SEVENTH AMENDMENT TO CREDIT AGREEMENT
THIS SEVENTH AMENDMENT TO CREDIT AGREEMENT, dated as of the 27th day of June, 2003 (this
"Amendment"), is made among SELECTIVE INSURANCE GROUP, INC., a New Jersey corporation with its
principal offices in Branchville, New Jersey ("Parent"), and SELECTIVE INSURANCE COMPANY OF
AMERICA, a New Jersey corporation with its principal offices in Branchville, New Jersey ("SICA," and
collectively with the Parent, the "Borrowers"), and WACHOVIA BANK, NATIONAL ASSOCIATION
(formerly known as First Union National Bank) ("Lender"). Capitalized terms used but not defined herein shall
have the meanings given to such terms in the Credit Agreement referred to below, as amended by this
Amendment. Unless otherwise specified, section references herein refer to sections set forth in the Credit
Agreement, as amended by this Amendment.
A. The Borrowers and the Lender are parties to a Credit Agreement, dated as of October 22, 1999, as
amended (the "Credit Agreement"), providing for the availability of a revolving credit facility to the Borrower
upon the terms and conditions set forth therein.
B. The Borrower has requested an extension of the maturity of such revolving credit facility, as more fully set
forth herein, and the Lender has agreed to such extension upon the terms and conditions set forth herein.
STATEMENT OF AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, for themselves and their successors and assigns, agree as follows:
AMENDMENT TO CREDIT AGREEMENT
2.1 Section 1.1 is hereby amended by adding the following definition thereto in appropriate alphabetical order:
" "Amendment Fee Letter" shall mean the letter from Wachovia to the Parent, dated June 26, 2003, relating to
certain fees payable by the Borrower in respect of the transactions contemplated by the Seventh Amendment, as
amended, modified or supplemented from time to time."