WAIVER AND AMENDMENT NO. 1 Dated as of June 30, 2011 to CREDIT AGREEMENT Dated as of January 28, 2011Credit Agreement • July 5th, 2011 • Amtrust Financial Services, Inc. • Fire, marine & casualty insurance • New York
THIS WAIVER AND AMENDMENT NO. 1 (“Amendment”) is made as of June 30, 2011 and shall, upon satisfaction of the conditions precedent set forth in Section 3 below be effective as of the date hereof (the “Amendment No. 1 Effective Date”) by and among AmTrust Financial Services, Inc., a Delaware corporation (the “Borrower”), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), under that certain Credit Agreement dated as of January 28, 2011 by and among the Borrower, the Lenders and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.
