Document:

EX-10.01

AMENDMENT NO. 4

AMENDMENT AGREEMENT NO. 4, dated as of April 14, 2009 (this “Agreement”) to the
Revolving Credit Agreement, dated as of October 24, 2006, as amended as of March 16, 2008, as of
April 24, 2008 and as of March 16, 2009 (as so amended, the “Credit Agreement”), among The
PMI Group, Inc., a Delaware corporation (the “Borrower”), the lenders referred to therein
(the “Lenders”) and Bank of America, N.A., as Administrative Agent (in such capacity,
together with any successor in such capacity, the “Administrative Agent”).

INTRODUCTORY STATEMENTS

All capitalized terms not otherwise defined in this Agreement are used herein as defined in
the Credit Agreement.

The Borrower has requested that the Lenders agree to amend certain provisions of the Credit
Agreement as hereinafter set forth.

Subject to the terms and conditions hereof, the Lenders signatory to this Agreement are
willing to agree to such amendments, but only upon the terms and conditions set forth herein.

In consideration of the mutual agreements contained herein and other good and valuable
consideration the receipt of which is hereby acknowledged, the parties hereto hereby agree as
follows:

SECTION 1. Amendments to the Credit Agreement.

(A) Section 7.06(a) of the Credit Agreement is hereby amended in its entirety to
read as follows:

(a) Adjusted Consolidated Net Worth. Permit Adjusted Consolidated Net Worth
to be less than (i) $1,200,000,000 at any time on or prior to April 30, 2009 and
(ii) $1,505,000,000 at any time thereafter.

(B) Section 7.06(b) of the Credit Agreement is hereby amended in its entirety to
read as follows:

(b) Maximum Risk to Statutory Capital Ratio. Permit the Risk to Capital
Ratio of PMI Mortgage Insurance Co. to be greater than (i) 24.0 to 1.0 at any time
on or prior to April 30, 2009 and (ii) 20:1 to 1.0 at any time thereafter.

(C) Section 8.01(o) of the Credit Agreement is hereby amended in its entirety to
read as follows:

(o) Maintenance of Ratings. PMI Insurance shall at any time after April 30,
2009 fail to maintain (i) a financial strength rating of at least Baa from Moody’s
and (ii) a financial strength rating of at least BBB from S&P. For the avoidance of
doubt, it shall not be an Event of Default if PMI Insurance maintains a financial
strength rating of at least Baa from Moody’s or a financial strength rating of at
least BBB from S&P.

SECTION 2. Agreement with Respect to Extensions of Credit. Without limiting or
waiving the terms and provisions of the Credit Agreement, the Borrower hereby agrees that it shall
not at any time seek, and shall not be entitled, to borrow any Loan or to have any Letter of Credit
issued, amended, renewed or extended (other than the renewal of a Letter of Credit outstanding on
the Amendment No. 4 Effective Date so long as the face amount thereof is not increased in
connection therewith, or a Loan made pursuant to Section 2.13(c) of the Credit Agreement to
refinance an Unreimbursed Amount), unless at such time and after giving effect to such borrowing,
issuance, amendment, renewal or extension (i) Adjusted Consolidated Net Worth is at least
$1,505,000,000, (ii) the Risk to Capital Ratio of PMI Mortgage Insurance Co. is not greater than
20.0 to 1.0 and (iii) PMI Insurance maintains a financial strength rating of at least (x) Baa from
Moody’s or (y) BBB from S&P.

SECTION 3. Agreement with Respect to Investments. Without limiting or waiving the
terms and provisions of the Credit Agreement, the Borrower hereby agrees that it shall not at any
time make directly or indirectly any Investment in any Subsidiary or Affiliate of the Borrower,
unless at such time and after giving effect to such Investment (i) Adjusted Consolidated Net Worth
is at least $1,505,000,000, (ii) the Risk to Capital Ratio of PMI Mortgage Insurance Co. is not
greater than 20.0 to 1.0 and (iii) PMI Insurance maintains a financial strength rating of at least
(x) Baa from Moody’s or (y) BBB from S&P.

