<SEC-DOCUMENT>0001140361-21-017268.txt : 20210513
<SEC-HEADER>0001140361-21-017268.hdr.sgml : 20210513
<ACCEPTANCE-DATETIME>20210513171721
ACCESSION NUMBER:		0001140361-21-017268
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210512
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210513
DATE AS OF CHANGE:		20210513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATLANTIC AMERICAN CORP
		CENTRAL INDEX KEY:			0000008177
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				581027114
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-03722
		FILM NUMBER:		21920771

	BUSINESS ADDRESS:	
		STREET 1:		4370 PEACHTREE RD NE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30319
		BUSINESS PHONE:		4042665500

	MAIL ADDRESS:	
		STREET 1:		4370 PEACHTREE ROAD
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30319
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>brhc10024566_8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zb4028be8b817444f8681096338e80bfe" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Date of report (Date of earliest event reported)</div>
          </td>
          <td style="width: 50%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">May 13, 2021 (May 12, 2021)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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        <tr>
          <td style="width: 100%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-size: 24pt;">
            <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z763a05c07977489182eaf0543f0f7124" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33.33%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Georgia</div>
          </td>
          <td style="width: 34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">0-3722</div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">58-1027114</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
          </td>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center;">(IRS Employer Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zb80fccdb9f9e4cb8b26398b8df1f954f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>4370 Peachtree Road, N.E., Atlanta, Georgia</div>
          </td>
          <td style="width: 2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">30319</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top;">
            <div>&#160;&#160;&#160;&#160;(Address of principal executive offices)</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z368490147ba84b5a9dbef89f988ac38a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Registrant&#8217;s telephone number, including area code</div>
          </td>
          <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">(404) 266-5500</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z2021441fbd2c4b30aca0d5d4565bf5f3" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">N/A</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Former name or former address, if changed since last report)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="z7494e800b0274dabbe96e21056a755fe" class="DSPFListTable">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="ze8f51d42c168489084c5b934e981c860" class="DSPFListTable">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="z30ed5d7999704b4fb239eb18af1257ae" class="DSPFListTable">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="z6230acc4b3de44b7970686c28fbe389e" class="DSPFListTable">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zd1ae606d4e82497fa5183d039ee60b5b" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 37.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">Title of each class</div>
          </td>
          <td style="width: 1.9%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">Trading</div>
            <div style="text-align: center; font-weight: bold;">Symbol(s)</div>
          </td>
          <td style="width: 2.4%; vertical-align: bottom;">&#160;</td>
          <td style="width: 43.6%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 37.09%; vertical-align: top;">
            <div style="text-align: center;">Common Stock, par value $1.00 per share</div>
          </td>
          <td style="width: 1.9%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">
            <div style="text-align: center;">AAME</div>
          </td>
          <td style="width: 2.4%; vertical-align: bottom;">&#160;</td>
          <td style="width: 43.6%; vertical-align: bottom;">
            <div style="text-align: center;">NASDAQ Global Market</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Emerging growth company &#9744;</div>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
      Act. &#9744;</div>
    <div> <br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
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        <tr>
          <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 1.01</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Entry into a Material Definitive Agreement.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">On May 12, 2021, Atlantic American Corporation (the &#8220;Company&#8221;) entered into a Revolving Credit Agreement (the &#8220;Credit Agreement&#8221;) with Truist Bank as the lender (the &#8220;Lender&#8221;). The Credit Agreement provides for an
      unsecured $10 million revolving credit facility that matures on April 12, 2024. Under the Credit Agreement, the Company will pay interest on the unpaid principal balance of outstanding revolving loans at the LIBOR Rate (as defined in the Credit
      Agreement) plus 2.00%, subject to a LIBOR floor rate of 1.00%.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Credit Agreement requires the Company to comply with certain covenants, including a debt to capital ratio that restricts the Company from incurring consolidated indebtedness that exceeds 35% of the Company&#8217;s
      consolidated capitalization at any time. The Credit Agreement also contains customary representations and warranties and events of default. Events of default include, among others, (a) the failure by the Company to pay any amounts owed under the
      Credit Agreement when due, (b) the failure to perform and not timely remedy certain covenants, (c) a change in control of the Company and (d) the occurrence of bankruptcy or insolvency events. Upon an event of default, the Lender may, among other
      things, declare all obligations under the Credit Agreement immediately due and payable and terminate the revolving commitments.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The foregoing summary of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which is filed as Exhibit 10.1 hereto and
      is incorporated herein by reference.</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 2.03</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">The information set forth in Item 1.01 above is hereby incorporated by reference into this Item 2.03.</div>
    <div style="text-align: justify;"><br>
    </div>
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        <tr>
          <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 9.01</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Financial Statements and Exhibits.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">(d) Exhibits</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: center;"><u>Description of Exhibit</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;"><a href="brhc10024566_ex10-1.htm">10.1</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">Revolving Credit Agreement, dated as of May 12, 2021, by and between Atlantic American Corporation and Truist Bank.</div>
          </td>
        </tr>

    </table>
    <div><br>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="2">
            <div>ATLANTIC AMERICAN CORPORATION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify;">By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ J. Ross Franklin</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>J. Ross Franklin</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Vice President, Chief Financial Officer and Secretary</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">Date:&#160; May 13, 2021</div>
    <div><br>
    </div>
  </div>
  <div><br>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>brhc10024566_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
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  <div>
    <div style="text-align: right; font-weight: bold;">Exhibit 10.1</div>
    <div>&#160;</div>
  </div>
  <div>
    <div style="text-align: center; font-weight: bold;">REVOLVING CREDIT AGREEMENT<br>
      <br>
      By and Between</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ATLANTIC AMERICAN CORPORATION,</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">As the Borrower,</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">And</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">TRUIST BANK,</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">As the Lender</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">Dated as of May 12, 2021</div>
    <div>&#160;</div>
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      <div>
        <div style="text-align: center; font-weight: bold;"><u>TABLE OF CONTENTS</u></div>
        <div style="text-align: center; font-weight: bold;"><u> <br>
          </u></div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z2d46c34c1e7f4bf18f671d10554c2f50" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; border-collapse: collapse;">

          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="font-weight: bold;">ARTICLE I DEFINITIONS; CONSTRUCTION</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; text-align: right;">1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 1.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Definitions</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 1.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Accounting Terms and Determination</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 1.3.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Terms Generally</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">11</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="font-weight: bold;">ARTICLE II AMOUNT AND TERMS OF THE COMMITMENTS</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="font-weight: bold; text-align: right;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 2.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Revolving Loans</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 2.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Procedure for Revolving Borrowings</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 2.3.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">[Reserved]</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 2.4.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Funding of Borrowings</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 2.5.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Optional Reduction and Termination of Commitments</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 2.6.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Evidence of Indebtedness</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 2.7.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Repayment of Loans</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 2.8.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Mandatory Prepayments of Loans</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 2.9.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Interest on Loans</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 2.10.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Fees</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 2.11.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Additional Costs</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 2.12.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Inability to Determine Index</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 2.13.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Default Rate</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">14</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="font-weight: bold;">ARTICLE III Benchmark replacement</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; text-align: right;">14</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 3.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Benchmark Replacement</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">14</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 3.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Benchmark Replacement Conforming Changes</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">14</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 3.3.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Notices; Standards for Decisions and Determinations</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">14</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 3.4.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Unavailability of Tenor of Benchmark</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">15</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 3.5.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Benchmark Unavailability Period</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">15</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 3.6.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Benchmark Replacement</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">15</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="font-weight: bold;">ARTICLE IV CONDITIONS PRECEDENT TO Revolving LOANS</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; text-align: right;">20<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 4.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Conditions of Initial Credit Event</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">20<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 4.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Conditions to Each Credit Event</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">21</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="font-weight: bold;">ARTICLE V REPRESENTATIONS AND WARRANTIES</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; text-align: right;">21</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Existence; Power</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">21</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Organizational Power; Authorization</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">21</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.3.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">No Conflicts</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.4.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Financial Statements; No Material Adverse Effect</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.5.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Litigation and Environmental Matters</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.6.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Compliance with Laws and Agreements</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.7.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Governmental Approvals</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.8.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Investment Company Act</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.9.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Taxes</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.10.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Margin Regulations</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.11.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Ownership of Property; Insurance</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.12.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Disclosure</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.13.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Labor Relations</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.14.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Subsidiaries</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.15.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Solvency</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">24</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 5.16.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Senior Indebtedness under Subordinated Debenture Indentures</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 5.17.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Anti-Corruption Laws and Sanctions</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">24</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="font-weight: bold;">ARTICLE VI AFFIRMATIVE COVENANTS</div>
            </td>
