurance

THIS AGREEMENT, made as of the first day Of May, 1995, by and between PENNSYLVANIA MANUFACTURERS CORPORATION, a Pennsylvania corporation, whose principal office is located at Blue Bell, Pennsylvania (hereinafter “PMC”) and JOHN W. SMITHSON of Newtown, Pennsylvania (hereinafter “Smithson”) to set forth the terms and conditions upon which PMC shall employ Smithson.

SECOND AMENDMENT TO LETTER OF CREDIT AGREEMENT
Letter of Credit Agreement • March 21st, 2003 • Pma Capital Corp • Fire, marine & casualty insurance

This SECOND AMENDMENT TO LETTER OF CREDIT AGREEMENT (this “Amendment”) is made as of the 4th day of December, 2002, by and among PMA CAPITAL CORPORATION, a Pennsylvania corporation (the “Applicant”), each Co-Applicant a party hereto, FLEET NATIONAL BANK, as a “Bank” under the Credit Agreement (as defined herein), and FLEET NATIONAL BANK, as agent for itself and any other Banks (in such capacity, together with its successors and assigns in such capacity, the “Agent”), and as issuing bank (in such capacity, together as with its successors and assigns in such capacity, the “Issuing Bank”) for the Letters of Credit (as defined in the Credit Agreement).

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