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FOURTH AMENDMENT TO
TERM CREDIT AGREEMENT AND GUARANTY
THIS AMENDMENT dated as of November 17, 1997 is entered into by and
among ALLIED Group, Inc. ("Company"), State Street Bank and Trust Company, not
in its individual capacity but as trustee for The ALLIED Group Employee Stock
Ownership Trust ("ESOP Trustee"), Bank of Montreal, Chicago Branch ("BOM"), and
Norwest Bank Iowa, National Association ("Norwest") to amend the Term Credit
Agreement and Guaranty dated March 13, 1995, as amended October 12, 1995, March
5, 1996, and September 26, 1997 ("Agreement").
1. This Amendment shall be effective as of November 1, 1997.
2. Subsection (ii) of Section 6.1.25 of the Agreement is amended to
read as follows:
(ii) the sum of the Company's consolidated real estate, mortgages and
non-affiliated equity securities not to exceed 10% of the Company's
consolidated Total Assets.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers as of the day and year first above
written.
ALLIED Group, Inc. The ALLIED Group Employee Stock
Ownership Trust
By: /s/ Xxxxxxx X. Xxxxxxxx By State Street Bank and Trust Company,
------------------------------ not individually, but solely in its
Xxxxxxx X. Xxxxxxxx capacity as ESOP Trustee
------------------------------
Title: President
By: /s/ Xxxxx Xxxxxxxx
------------------------------------
Bank of Montreal, Chicago Branch Xxxxx Xxxxxxxx
Title: Vice President
By: /s/ K. Xxxxxx Xxxxxxx ---------------------------------
------------------------------
K. Xxxxxx Xxxxxxx
Title: Managing Director
---------------------------
Norwest Bank Iowa, National
Association
By: /s/ Xxxx X. Xxxxxx
-------------------------------
Xxxx X. Xxxxxx
Title: Assistant Vice President
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