Document:

First Amendment to Credit Agreement, dated as of March 26, 2004

 Exhibit 10.55 
  
 FIRST AMENDMENT TO CREDIT AGREEMENT 
  
 FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of March 26, 2004, among U.S.I. HOLDINGS
CORPORATION, a Delaware corporation (the “Borrower”), BANC OF AMERICA SECURITIES LLC and J.P. MORGAN SECURITIES INC., as Joint Lead Arrangers (the “Joint Lead Arrangers”), the lenders from time to time party thereto
(each a “Lender” and, collectively, the “Lenders”), BANK OF AMERICA, N.A., as Syndication Agent and JPMORGAN CHASE BANK, as Administrative Agent (in such capacity, the “Administrative Agent” and,
together with the Syndication Agent, each, an “Agent” and, collectively, the “Agents”). All capitalized terms used herein and not otherwise defined shall have the respective meanings provided such terms in the
Credit Agreement. 
  
 W I T N E
S S E T H: 
  
 WHEREAS, the
Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement, dated as of August 11, 2003 (as amended, modified or supplemented from time to time to, but not including, the date hereof, the “Credit
Agreement”); and 
  
 WHEREAS, subject to the terms and
conditions of this Amendment, the parties hereto wish to amend certain provisions of the Credit Agreement as herein provided; 
  
 NOW, THEREFORE, it is agreed: 
  
 I. Amendments to Credit Agreement. 
  
 1. The definition of “Applicable Margin” appearing in Section 10 of the Credit Agreement is hereby amended by (a) deleting the text
“2.00%” appearing in clause “(i)(x)” of said definition and inserting the text “1.50%” in lieu thereof and (b) deleting the text “3.00%” appearing in clause “(i)(y)” of said definition and inserting
the text “2.50%” in lieu thereof. 
  
 2. Section 3.01 of
the Credit Agreement is hereby amended by inserting the following new clause (g) at the end of said Section: 
  
 (g) The Borrower agrees to pay to the Administrative Agent for pro rata distribution to each Lender with outstanding Term
Loans (based on the outstanding principal amount of each such Lender’s outstanding Term Loans at such time), concurrently with any voluntary prepayment or repayment, in each case in full, of all outstanding Term Loans on or prior to September
29, 2004 (unless any such voluntary prepayment or repayment of Term Loans is being made in connection with a voluntary prepayment or repayment of all outstanding Loans at such time and the termination of all outstanding Revolving Loan Commitments at
such time), a fee in an aggregate amount equal to 1.0% of the aggregate principal amount of Term Loans so prepaid or so repaid in full. 

 II. Miscellaneous Provisions. 
  
 1. In order to induce the Lenders to enter into this Amendment, the Borrower hereby represents and warrants that:

  
 (a) no Default or Event of Default exists as
of the First Amendment Effective Date (as defined below), both immediately before and immediately after giving effect thereto; and 
  
 (b) all of the representations and warranties contained in the Credit Agreement and the other Credit Documents are true and correct in all
material respects on the First Amendment Effective Date both immediately before and immediately after giving effect thereto, with the same effect as though such representations and warranties had been made on and as of the First Amendment Effective
Date (it being understood that any representation or warranty made as of a specific date shall be true and correct in all material respects as of such specific date). 
  
 2. This Amendment is limited as specified and shall not constitute a modification, acceptance or waiver of any other
provision of the Credit Agreement or any other Credit Document. 
  
 3. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together
constitute one and the same instrument. A complete set of counterparts shall be lodged with the Borrower and the Administrative Agent. 
  
 4. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK. 
  
 5. This Amendment shall become effective on the date
(the “First Amendment Effective Date”) when each of the following conditions shall have been satisfied; provided that the First Amendment Effective Date may occur concurrently with the last of such conditions to be satisfied:

  
 (i) the Borrower, the Required Lenders and
each Lender with outstanding Term Loans immediately prior to the First Amendment Effective Date (each such Lender, a “Term Loan Lender”) shall have signed a counterpart hereof (whether the same or different counterparts) and shall
have delivered (including by way of facsimile transmission) the same to White & Case LLP, 1155 Avenue of the Americas, New York, New York 10036, Attention: Adam Greenhouse (facsimile: 212-354-8113); and 
  
 (ii) the Borrower shall have paid to the Administrative
Agent and the Lenders all fees, costs and expenses payable to the Administrative Agent and the Lenders to the extent then due. 
  

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 6. From and after the First Amendment Effective Date all references in the Credit Agreement and each of
the other Credit Documents to the Credit Agreement shall be deemed to be a reference to the Credit Agreement as modified hereby on the First Amendment Effective Date, pursuant to the terms of this Amendment. 
  
 *    *    * 
  

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 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver
this Amendment as of the date first above written. 
  

			
	 U.S.I. HOLDINGS CORPORATION

		
	 By:
	 	 /s/    EDWARD J. BOWLER

	 Name:
	 	 Edward J. Bowler

	 Title:
	 	 Senior Vice President

	
	 BANC OF AMERICA SECURITIES LLC, as
 Joint Lead Arranger

		
	 By:
	 	 /s/    WYATT L. SMITH

	 Name:
	 	 Wyatt L. Smith

	 Title:
	 	 Principal

	
	 J.P. MORGAN SECURITIES INC., as Joint
 Lead Arranger

		
	 By:
	 	 /S/    R. CRAIG TRACY

	 Name:
	 	 R. Craig Tracy

	 Title:
	 	 Managing Director

	
	 BANK OF AMERICA, N.A., individually
     and as Syndication Agent

		
	 By:
	 	 /S/    JIM V. MILLER

	 Name:
	 	 Jim V. Miller

	 Title:
	 	 Managing Director

	
	 JPMORGAN CHASE BANK, individually,
     as Administrative Agent and as Issuing Lender

		
	 By:
	 	 /S/    HELEN L. NEWCOMB

	 Name:
	 	 Helen L. Newcomb

	 Title:
	 	 Vice President

			
	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF MARCH 26, 2004, AMONG U.S.I. HOLDINGS CORPORATION, BANC OF AMERICA SECURITIES LLC AND J.P. MORGAN SECURITIES
INC., AS JOINT LEAD ARRANGERS, THE LENDERS FROM TIME TO TIME PARTY TO THE CREDIT AGREEMENT, BANK OF AMERICA, N.A., AS SYNDICATION AGENT AND JPMORGAN CHASE BANK, AS ADMINISTRATIVE AGENT
	
	 NAME OF INSTITUTION:

	  
  

		
	 By:
	 	  

	 Name:
	 	 
	 Title:Second Amendment to Credit Agreement, dated January 11, 2005

 Exhibit 10.56 
  
 SECOND AMENDMENT TO CREDIT AGREEMENT 
  
 SECOND AMENDMENT TO CREDIT AGREEMENT (this “Second Amendment”), dated as of January 11, 2005, among U.S.I.
HOLDINGS CORPORATION, a Delaware corporation (the “Borrower”), J.P. MORGAN SECURITIES INC., as Sole Lead Arranger and Sole Book Manager (the “Sole Lead Arranger”), the lenders from time to time party thereto (each a
“Lender” and, collectively, the “Lenders”) and JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank), as Administrative Agent (in such capacity, the “Administrative Agent”). All capitalized terms used herein
and not otherwise defined shall have the respective meanings provided such terms in the Credit Agreement (as defined below). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement, dated as of August 11,
2003 (as amended, modified and/or supplemented from time to time to, but not including, the date hereof, the “Credit Agreement”); 
  
 WHEREAS, the Borrower has requested the Lenders to amend the Credit Agreement in order to (a) add a new $90 million tranche of term loans thereto (the
“Tranche B Term Loans”), the proceeds of which will be used to finance (or refinance other debt used to finance) the Summit Global acquisition (the “Summit Global Acquisition”) and provide additional liquidity for the Borrower
and its Subsidiaries and (b) effect other modifications thereto identified by the Borrower; and 
  
 WHEREAS, subject to the terms and conditions of this Second Amendment, the parties hereto have agreed to amend certain provisions of the Credit Agreement
as herein provided; 
  
 NOW, THEREFORE, it is agreed: 

 

	I.	Amendments to Credit Agreement. 

  
 1. Notwithstanding anything to the contrary contained in the Credit Agreement, the Lenders acknowledge and agree that the Summit Global Acquisition may be
effected as a Permitted Acquisition under the Credit Agreement (and thereupon constitute a “Permitted Acquisition” for all purposes of the Credit Agreement), so long as: 
  
 (i) the Summit Global Acquisition shall be effected as a “Permitted Acquisition” in accordance
with all applicable terms of (and meet all applicable requirements for a Permitted Acquisition under) the Credit Agreement, after giving effect to this Second Amendment (including, without limitation, Sections 7.10, 7.13, 8.07 and 8.14 thereof);

  
 (ii) on or prior to the date of the
consummation of the Summit Global Acquisition (the “Summit Global Acquisition Effective Date”), there shall have been 

  

 
delivered to the Administrative Agent (w) true and correct copies of the Summit Global Acquisition purchase agreement and all other documents entered into in
connection with the Summit Global Acquisition (the “Summit Global Acquisition Documents”), certified as such by an officer of the Borrower, (x) a solvency certificate from the chief financial officer of the Borrower, dated the Summit
Global Acquisition Effective Date, in the form of Exhibit I to the Credit Agreement, (y) an opinion addressed to the Administrative Agent, the Collateral Agent and each of the Lenders and dated the Summit Global Acquisition Effective Date from Morea
& Schwartz PC, special counsel to the Credit Parties, in form and substance satisfactory to the Administrative Agent, and covering such matters incident to this Second Amendment and the transactions contemplated herein as the Administrative
Agent may reasonably request and (z) a copy of the detailed consolidated financial projections for Borrower and its Subsidiaries, and after giving effect to the Summit Global Acquisition, the related financings therefor and the transactions and
financings contemplated by this Second Amendment (including the Tranche B Term Loans), for the five fiscal years ended after the Summit Global Acquisition Effective Date (the “Updated Projections”), which Updated Projections, and the
supporting assumptions and explanations thereto, shall be reasonably satisfactory in form and substance to the Administrative Agent and the Required Lenders; and 
  
