0000950136-04-003122 Sample Contracts

FOURTH AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • September 28th, 2004 • Aspen Insurance Holdings LTD • Fire, marine & casualty insurance • New York

FOURTH AMENDMENT, dated as of August 9, 2004 (this "Amendment"), to the 3-Year Credit Agreement, dated as of August 26, 2003 (as amended, modified or supplemented from time to time, the "Credit Agreement"), among ASPEN INSURANCE HOLDINGS LIMITED (the "Company"), the Subsidiary Borrowers from time to time parties thereto, the Several Lenders from time to time parties thereto (the "Lenders"), CREDIT LYONNAIS NEW YORK BRANCH, as documentation agent (in such capacity, the "Documentation Agent"), and BARCLAYS BANK PLC, as administrative agent (in such capacity, the "Administrative Agent") and collateral agent (in such capacity, the "Collateral Agent").

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FIFTH AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • September 28th, 2004 • Aspen Insurance Holdings LTD • Fire, marine & casualty insurance • New York

FIFTH AMENDMENT, dated as of August 25, 2004 (this "Amendment"), to the 364-Day Credit Agreement, dated as of August 26, 2003 (as amended, modified or supplemented from time to time, the "Credit Agreement"), among ASPEN INSURANCE HOLDINGS LIMITED (the "Company"), the Subsidiary Borrowers from time to time parties thereto, the Several Lenders from time to time parties thereto (the "Lenders"), CREDIT LYONNAIS NEW YORK BRANCH, as documentation agent (in such capacity, the "Documentation Agent"), and BARCLAYS BANK PLC, as administrative agent (in such capacity, the "Administrative Agent") and collateral agent (in such capacity, the "Collateral Agent").

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