SECOND AMENDMENT TO CREDIT AGREEMENT
This Second Amendment to Credit Agreement (the "Amendment") is made as of this 30th day of September,
2003 by and among CNA SURETY CORPORATION (the "Borrower"), the Lenders from time to time a party
to the Credit Agreement defined below (the "Lenders") and LASALLE BANK NATIONAL ASSOCIATION,
as Administrative Agent for the Lenders (the "Agent") and in its individual capacity as a Lender ("LaSalle").
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders and the Agent are parties to that certain Credit Agreement, dated as of
September 30, 2002, as amended by that certain First Amendment to Credit Agreement, dated as of December
30, 2002 between the Borrower, the Lenders named therein and LaSalle (collectively, the "Credit Agreement);
WHEREAS, as of the date hereof (i) the Term Loan Commitment has been automatically and permanently
reduced to $20,000,000, (ii) the Revolving Credit Commitment is $30,000,000 and (iii) the Aggregate
Commitment is $50,000,000;
WHEREAS, the parties hereto desire to further amend the Credit Agreement as more fully set forth herein;
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable
consideration, the adequacy of which is hereby acknowledged, and subject to the terms and conditions hereof,
the parties hereto agree as follows:
SECTION I. DEFINITIONS. Unless otherwise defined herein, all capitalized terms shall have the meaning given
to them in the Credit Agreement.
SECTION II. AMENDMENTS TO CREDIT AGREEMENT.
2.1 The Credit Agreement is hereby amended by deleting the definition "REVOLVING LOAN
TERMINATION DATE" in Article I of the Credit Agreement in its entirety and inserting the following in its
" "REVOLVING LOAN TERMINATION DATE" means, in the case of all Revolving Loans, September 30,
2005, or such earlier date on which the obligations of the Lenders to make Revolving Loans hereunder are
terminated pursuant to the terms of this Agreement."