 (iii) on the Summit Global Acquisition Effective Date, (t) all Summit Global Acquisition Documents shall
have been duly executed and delivered by the parties thereto and shall be in full force and effect, (u) the representations and warranties set forth in the Summit Global Acquisition Documents shall be true and correct in all material respects, (v)
all necessary and material governmental (domestic and foreign) and third party approvals in connection with the Summit Global Acquisition and the transactions contemplated by the Summit Global Acquisition Documents and otherwise referred to therein,
shall have been obtained and remain in effect, and all applicable waiting periods shall have expired without any action being taken by any competent authority which restrains, prevents or imposes, in the judgment of the Administrative Agent,
materially adverse conditions upon the consummation of the Summit Global Acquisition, (w) there shall not exist any judgment, order, injunction or other restraint issued or filed or a hearing seeking injunctive relief or other restraint pending or
notified prohibiting or imposing materially adverse conditions upon the consummation of the Summit Global Acquisition, (x) after giving effect to the Summit Global Acquisition, nothing shall have occurred since December 31, 2003 (and neither the
Lenders nor the Administrative Agent shall have become aware of any facts or conditions not previously known) which could reasonably be expected to have a Material Adverse Effect, (y) each of the material conditions precedent to the consummation of
the Summit Global Acquisition as set forth in the Summit Global Acquisition Documents shall have been materially satisfied to the reasonable satisfaction of the Administrative Agent or waived with the consent of the Administrative Agent (which
consent shall not be unreasonably withheld), and (z) the Summit Global Acquisition shall have been consummated in accordance with all applicable laws and the Summit Global Acquisition Documents (without giving effect to any amendment or modification
thereof or waiver with respect thereto unless consented to by the Administrative Agent). 
  

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 2. Section 1.01 of the Credit Agreement is hereby amended by (x) deleting each instance of the text
“3.03(b)” appearing in clauses (a)(iv) and (a)(v) of said Section and inserting the text “3.03(c)” in lieu thereof and (y) inserting the following new clause (c) at the end of said Section: 
  
 “(c) Subject to and upon the terms and conditions set
forth herein, each Lender with a Tranche B Term Loan Commitment severally agrees to make a term loan or term loans (each a “Tranche B Term Loan” and, collectively, the “Tranche B Term Loans”) to the Borrower, which Tranche B Term
Loans (i) shall be incurred by the Borrower pursuant to a single borrowing on the Summit Global Acquisition Effective Date, (ii) shall be denominated in Dollars, (iii) shall, at the option of the Borrower, be incurred and maintained as and/or
converted into Base Rate Loans or Eurodollar Loans, provided that all Tranche B Term Loans comprising the same Borrowing shall at all times be of the same Type, (iv) shall not exceed for any Lender, in initial aggregate principal amount, that
amount which equals the Tranche B Term Loan Commitment of such Lender at the time of incurrence thereof (before giving effect to any reductions thereto on such date pursuant to Section 3.03(e)), and (v) shall not exceed, in initial aggregate
principal amount, that amount which equals the Total Tranche B Term Loan Commitment at the time of incurrence thereof (before giving effect to any reductions thereto on such date pursuant to Section 3.03(e)). Once repaid or prepaid, Tranche B Term
Loans incurred hereunder may not be re-borrowed.”. 
  
 3.
Section 1.03(a) of the Credit Agreement is hereby amended by inserting the text “, Tranche B Term Loans” immediately preceding the text “or Revolving Loans” appearing in clause (iii) of said Section. 
  
 4. Section 1.05(a) of the Credit Agreement is hereby amended by (x) deleting
the word “and” appearing at the end of clause (i) of said Section and inserting a comma in lieu thereof and (y) inserting the following text immediately preceding the period at the end of said Section: 
  
 “and (iii) if Tranche B Term Loans, by a promissory note substantially
in the form of Exhibit B-3 with blanks appropriately completed in conformity herewith (each a “Tranche B Term Note” and collectively, the “Tranche B Term Notes”)”. 
  
 5. Section 1.05 of the Credit Agreement is hereby further amended by (x)
redesignating clauses (d) and (e) of said Section as clauses (e) and (f), respectively, and (y) inserting the following new clause (d) immediately following clause (c) of said Section: 
  
 “(d) The Tranche B Term Note issued to each Lender with a Tranche B Term Loan Commitment and/or
outstanding Tranche B Term Loans shall (i) be executed by the Borrower, (ii) be payable to such Lender or its registered assigns and be dated the Summit Global Acquisition Effective Date (or, in the case of any Tranche B Term Note issued after the
Summit Global Acquisition Effective Date, the date of issuance thereof), (iii) be in a stated principal amount equal to the Tranche B Term Loan Commitment of such Lender on the Summit Global Acquisition Effective Date (or, in the case of any Tranche
B Term Note issued after the Summit Global Acquisition Effective Date, in a stated principal amount equal to the outstanding principal amount of the Tranche B Term 

  

 -3- 

 
Loans of such Lender on the date of the issuance thereof) and be payable in the principal amount of Tranche B Term Loans evidenced thereby from time to time,
(iv) mature on the Term Loan Maturity Date, (v) bear interest as provided in the appropriate clause of Section 1.08 in respect of the Base Rate Loans and Eurodollar Loans, as the case may be, evidenced thereby, (vi) be subject to voluntary repayment
as provided in Section 4.01 and mandatory repayment as provided in Section 4.02 and (vii) be entitled to the benefits of this Agreement and the other Credit Documents. Upon receipt of an affidavit of an officer of the Lender (together with a
customary indemnity from such Lender in form and substance satisfactory to the Borrower) that a Tranche B Term Note has been lost, stolen, destroyed or mutilated, the Borrower will issue a replacement Tranche B Term Note in the same principal amount
thereof and otherwise of like tender.”. 
  
 6. Section 1.06
of the Credit Agreement is hereby amended by deleting each instance of the text “Revolving Loans or Term Loans” appearing in said Section and inserting the text “Revolving Loans, Term Loans or Tranche B Term Loans” in lieu
thereof. 
  
 7. Section 1.07 of the Credit Agreement is hereby
amended by (x) deleting the text “Term Loans and Revolving Loans” appearing in the first sentence of said Section and inserting the text “Term Loans, Tranche B Term Loans and Revolving Loans” in lieu thereof and (y) deleting the
text “Term Loan Commitments or Revolving Loan Commitments” appearing in the first sentence of said Section and inserting the text “Term Loan Commitments, Tranche B Term Loan Commitments or Revolving Loan Commitments” in lieu
thereof. 
  
 8. Section 1.09 of the Credit Agreement is hereby
amended by (w) deleting the word “and” appearing after the semi-colon at the end of clause (v) of said Section, (x) deleting the text “4.02(b)” appearing in clause (vi) of said Section and inserting the text
“4.02(b)(i)” in lieu thereof, (y) deleting the period appearing at the end of clause (vi) thereof and inserting “; and” in lieu thereof and (z) inserting the following new clause (vii) immediately after clause (vi) of said
Section: 
  
 “(vii) no Interest Period in
respect of any Borrowing of Tranche B Term Loans shall be elected which extends beyond any date upon which a Tranche B Term Loan Scheduled Repayment will be required to be made under Section 4.02(b)(ii) if, after giving effect to the election of
such Interest Period, the aggregate principal amount of such Tranche B Term Loans which have Interest Periods which will expire after such date will be in excess of the aggregate principal amount of such Tranche B Term Loans then outstanding less
the aggregate amount of such required Tranche B Term Loan Scheduled Repayment.”. 
  
 9. Section 3.03 of the Credit Agreement is hereby amended by (w) deleting the text “The Total Commitment” appearing in clause (a) of said Section and inserting the text “Each of the Total Term Loan
Commitment and the Total Revolving Loan Commitment” in lieu thereof, (x) redesignating clauses (b) and (c) of said Section as clauses (c) and (d), respectively, (y) inserting the following new clause (b) immediately following clause (a) of said
Section: 
  
 “(b) The Tranche B Term Loan
Commitment (and the Tranche B Term Loan Commitment of each Lender) shall be terminated at 5:00 p.m. (New York time) on the 

  

 -4- 

 
Tranche B Term Loan Expiration Date unless the Summit Global Acquisition Effective Date has occurred on or before such date.”, 
  
 and (z) inserting the following new clause (e) immediately following clause (d) of said
Section: 
  
 “(e) Unless previously
terminated pursuant to Section 3.03(b) above, the Total Tranche B Term Loan Commitment (and the Total Tranche B Term Loan Commitment of each Lender) shall terminate in its entirety on the Second Amendment Effective Date (after giving effect to the
making of the Tranche B Term Loans on such date).”. 
  