SECTION 4. Representations and Warranties. The Borrower represents and warrants, as
of the date hereof and as of the Amendment No. 4 Effective Date, to the Administrative Agent, the
L/C Issuer and the Lenders that:

(A) the execution, delivery and performance by the Borrower of this Agreement, the
Credit Agreement as modified by this Agreement and any other documents or instruments delivered
pursuant to Section 5 hereof (i) have been duly authorized by all requisite corporate
action on the part of the Borrower; and (ii) will not violate (x) any provision of any statute,
rule or regulation, or any Organizational Document of the Borrower, (y) any applicable order of any
court or any rule, regulation or order of any other agency of government, or (z) any indenture,
agreement or other instrument to which Borrower is a party or by which the Borrower or any of its
property is bound, or be in conflict with, result in a breach of, constitute (with notice or lapse
of time or both) a default under, or create any right to terminate, any such indenture, agreement,
or other instrument;

(B) upon the occurrence of the Amendment No. 4 Effective Date, this Agreement and
each other agreement delivered pursuant to Section 5 hereof will constitute the legal,
valid and binding obligation of the Borrower, enforceable in accordance with its terms, except as
the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or
other similar laws affecting creditors’ rights generally and by general equitable principles
(regardless of whether the issue of enforceability is considered in a proceeding in equity or at
law);

(C) no Default or Event of Default has occurred and is continuing under the Credit
Agreement prior to giving effect to this Agreement; and

(D) the Borrower has obtained all consents and waivers from any Persons necessary
for the execution, delivery and performance of this Agreement and any other document or transaction
contemplated hereby.

SECTION 5. Effective Date. This Agreement shall not become effective until the date
on which all of the following conditions precedent shall have been satisfied, or waived in writing
(such date being referred to herein as the “Amendment No. 4 Effective Date”):

(A) The Administrative Agent shall have received fully executed counterparts of
this Agreement executed by (i) the Borrower, (ii) the Administrative Agent and (iii) the Required
Lenders.

(B) All representations and warranties contained in Section 4 of this
Agreement shall be true.

SECTION 6. CONFIRMATION AND ACKNOWLEDGEMENT OF THE OBLIGATIONS; RELEASE. THE BORROWER
HEREBY (A) CONFIRMS AND ACKNOWLEDGES TO THE ADMINISTRATIVE AGENT, THE L/C ISSUER AND THE LENDERS
THAT IT IS VALIDLY AND JUSTLY INDEBTED TO THE ADMINISTRATIVE AGENT, THE L/C ISSUER AND THE LENDERS
FOR THE PAYMENT OF ALL OBLIGATIONS (AS DEFINED IN THE CREDIT AGREEMENT) WITHOUT OFFSET, DEFENSE,
CAUSE OF ACTION OR COUNTERCLAIM OF ANY KIND OR NATURE WHATSOEVER AND (B) REAFFIRMS AND ADMITS THE
VALIDITY AND ENFORCEABILITY OF THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS. THE BORROWER, ON
ITS OWN BEHALF AND ON BEHALF OF ITS SUCCESSORS AND ASSIGNS, HEREBY WAIVES, RELEASES AND DISCHARGES
THE ADMINISTRATIVE AGENT, THE L/C ISSUER AND THE LENDERS AND ALL OF THE AFFILIATES OF THE
ADMINISTRATIVE AGENT, THE L/C ISSUER AND THE LENDERS, AND ALL OF THE DIRECTORS, OFFICERS,
EMPLOYEES, ATTORNEYS, AGENTS, SUCCESSORS AND ASSIGNS OF THE ADMINISTRATIVE AGENT, THE L/C ISSUER
AND THE LENDERS AND SUCH AFFILIATES, FROM ANY AND ALL CLAIMS, DEMANDS, ACTIONS OR CAUSES OF ACTION
(KNOWN AND UNKNOWN) ARISING OUT OF OR IN ANY WAY RELATING TO ANY OF THE LOAN DOCUMENTS AND ANY
DOCUMENTS, AGREEMENTS, DEALINGS OR OTHER MATTERS CONNECTED WITH ANY OF THE LOAN DOCUMENTS, IN EACH
CASE TO THE EXTENT ARISING (X) ON OR PRIOR TO THE AMENDMENT NO. 4 EFFECTIVE DATE OR (Y) OUT OF, OR
RELATING TO, ACTIONS, DEALINGS OR MATTERS OCCURRING ON OR PRIOR TO THE AMENDMENT NO. 4 EFFECTIVE
DATE.

SECTION 7. Costs and Expenses. The Borrower acknowledges and agrees that its payment
obligations set forth in Section 10.04 of the Credit Agreement include the costs and expenses
incurred by the Administrative Agent and each Lender in connection with the preparation, execution
and delivery of this Agreement, the Security Documents and any other documentation contemplated
hereby or thereby (whether or not this Agreement or any Security Document becomes effective or the
transactions contemplated hereby or thereby are consummated and whether or not a Default or Event
of Default has occurred or is continuing), including, but not limited to, (i) the reasonable fees
and disbursements of Kaye Scholer LLP, counsel to the Administrative Agent and (ii) the reasonable
fees and disbursements of any other counsel to the Administrative Agent or any Lender. Without
limiting the generality of the foregoing, the Borrower agrees that any reasonable and documented
out-of-pocket expenses incurred by the Administrative Agent or any Lender in connection with the
Credit Agreement for which the Borrower has received documentation by 9:00 a.m. (California time)
on April 14, 2009 will be paid by wire transfer by the close of business on April 14, 2009.