            <td style="width: 10%; vertical-align: top; font-weight: bold; text-align: right;">25</td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 6.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Financial Statements and Other Information</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">25</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 6.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Notices of Material Events</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">25</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 6.3.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Existence; Conduct of Business</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 6.4.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Compliance with Laws</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 6.5.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Payment of Obligations</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 6.6.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Books and Records</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 6.7.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Visitation and Inspection</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 6.8.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="margin-right: 72pt;"><font style="font-weight: bold;">Maintenance of Properties;</font>&#160;<font style="font-weight: bold;">Insurance</font></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 6.9.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Use of Proceeds; Margin Regulations</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 6.10.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Casualty and Condemnation</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 6.11.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Governmental Approvals</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 6.12.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Primary Deposit Accounts</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">28</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="font-weight: bold;">ARTICLE VII FINANCIAL COVENANTS</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="font-weight: bold; text-align: right;">28</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 7.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Debt to Capital Ratio</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">28</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="font-weight: bold;">ARTICLE VIII NEGATIVE COVENANTS</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; text-align: right;">28</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 8.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Indebtedness and Guarantees</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">28</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 8.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Liens</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">28</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 8.3.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Fundamental Changes</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">28</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 8.4.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Investments, Loans</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 8.5.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Restricted Payments</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 8.6.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Transactions with Affiliates</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 8.7.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Restrictive Agreements</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 8.8.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Amendment to Material Documents</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 8.9.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Accounting Changes</div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">30</td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 8.10.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Government Regulation</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); text-align: right;">30</td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 8.11.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Sale of Assets</div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">30</td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 8.12.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Required Insurance Rating</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); text-align: right;">30</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="font-weight: bold;">ARTICLE IX EVENTS OF DEFAULT</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; text-align: right;">31<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 9.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Events of Default</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">31<br>
              </div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255); text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" rowspan="1" style="width: 7%; vertical-align: top;">
              <div style="font-weight: bold;">ARTICLE X MISCELLANEOUS</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="font-weight: bold; text-align: right;">32</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 10.1.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Notices</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">32</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 10.2.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Waiver; Amendments</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">33</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 10.3.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Expenses; Indemnification</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">34</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 10.4.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Successors and Assigns</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">35</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 10.5.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Governing Law; Jurisdiction; Consent to Service of Process</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">35</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 10.6.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">WAIVER OF JURY TRIAL</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">36</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 10.7.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Right of Set-off</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">36</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 10.8.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Counterparts; Integration</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">36</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 10.9.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Survival</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">36</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div style="font-weight: bold;">Section 10.10.</div>
            </td>
            <td style="width: 70%; vertical-align: top;">
              <div style="font-weight: bold; margin-right: 72pt;">Severability</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right;">37</div>
            </td>
          </tr>
          <tr>
            <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 13%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;">Section 10.11.</div>
            </td>
            <td style="width: 70%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold; margin-right: 72pt;">Patriot Act</div>
            </td>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">37</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">ii</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z5696393151ac44909c095008c883b47a">

          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div><u>Exhibits</u></div>
            </td>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">&#160;</td>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div>Exhibit A</div>
            </td>
            <td style="width: 7%; vertical-align: top;">
              <div>-</div>
            </td>
            <td style="width: 73%; vertical-align: top;">
              <div>Form of Compliance Certificate</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div>Exhibit B</div>
            </td>
            <td style="width: 7%; vertical-align: top;">
              <div>-</div>
            </td>
            <td style="width: 73%; vertical-align: top;">
              <div>Form of Notice of Borrowing</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">&#160;</td>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div><u>Schedules</u></div>
            </td>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">&#160;</td>
            <td style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div>Schedule 5.14</div>
            </td>
            <td style="width: 7%; vertical-align: top;">
              <div>-</div>
            </td>
            <td style="width: 73%; vertical-align: top;">
              <div>Subsidiaries</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div>Schedule 8.1</div>
            </td>
            <td style="width: 7%; vertical-align: top;">
              <div>-</div>
            </td>
            <td style="width: 73%; vertical-align: top;">
              <div>Indebtedness</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 7%; vertical-align: top;">&#160;</td>
            <td style="width: 13%; vertical-align: top;">
              <div>Schedule 8.2</div>
            </td>
            <td style="width: 7%; vertical-align: top;">
              <div>-</div>
            </td>
            <td style="width: 73%; vertical-align: top;">
              <div>Liens</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">iii</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <div>
      <div>
        <div style="text-align: center; font-weight: bold;"><u>REVOLVING CREDIT AGREEMENT</u></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">THIS REVOLVING CREDIT AGREEMENT </font>(this &#8220;<u>Agreement</u>&#8221;)<font style="font-weight: bold;">&#160;</font>is made and entered into as of May 12, 2021 (the &#8220;<u>Closing
            Date</u>&#8221;), by and between <a name="z_Hlk58072550"></a><font style="font-weight: bold;">ATLANTIC AMERICAN CORPORATION</font>, a Georgia corporation (the &#8220;<u>Borrower</u>&#8221;), and <font style="font-weight: bold;">TRUIST</font>&#160;<font style="font-weight: bold;">BANK</font> (the &#8220;<u>Lender</u>&#8221;).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">The Borrower has requested that the Lender establish a Ten Million and No/100 Dollars ($10,000,000)<font style="font-weight: bold;">&#160;</font>revolving credit facility in favor of the Borrower and,
          subject to the terms and conditions of this Agreement, the Lender is willing to establish the requested revolving credit facility in favor of the Borrower;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">NOW, THEREFORE</font>, in consideration of the premises and the mutual covenants herein contained, the Borrower and the Lender agree as follows:</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">ARTICLE I<br>
          <br>
          <a name="z_Toc67574551"></a><u>DEFINITIONS; CONSTRUCTION</u></div>
        <div>&#160;</div>
        <div style="text-indent: 36pt;"><font style="font-weight: bold;">Section 1.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574552"></a><font style="font-weight: bold;"><u>Definitions</u></font>.&#160; In addition to the other terms defined herein, the following
          terms used herein shall have the meanings herein specified (to be equally applicable to both the singular and plural forms of the terms defined):</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Acquisition</u>&#8221; shall mean, whether, in a single transaction or a series of related transactions and whether by purchase, lease (including any lease that contains upfront payments and/or
          buyout options), exchange, issuance of stock or other equity or debt securities, merger, reorganization or any other method, (a) any acquisition by the Borrower or any Subsidiary of the Borrower of a majority of the Capital Stock of any other
          Person which have the ordinary voting power for the election of the board of directors (or equivalent governing body) of such other Person, (b) any acquisition by the Borrower or any Subsidiary of the Borrower of all or substantially all of the
          assets of any other Person or (c) any other acquisition by the Borrower or any Subsidiary of the Borrower of the assets constituting a business, division, line of business from another Person which acquisition is not in the ordinary course of
          business for the Borrower or such Subsidiary.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Affiliate</u>&#8221; shall mean, as to any Person, any other Person that directly, or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common Control with,
          such Person. <font style="color: rgb(0, 0, 0);"> For the purposes of this definition, &#8220;</font>Control<font style="color: rgb(0, 0, 0);">&#8221; shall mean the power, directly or indirectly, either </font>to (i) <font style="color: rgb(0, 0, 0);">vote
            10% or more of the securities having ordinary voting power for the election of directors (or persons performing similar functions) of a </font>Person <font style="color: rgb(0, 0, 0);">or </font>(ii) <font style="color: rgb(0, 0, 0);">direct
            or cause the direction of the management and policies of a </font>Person<font style="color: rgb(0, 0, 0);">, whether through the ability </font>to <font style="color: rgb(0, 0, 0);">exercise voting power, by control or otherwise.&#160; The terms
            &#8220;Controlled by&#8221; and &#8220;under common </font>Control <font style="color: rgb(0, 0, 0);">with&#8221; have the meanings correlative thereto.</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>American Southern</u>&#8221; shall mean American Southern Insurance Company, an insurance company organized under the laws of the State of Kansas.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Anti-Corruption Laws</u>&#8221; shall mean all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or
          corruption.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Approved Fund</u>&#8221; shall mean any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar
          extensions of credit in the ordinary course of its business and that is administered or managed by (a) the Lender, (b) an Affiliate of the Lender or (c) an entity or an Affiliate of an entity that administers or manages the Lender.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Availability Period</u><font style="font-style: italic;">&#8221;</font> shall mean the period from the Closing Date to but excluding the Revolving Commitment Termination Date.</div>
        <div>&#160;</div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%%%-->
      <div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Bank Product Obligations</u>&#8221; shall mean, collectively, all obligations and other liabilities of the Borrower arising with respect to any Bank Products.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Bank Products</u>&#8221; shall mean any of the following services provided to the Borrower or any of its Subsidiaries by Lender or its Affiliates: (a) any treasury or other cash management
          services, including deposit accounts, automated clearing house (ACH) origination and other funds transfer, depository (including cash vault and check deposit), zero balance accounts and sweeps, return items processing, controlled disbursement
          accounts, positive pay, lockboxes and lockbox accounts, account reconciliation and information reporting, payables outsourcing, payroll processing, trade finance services, investment accounts and securities accounts, and (b) card services,
          including credit cards (including purchasing cards and commercial cards), prepaid cards, including payroll, stored value and gift cards, merchant services processing, and debit card services.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Bankers Fidelity Life</u>&#8221; shall mean Bankers Fidelity Life Insurance Company, an insurance company organized under the laws of the State of Georgia.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Beneficial Ownership Certification</u>&#8221; shall mean a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Beneficial Ownership Regulation</u>&#8221; shall mean 31 C.F.R. &#167; 1010.230.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;"><a name="OLE_LINK15"></a><a name="OLE_LINK16"></a>&#8220;<u>Business Day</u>&#8221; shall mean (a) any day other than a Saturday, Sunday or other day on which commercial banks in Atlanta, Georgia are
          authorized or required by law to close, and (b) solely with respect to Interest Periods applicable to the LIBOR Rate or any Benchmark Replacement (as defined below), a day on which the Bank is open for business and on which dealings in U.S.