 10.
Section 4.01 of the Credit Agreement is hereby amended by (w) deleting each instance of the text “Revolving Loans or Term Loans” appearing in said Section and inserting the text “Revolving Loans, Term Loans or Tranche B Term
Loans” in lieu thereof, (x) deleting the word “and” appearing immediately prior to the text “(v)” appearing in said Section and inserting a comma in lieu thereof, (y) deleting clause (v) of said Section in its entirety and
inserting the following new clause (v) in lieu thereof: 
  
 “(v) each prepayment of principal of Term Loans pursuant to this Section 4.01 shall be applied to reduce the then remaining Term Loan Scheduled Repayments in inverse order of maturity, and” 
  
 and (z) inserting the following new clause (vi) at the end of said Section: 
  
 “(vi) each prepayment of principal of Tranche B Term Loans pursuant to
this Section 4.01 shall be applied to reduce the then remaining Tranche B Term Loan Scheduled Repayments in inverse order of maturity.”. 
  
 11. Section 4.02(b) of the Credit Agreement is hereby amended by (x) inserting the text “(i)” immediately prior to the text “In
addition” appearing in said Section, (y) deleting each instance of the text “Scheduled Repayment” appearing in said Section and inserting the text “Term Loan Scheduled Repayment” in lieu thereof and (z) inserting the
following new clause (ii) at the end of said Section: 
  
 “(ii) In addition to any other mandatory repayments or commitment reductions pursuant to this Section 4.02, on each date set forth below, the Borrower shall be required to repay that principal amount of Tranche B Term Loans, to the
extent then outstanding, as is set forth opposite such date (each repayment, as the same may be reduced as provided in Sections 4.01 and 4.02(h), a “Tranche B Term Loan Scheduled Repayment”): 
  

				
	 Tranche B Term Loan Scheduled Repayment Date

	  	Amount

	 April 30, 2005
	  	$	225,000
	 July 31, 2005
	  	$	225,000
	 October 31, 2005
	  	$	225,000
		
	 January 31, 2006
	  	$	225,000
	 April 30, 2006
	  	$	225,000
	 July 31, 2006
	  	$	225,000

  

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	 October 31, 2006
	  	 	$225,000
		
	 January 31, 2007
	  	 	$225,000
	 April 30, 2007
	  	 	$225,000
	 July 31, 2007
	  	 	$225,000
	 October 31, 2007
	  	 	$225,000
		
	 January 31, 2008
	  	$	21,881,250
	 April 30, 2008
	  	$	21,881,250
	 July 31, 2008
	  	$	21,881,250
	 Term Loan Maturity Date
	  	$	21,881,250

  
 12. Section 4.02(h) of
the Credit Agreement is hereby amended by deleting said Section in its entirety and inserting the following new Section 4.02(h) in lieu thereof: 
  
 “(h) Each amount required to be applied pursuant to Sections 4.02(c), (d), (e), (f) and (g) in accordance with the requirements of
this Section 4.02(h) shall, subject to the provisions of Section 4.02(k), be applied (i) first, as a mandatory repayment of any outstanding Term Loans and Tranche B Term Loans (pro rata in accordance with the then aggregate
outstanding principal amount of all Term Loans and Tranche B Term Loans), and (ii) second, to the extent in excess of the amounts required to be applied pursuant to the preceding clause (i), to repay any outstanding Revolving Loans, without a
reduction to the Total Revolving Loan Commitment. The amount of each principal repayment of each outstanding Term Loan or Tranche B Term Loan, as the case may be, made as required by this Section 4.02(h) shall be applied to reduce the then remaining
Term Loan Scheduled Repayments or Tranche B Term Loan Scheduled Repayments, as the case may be, in the inverse order of maturity.”. 
  
 13. Section 4.02(i) of the Credit Agreement is hereby amended by inserting the text “and Tranche B Term Loans” after the text “Term
Loans”. 
  
 14. Section 4.02(k) of the Credit Agreement is
hereby amended by (x) deleting each instance of the text “Term Loans” appearing in said Section and inserting the text “Term Loans or Tranche B Term Loans” in lieu thereof and (y) deleting each instance of the text “Term
Loan” appearing in said Section and inserting the text “Term Loan or Tranche B Term Loan” in lieu thereof. 
  
 15. Section 6.25 of the Credit Agreement is hereby amended by inserting the following new clause (c) immediately after clause (b) of said Section:

  
 “(c) The proceeds of the Tranche B Term
Loans shall be utilized by the Borrower solely (x) to fund the Summit Global Acquisition and (y) for the general corporate and working capital purposes of the Borrower and its Subsidiaries (including, but not limited to, Permitted
Acquisitions).”. 
  
 16. Section 7.13(a)(v) of the Credit
Agreement is hereby amended by deleting the text of said Section in its entirety and inserting the text “[INTENTIONALLY OMITTED]” in lieu thereof. 
  

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 17. Section 7.13(a)(vi) of the Credit Agreement is hereby amended by inserting the text “and
provided further that the Acquisition Consideration payable in connection with the Summit Global Acquisition shall not be subject to, and shall not be included in calculating, the limitations contained in this clause (vi)”
immediately prior to the semi-colon appearing at the end of said Section. 
  
 18. Section 8.01 of the Credit Agreement is hereby amended by (x) deleting the Total Leverage Ratio levels for the following fiscal quarters and replacing them as indicated below: 
  

			
	 Fiscal Quarter Ending On

	  	Ratio

	 March 31, 2005
	  	2.75:1.00
		
	 June 30, 2005
	  	2.75:1.00
		
	 September 30, 2005
	  	2.50:1.00
		
	 December 31, 2005
	  	2.50:1.00
		
	 March 31, 2006
	  	2.25:1.00
		
	 June 30, 2006
	  	2.25:1.00
		
	 September 30, 2006
	  	2.25:1.00
		
	 December 31, 2006
	  	2.25:1.00

  
 19. Section 8.05(vi)
of the Credit Agreement is hereby amended by inserting the text “and provided further that any Permitted Seller Debt incurred in connection with the Summit Global Acquisition shall not be subject to, and shall not be included in
calculating, the limitations contained in the immediately preceding proviso” immediately prior to the semi-colon appearing at the end of said Section. 
  
 20. The definition of “Applicable Margin” appearing in Section 10 of the Credit Agreement is hereby amended by (x) deleting the text
“(ii)” appearing in said definition and inserting the text “(iii)” in lieu thereof and (y) inserting the text “(ii) in the case of Tranche B Term Loans maintained as (x) Base Rate Loans, 1.50% and (y) Eurodollar Loans,
2.50%” immediately after the text “2.50%” appearing in clause (i) of said definition. 
  
 21. The definition of “Commitment” appearing in Section 10 of the Credit Agreement is hereby amended by inserting the text “Tranche B Term
Loan Commitment” immediately after “Term Loan Commitment”. 
  

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 22. The definition of “Consolidated EBITDA” appearing in Section 10 of the Credit Agreement is
hereby amended by (i) deleting the text “(c)” appearing in said definition and inserting the text “(d)” in lieu thereof, (ii) inserting the text “and (c) in the case of any period including the fiscal quarters of the
Borrower ended December 31, 2004 and/or March 31, 2005, one-time restructuring charges (including, but not limited to, real estate lease termination charges, severance charges, producer compensation buy-down charges and service contract termination
charges) actually incurred during such fiscal quarters in an aggregate amount not to exceed $15,000,000” immediately before the text “, minus” appearing in said definition and (iii) inserting the text “; provided
that one-time cash charges of the Borrower incurred during the fiscal year of the Borrower ending December 31, 2005 in connection with the Summit Global Acquisition in an amount not to exceed $5,000,000 shall be excluded from the calculation of
Consolidated EBITDA of the Borrower for purposes of this Agreement” immediately prior to period appearing at the end of said definition. 
  
 23. The definition of “Credit Facilities” appearing in Section 10 of the Credit Agreement is hereby deleted in its entirety. 
  
 24. The definition of “Excess Cash Flow” appearing in Section 10 of
the Credit Agreement is hereby amended by inserting the text “or Tranche B Term Loans” immediately after the text “Term Loans” appearing in clause (b)(ii) of said Section. 
  
 25. The definition of “Indebtedness” appearing in Section 10 of the
Credit Agreement is hereby amended by (x) deleting the word “and” appearing before the text “(iii)” in clause (a) of said definition and (y) inserting the text “and (iv) amounts payable with respect to expected insurance
policy commissions which have been advanced from insurance carriers in an amount not to exceed $25,000,000 at any time” immediately prior to the semicolon at the end of clause (a) of said definition. 
  
 26. The definition of “Loan” or “Loans” appearing in
Section 10 of the Credit Agreement is hereby amended by inserting the text “, Tranche B Term Loan” immediately after the text “Term Loan” appearing in said definition. 
  
 27. The definition of “Minimum Borrowing Amount” appearing in Section 10 of the Credit Agreement is hereby amended
by inserting the text “and Tranche B Term Loans” immediately after the text “Term Loans” appearing in said definition. 
  
 28. The definition of “Net Cash Proceeds” appearing in Section 10 of the Credit Agreement is hereby amended by inserting the text “or
Tranche B Term Loans” immediately after the text “Term Loans” appearing in said definition. 
  
 29. The definition of “Required Lenders” appearing in Section 10 of the Credit Agreement is hereby amended by (x) inserting the text “,
Tranche B Term Loans” immediately after the text “whose outstanding Term Loans” appearing in said definition and (y) inserting the text “or Tranche B Term Loans” immediately after the text “Term Loans” appearing in
clause (i) of said Section. 
  
 30. The definition of
“Scheduled Repayment” appearing in Section 10 of the Credit Agreement is hereby deleted in its entirety. 
  

 -8- 

 31. The definition of “Term Loan Commitment” appearing in Section 10 of the Credit Agreement is
hereby amended by deleting the text “(b)” appearing in said definition and inserting the text “(c)” in lieu thereof. 
  
