Exhibit 10.1
FOURTH AMENDMENT TO
REVOLVING CREDIT AGREEMENT

THIS FOURTH AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”), is made
and entered into as of November 11, 2005, by and among LANDAMERICA FINANCIAL
GROUP, INC., a Virginia corporation (the “Borrower”), the several banks and
other financial institutions from time to time party hereto (collectively, the
“Lenders”) and SUNTRUST BANK, in its capacity as Administrative Agent for the
Lenders (the “Administrative Agent”), as Issuing Bank (the “Issuing Bank”), and
as Swingline Lender (the “Swingline Lender”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to
that certain Revolving Credit Agreement, dated as of November 6, 2003, as
amended by that certain First Amendment to Revolving Credit Agreement, dated as
of March 17, 2004, that certain Second Amendment to Revolving Credit Agreement,
dated as of April 30, 2004, and that certain Third Amendment to Revolving Credit
Agreement, dated as of October 27, 2004 (as so amended and as further amended,
restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”; capitalized terms used herein and not otherwise defined shall have
the meanings assigned to such terms in the Credit Agreement), pursuant to which
the Lenders have made certain financial accommodations available to the
Borrower; and
 
WHEREAS, the Borrower has requested that the Lenders and the Administrative
Agent amend certain provisions of the Credit Agreement, and subject to the terms
and conditions hereof, the Administrative Agent and the Lenders are willing to
do so;
 
NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt
of all of which are acknowledged, the Borrower, the Lenders and the
Administrative Agent agree as follows:

1.  Amendments.
 
(a)  Section 1.1 of the Credit Agreement is hereby amended by replacing the
definition of Contingent Obligation in its entirety with the following
definition:

“Contingent Obligation” shall mean, as to any Person, any direct or indirect
liability of that Person, whether or not contingent, with or without recourse,
(a) with respect to any Indebtedness, any lease (or other arrangement conveying
the right to use) of real or personal property, or a combination thereof, which
obligations are required to be classified and accounted for as capital leases on
a balance sheet of such Person under GAAP, dividend, letter of credit or other
obligation (the “primary obligations”) of another Person (the “primary
obligor”), including any obligation of that

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Person (i) to purchase, repurchase or otherwise acquire such primary obligations
or any security therefore, (ii) to advance or provide funds for the payment or
discharge of any such primary obligation, or to maintain working capital or
equity capital of the primary obligor or otherwise to maintain the net worth or
solvency or any balance sheet item, level of income or financial condition of
the primary obligor, (iii) to purchase property, securities or services
primarily for the purpose of assuring the owner of any such primary obligation
of the ability of the primary obligor to make payment of such primary
obligation, or (iv) otherwise to assure or hold harmless the holder of any such
primary obligation against loss in respect thereof (each, a “Guaranty
Obligation”), (b) with respect to any Surety Instrument issued for the account
of that Person or as to which that Person is otherwise liable for reimbursement
of drawings or payments; (c) to purchase any materials, supplies or other
property from, or to obtain the services of, another Person if the relevant
contract or other related document or obligation requires that payment for such
materials, supplies or other property, or for such services shall be made
regardless of whether delivery of such materials, supplies or other property is
ever made or tendered, or such services are ever performed or tendered, or (d)
in respect of any Hedging Transactions, but excluding, in each case, any
obligation of any Insurance Subsidiary to pay any amount owing under any
insurance policy or contract issued by such Person in the ordinary course of
business. The amount of any Contingent Obligation shall, in the case of Guaranty
Obligations, be deemed equal to the stated or determinable amount of the primary
obligation in respect of which such Guaranty Obligation is made or, if not
stated or if indeterminable, the maximum reasonable anticipated liability in
respect thereof, and in the case of other Contingent Obligations other than in
respect of Hedging Transactions, shall be equal to the maximum reasonably
anticipated liability in respect thereof and, in the case of Contingent
Obligations in respect of Hedging Transactions, shall be equal to the Net
Mark-to-Market Exposure as of such date.