          dollar deposits are carried on in the London Inter-Bank Market.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Capital Stock</u>&#8221; shall mean all shares, options, warrants, general or limited partnership interests, membership interests or other equivalents (regardless of how designated) of or in a
          corporation, partnership, limited liability company or equivalent entity whether voting or nonvoting, including common stock, preferred stock or any other equity security.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Change in Control</u>&#8221; means the occurrence of one or more of the following events: (i) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or
          &#8220;group&#8221; (within the meaning of the Exchange Act and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof) other than any Permitted Holder of more than 50% of the outstanding shares of the voting equity
          interests of the Borrower, or (ii) during any period of 24 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals who are Continuing
          Directors, or (iii) the Borrower shall fail to own, directly or indirectly, beneficially and of record, all of the Capital Stock of both American Southern and&#160; Bankers Fidelity Life.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Code</u>&#8221; shall mean the Internal Revenue Code of 1986, as amended and in effect from time to time.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Commodity Exchange Act</u>&#8221; shall mean the Commodity Exchange Act (7 U.S.C. &#167;1 <font style="font-style: italic;">et seq</font>.) (as amended and, together with any successor statute).</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Compliance Certificate</u>&#8221; shall mean a certificate from the principal executive officer or the principal financial officer of the Borrower substantially in the form of <u>Exhibit A</u>
          hereunder.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Consolidated Capitalization</u>&#8221; shall mean the sum of, without duplication, (a) Consolidated Indebtedness and (b) the consolidated stockholders&#8217; equity (determined in accordance with GAAP)
          of the common and preferred stockholders of the Borrower recorded on the Borrower&#8217;s consolidated financial statements.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Consolidated Indebtedness</u>&#8221; shall mean, as of any date of determination, consolidated Indebtedness for the Borrower and its Subsidiaries.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Continuing Directors</u>&#8221; shall mean the members of the Borrower&#8217;s board of directors on the Closing Date and each other director nominated for election or elected to such board of directors
          with the approval of a majority of the Continuing Directors who were members of such board at the time of such nomination or election.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Credit Event</u>&#8221; shall mean the making of a Revolving Loan.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Debt to Capital Ratio</u>&#8221; shall mean the ratio of Consolidated Indebtedness to Consolidated Capitalization.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Default</u>&#8221; shall mean any condition or event that, with the giving of notice or the lapse of time or both, would constitute an Event of Default.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Dollar(s)</u>&#8221; and the sign &#8220;<u>$</u>&#8221; shall mean lawful money of the United States.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Environmental Laws</u>&#8221; shall mean all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
          by or with any Governmental Authority relating in any way to the environment, preservation or reclamation of natural resources, the management, Release or threatened Release of any Hazardous Material or to health and safety matters.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Environmental Liability</u>&#8221; shall mean any liability, contingent or otherwise (including any liability for damages, costs of environmental investigation and remediation, costs of
          administrative oversight, fines, natural resource damages, penalties or indemnities), of the Borrower or any of its Subsidiaries directly or indirectly resulting from or based upon (i) any actual or alleged violation of any Environmental Law,
          (ii) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (iii) any actual or alleged exposure to any Hazardous Materials, (iv) the Release or threatened Release of any Hazardous Materials or
          (v) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>ERISA</u>&#8221; shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor statute and the regulations promulgated and rulings issued
          thereunder.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Event of Default</u>&#8221; shall have the meaning set forth in <u>Section 9.1</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#160;&#8220;<u>Fiscal Quarter</u>&#8221; shall mean any fiscal quarter of the Borrower.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Fiscal Year</u><font style="color: rgb(0, 0, 0);">&#8221; shall mean any fiscal year of the </font>Borrower<font style="color: rgb(0, 0, 0);">.</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>GAAP</u>&#8221; shall mean generally accepted accounting principles in the United States applied on a consistent basis and subject to the terms of <u>Section 1.3</u>.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Governmental Approval</u>&#8221; means any consent, authorization, approval, order, license, franchise, permit, certificate, accreditation, registration, or filing of notice, in each case of,
          issued by, from or to, or other act by or in respect of, any Governmental Authority.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Governmental Authority</u>&#8221; means the government of the United States, any other nation or any political subdivision thereof, whether state or local, and any agency, authority,
          instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such
          as the European Union or the European Central Bank).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Guarantee</u>&#8221; of or by any Person (the &#8220;guarantor&#8221;) shall mean any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any
          Indebtedness or other obligation of any other Person (the &#8220;primary obligor&#8221;) in any manner, whether directly or indirectly and including any obligation, direct or indirect, of the guarantor (i) to purchase or pay (or advance or supply funds for
          the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (ii) to purchase or lease property, securities or services for the purpose
          of assuring the owner of such Indebtedness or other obligation of the payment thereof, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary
          obligor to pay such Indebtedness or other obligation or (iv) as an account party in respect of any letter of credit or letter of guaranty issued in support of such Indebtedness or obligation; provided that the term &#8220;Guarantee&#8221; shall not include
          endorsements for collection or deposit in the ordinary course of business.&#160; The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is
          made or, if not so stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith.&#160; The term &#8220;Guarantee&#8221; used as a verb
          has a corresponding meaning.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Hazardous Materials</u>&#8221; means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
          distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Indebtedness</u>&#8221; of any Person means, without duplication, (a) all obligations of such Person for borrowed money or similar obligation, (b) all obligations of such Person evidenced by bonds,
          debentures, notes or similar instruments, (c)&#160; all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred
          purchase price of property or services (excluding trade accounts payable incurred in the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or
          otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all capital lease obligations
          of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, and (i) all obligations, contingent or otherwise, of such Person in respect of bankers&#8217;
          acceptances.&#160; The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person&#8217;s
          ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.&#160; The amount of any Indebtedness of a Person for which recourse is limited to an
          identified asset or assets of such Person shall be equal to the lesser of (x) the amount of such Indebtedness and (y) the fair market value of such asset or assets. For purposes of this definition, the amount of any Indebtedness represented by a
          Guaranty shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation, or portion thereof, in respect of which such Guaranty is made (or, if less, the maximum amount of such primary obligation for which
          such person may be liable, whether singly or jointly, pursuant to the terms of the instrument, agreements or other documents evidencing such Guaranty) or, if not stated or determinable, the maximum reasonably anticipated liability in respect
          thereof (assuming such person is required to perform thereunder) as determined by such person in good faith.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Interest Payment Date</u>&#8221; shall mean the last day of each Interest Period applicable to each Revolving Loan and the Revolving Commitment Termination Date.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Interest Period</u>&#8221; shall mean a period of one (1) month, commencing on an Interest Rate Determination Date, provided that (i) the initial Interest Period may be less than one month,
          depending on the initial funding date and (ii) no Interest Period shall extend beyond the Revolving Commitment Termination Date.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Interest Rate Determination Date</u>&#8221; shall mean the date the initial Revolving Loan is funded and the first Business Day of each calendar month thereafter.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Investments</u>&#8221; shall have the meaning set forth in <u>Section 8.4</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>IRS</u>&#8221; shall mean the United States Internal Revenue Service.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>LIBOR Rate</u>&#8221; shall mean the greater of (a) 1.00% per annum, and (ii) that rate per annum effective on any Interest Rate Determination Date which is equal to the quotient of:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i) the rate per annum equal to the offered USD LIBOR rate for deposits in U.S. dollars for a one (1) month period, which rate appears on that page of Reuters reporting
          service, or such similar service as determined by the Lender, as of the Reference Time (as defined below); provided, that if no such offered rate appears on such page, the rate used for such Interest Period will be the per annum rate of interest
          determined by the Lender to be the rate at which U.S. dollar deposits for the Interest Period, are offered to the Lender in the London Inter-Bank Market as of the Reference Time, divided by</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii) a percentage equal to 1.00 minus the maximum reserve percentages (including any emergency, supplemental, special or other marginal reserves) expressed as a decimal
          (rounded upward to the next 1/100th of 1%) in effect on any day to which the Lender is subject with respect to any USD LIBOR loan pursuant to regulations issued by the Board of Governors of the Federal Reserve System with respect to eurocurrency
          funding (currently referred to as &#8220;eurocurrency liabilities&#8221; under Regulation D).&#160; This percentage will be adjusted automatically on and as of the effective date of any change in any reserve percentage.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Lien</u>&#8221; shall mean any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance, hypothecation, assignment, deposit arrangement, or other arrangement having
          the practical effect of any of the foregoing or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital
          lease having the same economic effect as any of the foregoing).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Loan Documents</u>&#8221; shall mean, collectively, this Agreement, the Revolving Loan Note, all Notices of Revolving Borrowing, all Compliance Certificates,<font style="font-weight: bold;">&#160;</font>any
          other promissory notes issued hereunder or evidencing any of the Obligations, and any and all other instruments, agreements, documents and writings executed by the Borrower in connection with any of the Obligations or any of the foregoing.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#160;&#8220;<u>Material Adverse Effect</u>&#8221; shall mean, with respect to any event, act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or
          governmental investigation or proceeding), whether singularly or in conjunction with any other event or events, act or acts, condition or conditions, occurrence or occurrences whether or not related, resulting in a material adverse change in, or
          a material adverse effect on, (i)&#160;the business, results of operations, financial condition, assets, or liabilities of the Borrower, or the Borrower and its Subsidiaries taken as a whole, (ii)&#160;the ability of the Borrower to perform any of its
          material obligations under the Loan Documents, (iii) the rights and remedies of the Lender under the Loan Documents, taken as a whole, or (iv) the legality, validity or enforceability of any of the Loan Documents.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Moody&#8217;s</u>&#8221; shall mean Moody&#8217;s Investors Service, Inc.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Notice of Revolving Borrowing</u>&#8221; shall have the meaning set forth in <u>Section 2.2</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Obligations</u>&#8221; shall mean (a) all amounts owing by the Borrower to the Lender pursuant to or in connection with this Agreement or any other Loan Document or otherwise with respect to any