 32. The definition of “Total Commitment” appearing in Section 10 of the Credit Agreement is hereby amended by inserting the text “, Tranche
B Term Loan Commitment” immediately after the text “Term Loan Commitment” appearing in said definition. 
  
 33. The definition of “Total Term Loan Commitment” appearing in Section 10 of the Credit Agreement is hereby amended by inserting the text
“and Tranche B Term Loan Commitments” immediately after the text “Term Loan Commitments” appearing in said definition. 
  
 34. The definition of “Tranche” appearing in Section 10 of the Credit Agreement is hereby amended by (x) deleting the word “two”
appearing in said definition and inserting the word “three” in lieu thereof and (y) inserting the text “, Tranche B Term Loans” immediately after the text “Term Loans” appearing in said definition. 
  
 35. Section 10 of the Credit Agreement is hereby further amended by inserting
in the appropriate alphabetical order the following new definitions: 
  
 “Credit Facilities” shall mean, collectively, the Revolving Credit Facility, the Term Loan Facility and the Tranche B Term Loan Facility. 
  
 “Scheduled Repayment” shall mean and include each Term Loan Scheduled Repayment and each Tranche B Term Loan Scheduled Repayment. 
  
 “Second Amendment” shall mean the Second Amendment to Credit
Agreement, dated as of January 11, 2005. 
  
 “Second
Amendment Effective Date” shall have the meaning provided in the Second Amendment. 
  
 “Summit Global Acquisition” shall have the meaning provided in the Second Amendment. 
  
 “Summit Global Acquisition Documents” shall have the meaning provided in the Second Amendment. 
  
 “Summit Global Acquisition Effective Date” shall have the meaning
provided in the Second Amendment. 
  
 “Term Loan Scheduled
Repayment” shall have the meaning provided in Section 4.02(b)(i). 
  
 “Total Tranche B Term Loan Commitment” shall mean the sum of the Tranche B Term Loan Commitments of each of the Lenders. 
  

 -9- 

 “Tranche B Term Loans” shall have the meaning provided in Section 1.01(c). 
  
 “Tranche B Term Loan Commitment” shall mean, with respect to each
Lender, the amount set forth in the Tranche B Term Loan Commitment Letter executed and delivered by such Lender to the Administrative Agent prior to the Summit Global Acquisition Effective Date, as the same may be reduced or terminated pursuant to
Sections 3.03(b) and (c); provided that the aggregate amount of all Tranche B Term Loan Commitments shall not exceed $90,000,000 at any time. 
  
 “Tranche B Term Loan Commitment Letter” shall mean a Tranche B Term Loan Commitment Letter in the form of Exhibit M. 
  
 “Tranche B Term Loan Expiration Date” shall mean March 31, 2005.

  
 “Tranche B Term Loan Facility” shall mean the
$90,000,000 term loan facility incorporated into this Agreement in the Second Amendment. 
  
 “Tranche B Term Loan Scheduled Repayment” shall have the meaning provided in Section 4.02(b)(ii). 
  
 “Tranche B Term Note” shall have the meaning provided in Section 1.05(a). 
  
 36. Section 12.04(b) of the Credit Agreement is hereby amended by inserting the text “or Tranche B Term Loans”
immediately after each instance of the text “Term Loans” appearing in said Section. 
  
 37. Section 12.11(b) of the Credit Agreement is hereby amended by inserting the text “, Tranche B Term Loans” immediately after the text “Term Loans” appearing in said Section. 
  
 38. The Credit Agreement is hereby further amended by deleting Exhibit K in
its entirety and inserting the following new Exhibit K in the form of Exhibit K hereto. 
  
 39. The Credit Agreement is hereby further amended by inserting the following new Exhibits B-3 and M in the form of Exhibits B-3 and M hereto. 
  
 40. Notwithstanding anything to the contrary contained in this Second Amendment or in any other Credit Document, this Second
Amendment shall be deemed null and void and of no force or effect on March 31, 2005 if the Summit Global Acquisition Effective Date and the concurrent incurrence by the Borrower of the Tranche B Term Loans has not occurred on or prior to such date.

  

 -10- 

	II.	Miscellaneous Provisions. 

  
 1. In order to induce the Lenders to enter into this Second Amendment, the Borrower hereby represents and warrants that: 
  
 (a) no Default or Event of Default exists as of the Second
Amendment Effective Date (as defined below), both immediately before and immediately after giving effect to this Second Amendment; and 
  
 (b) all of the representations and warranties contained in the Credit Agreement and the other Credit Documents are true and correct in all
material respects on the Second Amendment Effective Date both immediately before and immediately after giving effect to this Second Amendment, with the same effect as though such representations and warranties had been made on and as of the Second
Amendment Effective Date (it being understood that any representation or warranty made as of a specific date shall be true and correct in all material respects as of such specific date). 
  
 2. This Second Amendment is limited as specified and shall not constitute a modification, acceptance or waiver of any other
provision of the Credit Agreement or any other Credit Document. 
  
 3. This Second Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall
together constitute one and the same instrument. A complete set of counterparts shall be lodged with the Borrower and the Administrative Agent. 
  
 4. THIS SECOND AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE
STATE OF NEW YORK. 
  
 5. This Second Amendment shall become
effective on the date (the “Second Amendment Effective Date”) when each of the following conditions shall have been satisfied; provided that the Second Amendment Effective Date may occur concurrently with the last of such conditions to be
satisfied: 
  
 (a) the Administrative Agent shall
have received from each Credit Party certified copies of resolutions of the Board of Directors of such Credit Party with respect to the matters set forth in this Second Amendment and such resolutions shall be satisfactory to the Administrative
Agent; 
  
 (b) the Administrative Agent shall
have received a certificate, dated the Second Amendment Effective Date and signed on behalf of the Borrower by an appropriate officer of the Borrower, stating all of the conditions in clauses II.1(a) and II.1(b) hereof have been satisfied on such
date; 
  
 (c) the Borrower shall have paid to the
Administrative Agent and the Lenders all fees, costs and expenses (including, without limitation, legal fees and expenses) payable to the Administrative Agent and the Lenders to the extent then due; and 
  
 (d) the Borrower, each other Credit Party and the Required
Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and shall have 

  

 -11- 

 
delivered (including by way of facsimile or other electronic transmission) the same to White & Case LLP, 1155 Avenue of the Americas, New York, New York
10036, Attention: May Yip-Daniels (facsimile: 212-354-8113 / email: myip@whitecase.com). 
  
 6. By executing and delivering a copy hereof, each Credit Party hereby agrees that all Loans (including, without limitation, the Tranche B Term Loans) shall be fully guaranteed pursuant to each Subsidiaries Guaranty
in accordance with the terms and provisions thereof and shall be fully secured pursuant to the Security Documents. 
  
 7. The Borrower hereby covenants and agrees that, so long as the Second Amendment Effective Date occurs, it shall pay to each Lender which executes and
delivers to the Administrative Agent (or its designee) a counterpart hereof by 5:00 P.M. (New York City time) on January 11, 2005, a non-refundable cash fee (the “Amendment Fee”) in an amount equal to 10.0 basis points (0.10%) on an
amount equal to the sum of (i) the aggregate principal amount of all Term Loans of such Lender outstanding on the Second Amendment Effective Date plus (ii) the Revolving Loan Commitment of such Lender as in effect on the Second Amendment
Effective Date. The Amendment Fee shall not be subject to counterclaim or set-off, or be otherwise affected by, any claim or dispute relating to any other matter. The Amendment Fee shall be paid by the Borrower to the Administrative Agent for
distribution to the relevant Lenders not later than the second Business Day following the Second Amendment Effective Date. 
  
 8. From and after the Second Amendment Effective Date all references in the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be a reference to the Credit Agreement as modified hereby on the Second Amendment Effective Date, pursuant to the terms of this Second Amendment. 
  
 *         *         * 
  

 -12- 

 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver
this Second Amendment as of the date first above written. 
  

					
	U.S.I. HOLDINGS CORPORATION
			
	By:	 	 	 	 /s/ Robert Schneider

	 	 	 Name:
	 	 Robert Schneider

	 	 	 Title:
	 	 Chief Financial Officer

  

					
	J.P. MORGAN SECURITIES INC., as Sole Lead Arranger
			
	By:	 	 	 	 /s/ Helen Newcomb

	 	 	 Name:
	 	 Helen Newcomb

	 	 	 Title:
	 	 Vice President

  

					
	 JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank), individually, as Administrative Agent and as Issuing
Lender

			
	By:	 	 	 	 /s/ Helen Newcomb

	 	 	 Name:
	 	 Helen Newcomb

	 	 	 Title:
	 	 Vice President

  

 IN WITNESS WHEREOF, the undersigned being all of the Subsidiary Guarantors as of the date first above
written have caused their duly authorized officers to execute and deliver this Second Amendment as of the date first above written. 
  

					
	USI INSURANCE SERVICES CORP.,
	
	ACQUISITION RISK MANAGEMENT SERVICES, INC.,
	
	ASSOCIATION GROWTH ENTERPRISES, INCORPORATED,
	
	BERTHOLON-ROWLAND, INC.,
	
	SIGNATURE PREMIUM FINANCE, INC.,
	
	DEXTER-BERTHOLON ROWLAND, INC.,
	
	BERTHOLON ROWLAND, INC.,
	
	COLBURN INSURANCE AGENCY,
	
	U.S.I. INSURANCE SERVICES OF MASSACHUSETTS, INC.,
	
	GOVERNMENTAL ENTITIES MANAGEMENT SERVICES, INC.,
	
	NETCARE SERVICES, INC.
	