(b)  Section 7.5 of the Credit Agreement is hereby amended by replacing
subsection (c) of such Section in its entirety with the following new subsection
(c):

(c) declare or pay cash dividends to its stockholders and purchase, redeem or
otherwise acquire shares of its capital stock or warrants, rights or options to
acquire any such shares for cash in an aggregate amount for all such dividends,
purchases, redemptions and acquisitions not in excess of 50% of Consolidated Net
Income

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of the Borrower arising after December 31, 2002 and computed on a cumulative
consolidated basis; provided, that immediately after giving effect to such
proposed action, no Default or Event of Default would exist;

(c)  Section 7.11 of the Credit Agreement is hereby amended by:

(i) deleting the “and” and the end of clause (d) thereof;
 
(ii) deleting the “.” at the end of clause (e) thereof and adding thereto “;
and”; and

(iii) adding the following new clause (f) to the end thereof:
 
(f) Guaranty Obligations of the Borrower with respect to leases of the
Subsidiaries permitted by Section 7.13(a), Section 7.13(b) and Section 7.13(c).

(d)  Section 8.1 of the Credit Agreement is hereby amended by replacing
subsection (n) of such Section in its entirety with the following new subsection
(n):

(n) Any Insurance Subsidiary shall be the subject of a final nonappealable order
imposing a fine in an amount in excess of $5,000,000 in a single instance or
other such orders imposing fines in excess of $25,000,000 in the aggregate after
the Closing Date by or at the request of any state insurance regulatory agency
as a result of the violation by such Insurance Subsidiary of such state’s
applicable insurance laws or the regulations promulgated in connection
therewith;

2.  Conditions to Effectiveness of this Amendment. Notwithstanding any other
provision of this Amendment and without affecting in any manner the rights of
the Lenders hereunder, it is understood and agreed that this Amendment shall not
become effective, and the Borrower shall have no rights under this Amendment,
until the Administrative Agent shall have received (i) executed counterparts to
this Amendment from the Borrower, the Administrative Agent and the Required
Lenders, and (ii) reimbursement or payment of its costs and expenses incurred in
connection with this Amendment or the Credit Agreement (including reasonable
fees, charges and disbursements of King & Spalding LLP, counsel to the
Administrative Agent).

3.  Representations and Warranties. To induce the Lenders and the Administrative
Agent to enter into this Amendment, the Borrower hereby represents and warrants
to the Lenders and the Administrative Agent that:

(a) The execution, delivery and performance by the Borrower of this Amendment
(i) are within the Borrower’s power and authority; (ii) have been duly
authorized by

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all necessary corporate and shareholder action; (iii) are not in contravention
of any provision of the Borrower’s articles of incorporation or bylaws or other
organizational documents; (iv) do not violate any law or regulation, or any
order or decree of any Governmental Authority; (v) do not conflict with or
result in the breach or termination of, constitute a default under or accelerate
any performance required by, any indenture, mortgage, deed of trust, lease,
agreement or other instrument to which the Borrower or any of its Material
Subsidiaries is a party or by which the Borrower or any such Subsidiary or any
of their respective property is bound; (vi) do not result in the creation or
imposition of any Lien upon any of the property of the Borrower or any of its
Material Subsidiaries; and (vii) do not require the consent or approval of any
Governmental Authority or any other Person;

(b) This Amendment has been duly executed and delivered for the benefit of or on
behalf of the Borrower and constitutes a legal, valid and binding obligation of
the Borrower, enforceable against the Borrower in accordance with its terms
except as the enforceability hereof may be limited by bankruptcy, insolvency,
reorganization, moratorium and other laws affecting creditors’ rights and
remedies in general; and

(c) After giving effect to this Amendment, the representations and warranties
contained in the Credit Agreement and the other Loan Documents are true and
correct in all material respects, and no Default or Event of Default has
occurred and is continuing as of the date hereof.