          Revolving Loan including, without limitation, all principal, interest (including any interest accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or like proceeding relating to the
          Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), reimbursement obligations, fees, expenses, indemnification and reimbursement payments, costs and expenses (including all fees and expenses
          of counsel to the Lender incurred pursuant to this Agreement or any other Loan Document), whether direct or indirect, absolute or contingent, liquidated or unliquidated, now existing or hereafter arising hereunder or thereunder, (b) all hedging
          obligations owed by the Borrower to the Lender or any Affiliate of the Lender, and (c) all Bank Product Obligations, together with all renewals, extensions, modifications or refinancings of any of the foregoing.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>OFAC</u>&#8221; shall mean the U.S. Department of the Treasury&#8217;s Office of Foreign Assets Control.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>OSHA</u><font style="color: rgb(0, 0, 0);">&#8221; shall mean the </font>Occupational Safety and Health Act of 1970<font style="color: rgb(0, 0, 0);">, as amended </font>from <font style="color: rgb(0, 0, 0);">time </font>to <font style="color: rgb(0, 0, 0);">time, and any successor statute.</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Permitted Holder</u>&#8221; shall mean (a) the estate of J. Mack Robinson, (b)&#160;Harriet J. Robinson and her lineal descendants and spouses of her lineal descendants, and Hilton
          H. Howell, Jr. and his lineal descendants and spouses of his lineal descendants, (c) in the event of the incompetence or death of any of the Persons described in clause (b), such Person&#8217;s estate, executor, administrator, committee or other
          personal representative, (d) any trusts created for the benefit of the Persons described in clause (a) or (b), (e) any Person controlled by any of the Persons described in clause (a), (b), (c) or (d), and (f) any group of Persons (as defined in
          the Securities Exchange Act of 1934, as amended) in which the Persons described in clause (a), (b), (c), (d) or (e), individually or collectively, control such group.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Permitted Indebtedness</u>&#8221; shall mean:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; Indebtedness to the Lender and its Affiliates;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160; Indebtedness issued pursuant to the Subordinated Debenture Indentures and Guarantees by the Borrower in respect thereof, but only so long as the Indebtedness
          evidenced by this Agreement and the other Loan Documents constitute &#8220;Senior Indebtedness&#8221; under each such Subordinated Debenture Indenture;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Indebtedness existing on the Closing Date and listed on <u>Schedule 8.1</u>, and any permitted refinancings in respect thereof as approved by the Lender in its
          sole discretion;</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Indebtedness with respect to capital lease obligations (the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date
          in accordance with GAAP) and Indebtedness incurred in connection with purchase money Indebtedness in an aggregate principal amount not to exceed $1,000,000 at any time outstanding;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or other similar instrument drawn against insufficient funds in
          the ordinary course of business; and</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(vi)&#160; &#160; &#160;&#160;&#160; Indebtedness under performance bonds, surety bonds, release, appeal and similar bonds, statutory obligations or with respect to workers&#8217; compensation claims, in
          each case incurred in the ordinary course of business, and reimbursement obligations in respect of any of the foregoing;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Permitted Investments</u>&#8221; shall mean: (i) direct obligations of, or obligations the principal of and interest on which are unconditionally Guaranteed by, the United States (or by any agency
          thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition thereof; (ii) commercial paper having the highest rating, at the time of
          acquisition thereof, of S&amp;P or Moody&#8217;s and in either case maturing within six months<font style="font-weight: bold;">&#160;</font>from the date of acquisition thereof; (iii) certificates of deposit, bankers&#8217; acceptances and time deposits maturing
          within 180 days of the date of acquisition thereof issued or Guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States or any
          state thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000; (iv) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (i) above and
          entered into with a financial institution satisfying the criteria described in clause (iii) above; (v) marketable securities that are permitted under the Borrower&#8217;s investment policy and applicable law, and (vi) mutual funds investing solely in
          any one or more of the Permitted Investments described in clauses (i) through (v) above.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Permitted Liens</u>&#8221; shall mean:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Liens granted to the Lender or its Affiliates;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; liens arising in the ordinary course of business for obligations other than money borrowed, so long as the assets encumbered by such liens do not have an aggregate
          value at any time in excess of $1,000,000;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Liens in existence on the Closing Date and described on <u>Schedule 8.2</u>, and the replacement, renewal or extension thereof (including Liens incurred, assumed
          or suffered to exist in connection with any Permitted Indebtedness permitted pursuant to clause (ii) of the definition of &#8220;Permitted Indebtedness&#8221; (solely to the extent that such Liens were in existence on the Closing Date and described on <u>Schedule
            8.2</u>)); <u>provided</u> that the scope of any such Lien shall not be increased, or otherwise expanded, to cover any additional property or type of asset, as applicable, beyond that in existence on the Closing Date, except for products and
          proceeds of the foregoing;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160; Liens for taxes, assessments and other governmental charges or levies (excluding any Lien imposed pursuant to any of the provisions of ERISA or Environmental Laws)
          (i) not yet due or as to which the period of grace (not to exceed thirty (30) days), if any, related thereto has not expired or (ii) which are being contested in good faith and by appropriate proceedings if adequate reserves are maintained to the
          extent required by GAAP;</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Liens securing the claims of materialmen, mechanics, carriers, warehousemen, processors or landlords for labor, materials, supplies or rentals incurred in the
          ordinary course of business, which (i) are not overdue for a period of more than thirty (30) days, or if more than thirty (30) days overdue, no action has been taken to enforce such Liens and such Liens are being contested in good faith and by
          appropriate proceedings if adequate reserves are maintained to the extent required by GAAP and (ii) do not, individually or in the aggregate, materially impair the use thereof in the operation of the business of the Borrower or any of its
          Subsidiaries;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(vi)&#160;&#160;&#160;&#160;&#160; deposits or pledges made in the ordinary course of business in connection with, or to secure payment of, obligations under workers&#8217; compensation, unemployment
          insurance and other types of social security or similar legislation, or to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety bonds (other than bonds related to judgments or
          litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(vii)&#160;&#160;&#160;&#160;&#160;&#160; encumbrances in the nature of zoning restrictions, easements and rights or restrictions of record on the use of real property, which in the aggregate are not
          substantial in amount and which do not, in any case, detract from the value of such property or impair the use thereof in the ordinary conduct of business;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(viii)&#160;&#160;&#160;&#160; banker&#8217;s Liens, rights of setoff and Liens in favor of financial institutions incurred in the ordinary course of business arising in connection with deposit accounts
          or securities accounts held at such institutions solely to secure payment of fees and similar costs&#160; and expenses;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ix)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Liens arising from the filing of precautionary UCC financing statements relating solely to personal property leased pursuant to operating leases entered into in the
          ordinary course of business;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(x)&#160;&#160;&#160;&#160;&#160;&#160; Liens securing Indebtedness permitted under clause (iv) of the definition of &#8220;Permitted Indebtedness&#8221;; <u>provided</u> that (A)&#160;such Liens shall be created
          substantially simultaneously with<font style="font-weight: bold;"> t</font>he acquisition, repair, construction, improvement or lease, as applicable, of the related property, (B)&#160;such Liens do not at any time encumber any property other than the
          property financed or improved by such Indebtedness, (C)&#160;the amount of Indebtedness secured thereby is not increased and (D)&#160;the principal amount of Indebtedness secured by any such Lien shall at no time exceed one hundred percent (100%) of the
          original price for the purchase, repair, construction, improvement or lease amount (as applicable) of such property at the time of purchase, repair, construction, improvement or lease (as applicable); and</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ix)&#160;&#160;&#160;&#160;&#160;&#160; Liens securing judgments for the payment of money not constituting an Event of Default under <u>Section&#160;9.1(g)</u> or securing appeal or other surety bonds relating
          to such judgments.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Person</u>&#8221; shall mean any individual, partnership, firm, corporation, association, joint venture, limited liability company, trust or other entity, or any Governmental Authority.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Regulation&#160;T, U, or X</u>&#8221; shall mean Regulation&#160;T, Regulation&#160;U, or Regulation X of the Board of Governors of the Federal Reserve System, as the same may be in effect from time to time, and
          any successor regulations.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Related Parties</u>&#8221; shall mean, with respect to any specified Person, such Person&#8217;s Affiliates and the respective managers, administrators, trustees, partners, directors, officers,
          employees, agents, advisors or other representatives of such Person and such Person&#8217;s Affiliates.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Release</u>&#8221; shall mean any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into the environment (including
          ambient air, surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Restricted Payment</u>&#8221; shall mean, for any Person, any dividend or distribution on any class of its Capital Stock, or any payment on account of, or set apart assets for a sinking or other
          analogous fund for, the purchase, redemption, retirement, defeasance or other acquisition of any shares of its Capital Stock, any Indebtedness subordinated to the Obligations or any Guarantee thereof or any options, warrants or other rights to
          purchase such Capital Stock or such Indebtedness, whether now or hereafter outstanding, or any management or similar fees.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Revolving Commitment</u>&#8221; shall mean the commitment of the Lender to make Revolving Loans to the Borrower in an aggregate principal amount not to exceed Ten Million and No/100 Dollars
          ($10,000,000), as such commitment may subsequently be increased or decreased pursuant to the terms hereof.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Revolving Commitment Termination Date</u>&#8221; shall mean the earliest of (i) April 12, 2024, (ii) the date on which the Revolving Commitment is terminated pursuant to <u>Section 2.5</u> and
          (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Revolving Credit Exposure</u>&#8221; shall mean, at any time, the sum of the outstanding principal amount of the Lender&#8217;s Revolving Loans.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Revolving Loan</u>&#8221; shall mean a loan made by the Lender to the Borrower under the Revolving Commitment.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Revolving Loan Note</u>&#8221; shall mean the Revolving Loan Note, dated of even date herewith, made by the Borrower to&#160; the Lender in the principal amount of the Revolving Commitment, as the same
          may be amended, modified, supplemented, or replaced from time to time.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;"><a name="z_DV_M432"></a>&#8220;<u>Sanctioned Country</u>&#8221; shall mean, at any time, a country or territory that is, or whose government is,&#160; the subject or target of any Sanctions.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Sanctioned Person</u>&#8221; shall&#160; mean, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations
          Security Council, the European Union or any EU member state, (b) any Person located, organized or resident in a Sanctioned Country or (c) any Person controlled by any such Person.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Sanctions</u>&#8221; shall mean economic or financial sanctions or trade embargoes administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the
          U.S. Department of State or (b) the United Nations Security Council, the European Union or Her Majesty&#8217;s Treasury of the United Kingdom.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Solvent</u>&#8221; shall mean, with respect to any Person on a particular date, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities,
          including subordinated and contingent liabilities, of such Person; (b) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts and
          liabilities, including subordinated and contingent liabilities as they become absolute and matured; (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person&#8217;s ability to pay as such
          debts and liabilities mature; and (d) such Person is not engaged in a business or transaction, and is not about to engage in a business or transaction, for which such Person&#8217;s property would constitute an unreasonably small capital.&#160; The amount
          of contingent liabilities (such as litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount that, in light of all the facts and circumstances existing at the time, represents the amount that would
          reasonably be expected to become an actual or matured liability.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>S&amp;P</u>&#8221; shall mean Standard &amp; Poor's, a division of The McGraw-Hill Companies, Inc.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Statutory Accounting Principles</u>&#8221; means, with respect to any insurance company, statutory accounting principles prescribed or permitted by the National Association of Insurance
          Commissioners and, as applicable, the state department of insurance of the state of domicile of such insurance company for the preparation of financial statements and reports by insurance companies of the same type as such insurance company. .</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Subordinated Debenture Indentures</u>&#8221; means, collectively, (i) that certain Indenture, dated as of December 4, 2002, by the Borrower, as issuer, and State Street Bank and Trust Company of
          Connecticut, National Association, as trustee, and (ii) that certain Indenture, dated as of May 15, 2003, by the Borrower, as issuer, and U.S. Bank National Association, as trustee.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Subsidiary</u>&#8221; shall mean, with respect to any Person (the &#8220;<u>parent</u>&#8221;) at any date, any corporation, partnership, joint venture, limited liability company, association or other entity
          the accounts of which would be consolidated with those of the parent in the parent&#8217;s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation,
          partnership, joint venture, limited liability company, association or other entity (i) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a
          partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (ii) that is, as of such date, otherwise controlled, by the parent or one or more subsidiaries of the parent or by the parent and
          one or more subsidiaries of the parent.&#160; Unless otherwise indicated, all references to &#8220;Subsidiary&#8221; hereunder shall mean a Subsidiary of the Borrower.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Swap Obligation</u>&#8221; shall mean any obligation to pay or perform under any agreement, contract or transaction that constitutes a &#8220;swap&#8221; within the meaning of section 1a(47) of the Commodity
          Exchange Act.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Taxes</u>&#8221; shall mean any and all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees, charges imposed by any
          Governmental Authority, including any interest, additions to tax or penalties applicable thereto.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Trading with the Enemy Act</u>&#8221; shall mean the Trading with the Enemy Act of the United States of America (50 U.S.C. App. &#167;&#167; 1 et seq.), as amended and in effect from time to time.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>UCC</u>&#8221; shall mean the Uniform Commercial Code as in effect in the State of Georgia.</div>
        <div>&#160;</div>
        <div style="text-align: justify; margin-left: 36pt;">&#8220;<u>United States</u>&#8221; or &#8220;<u>U.S.</u>&#8221; shall mean the United States of America.</div>
        <div>&#160;</div>
        <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: bold;">Section 1.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574553"></a><font style="font-weight: bold;"><u>Accounting Terms and Determination</u></font>.&#160; Unless otherwise
          defined or specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared, in accordance with GAAP
          as in effect from time to time, applied on a basis consistent with the most recent audited consolidated financial statements delivered pursuant to <u>Section 6.1(a</u>)<font style="color: rgb(0, 0, 0);">.&#160; Notwithstanding any other provision
            contained herein, any lease that is (or would have been) treated as an operating lease for purposes of GAAP as of December 31, 2018, shall continue to be treated as an operating lease for purposes of this Agreement regardless of any change in
            GAAP following December 31, 2018, that would otherwise require such lease to be recharacterized (on a prospective or retroactive basis or otherwise) as a finance lease.</font></div>
        <div>&#160;</div>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: bold;">Section 1.3.</font> &#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;"><u>Terms Generally</u></font>.<font style="font-weight: bold;">&#160; </font>The definitions of terms herein
        shall apply equally to the singular and plural forms of the terms defined.&#160; Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.&#160; The words &#8220;include&#8221;, &#8220;includes&#8221; and &#8220;including&#8221; shall
        be deemed to be followed by the phrase &#8220;without limitation&#8221;.&#160; The word &#8220;will&#8221; shall be construed to have the same meaning and effect as the word &#8220;shall&#8221;.&#160; In the computation of periods of time from a specified date to a later specified date, the
        word &#8220;from&#8221; shall mean &#8220;from and including&#8221; and the word &#8220;to&#8221; shall mean &#8220;to but excluding&#8221;.&#160; Unless the context requires otherwise (i) any definition of or reference to any agreement, instrument or other document herein shall be construed as
        referring to such agreement, instrument or other document as it was originally executed or as it may from time to time be amended, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
        modifications set forth herein), (ii) any reference herein to any Person shall be construed to include such Person&#8217;s successors and permitted assigns, (iii) the words &#8220;hereof&#8221;, &#8220;herein&#8221; and &#8220;hereunder&#8221; and words of similar import shall be construed
        to refer to this Agreement as a whole and not to any particular provision hereof, (iv) all references to Articles, Sections, Exhibits&#160;and Schedules shall be construed to refer to Articles, Sections, Exhibits&#160;and Schedules to this Agreement and (v)
        all references to a specific time shall be construed to refer to the time in the city and state of the Lender&#8217;s principal office, unless otherwise indicated.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ARTICLE II<br>
        <br>
        <a name="z_Toc67574555"></a><u>AMOUNT AND TERMS OF THE COMMITMENTS</u></div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574556"></a><font style="font-weight: bold;"><u>Revolving Loans</u></font>.&#160; Subject to and upon the terms and
        conditions herein set forth, (i)&#160;the Lender hereby establishes in favor of the Borrower a revolving credit facility pursuant to which the Lender agrees from time to time to make Revolving Loans to the Borrower during the<font style="font-weight: bold;">&#160;</font>Availability Period in an aggregate principal amount outstanding at any time that will not result in the Lender&#8217;s Revolving Credit Exposure exceeding the Lender&#8217;s Revolving Commitment.&#160; During the Availability Period, the Borrower
        shall be entitled to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement; <u>provided</u> that the Borrower may not borrow or reborrow should there exist a Default or Event of Default.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574557"></a><font style="font-weight: bold;"><u>Procedure for Revolving Borrowings</u></font>.&#160; The Borrower shall give
        the Lender written notice (or telephonic notice promptly confirmed in writing) of each Revolving Borrowing (other than Revolving Borrowings pursuant to <u>Section 2.11</u>), substantially in the form of <u>Exhibit B</u> attached hereto (a &#8220;<u>Notice
          of Revolving Borrowing</u>&#8221;), prior to 11:00 a.m. one (1) Business Day prior to the requested date of such Credit Event.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574558"></a><font style="font-weight: bold;"><u>[Reserved]</u></font>.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.4.</font>&#160; &#160; &#160;&#160;&#160; <a name="z_Toc67574559"></a><font style="font-weight: bold;"><u>Funding of Borrowings</u></font>.&#160; The Lender will make available
        Revolving Loans to be made by it hereunder on the proposed date by promptly crediting the amount thereof to an account maintained by the Borrower with the Lender or, at the Borrower&#8217;s option, by effecting a wire transfer of such amounts to an
        account designated by the Borrower to the Lender.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.5.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574560"></a><font style="font-weight: bold;"><u>Optional Reduction and Termination of Commitments</u></font>.&#160; Upon at
        least three (3) Business Days&#8217; prior written notice (or telephonic notice promptly confirmed in writing) to the Lender (which notice shall be irrevocable), the Borrower may reduce the Revolving Commitment in part or terminate the Revolving
        Commitment in whole; <u>provided</u> that no such reduction shall be permitted which would reduce the Revolving Commitment to an amount less than the outstanding Revolving Credit Exposure of the Lender.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574561"></a><font style="font-weight: bold;"><u>Evidence of Indebtedness</u></font>.&#160; &#160; All Revolving Loans hereunder
        and interest thereon shall be evidenced by the Revolving Loan Note.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574562"></a><font style="font-weight: bold;"><u>Repayment of Loans</u></font>.<font style="font-weight: bold;">&#160; </font>The
        outstanding principal amount of all Revolving Loans shall be due and payable in full on the Revolving Commitment Termination Date.&#160; Accrued and unpaid interest shall be due and payable on each Interest Payment Date.&#160; Advances under this Agreement
        shall be recorded and maintained by the Lender in its internal records and such records shall be conclusive of the principal and interest owed by Borrower unless there is a material error in such records.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574563"></a><font style="font-weight: bold;"><u>Mandatory Prepayments of Loans</u></font>.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Revolving Loans</u>.&#160; If at any time the aggregate Revolving Credit Exposure of the Lender exceeds the Revolving Commitment, as reduced pursuant to <u>Section 2.5</u> or otherwise,
        the Borrower shall immediately repay the Revolving Loans in an amount equal to such excess, together with all accrued and unpaid interest on such excess amount.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>[Reserved]</u>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Proceeds of Issuances of Indebtedness</u>.&#160; Immediately upon receipt by Borrower or any Subsidiary of any proceeds from any issuance of Indebtedness (other than Indebtedness
        permitted by <u>Section 8.1</u>) by Borrower or such Subsidiary, Borrower shall prepay the Revolving Loans and the other Obligations in an amount equal to all such proceeds, net of reasonable and customary transaction costs, fees and expenses
        properly attributable to such transaction and payable by Borrower in connection therewith (in each case, paid to non-Affiliates).&#160; Any such prepayment shall be applied in accordance with <u>Section 2.8(f)</u>.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Hlk69223702"></a><u>Asset Dispositions</u>.&#160; Immediately upon receipt by Borrower or any Subsidiary of any proceeds of any sale or disposition by Borrower or any Subsidiary
        of any of its assets (other than asset sales or dispositions permitted under <u>Section 8.11</u>), Borrower shall prepay the Obligations in an amount equal to all such proceeds, net of commissions and other reasonable and customary transaction
        costs, fees and expenses properly attributable to such transaction and payable by Borrower in connection therewith (in each case, paid to non-Affiliates).&#160; Any such prepayment shall be applied in accordance with <u>Section 2.8(f)</u><a name="z_Ref525018760"></a>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Transfer of Capital Stock or Substantial Assets of American Southern or Bankers Fidelity Life</u>.&#160; Immediately upon the consummation of any conveyance, sale, transfer, lease,
        assignment or other disposition of any portion of the Capital Stock of, or substantially all of the assets of, American Southern or Bankers Fidelity Life, Borrower shall prepay the then outstanding Obligations in their entirety.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Application of Prepayments</u>.&#160; Any prepayments made by Borrower pursuant to clause (c) or clause (d) of this <u>Section 2.8</u> shall be applied as follows: <u>first</u>, to