	PHOENIX INSURANCE AGENCY, INC.,
	
	KISCO PARTNERS, INC.,
	
	PROGRESSIVE PLAN ADMINISTRATORS, INC.,
	
	 as Guarantors

			
	By:	 	 	 	 /s/ Ernest J. Newborn, II

	 	 	 Name:
	 	 Ernest J. Newborn, II

	 	 	 Title:
	 	 Secretary

  

					
	COMMERCIAL INSURANCE CONCEPTS, INC.,
	
	INTER/NATIONAL RENTAL INSURANCE SERVICES, INC.,
	
	INTER/NATIONAL RENTAL INSURANCE, INC.,
	
	FLEET AND EQUIPMENT RENTAL RISK PURCHASING GROUP,
	
	CAMPBELL, GALT & NEWLANDS, INC.,
	
	EL CAMINO INSURANCE AGENCY,
	
	HURLEY, ATKINS & STEWART, INC.,
	
	USI INSURANCE SERVICES OF NORTHERN CALIFORNIA, INC.,
	
	USI OF SOUTHERN CALIFORNIA INSURANCE SERVICES, INC.,
	
	MAX BEHM & ASSOCIATES, INC.,
	
	UNITED CALIFORNIA INSURANCE AGENCY,
	
	CUSTOM BENEFIT PROGRAMS, INC.,
	
	MORRILL, KOSLOW & ASSOCIATES INSURANCE AGENCY INC.,
	
	THE CAPITAL PLANNING GROUP, INC.,
	
	USI CONSULTING GROUP, INC.,
	
	as Guarantors
			
	By:	 	 	 	 /s/ Ernest J. Newborn, II

	 	 	 Name:
	 	 Ernest J. Newborn, II

	 	 	 Title:
	 	 Secretary

  

					
	STRATEGIC ASSET ADVISORS, INC.,
	
	CICORP – USI, INC.,
	
	COMMERCIAL BROKER SERVICES, INC.,
	
	EMPLOYERS SAFETY COUNCIL OF FLORIDA, INC.,
	
	USI MIDWEST, INC.,
	
	USI INSURANCE SERVICES CORP. OF ILLINOIS, INC.,
	
	USI OF ILLINOIS, INC.,
	
	WRIMS CORP.,
	
	INSURANCE RISK MANAGERS, INC.,
	
	ANCO CORPORATION,
	
	MD PREMIUM FINANCE CORPORATION,
	
	WESTERN CLAIMS SERVICES, INC.,
	
	REGIONAL INSURANCE MANAGEMENT SERVICES, INC.,
	
	ANCO MANAGEMENT CORP.,
	
	ANCO LIFE & BENEFITS SERVICES, INC.,
	
	STRATEGIC BENEFIT PLANNING CORPORATION,
	
	ANCO INSURANCE SERVICES OF HOUSTON, INC.,
	
	as Guarantors
			
	By:	 	 	 	 /s/ Ernest J. Newborn, II

	 	 	 Name:
	 	 Ernest J. Newborn, II

	 	 	 Title:
	 	 Secretary

  

			
	USI ADVISORS, INC.,
	
	USI CONSULTING GROUP OF MASSACHUSETTS, INC.,
	
	USI CONSULTING GROUP OF NEW YORK, INC.,
	
	BENEFIT STRATEGIES, INC.,
	
	BENEFIT STRATEGIES OF MAINE, INC.,
	
	USI INSURANCE BROKERS, INC.,
	
	USI SECURITIES, INC.,
	
	FUTURE PLANNING ASSOCIATES, INC.,
	
	DWP/USI OF SOUTHERN CALIFORNIA INSURANCE AGENCY, INC.,
	
	BERTHOLON-ROWLAND, CORP.,
	
	B-R CORP. OF NORTH CAROLINA,
	
	BR INSURANCE SERVICES CORP.
	
	AMERICAN INSURANCE ADMINISTRATORS, INC.,
	
	O’LEARY-KIENTZ, INC.,
	
	TURNER P. WILLIAMS & ASSOCIATES, LLC
	
	as Guarantors

  

					
			
	By:	 	 	 	/s/ Ernest J. Newborn, II
	 	 	 Name:
	 	 Ernest J. Newborn, II

	 	 	 Title:
	 	 Secretary

  

			
	USI RETIREMENT SERVICES, INC.,
	
	EMERSON, REID & COMPANY, INC.,
	
	RIVERSIDE INSURANCE ASSOCIATES, INC.,
	
	THE INSURANCE EXCHANGE, INC.,
	
	ROGER RYAN & COMPANY, INC.,
	
	USI INSURANCE SERVICES OF RHODE ISLAND, INC.,
	
	INEX ALTERNATIVE PROGRAMS, INC.,
	
	INEX ALTERNATIVE PROGRAM ADMINISTRATORS, INC.,
	
	BECHARD INSURANCE AGENCY, INC.,
	
	USI MIDATLANTIC, INC.,
	
	RENTAL INDUSTRY SERVICES, INC.,
	
	USI NORTHEAST, INC.,
	
	HENDERSON & PHILLIPS, INCORPORATED,
	
	USI OF GEORGIA, INC.,
	
	OVERSTREET & NEWELL, INC.,
	
	COLONIAL PREMIUM FINANCE COMPANY,
	
	USI GULF COAST, INC.,
	
	USI INSURANCE SERVICES OF FLORIDA, INC.,
	
	as Guarantors

  

					
			
	By:	 	 	 	/s/ Ernest J. Newborn, II
	 	 	 Name:
	 	 Ernest J. Newborn, II

	 	 	 Title:
	 	 Secretary

  

			
	SIGNATURE PAGE TO THE SECOND AMENDMENT TO CREDIT AGREEMENT, DATED AS OF JANUARY 11, 2005, AMONG U.S.I. HOLDINGS CORPORATION, J.P. MORGAN SECURITIES INC., AS SOLE LEAD ARRANGER, THE
LENDERS FROM TIME TO TIME PARTY TO THE CREDIT AGREEMENT AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT
	
	NAME OF INSTITUTION:

  

					
	JP Morgan Chase Bank, N.A.
			
	By:	 	 	 	 /s/ Robert Anastasio

	 	 	 Name:
	 	 Robert Anastasio

	 	 	 Title:
	 	 Vice President

	
	 FOXE BASIN CLO 2003, LTD.
 By Royal Bank of
Canada as Collateral Manager

			
	By:	 	 	 	 /s/ Melissa Marano

	 	 	 Name:
	 	 Melissa Marano

	 	 	 Title:
	 	 Authorized Signatory

	
	 HUDSON STRAITS CLO 2004, LTD.
 By Royal Bank of Canada as Collateral Manager

			
	By:	 	 	 	 /s/ Melissa Marano

	 	 	 Name:
	 	 Melissa Marano

	 	 	 Title:
	 	 Authorized Signatory

	
	NAVIGATOR CDO 2003, LTD.
	By:	 	 Antares Asset Management Inc., as
 Collateral
Manager

			
	By:	 	 	 	 /s/ Tyler Lindblad

	 	 	 Name:
	 	 Tyler Lindblad

	 	 	 Title:
	 	 Vice President

	
	SEQUILS-CENTURION V, LTD.
	By:	 	 American Express Asset Management
 Group,
Inc. as Collateral Manager

			
	By:	 	 	 	 /s/ Vincent P. Pham

	 	 	 Name:
	 	 Vincent P. Pham

	 	 	 Title:
	 	 Director - Operations

  

					
	 CENTURION CDO VI, LTD.

	By:	 	 American Express Asset Management
 Group,
Inc. as Collateral Manager

			
	 By:
	 	 	 	 /s/ Vincent P. Pham

	 	 	 Name:
	 	 Vincent P. Pham

	 	 	 Title:
	 	 Director - Operations

	
	 CENTURION CDO II, LTD.

	By:	 	 American Express Asset Management
 Group, Inc. as Collateral Manager

			
	 By:
	 	 	 	 /s/ Vincent P. Pham

	 	 	 Name:
	 	 Vincent P. Pham

	 	 	 Title:
	 	 Director – Operations

	
	 IDS LIFE INSURANCE COMPANY

	By:	 	 American Express Asset Management
 Group,
Inc. as Collateral Manager

			
	 By:
	 	 	 	 /s/ Yvonne Stevens

	 	 	 Name:
	 	 Yvonne Stevens

	 	 	 Title:
	 	 Senior Managing Director

  

					
	AMERICAN EXPRESS CERTIFICATE
COMPANY
	By:	 	 American Express Asset Management
 Group,
Inc. as Collateral Manager

			
	 By:
	 	 	 	 /s/ Yvonne Stevens

	 	 	 Name:
	 	 Yvonne Stevens

	 	 	 Title:
	 	 Senior Managing Director

	
	 KZH CYPRESSTREE-1 LLC

			
	 By:
	 	 	 	 /s/ Hi Hua

	 	 	 Name:
	 	 Hi Hua

	 	 	 Title:
	 	 Authorized Agent

	
	 KZH STERLING LLC

			
	 By:
	 	 	 	 /s/ Hi Hua

	 	 	 Name:
	 	 Hi Hua

	 	 	 Title:
	 	 Authorized Agent

	
	APEX (IDM) CDO I, LTD.
BABSON CLO LTD. 2003-I
ELC (CAYMAN) LTD. CDO SERIES 1999-I
ELC (CAYMAN) LTD. 1999-III
ELC (CAYMAN) LTD. 2000-I
SUFFIELD CLO,
LIMITED
TRYON CLO LTD. 2000-I
	 By:
	 	Babson Capital Management LLC as
Collateral Manager
			