SECTION 8. Limited Modification; Ratification of Credit Agreement.

(A) Except to the extent hereby expressly modified, the Credit Agreement remains
in full force and effect and is hereby ratified and confirmed.

(B) This Agreement shall be limited precisely as written and shall not be deemed
(i) to be a consent granted pursuant to, or a waiver or modification of, any other term or
condition of the Credit Agreement or any of the instruments or agreements referred to therein or a
waiver of any Default or Event of Default under the Credit Agreement, whether or not known to the
Administrative Agent, the L/C Issuer or the Lenders or (ii) to prejudice any right or rights which
the Administrative Agent, the L/C Issuer or the Lenders may now have or have in the future under or
in connection with any Loan Document or any of the instruments or agreements referred to in a Loan
Document. The Administrative Agent, L/C Issuer and the Lenders hereby expressly reserve all of the
Administrative Agent’s, the L/C Issuer’s or the Lenders’ (as applicable) respective rights and
remedies under the Credit Agreement and each of the other Loan Documents, as well as under
applicable law. No failure to exercise, delay in exercising or any singular or partial exercise,
by the Administrative Agent, the L/C Issuer or any of the Lenders of any right, power or remedy
hereunder or any of the other Loan Documents shall operate as a waiver thereof or in the case of a
singular or partial exercise of a right, power or remedy, preclude any other or further exercise
thereof of any other right, power or remedy, nor shall any of the Loan Documents be construed as a
standstill or a forbearance by any of the Administrative Agent, the L/C Issuer or the Lenders of
their rights and remedies thereunder. All remedies of the Administrative Agent, the L/C Issuer or
the Lenders are cumulative and are not exclusive of any other remedies under any other Loan
Document or provided by applicable law. Except to the extent hereby modified, the Credit Agreement
shall continue in full force and effect in accordance with the provisions thereof on the date
hereof and the Credit Agreement as heretofore amended or modified and as modified by this Agreement
are hereby ratified and confirmed. As used in the Credit Agreement, the terms “Credit Agreement,”
“this Agreement,” “herein,” “hereafter,” “hereto,” “hereof,” and words of similar import, shall,
unless the context otherwise requires, mean the Credit Agreement as modified by this Agreement.
Reference to the terms “Agreement” or “Credit Agreement” appearing in the Exhibits or Schedules to
the Credit Agreement or in the other Loan Documents shall, unless the context otherwise requires,
mean the Credit Agreement as modified by this Agreement. This Agreement shall be deemed to have
been jointly drafted, and no provision of it shall be interpreted or construed for, or against, any
party hereto because such party purportedly prepared or requested such provision, any other
provision, or this Agreement as a whole.

SECTION 9. Counterparts. This Agreement may be executed in any number of counterparts
and by the different parties hereto in separate counterparts, each of which when so executed and
delivered shall be deemed to be an original and all of which taken together shall constitute but
one and the same instrument. Delivery of an executed signature page to this Agreement by facsimile
shall be as effective as delivery of a manually executed counterpart of this Agreement. The
Administrative Agent shall promptly notify the Borrower of the occurrence of the Amendment No. 4
Effective Date.

SECTION 10. Loan Document. This Agreement is a Loan Document pursuant to the Credit
Agreement and shall (unless expressly indicated herein or therein) be construed, administered, and
applied, in accordance with all of the terms and provisions of the Credit Agreement.

SECTION 11. Severability. Any provision of this Agreement which is invalid, illegal
or unenforceable under the applicable law of any jurisdiction, shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability without invalidating
the remaining provisions hereof, and any such invalidity, illegality or unenforceability in any
jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 12. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WHICH ARE APPLICABLE TO CONTRACTS MADE AND TO BE
PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK.

SECTION 13. Successors and Assigns. The provisions of this Agreement shall be binding
upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.

SECTION 14. Headings. The headings of this Agreement are for the purposes of
reference only and shall not affect the construction of, or be taken into consideration in
interpreting, this Agreement.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the day and the year first above written.

BORROWER:

THE PMI GROUP, INC.

By: /s/ Donald P. Lofe, Jr.

Name: Donald P. Lofe, Jr.

Title: EVP, CFO and CAO

ADMINISTRATIVE AGENT AND LENDERS:

BANK OF AMERICA, N.A., as Administrative Agent,
Lender and L/C Issuer

	 	 	 	By:
/s/ Tyler D. Levings

	 	 	Name: Tyler D. Levings

Title: Senior Vice President

SUN TRUST BANK, N.A.