        Lender&#8217;s fees and reimbursable expenses then due and payable pursuant to any of the Loan Documents; <u>second</u>, to interest then due and payable hereunder; and <u>third</u>, to the principal balance of the Revolving Loans, until the same shall
        have been paid in full.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574564"></a><font style="font-weight: bold;"><u>Interest on Loans</u></font>.&#160; Except as otherwise provided in this
        Agreement, the Borrower shall pay interest upon the unpaid principal balance of the outstanding Revolving Loans at the LIBOR Rate plus 2.00%. The interest rate shall remain fixed during each Interest Period based upon the interest rate established
        on the applicable Interest Rate Determination Date. For avoidance of doubt, upon the replacement of USD LIBOR or any subsequent Benchmark with a Benchmark Replacement (as such terms are defined below), the interest rate shall equal the then-current
        Benchmark, subject to a minimum or floor rate of 1.00%, plus 2.00%. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid
        than if computed on the basis of a 365-day year).&#160; Interest shall accrue on each Revolving Loan for the day on which the Revolving Loan is made, and shall not accrue on a Revolving Loan, or any portion thereof, for the day on which the Revolving
        Loan or such portion is paid, provided that any Revolving Loan that is repaid on the same day on which it is made shall bear interest for one day.&#160; Each determination by the Lender of an interest rate or fee hereunder shall be conclusive and
        binding for all purposes, absent manifest error.&#160; Accrued and unpaid interest shall be due and payable on each Interest Payment Date.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.10.</font>&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574565"></a><font style="font-weight: bold;"><u>Upfront Fee</u></font>.&#160; The Borrower agrees to pay to the Lender an
        upfront fee on the Closing Date in the amount of Twenty-Five Thousand and No/100 Dollars ($25,000), which upfront fee shall be fully-earned on the Closing Date and shall be non-refundable.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.11.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574566"></a><font style="font-weight: bold;"><u>Additional Costs</u></font>.&#160; In the event that any applicable law or
        regulation, guideline or order or the interpretation or administration thereof by any governmental or regulatory authority charged with the interpretation or administration thereof (whether or not having the force of law) (i) shall change the basis
        of taxation of payments to the Lender of any amounts payable by the Borrower under this Agreement or any of the Loan Documents (other than taxes imposed on the overall net income of the Lender) or (ii) shall impose, modify or deem applicable any
        reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by the Lender, or (iii) shall impose any other condition with respect to this Agreement or any of the Loan Documents, and the
        result of any of the foregoing is to increase the cost to the Lender of making or maintaining the Agreement or any of the Loan Documents or to reduce any amount receivable by the Lender under the Agreement or any of the Loan Documents, and the
        Lender determines that such increased costs or reduction in amount receivable was attributable to USD LIBOR or the then-current Benchmark being used to establish the interest rate hereunder, then the Borrower shall from time to time, upon demand by
        the Lender, pay to the Lender additional amounts sufficient to compensate the Lender for such increased costs (the &#8220;<u>Additional Costs</u>&#8221;).&#160; A detailed statement as to the amount of such Additional Costs, prepared in good faith and submitted to
        the Borrower by the Lender, shall be conclusive and binding in the absence of manifest error.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.12.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574567"></a><font style="font-weight: bold;"><u>Inability to Determine Index</u></font><font style="font-weight: bold;">.&#160;
        </font>In the event Lender determines in its sole discretion on a particular date (the &#8220;<u>Determination Date</u>&#8221;) that Lender cannot make, fund, or maintain a loan based upon the LIBOR Rate (provided a Benchmark Transition Event has not occurred)
        or the Benchmark Replacement, as applicable, for any reason, including without limitation illegality or the inability to ascertain or determine said rate on the basis provided for herein, then Lender shall give notice to Borrower of such
        determination and thereafter will have no obligation to make, fund or maintain a loan based on such index.&#160; Upon such Determination Date, the interest rate shall convert to the Standard Rate for purposes of any fundings or advances requested by
        Borrower and shall apply to any outstanding balance and, thereafter, the interest rate on the Revolving Loans shall adjust simultaneously with any fluctuation in the Standard Rate.&#160; In the event Bank determines that the circumstances giving rise to
        a notice pursuant to this Section have ended, the Bank shall provide notice of same at which time the interest rate will revert to the prior rate based upon the LIBOR Rate (provided a Benchmark Transition Event has not occurred) or the Benchmark
        Replacement, as applicable, plus the margin over the index described in <u>Section 2.9</u>, subject to any minimum or floor rate provided for in the Loan Documents.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 2.13.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574568"></a><font style="font-weight: bold;"><u>Default Rate</u></font>.&#160; If any portion of a payment is at least ten
        (10) days past due, the Borrower agrees to pay a late charge to the Lender equal to 2.00% of the amount which is past due.&#160; Unless prohibited by applicable law, the Borrower agrees to pay the fee established by the Lender from time to time for
        returned checks, wire transfer of funds, or chargeback of an ACH, if a payment is made on this Agreement and is dishonored or is otherwise determined to be uncollectible, whether for insufficient funds or for any other reason, and without regard to
        the timeliness of the return, chargeback, adjustment, or notice of nonpayment.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ARTICLE III<br>
        <br>
        <a name="z_Toc67574569"></a><u>BENCHMARK REPLACEMENT</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 3.1.</font>&#160;&#160; &#160; &#160;&#160; <a name="z_Toc67574570"></a><font style="font-weight: bold;"><u>Benchmark Replacement</u></font>.&#160; Notwithstanding anything to the
        contrary herein or in any other Loan Document, if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the
        then-current Benchmark, then, (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition of &#8220;Benchmark Replacement&#8221; for such Benchmark Replacement Date, in connection with a Benchmark Transition Event, such
        Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other
        party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (3) of the definition of &#8220;Benchmark Replacement&#8221; for such Benchmark Replacement Date, or in connection with an Early
        Opt-in Election, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (Atlanta, Georgia) on the fifth (5th) Business Day after the
        date notice of such Benchmark Replacement is provided to the Borrower without any amendment to this Agreement or any other Loan Document, or further action or consent of the Borrower.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 3.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574571"></a><font style="font-weight: bold;"><u>Benchmark Replacement Conforming Changes</u></font>.&#160; In connection
        with the implementation of a Benchmark Replacement, the Lender will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments
        implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of the Borrower.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 3.3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574572"></a><font style="font-weight: bold;"><u>Notices; Standards for Decisions and Determinations</u></font>.&#160; The
        Lender will promptly notify the Borrower of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the
        effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to <u>Section 3.4</u> below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any
        determination, decision or election that may be made by the Lender pursuant to Article IV, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
        decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its sole discretion and without consent from the Borrower.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 3.4.</font>&#160; &#160; &#160;&#160; <a name="z_Toc67574573"></a><font style="font-weight: bold;"><u>Unavailability of Tenor of Benchmark</u></font>.&#160; Notwithstanding
        anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or USD LIBOR) and either
        (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Lender in its reasonable discretion or (B) the regulatory supervisor for the administrator of
        such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Lender&#160; may modify the definition of &#8220;Interest Period&#8221; for any Benchmark
        settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark
        (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Lender&#160; may modify the definition of
        &#8220;Interest Period&#8221; for all Benchmark settings at or after such time to reinstate such previously removed tenor.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 3.5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574574"></a><a name="z_Hlk69904264"></a><font style="font-weight: bold;"><u>Benchmark Unavailability Period</u></font>.&#160;
        Upon the Borrower&#8217;s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for an advance based upon USD LIBOR, conversion to or continuation of loans based upon USD LIBOR to be made,
        converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to the Standard Rate. During any Benchmark
        Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Standard Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in
        any determination of Standard Rate.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 3.6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574575"></a><font style="font-weight: bold;"><u>Benchmark Replacement</u></font>.&#160; Any term not otherwise defined in
        this Agreement, including in <u>Section 1</u> above, shall have the meaning set forth below for purposes of this Agreement.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Available Tenor&#8221; </font>shall mean, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor
        for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest Period pursuant to this Agreement as of such date and not including, for
        the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of &#8220;Interest Period&#8221; pursuant to <u>Section 3.4</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Benchmark&#8221; </font>shall mean, initially, USD LIBOR; <u>provided</u> that if a Benchmark Transition Event or an Early Opt-in Election, as
        applicable, and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current Benchmark, then &#8220;Benchmark&#8221; shall mean the applicable Benchmark Replacement to the extent that such Benchmark Replacement has
        replaced such prior benchmark rate pursuant to <u>Section 3.1</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Benchmark Replacement&#8221; </font>shall mean, for any Available Tenor, the first alternative set forth in the order below that can be determined by
        the Lender&#160; for the applicable Benchmark Replacement Date:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the sum of: (a) Term SOFR and (b) the related Benchmark Replacement Adjustment;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the sum of: (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment;</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(3)&#160;&#160; &#160; &#160;&#160;&#160; the sum of: (a) the alternate benchmark rate that has been selected by the Lender as the replacement for the then-current Benchmark for the applicable Corresponding
        Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for
        determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated or bilateral credit facilities at&#160; such time and (b) the related Benchmark Replacement Adjustment;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><u>provided</u> that, in the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from time to
        time as selected by the Lender in its reasonable discretion. If the Benchmark Replacement as determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes
        of this Agreement and the other Loan Documents.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Benchmark Replacement Adjustment&#8221; </font>shall mean, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark
        Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160; for purposes of clauses (1) and (2) of the definition of &#8220;Benchmark Replacement,&#8221; the first alternative set forth in the order below that can be determined by the
        Lender:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 108pt;">(a)&#160; the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such
        Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable
        Corresponding Tenor;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 108pt;">(b)&#160; the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that
        would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160; for purposes of clause (3) of the definition of &#8220;Benchmark Replacement,&#8221; the spread adjustment, or method for calculating or determining such spread adjustment, (which