	 By:
	 	 	 	 /s/ David P. Wells

	 	 	 Name:
	 	 David P. Wells, CFA

	 	 	 Title:
	 	 Managing Director

  

					
	 MAPLEWOOD (CAYMAN) LIMITED

	By:	 	Babson Capital Management LLC as
Investment Adviser
			
	 By:
	 	 	 	 /s/ David P. Wells

	 	 	 Name:
	 	 David P. Wells, CFA

	 	 	 Title:
	 	 Managing Director

	
	MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY
	By:	 	Babson Capital Management LLC as
Investment Adviser
			
	 By:
	 	 	 	 /s/ David P. Wells

	 	 	 Name:
	 	 David P. Wells, CFA

	 	 	 Title:
	 	 Managing Director

	
	 SANKATY ADVISORS, LLC

	as Collateral Manager for Loan Funding XI,
Ltd., as Term Lender
			
	 By:
	 	 	 	 /s/ Diane J. Exter

	 	 	 Name:
	 	 Diane J. Exter

	 	 	 Title:
	 	Managing Director
Portfolio Manager
	
	 SANKATY ADVISORS, LLC

	as Collateral Manager for Race Point CLO,
Limited, as Term Lender
			
	 By:
	 	 	 	 /s/ Diane J. Exter

	 	 	 Name:
	 	 Diane J. Exter

	 	 	 Title:
	 	Managing Director
Portfolio Manager

  

					
	 SANKATY ADVISORS, LLC
 as Collateral Manager for Race Point II CLO,
 Limited, as Term Lender

			
	By:	 	 	 	 /s/ Diane J. Exter

	 	 	 Name:
	 	 Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio Manager

	
	 SANKATY ADVISORS, LLC
 as Collateral Manager for Castle Hill I-Ingots,
 Ltd., as Term Lender

			
	By:	 	 	 	 /s/ Diane J. Exter

	 	 	 Name:
	 	 Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio Manager

	
	 SANKATY ADVISORS, LLC
 as Collateral Manager for Castle Hill II-Ingots,
 Ltd., as Term Lender

			
	By:	 	 	 	 /s/ Diane J. Exter

	 	 	 Name:
	 	 Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio Manager

	
	 SANKATY HIGH YIELD PARTNERS III, L.P.

			
	By:	 	 	 	 /s/ Diane J. Exter

	 	 	 Name:
	 	 Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio Manager

  

					
	 HARBOUR TOWN FUNDING LLC

			
	By:	 	 	 	 /s/ Meredith J. Koslick

	 	 	 Name:
	 	 Meredith J. Koslick

	 	 	 Title:
	 	 Assistant Vice President

	
	 BLACKROCK LIMITED DURATION
 INCOME TRUST
 MAGNETITE IV CLO, LIMITED
 MAGNETITE V CLO, LIMITED

			
	By:	 	 	 	 /s/ Tom Colwell

	 	 	 Name:
	 	 Tom Colwell

	 	 	 Title:
	 	 Authorized Signatory

	
	 BANK OF MONTREAL

	 By:
	 	 HIM Monegy, Inc. as agent

			
	By:	 	 	 	 /s/ S. Valia

	 	 	 Name:
	 	 S. Valia

	 	 	 Title:
	 	 Managing Director

	
	 BANK OF AMERICA, N.A.

			
	By:	 	 	 	 /s/ Jim V. Miller

	 	 	 Name:
	 	 Jim V. Miller

	 	 	 Title:
	 	 Senior Vice President

	
	 CALLIDUS DEBT PARTNERS CLO
 FUND II, LTD.

	 By:
	 	 Its Collateral Manager, Callidus Capital
 Management, LLC

			
	By:	 	 	 	 /s/ Peter R. Bennitt

	 	 	 Name:
	 	 Peter R. Bennitt

	 	 	 Title:
	 	 Principal

  

					
	 CSAM FUNDING III

			
	By:	 	 	 	 /s/ Andrew H. Marshak

	 	 	 Name:
	 	 Andrew H. Marshak

	 	 	 Title:
	 	 Authorized Signatory

	
	 SEQUILS-CUMBERLAND I, LTD.

	 By:
	 	 Deerfield Capital Management LLC
 as its Collateral Manager

			
	By:	 	 	 	 /s/ Matt Stouffer

	 	 	 Name:
	 	 Matt Stouffer

	 	 	 Title:
	 	 Senior Vice President

	
	 ROSEMONT CLO, LTD.

	 By:
	 	 Deerfield Capital Management LLC
 as its Collateral Manager

			
	By:	 	 	 	 /s/ Matt Stouffer

	 	 	 Name:
	 	 Matt Stouffer

	 	 	 Title:
	 	 Senior Vice President

	
	 FOREST CREEK CLO, LTD.

	 By:
	 	 Deerfield Capital Management LLC
 as its Collateral Manager

			
	By:	 	 	 	 /s/ Matt Stouffer

	 	 	 Name:
	 	 Matt Stouffer

	 	 	 Title:
	 	 Senior Vice President

	
	 SENIOR DEBT PORTFOLIO

	 By:
	 	 Boston Management and Research
 as Investment Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	EATON VANCE SENIOR INCOME TRUST
	By:	 	 Eaton Vance Management as
 Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	EATON VANCE INSTITUTIONAL SENIOR
LOAN FUND
	By:	 	 Eaton Vance Management as
 Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	EATON VANCE CDO III, LTD.
	By:	 	 Eaton Vance Management as
 Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	 COSTANTINUS EATON VANCE CDO V,
 LTD.

	By:	 	 Eaton Vance Management as
 Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	EATON VANCE CDO VI LTD.
	By:	 	 Eaton Vance Management as
 Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	GRAYSON & CO
	By:	 	 Boston Management and Research
 as Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	BIG SKY SENIOR LOAN FUND, LTD.
	By:	 	 Eaton Vance Management as
 Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	THE NORINCHUKIN BANK, NEW YORK BRANCH, through State Street Bank and Trust Company, N.A. as Fiduciary Custodian
	By:	 	 Eaton Vance Management,
 Attorney-in-fact

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	 EATON VANCE LIMITED DURATION
 INCOME
FUND

	By:	 	 Eaton Vance Management
 as Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	TOLLI & CO.
	By:	 	 Eaton Vance Management
 as Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	EATON VANCE FLOATING-RATE INCOME TRUST
	By:	 	 Eaton Vance Management
 as Investment
Advisor

			
	By:	 	 	 	 /s/ Michael B. Botthof

	 	 	 Name:
	 	 Michael B. Botthof

	 	 	 Title:
	 	 Vice President

  

					
	FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND
			
	By:	 	 	 	 /s/ John H. Costello

	 	 	 Name:
	 	 John H. Costello

	 	 	 Title:
	 	 Assistant Treasurer

  

					
	 FIFTH THIRD BANK

			
	 By:
	 	 	 	 /s/ Timothy P. Kelley

	 	 	 Name:
	 	 Timothy P. Kelley

	 	 	 Title:
	 	 Vice President

	
	 GULF STREAM COMPASS CLO 2004-1 LTD

	 By:
	 	 Gulf Stream Asset Management LLC
 As Collateral Manager

			
	 By:
	 	 	 	 /s/ Barry K. Love

	 	 	 Name:
	 	 Barry K. Love

	 	 	 Title:
	 	 Chief Credit Officer

	
	 GULF STREAM COMPASS CLO 2003-1 LTD.

	 By:
	 	 Gulf Stream Asset Management LLC
 As Collateral Manager

			
	 By:
	 	 	 	 /s/ Barry K. Love

	 	 	 Name:
	 	 Barry K. Love

	 	 	 Title:
	 	 Chief Credit Officer

	
	 SEQUILS-ING I (HBDGM), LTD.

	 By:
	 	 ING Capital Advisors LLC,
 as Collateral Manager

			
	 By:
	 	 	 	 /s/ Mike Hatley

	 	 	 Name:
	 	 Mike Hatley

	 	 	 Title:
	 	 Managing Director

	
	 NEMEAN CLO, LTD.

	 By:
	 	 ING Capital Advisors LLC,
 as Investment Manager

			
	 By:
	 	 	 	 /s/ Mike Hatley

	 	 	 Name:
	 	 Mike Hatley

	 	 	 Title:
	 	 Managing Director

  

					
	 ENDURANCE CLO I, LTD.

	 By:
	 	 ING Capital Advisors LLC,
 as Portfolio Manager

			
	 By:
	 	 	 	 /s/ Mike Hatley

	 	 	 Name:
	 	 Mike Hatley

	 	 	 Title:
	 	 Managing Director

	
	 ARCHIMEDES FUNDING IV (CAYMAN), LTD.

	 By:
	 	 ING Capital Advisors LLC,
 as Collateral Manager

			
	 By:
	 	 	 	 /s/ Mike Hatley

	 	 	 Name:
	 	 Mike Hatley

	 	 	 Title:
	 	 Managing Director

	
	 LASALLE BANK NATIONAL ASSOCIATION

			
	 By:
	 	 	 	 /s/ Bradley J. Kronland

	 	 	 Name:
	 	 Bradley J. Kronland

	 	 	 Title:
	 	 Vice President

	
	 INDOSUEZ CAPITAL FUNDING VI

	 By:
	 	 Lyon Capital Management LLC
 as Collateral Manager

			
	 By:
	 	 	 	 /s/ Alexander B. Kenna

	 	 	 Name:
	 	 Alexander B. Kenna

	 	 	 Title:
	 	 Portfolio Manager

	
	 RIVIERA FUNDING LLC

			
	 By:
	 	 	 	 /s/ Meredith J. Koslick

	 	 	 Name:
	 	 Meredith J. Koslick

	 	 	 Title:
	 	 Assistant Vice President

  

					
	 MCG CAPITAL CORPORATION

			
	 By:
	 	 	 	 /s/ Thomas P. McLoughlin

	 	 	 Name:
	 	 Thomas P. McLoughlin

	 	 	 Title:
	 	 Vice President

	
	 NYLIM FLATIRON CLO 2003-1 LTD.

