SURETY EXCESS OF LOSS REINSURANCE CONTRACT
AS RESPECTS ONLY SURETY BUSINESS FOR THE DICK CORPORATION
(HEREINAFTER REFERRED TO AS "CONTRACT")
EFFECTIVE: JANUARY 1, 2004
entered into by and between
WESTERN SURETY COMPANY
UNIVERSAL SURETY OF AMERICA
SURETY BONDING COMPANY OF AMERICA
(hereinafter collectively referred to as "Company")
and
CONTINENTAL CASUALTY COMPANY
(hereinafter referred to as "Reinsurer")
Witnesseth:
In consideration of the mutual covenants contained herein, and upon the terms and conditions hereinafter set forth
the Company and the Reinsurer hereby agree as follows:
ARTICLE 1 - SCOPE OF THE CONTRACT
This Contract is solely between the Company and the Reinsurer. Performance of respective obligations of each
party under this Contract shall be rendered solely to the other party, except as specifically and expressly
provided for in the Insolvency Article. The provisions of this Contract are intended solely for the benefit of the
parties to and executing this Contract, and nothing in this Contract shall in any manner create, or be construed to
create, any obligations to or establish any rights against any party to this Contract in favor of any third parties or
other persons not parties to and executing this Contract.
ARTICLE 2 - BUSINESS COVERED
The Company shall reinsure with the Reinsurer and the Reinsurer shall accept as reinsurance from the Company
the Company's net excess liability under the surety business for only the principal Dick Corporation written or
renewed and surety reinsurance assumed (hereinafter referred to as "Bonds") by the Company that is in force on
January 1, 2004 and that is written or renewed during the term of this Contract, in excess of $60,000,000.
Surety Excess of Loss as respects the Dick Corporation Effective: January 1, 2004
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ARTICLE 3 - RETENTION OF COMPANY & LIABILITY OF THE REINSURER
The retention of the Company and the liability of the Reinsurer and all other benefits accruing to the Company, as
provided