        may be a positive or negative value or zero) that has been selected by the Lender for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or
        determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing&#160;
        market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated
        syndicated or bilateral credit facilities;</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><u>provided</u> that, in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment
        from time to time as selected by the Lender in its reasonable discretion.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Benchmark Replacement Conforming Changes&#8221; </font>shall mean, with respect to any Benchmark Replacement, any technical, administrative or
        operational changes (including changes to the definition of &#8220;Standard Rate,&#8221; the definition of &#8220;Business Day,&#8221; the definition of &#8220;Interest Period,&#8221; timing and frequency of determining rates and making payments of interest, timing of borrowing
        requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions and other technical, administrative or operational matters) that the Lender decides may be appropriate to reflect the
        adoption and implementation&#160; of such Benchmark Replacement and to permit the administration thereof by the Lender in a manner substantially consistent with market practice (or, if the Lender decides that adoption of any portion of such market
        practice is not administratively feasible or if the Lender determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Lender decides is reasonably necessary in
        connection with the administration of this Agreement and the other Loan Documents).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Benchmark Replacement Date&#8221; </font>shall mean the earliest to occur of the following events with respect to the
        then-current&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Benchmark:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; in the case of clause (1) or (2) of the definition of &#8220;Benchmark Transition Event,&#8221; the later of (a) the date of the public statement or publication of information
        referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component
        thereof);</div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;in the case of clause (3) of the definition of &#8220;Benchmark Transition Event,&#8221; the date of the public statement or publication of information referenced therein; or</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;in the case of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Borrower.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any
        determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the &#8220;Benchmark Replacement Date&#8221; will be deemed to have occurred in the case of clause (1) or (2) with respect
        to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Benchmark Transition Event&#8221; </font>shall mean the occurrence of one or more of the following events with respect to the then-current Benchmark:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof)
        announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely, <u>provided</u> that, at the time of such statement or publication, there is no
        successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the
        calculation thereof), the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with
        jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of
        such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, <u>provided</u> that, at the time of such statement or publication, there is no
        successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the
        calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer&#160;&#160; representative.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">For the avoidance of doubt, a &#8220;Benchmark Transition Event&#8221; will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set
        forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Benchmark Unavailability Period&#8221; </font>shall mean the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to
        clauses (1) or (2) of that definition has occurred if,&#160; at such&#160; time, no&#160; Benchmark Replacement has replaced the then-current Benchmark for&#160; all purposes hereunder and under any Loan Document in accordance with Article IV and (y) ending at the
        time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Article IV.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">&#160;<font style="font-weight: bold;">&#8220;Corresponding Tenor&#8221; </font>with respect to any Available Tenor shall mean, as applicable, either a tenor (including overnight) or an interest
        payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Daily Simple SOFR&#8221; </font>shall mean, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established
        by the Lender&#160; in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining &#8220;Daily Simple SOFR&#8221; for business loans; <u>provided</u>, that if the Lender&#160; decides that any such convention
        is not administratively feasible for the Lender , then the Lender&#160; may establish another convention in its reasonable discretion.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Early Opt-in Election&#8221; </font>shall mean, if the then-current Benchmark is USD LIBOR, the occurrence of:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160; a determination by the Lender that at least five&#160;currently outstanding U.S. dollar-denominated syndicated or bilateral credit facilities at such time contain (as a
        result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate, and</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">18</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the election by the Lender to trigger a fallback from USD LIBOR and the provision by the Lender of written notice of such election to the Borrower</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Floor&#8221; </font>shall mean the greater of (a) 1.00% or (b) the Benchmark rate floor, if any, provided for in this Agreement with respect to USD
        LIBOR.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;ISDA Definitions&#8221; </font>shall mean the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any
        successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the<a name="z_bookmark9"></a> International Swaps and Derivatives Association, Inc.
        or such successor thereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Reference Time&#8221; </font>with respect to any setting of the then-current Benchmark shall mean (1) if such Benchmark is USD LIBOR, 11:00 a.m.
        (London time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not USD LIBOR, the time determined by the Lender&#160; in its reasonable discretion.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Relevant Governmental Body&#8221; </font>shall mean the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or
        a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;SOFR&#8221; </font>shall mean, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day
        published by the SOFR Administrator on the SOFR Administrator&#8217;s Website on the immediately succeeding Business Day.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;SOFR Administrator&#8221; </font>shall mean the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing
        rate).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;SOFR Administrator&#8217;s Website&#8221; </font>shall mean the website of the Federal Reserve Bank of New York, currently at <u>http://www.newyorkfed.org</u>,
        or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Standard Rate&#8221;</font> shall mean, for any day, a rate per annum equal to the Lender&#8217;s announced Prime Rate, and the Interest Rate shall change
        with each change in the Standard Rate effective on the date any change in the Lender&#8217;s Prime Rate is publicly announced as being effective.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Term SOFR&#8221; </font>shall mean, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based
        on SOFR that has been selected or recommended by the Relevant Governmental Body.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-weight: bold;">&#8220;Unadjusted Benchmark Replacement&#8221; </font>shall mean the applicable Benchmark Replacement excluding the related Benchmark Replacement
        Adjustment.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">USD LIBOR</font>&#8221; shall mean the London interbank offered rate for U.S. dollars.</div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">19</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="font-weight: bold;">Section 3.7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Notice of Benchmark Transition Event</u></font>.&#160; &#160; On March 5, 2021, the United Kingdom&#8217;s Financial Conduct Authority
        (FCA), the regulator of LIBOR, announced the final publication date for USD LIBOR is June 30, 2023. This announcement is a Benchmark Transition Event as defined above and this constitutes notice of this event.&#160; If the promissory note matures after
        the final publication date, at the appropriate time the USD LIBOR index will be replaced with the Benchmark Replacement in accordance with the terms of this Addendum.&#160; The FCA&#8217;s public statement is available at:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><u>https://www.fca.org.uk/publication/documents/future-cessation-loss-representativeness-libor-benchmarks.pdf</u>.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE IV<br>
        <br>
        <a name="z_Toc67574576"></a><u>CONDITIONS PRECEDENT TO REVOLVING LOANS</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 4.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574577"></a><font style="font-weight: bold;"><u>Conditions of Initial Credit Event</u></font>.&#160; The obligation of the
        Lender to make any initial Revolving Loans under this Agreement is subject to the satisfaction of the following conditions:</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Lender shall have received payment of all fees, expenses and other amounts due and payable on or prior to the Closing Date, in the case of expenses only, to the extent invoiced at
        least three (3) Business Days prior to the date of initial Revolving Loans;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Lender (or its counsel) shall have received the following, each to be in form and substance satisfactory to the Lender:</div>
      <div>&#160;</div>
      <div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;"><font style="text-align: left;">(i) &#160; &#160; &#160; &#160;&#160; </font>(x) A counterpart of this Agreement signed by or on behalf of each party hereto or written evidence satisfactory to the
            Lender (which may include telecopy transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement, and (y) the Revolving Loan Note and each other Loan Document, duly executed by each party
            thereto;</div>
        </div>
        <div> <br>
        </div>
      </div>
      <div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;"><font style="text-align: left;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>A certificate of the Secretary or Assistant Secretary of Borrower, attaching and certifying copies of its bylaws and of
            the resolutions of its board of directors or other equivalent governing body authorizing the execution, delivery and performance of the Loan Documents and certifying the name, title and true signature of each officer of Borrower executing the
            Loan Documents;</div>
        </div>
        <div> <br>
        </div>
      </div>
      <div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;"><font style="text-align: left;">(iii) &#160; &#160; &#160; </font>Certified copies of the articles or certificate of incorporation, of the Borrower, together with certificates of good
            standing or existence, as may be available from the Secretary of State of the jurisdiction of organization of the Borrower;</div>
        </div>
      </div>
      <div>
        <div> <br>
        </div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;"><font style="text-align: left;">(iv) &#160; &#160; &#160; </font>At least five (5) days prior to the date of this Agreement (or such later date as Lender shall agree to in writing), all
            documentation and other information required by bank regulatory authorities or reasonably requested by the Lender under or in respect of applicable &#8220;know your customer&#8221; and anti-money laundering legal requirements including the Patriot Act and,
            if Borrower qualifies as a &#8220;legal entity customer&#8221; under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to Borrower;</div>
        </div>
        <div> <br>
        </div>
      </div>
      <div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">20</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div> <br>
        </div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Certificates of insurance, in form and detail acceptable to the Lender, describing the types and amounts of insurance (property and liability) maintained by the
            Borrower;</div>
        </div>
        <div> <br>
        </div>
      </div>
      <div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;">(vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Evidence reasonably satisfactory to the Lender demonstrating a Debt to Capital Ratio of no greater than 35%; and</div>
        </div>
        <div> <br>
        </div>
      </div>
      <div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;">(vii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Such other documents, certificates, information or legal opinions as the Lender may reasonably request.</div>
        </div>
      </div>
      <div style="text-indent: 36pt;"> <br>