	 	 	 	By:
Katherine Bass

Name: Katherine Bass

Title: Director

	 	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION

	 	 	 	By:
Helen F. Wessling

Name: Helen F. Wessling

Title: Managing DirectorExhibit 10.6

EXHIBIT 10.6

FIRST AMENDMENT TO LEASE AGREEMENT

THIS FIRST AMENDMENT TO LEASE AGREEMENT (“this First Amendment”) is entered into this
1st day of July, 2008 by and between Amejak Limited Partnership, (hereinafter referred
to as “Lessor”), and First Trinity Financial Corporation (hereinafter referred to as “Lessee”).

WHEREAS, on the 7th, day of January, 2005, Lessor and Lessee entered into a certain
Lease Agreement thereof (the “Original Lease”) for the certain premises consisting of 1,312
rentable square feet and designated as Suite 230 (the “Premises”), located on the second floor of
ONE MEMORIAL PLACE, (hereinafter referred to as the “Building”) located at 7833 East 63’” Place in
Tulsa, Oklahoma; and

WHEREAS, the parties wish to supplement and amend the terms and provisions of the Lease as
hereinafter provided but not otherwise.

NOW, THEREFORE, for and in consideration of the mutual covenants and conditions contained in
the Lease and herein, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Lessor and Lessee hereby agree as follows:

1. Term. Lessor and Lessee agree that the lease expiration per Paragraph 1 of the Original
Lease will be amended to be June 30, 2011.

2. Square Footage. Commencing July 1, 2008, Lessee shall expand into an additional 1,205
rentable square feet on the 2nd floor (the Expansion Space). The total amended square footage will
now be 2,517 rentable square feet as shown on Exhibit “A-1”.

3. Base Rental. Effective April 1, 2008, Base Rental paid by Lessee to Lessor, as amended hereby,
with respect to the Premises, shall be as follows:

	 	 	 	 	 
	Months	 	Monthly Base Rent	 
	July 1. 2008 through June 30, 2009
	 	$	3,041.38	 
	July 1, 2009 through June 30, 2010
	 	$	3,146.25	 
	July 1, 2010 through June 30, 2011
	 	$	3,251.13	 

4. As-is Condition. Lessee agrees to accept the Premises and Expansion Space In its current “as is”
condition.

5. Basic Cost Increase Adjustment Beginning July 1, 2008, Tenant’s Basic Costs referred to in
Paragraph 6(a) of the Original Lease shall be equal to the 2008 actual costs instead of the 2004
actual costs and Tenant’s Net Rentable Area referred to in Paragraph 6(a) of the Original Lease
shall be amended from 1,312 square feet to 2,517 square feet

6. Right of First Refusal. Tenant’s Right of First Refusal as referenced in Paragraph 1 of the
Addendum to the Original Lease shall be modified to Suite 245 instead of Suite 220.

7. Authority. The officers executing this Lease Amendment on behalf of Lessee and Lessor represents
and warrants that he or she has full power and authority to execute this Lease Amendment on behalf
of Lessee and Lessor, and that his or her execution hereof will create a binding and legal
obligation of Lessee and Lessor.

8. Conflict In the event of any conflict between the terms and provisions of this First Amendment
and the terms and provisions of the Lease, the terms and provisions of this First Amendment shall
control.

 

 

	 	 	 	 	 
	 

	 	Lessor /s/ DK
	 	Lessee /s/ GZ

9. Existing Terms and Provisions. Except as specifically amended by the terms hereof, all terms and
provisions of the Lease as heretofore amended, shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by
their representatives, thereunto duly authorized, as of the date first above written.

“Lessor”

	 	 	 	 	 	 	 
	 

	 	Amejak Limited Partnership,	 	 
	 

	 	an Oklahoma limited partnership,	 	 
	 
	 	 	 	 	 	 
	 

	 	By: Kajema Properties, Inc., an	 	 
	 

	 	Oklahoma corporation, General Partner	 	 
	 
	 	 	 	 	 	 
	Witness:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/
Donna Pruitt

	 	By:
	 	/s/ Dana Kanady	 	 
	 

	 	 	 	 

Dana Kanady
	 	 
	 

	 	
	 	Title: Vice President	 	 
	 
	IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by their
representatives, thereunto duly authorized, as of the date first above written.
	 
	 	 	“Lessee”	 	 
	 
	 	 	 	 	 	 
	 	 	First Trinity Financial Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gregg Zahn	 	 
	 

	 	 	 	 

	 	 
	 

	 	
	 	Title: /s/ President	 	 

Witness:

/s/ W. Sherman Lay

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