	 By:
	 	 New York Life Investment Management LLC,
 as Collateral Manager and Attorney-in-Fact

			
	 By:
	 	 	 	 /s/ Anthony R. Malloy

	 	 	 Name:
	 	 Anthony R. Malloy

	 	 	 Title:
	 	 Managing Director

	
	 ELF FUNDING TRUST III

	 By:
	 	 New York Life Investment Management LLC,
 as Attorney-in-Fact

			
	 By:
	 	 	 	 /s/ Anthony R. Malloy

	 	 	 Name:
	 	 Anthony R. Malloy

	 	 	 Title:
	 	 Managing Director

	
	 DRYDEN IV LEVERAGED LOAN CDO 2003

	 By:
	 	 Prudential Investment Management, Inc.,
 as Collateral Manager

			
	 By:
	 	 	 	 /s/ George W. Edwards

	 	 	 Name:
	 	 George W. Edwards

	 	 	 Title:
	 	 Principal

	
	 SUN TRUST BANK

			
	 By:
	 	 	 	 /s/ Nora G. Brown

	 	 	 Name:
	 	 Nora G. Brown

	 	 	 Title:
	 	 Vice President

  

					
	 TORONTO DOMINION (NEW YORK), LLC

			
	 By:
	 	 	  	 /s/ Masood Fikree

	 	 	 Name:
	  	 Masood Fikree

	 	 	 Title:
	  	 Authorized Signatory

	
	 VAN KAMPEN CLO II, LIMITED

	 By:
	 	 Van Kampen Investment Advisory Corp.
 as Collateral Manager

			
	 By:
	 	 	  	 /s/ Christina Jamieson

	 	 	 Name:
	  	 Christina Jamieson

	 	 	 Title:
	  	 Executive Director

	
	 VAN KAMPEN SENIOR LOAN FUND

	 By:
	 	 Van Kampen Investment Advisory Corp.

			
	 By:
	 	 	  	 /s/ Christina Jamieson

	 	 	 Name:
	  	 Christina Jamieson

	 	 	 Title:
	  	 Executive Director

	
	 VAN KAMPEN SENIOR INCOME TRUST

	 By:
	 	 Van Kampen Investment Advisory Corp.

			
	 By:
	 	 	  	 /s/ Christina Jamieson

	 	 	 Name:
	  	 Christina Jamieson

	 	 	 Title:
	  	 Executive Director

	
	 LANDMARK III CDO LIMITED

	 By:
	 	 Aladdin Capital Management LLC
 as Manager

			
	 By:
	 	 	  	 /s/ Joe Moroney

	 	 	 Name:
	  	 Joe Moroney

	 	 	 Title:
	  	 Authorized Signatory

  

					
	 LANDMARK II CDO LIMITED

	 By:
	 	 Aladdin Capital Management LLC
 as Manager

			
	 By:
	 	 	  	 /s/ Joe Moroney

	 	 	 Name:
	  	 Joe Moroney

	 	 	 Title:
	  	 Authorized Signatory

  

  
 EXHIBIT B-3 

 
 FORM OF TRANCHE B TERM NOTE 
  

			
	U.S.
$                                       
 	 	New York, New York
	 	 	                        
    ,         

  
 FOR VALUE RECEIVED,
U.S.I. HOLDINGS CORPORATION, a Delaware corporation (the “Borrower”), hereby promises to pay to
                                 or its registered assigns (the
“Lender”), in lawful money of the United States of America in immediately available funds, at the office of JPMORGAN CHASE BANK, N.A. (the “Administrative Agent”) located at 270 Park Avenue, New York, New York 10017, on the Term
Loan Maturity Date (as defined in the Credit Agreement), the principal sum of                      DOLLARS
($                ) or, if less, the unpaid principal amount of all Tranche B Term Loans (as defined in the Credit Agreement) made by the Lender to the Borrower
pursuant to the Credit Agreement, payable at such times and in such amounts as are specified in the Credit Agreement. 
  
 The Borrower promises also to pay to the Lender interest on the unpaid principal amount of each Tranche B Term Loan incurred by the Borrower from the
Lender in like money at said office from the date such Tranche B Term Loan is made until paid at the rates and at the times provided in the Credit Agreement. 
  
 This Tranche B Term Note is one of the Notes referred to in the Credit Agreement, dated as of August 11, 2003, among the Borrower, the lenders from time
to time party thereto (including the Lender), Bank of America, N.A., as Syndication Agent, and the Administrative Agent (as amended, modified or supplemented from time to time, the “Credit Agreement”) and is entitled to the benefits
thereof and of the other Credit Documents (as defined in the Credit Agreement). This Tranche B Term Note is secured by the Security Documents (as defined in the Credit Agreement) and is entitled to the benefits of the Subsidiaries Guaranty (as
defined in the Credit Agreement). As provided in the Credit Agreement, this Tranche B Term Note is subject to voluntary and mandatory prepayment, in whole or in part, and the Tranche B Term Loans may be converted in accordance with Section 1.06 of
the Credit Agreement. 
  
 If an Event of Default (as defined in
the Credit Agreement) shall occur and be continuing, the principal of and accrued interest in this Tranche B Term Note may become or be declared to be due and payable in the manner and with the effect provided in the Credit Agreement. 
  

 Exhibit B-3 
 Page 2 
  

 The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this
Tranche B Term Note. 
  
 THIS TRANCHE B TERM NOTE SHALL BE
CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  

			
	U.S.I. HOLDINGS CORPORATION
		
	By	 	 
	 	 	 Name:

	 	 	 Title:

  

 EXHIBIT K 
  

FORM OF ASSIGNMENT AGREEMENT 
  
 [DATE] 
  
 Reference is made to the Credit Agreement described in Item 2 of Annex I annexed hereto (as such Credit Agreement may hereafter be amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”). Unless defined in Annex I attached hereto, terms defined in the Credit Agreement are used herein as therein defined.
                     (the “Assignor”) and
                     (the “Assignee”) hereby agree as follows: 
  
 1. The Assignor hereby sells and assigns to the Assignee without recourse and without representation or warranty (other than
as expressly provided herein), and the Assignee hereby purchases and assumes from the Assignor, that interest in and to all of the Assignor’s rights and obligations under the Credit Agreement which represents the percentage interest specified
in Item 4 of Annex I (the “Assigned Share”) of all of the Assignor’s outstanding rights and obligations under the Credit Agreement, including, without limitation, (i) with respect to any assignment of all or any portion of the
Assignor’s Revolving Loan Commitment, all rights and obligations with respect to the Assigned Share of the Total Revolving Loan Commitment and of any outstanding Revolving Loans and Letters of Credit, (ii) with respect to any assignment of all
or any portion of the Assignor’s Term Loans, all rights and obligations with respect to the Assigned Share of all outstanding Revolving Loans and (iii) with respect to any assignment of all or any portion of the Assignor’s Tranche B Term
Loans, all rights and obligations with respect to the Assigned Share of all outstanding Revolving Loans. 
  
 2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such
interest is free and clear of any adverse claim; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the other
Credit Documents or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or the other Credit Documents or any other instrument or document furnished pursuant thereto; and (iii) makes no
representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or any of its Subsidiaries or the performance or observance by the Borrower or any of its Subsidiaries, of any of their obligations
under the Credit Agreement or the other Credit Documents or any other instrument or document furnished pursuant thereto. 
  
 3. The Assignee (i) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to therein and
such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the
Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes
each of the Administrative Agent, the Syndication Agent and the Collateral Agent to 

  

 Annex I 
 Page 2 
  

 
take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Credit Documents as are delegated to the
Administrative Agent, the Syndication Agent or the Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of
the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender. 
  
 4. Following the execution of this Assignment Agreement by the Assignor and the Assignee, an executed original hereof (together with all attachments) will
be delivered to the Administrative Agent and the Borrower. The effective date of this Assignment Agreement shall be the first date upon which each of the following conditions shall have been satisfied: (i) the execution hereof by the Assignor and
the Assignee, (ii) to the extent required by the Credit Agreement, the receipt of the consent of the Administrative Agent and/or the Borrower, (iii) the receipt by the Administrative Agent of the assignment fee referred to in Section 12.04(b) of the
Credit Agreement, (iv) the recordation by the Administrative Agent of the assignment effected hereby in the Register [and receipt by the Administrative Agent and the Borrower of the Internal Revenue Service forms (and, if applicable, a Section
4.04(b)(ii) Certificate) described in Section 12.04(b) of the Credit Agreement],1 or such later date as otherwise
specified in Item 5 of Annex I (the “Settlement Date”). 
  
 5. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Settlement Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment Agreement, have the
rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in this Assignment Agreement, relinquish its rights and be released from its obligations under the Credit Agreement. 
  