4.  Effect of Amendment. Except as set forth expressly herein, all terms of the
Credit Agreement, as amended hereby, and the other Loan Documents shall be and
remain in full force and effect and shall constitute the legal, valid, binding
and enforceable obligations of the Borrower to the Lenders and the
Administrative Agent. The execution, delivery and effectiveness of this
Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of the Administrative Agent and the Lenders under the
Credit Agreement, nor constitute a waiver of any provision of the Credit
Agreement. This Amendment shall constitute a Loan Document for all purposes of
the Credit Agreement.

5.  Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York and all applicable
federal laws of the United States of America.

6.  No Novation. This Amendment is not intended by the parties to be, and shall
not be construed to be, a novation of the Credit Agreement or an accord and
satisfaction in regard thereto.

7.  Costs and Expenses. The Borrower agrees to pay on demand all costs and
expenses of the Administrative Agent in connection with the preparation,
execution and delivery of this Amendment, including, without limitation, the
reasonable fees and out-of-pocket expenses of outside counsel for the
Administrative Agent with respect thereto.

8.  Counterparts. This Amendment may be executed by one or more of the parties
hereto in any number of separate counterparts, each of which shall be deemed an
original and all

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of which, taken together, shall be deemed to constitute one and the same
instrument. Delivery of an executed counterpart of this Amendment by facsimile
transmission or by electronic mail in pdf form shall be as effective as delivery
of a manually executed counterpart hereof.

9.  Binding Nature. This Amendment shall be binding upon and inure to the
benefit of the parties hereto, their respective successors,
successors-in-titles, and assigns.

10.  Entire Understanding. This Amendment sets forth the entire understanding of
the parties with respect to the matters set forth herein, and shall supersede
any prior negotia-tions or agreements, whether written or oral, with respect
thereto.

[Signature Pages To Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed, under seal in the case of the Borrower, by their respective authorized
officers as of the day and year first above written.

 
BORROWER:
         
LANDAMERICA FINANCIAL GROUP, INC.
                 
By:
/s/ Ronald B. Ramos
   
Name:
 Ronald B. Ramos    
Title:
 Senior Vice President & Treasurerl

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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LENDERS:
         
SUNTRUST BANK, as Administrative Agent, as Issuing Bank, as Swingline Lender and
as a Lender
                 
By:
/s/ Mark A. Flatin
   
Name:
Mark A. Flatin
   
Title:
Managing Director

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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WACHOVIA BANK, NATIONAL ASSOCIATION, as Syndication Agent and a Lender
                 
By:
/s/ R. Lowndes Burke
   
Name:
R. Lowndes Burke
   
Title:
Senior Vice President

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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UNION BANK OF CALIFORNIA, N.A. as
 
Documentation Agent and as a Lender
         
By:
/s/ Joseph M. Argabrite
   
Name:
Joseph M. Argabrite
   
Title:
Vice President

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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US BANK, NATIONAL ASSOCIATION,
 
as a Lender
         
By:
/s/ David W. Johnson
   
Name:
David W. Johnson
   
Title:
Title: AVP, Assistant Relationship Mgr.

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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COMERICA BANK, as a Lender
                 
By:
/s/ William Phillips
   
Name:
William Phillips
   
Title:
Title: Executive Vice President

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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FLEET NATIONAL BANK, as a Lender
                 
By:
       
Name:
     
Title:
 

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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JP MORGAN CHASE BANK, N.A. as a Lender
                 
By:
/s/ Lawrence Palumbo, Jr.
   
Name:
Lawrence Palumbo, Jr.
   
Title:
Vice President

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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PNC BANK, NATIONAL ASSOCIATION, as a Lender
                 
By:
/s/ Kirk Seagers
   
Name:
Kirk Seagers
   
Title:
Vice President

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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WELLS FARGO BANK, N.A., formerly known as Wells Fargo Bank Arizona, N.A., as a
Lender
                 
By:
       
Name:
     
Title:
 

[SIGNATURE PAGE TO FOURTH AMENDMENT]

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BANK OF AMERICA, N.A., as a Lender
                 
By:
/s/ Mark Short
   
Name:
Mark Short
   
Title:
Vice President