 6. It is agreed that the Assignee shall be entitled to (w) all interest on
the Assigned Share of the Loans at the rates specified in Item 6 of Annex I, (x) all RL Commitment Fees on the Assigned Share of the Total Revolving Loan Commitment at the rate specified in Item 7 of Annex I and (y) all Letter of Credit Fees on the
Assignee’s participation in all Letters of Credit at the rate specified in Item 8 of Annex I, which, in each case, accrue on and after the Settlement Date, such interest, RL Commitment Fees and Letter of Credit Fees to be paid by the
Administrative Agent directly to the Assignee. It is further agreed that all payments of principal made on the Assigned Share of the Loans which occur on and after the Settlement Date will be paid directly by the Administrative Agent to the
Assignee. Upon the Settlement Date, the Assignee shall pay to the Assignor an amount specified by the Assignor in writing which represents the Assigned Share of the principal amount of the respective Loans made by the Assignor pursuant to the Credit
Agreement which are outstanding on the Settlement Date, net of any closing costs, and which are being assigned hereunder. The Assignor and the Assignee shall make all appropriate adjustments in payments under the Credit Agreement for periods prior
to the Settlement Date directly between themselves on the Settlement Date. 
  

	1	Insert if the Assignee is organized under the laws of a jurisdiction outside the United States. 

  

 Annex I 
 Page 3 
  

 7. THIS ASSIGNMENT AND ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  
 *        *        * 
  

 Annex I 
 Page 4 
  

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written, such execution also being made on Annex I hereto. 
  

									
	 Accepted this          day
	 	 	 	 [NAME OF ASSIGNOR],

	 of                 ,
        
	 	 	 	 as Assignor

					
	 	 	 	 	 	 	By	 	 
	 	 	 	 	 	 	 	 	 Name:

	 	 	 	 	 	 	 	 	Title:
			
	 	 	 	 	[NAME OF ASSIGNEE],
	 	 	 	 	 as Assignee

					
	 	 	 	 	 	 	By	 	 
	 	 	 	 	 	 	 	 	 Name:

	 	 	 	 	 	 	 	 	Title:

  
 [Acknowledged and Agreed: 

 

			
	 JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank) as Administrative Agent

		
	By	 	 
	 	 	 Name:

	 	 	 Title:]2

	
	[USI HOLDINGS CORPORATION]
		
	By	 	 
	 	 	 Name:

	 	 	 Title:]3

  

	2	The consent of the Administrative Agent is required in connection with assignments pursuant to Section 12.04(b) of the Credit Agreement. 

  

	3	Insert only if (i) no Event of Default under the Credit Agreement is then in existence and (ii) the assignment is being made pursuant to 12.04(b)(y) of the Credit
Agreement. 

  

 ANNEX I 
  
 ANNEX FOR ASSIGNMENT AGREEMENT 
  

	1.	Borrower: U.S.I. Holdings Corporation 

  

	2.	Name and Date of Credit Agreement: 

  
 Credit Agreement, dated as of August 11, 2003, among the Borrower, the Lenders from time to time party thereto, Bank of America, N.A., as Syndication
Agent and JPMorgan Chase Bank, N.A. (formerly known as JPMorgan Chase Bank), as Administrative Agent. 
  

	3.	Date of Assignment Agreement: 

  

	4.	Amounts (as of date of item #3 above): 

  

													
	 	  	Outstanding
Principal of
Term Loans

	 	 	Outstanding Principal of
Tranche B Term Loans

	 	 	Revolving Loan
Commitment

	 
	 Aggregate Amount for all Lenders
	  	$	__________	 	 	$	__________	 	 	$	_________	 
				
	 Assigned Share
	  	 	__________	%	 	 	__________	%	 	 	_________	%
				
	 Amount of Assigned Share
	  	$	__________	 	 	$	__________	 	 	$	_________	 

  

	5.	Settlement Date: 

  

			
	 6.      Rate of Interest to the Assignee:
	 	As set forth in Section 1.08 of the Agreement (unless otherwise agreed to by the Assignor and the Assignee)1

  

	1	The Borrowers and the Administrative Agent shall direct the entire amount of the interest to the Assignee at the rate set forth in Section 1.08 of the Credit
Agreement, with the Assignor 

  
 (continued...)

  

 40 

 Annex I 
 Page 2 
  

			
	 7.      RL Commitment Fees to the Assignee:
	 	As set forth in Section 3.01(a) of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee)]
		
	 8.      Letter of Credit Fee:
	 	As set forth in Section 3.01(b) of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee)2

  

	10.	Notice: 

  

							
	 	 	 ASSIGNOR:

	  	 ASSIGNEE:

	  	 
	 	 	 __________________
	  	 __________________
	  	 
				
	 	 	 __________________
	  	 __________________
	  	 
				
	 	 	 __________________
	  	 __________________
	  	 
				
	 	 	Attention:	  	Attention:	  	 
				
	 	 	Telephone:	  	Telephone:	  	 
				
	 	 	Telecopier:	  	Telecopier:	  	 
				
	 	 	Reference:	  	Reference:	  	 

	(...continued)	

  

	 	and Assignee effecting any agreed upon sharing of interest through payments by the Assignee to the Assignor. 

  

	2	Insert “Not Applicable” in lieu of text if no portion of the Total Revolving Loan Commitment is assigned. Otherwise, the Borrowers and the Administrative
Agent shall direct the entire amount of the Letter of Credit Fee to the Assignee at the rate set forth in Section 3.01(b) of the Credit Agreement, with the Assignor and Assignee effecting any agreed upon sharing of Letter of Credit Fees through
payment by the Assignee to the Assignor. 

  

 Annex I 
 Page 3 
  

 Payment Instructions: 
  

							
	 	 	 ASSIGNOR:

	  	 ASSIGNEE:

	  	 
	 	 	 __________________
	  	 __________________
	  	 
	 	 	 __________________
	  	 __________________
	  	 
	 	 	 __________________
	  	 __________________
	  	 
	 	 	Attention:	  	Attention:	  	 
	 	 	Reference:	  	Reference:	  	 

  

 Annex I 
 Page 4 
  

 Accepted and Agreed: 
  

									
	 [NAME OF ASSIGNEE]
	 	 	 	 [NAME OF ASSIGNOR]

					
	 By
	 	 	 	 	 	By	 	 
					
	 	 	 	 	 	 	 	 	 
	 	 	 (Print Name and Title)
	 	 	 	 	 	 (Print Name and Title)

  

  
 EXHIBIT M 

 
 FORM OF TRANCHE B TERM LOAN COMMITMENT LETTER 
  
 [TRANCHE B TERM LOAN LENDER LETTERHEAD] 
  
             
    , 2005 
  
 JPMORGAN CHASE BANK, N.A., as
Administrative Agent 
 1111 Fannin, 10th Floor 
 Houston, Texas 77002 
 Attn: Alma
Gonzalez 
 Fax: (713) 750-2223 
  
 Re: Senior Secured Facilities – U.S.I. Holdings Corporation (the “Company”) 
  
 We refer to the Credit Agreement, dated as of August 11, 2003 (as amended,
modified or supplemented from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), among the Company, the Lenders from time to time party thereto, Bank of America, N.A., as Syndication
Agent, and you, as Administrative Agent for such Lenders. Unless otherwise defined herein, capitalized terms used herein and defined in the Credit Agreement are used herein as therein defined. 
  
 We are pleased to commit
$[        ] million to Tranche B Term Loan Facility. 
  
 We represent that (x) we have received a copy of the Credit Agreement, together with copies of the financial statements referred to therein and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment Agreement and our decision to issue our commitment is based on our independent investigation of the financial
condition, creditworthiness, affairs and the status of Company without reliance upon any material or information furnished to us by the Administrative Agent or any of its affiliates, which material or information is hereby acknowledged by us to have
been for informational purposes only without any representation or warranty by Administrative Agent or its affiliates and (y) our commitment hereunder represents a commitment from our institution and does not in any way include a commitment or other
arrangement from any other non-affiliated institution. 
  
 We
agree that (x) we will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement, (y) we hereby appoint and authorize each of the Administrative Agent, the Syndication Agent and the Collateral Agent to take such action as agent on its behalf and to exercise such powers under the
Credit Agreement and the other Credit Documents as are delegated to the Administrative Agent, the Syndication Agent or the Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably 

  

 Exhibit M 
 Page 2 
  

 
incidental thereto and (z) we will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to
be performed by us as a Lender. 
  
 Upon the delivery of a fully
executed original hereof to the Administrative Agent, we shall be a party to the Credit Agreement and shall have the rights and obligations of a Lender thereunder. 
  
 Our commitment hereunder will terminate on March 31, 2005 if the Summit Global Acquisition Effective Date has not occurred
by such date or as otherwise provided pursuant to the terms of the Credit Agreement. 
  
 This letter shall be governed by, and construed in accordance with, the law of the State of New York. This letter may be executed in any number of counterparts, each of which, when so executed, shall be deemed to be
an original and all of which, taken together, shall constitute one and the same letter. Delivery of an executed counterpart of a signature page to this letter by telecopier shall be as effective as delivery of an original executed counterpart of
this letter. This letter may not be amended or waived except by an instrument in writing signed by each of the parties hereto. 
  
 Each of the parties hereto hereby waives any right to trial by jury with respect to any claim, action, suit or proceeding arising out of or contemplated
by this letter. You hereby submit to the non-exclusive jurisdiction of the Federal and New York State courts located in the county of New York in connection with any dispute related to this letter or any matters contemplated hereby. 
  

					
	 Sincerely,

	
	 [TRANCHE B TERM LOAN LENDER]

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

  

					
	 ACCEPTED AND AGREED:

	
	 JPMORGAN CHASE BANK, N.A.
(formerly known as JPMorgan Chase Bank),
as Administrative Agent

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

  

 Exhibit M 
 Page 3 
  

					
	 U.S.I. HOLDINGS CORPORATION

		
	By:	 	 
	 Name:
	 	 
	 Title:

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