      </div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Since December 31, 2020, there shall have been no event or occurrence which has had or could reasonably be expected to have a Material Adverse Effect.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 4.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574578"></a><font style="font-weight: bold;"><u>Conditions to Each Credit Event</u></font>.&#160; The obligation of the
        Lender to make a Revolving Loan (including any initial Revolving Loans) on the occasion of any Borrowing is subject to the satisfaction of the following conditions:</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At the time of and immediately after giving effect to such Borrowing,<font style="font-weight: bold;">&#160;</font>no Default or Event of Default shall exist;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At the time of and immediately after giving effect to such Borrowing, all representations and warranties of the Borrower set forth in the Loan Documents shall be true and correct in
        all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects); and</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Borrower shall have delivered the required Notice of Borrowing.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Each Borrowing shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in this Section.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ARTICLE V<br>
        <br>
        <a name="z_Toc67574579"></a><u>REPRESENTATIONS AND WARRANTIES</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Borrower represents and warrants to the Lender as of the Closing Date and as of the date of each Credit Event as follows:</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574580"></a><font style="font-weight: bold;"><u>Existence; Power</u></font>.&#160; The Borrower and each of its Subsidiaries
        (i) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company (as applicable) under the laws of the jurisdiction of its organization, (ii) has all requisite power and authority to carry on
        its business as now conducted, and (iii)&#160;is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a
        Material Adverse Effect.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574581"></a><font style="font-weight: bold;"><u>Organizational Power; Authorization</u></font>.&#160; The execution,
        delivery and performance by the Borrower of the Loan Documents to which it is a party are within the Borrower&#8217;s organizational powers and has been duly authorized by all necessary organizational and, if required, shareholder, partner or member
        action.&#160; This Agreement has been duly executed and delivered by the Borrower and<font style="font-weight: bold;">&#160;</font>constitutes, and each other Loan Document to which it is a party, when executed and delivered by the Borrower, will constitute,
        valid and binding obligations of the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of
        creditors&#8217; rights generally and by general principles of equity.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">21</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574582"></a><font style="font-weight: bold;"><u>No Conflicts</u></font>.&#160; The execution, delivery and performance by
        the Borrower of the Loan Documents to which it is a party (a) does not require any consent or approval of, registration or filing with, or any action by, or any Governmental Approval from, any Governmental Authority, except those as have been
        obtained or made and are in full force and effect, (b) will not violate any material requirement of law applicable to the Borrower or any of its Subsidiaries or any judgment, order or ruling of any Governmental Authority, (c) will not violate or
        result in a default under any contractual obligation of the Borrower or any of its Subsidiaries or any of its assets or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, which in any such
        case could reasonably be expected to result in an Event of Default, and (d) will not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries, except Liens (if any) created under the Loan Documents.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574583"></a><font style="font-weight: bold;"><u>Financial Statements; No Material Adverse Effect</u></font>.&#160; All
        quarterly and annual financial statements provided by the Borrower to the Lender hereunder or in connection herewith fairly present the financial condition of the Borrower and its Subsidiaries as of the dates indicated therein and the results of
        operations for such periods in conformity with GAAP, consistently applied, subject to year-end audit adjustments and the absence of footnotes in the case of monthly financial statements.&#160; Since December 31, 2020, there has been no change which has
        had or could reasonably be expected to have a Material Adverse Effect.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574584"></a><font style="font-weight: bold;"><u>Litigation and Environmental Matters</u></font>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No litigation, investigation or proceeding of or before any arbitrators or Governmental Authorities is pending against or, to the knowledge of the Borrower, threatened against or
        affecting the Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination that could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect or (ii)
        which in any manner draws into question the validity or enforceability of this Agreement or any other Loan Document.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except as could not reasonably be expected to result in a Material Adverse Effect, neither the Borrower nor any of its Subsidiaries (i) has failed to comply with any Environmental Law
        or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental
        Liability or (iv) knows of any basis for any Environmental Liability.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574585"></a><font style="font-weight: bold;"><u>Compliance with Laws and Agreements</u></font>.&#160; The Borrower and each
        of its Subsidiaries is in compliance with (a) all requirements of law and all judgments, decrees and orders of any Governmental Authority and (b) the Subordinated Debt Debentures, and all other indentures, agreements or other instruments binding
        upon it or its properties, except where non-compliance, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574586"></a><font style="font-weight: bold;"><u>Governmental Approvals</u></font>.&#160; The Borrower and each of its
        Subsidiaries has all Governmental Approvals necessary for the ownership of its assets and conduct of its business as presently conducted.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574587"></a><font style="font-weight: bold;"><u>Investment Company Act</u></font>.&#160; Neither the Borrower nor any of its
        Subsidiaries is (a) an &#8220;investment company&#8221; or is &#8220;controlled&#8221; by an &#8220;investment company&#8221;, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, as amended and in effect from time to time, or (b)
        otherwise subject to any other regulatory scheme limiting its ability to incur debt or requiring any approval or consent from, or registration or filing with, any Governmental Authority in connection therewith.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">22</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574588"></a><font style="font-weight: bold;"><u>Taxes</u></font>.&#160; The Borrower and its Subsidiaries and each other
        Person for whose taxes the Borrower or any of its Subsidiaries could become liable have timely filed or caused to be filed all Federal income tax returns and all other material tax returns that are required to be filed by them, and have paid all
        taxes shown to be due and payable on such returns or on any assessments made against it or its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority, except where the same are
        currently being contested in good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as the case may be, has set aside on its books adequate reserves in accordance with GAAP.&#160; The charges, accruals and reserves on the
        books of the Borrower and its Subsidiaries in respect of such taxes are adequate, and no tax liabilities that could be materially in excess of the amount so provided are anticipated.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574589"></a><font style="font-weight: bold;"><u>Margin Regulations</u></font>.&#160; None of the proceeds of any of the
        Revolving Loans will be used, directly or indirectly, for &#8220;purchasing&#8221; or &#8220;carrying&#8221; any &#8220;margin stock&#8221; within the respective meanings of each of such terms under Regulation U in violation of the provisions of Regulation T, Regulation U or
        Regulation X, or for any purpose that violates the provisions of Regulation T, Regulation U or Regulation X.&#160; Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of
        extending credit for the purpose of purchasing or carrying &#8220;margin stock&#8221;.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574590"></a><font style="font-weight: bold;"><u>Ownership of Property; Insurance</u></font>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, including
        all such properties reflected in the most recent audited balance sheet of the Borrower delivered to the Lender or purported to have been acquired by the Borrower or any of its Subsidiaries after such date (except as sold or otherwise disposed of in
        the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement.&#160; All leases that individually or in the aggregate are material to the business or operations of the Borrower and its Subsidiaries are valid and
        subsisting and are in full force.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Each of the Borrower and its Subsidiaries owns, or is licensed or otherwise has the right to use, all patents, trademarks, service marks, trade names, copyrights and other intellectual
        property material to its business, and the use thereof by the Borrower and its Subsidiaries does not infringe in any material respect on the rights of any other Person.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies which are not Affiliates of the Borrower, in such amounts with
        such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or any applicable Subsidiary operates.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.12.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574591"></a><font style="font-weight: bold;"><u>Disclosure</u></font>.&#160; The Borrower has disclosed to the Lenders all
        agreements, instruments, and corporate or other restrictions to which the Borrower or any of its Subsidiaries is subject, and all other matters known to any of them, that, either individually or in the aggregate, could reasonably be expected to
        result in a Material Adverse Effect.&#160; None of the reports, financial statements, certificates or other information furnished by or on behalf of the Borrower to the Lender in connection with the negotiation of this Agreement or any other Loan
        Document or delivered hereunder or thereunder (as modified or supplemented by any other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, taken as a
        whole in light of the circumstances under which they were made, not misleading; <u>provided</u> that, with respect to any projected financial information, the Borrower represents only that such information was prepared in good faith based upon
        assumptions believed to be reasonable at the time, it being understood that projections by their nature are uncertain and no assurance is given that the results reflected in such projections will be achieved.&#160; As of the Closing Date, the
        information included in the Beneficial Ownership Certification is true and correct in all respects.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">23</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.13.</font>&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574592"></a><font style="font-weight: bold;"><u>Labor Relations</u></font>.&#160; There are no strikes, lockouts or other
        material labor disputes or grievances against the Borrower or any of its Subsidiaries, or, to the Borrower&#8217;s knowledge, threatened against or affecting the Borrower or any of its Subsidiaries, and no significant unfair labor practice charges or
        grievances are pending against the Borrower or any of its Subsidiaries, or, to the Borrower&#8217;s knowledge, threatened against any of them before any Governmental Authority.&#160; All payments due from the Borrower or any of its Subsidiaries pursuant to
        the provisions of any collective bargaining agreement have been paid or accrued as a liability on the books of the Borrower or any such Subsidiary, except where the failure to do so could not reasonably be expected to have a Material Adverse
        Effect.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.14.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;"><u>Subsidiaries</u></font>.&#160; All of the Subsidiaries of the Borrower as of the Closing Date are listed
        on <u>Schedule 5.14</u> attached hereto.&#160; All of the authorized, issued and outstanding Capital Stock of each of each such Subsidiaries is owned by the Person or Persons as is set forth on <u>Schedule 5.14</u> attached hereto.&#160; There are no
        pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Stock of any Subsidiary of Borrower.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.15.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574594"></a><font style="font-weight: bold;"><u>Solvency</u></font>.&#160; After giving effect to the execution and delivery
        of the Loan Documents and the making of any Revolving Loans under this Agreement, (i) each of the Borrower, American Southern and Bankers Fidelity Life is Solvent, and (b) the Borrower and its Subsidiaries, taken as a whole, are Solvent.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.16.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc62964549"></a><a name="z_Toc62964708"></a><a name="z_Toc62977150"></a><a name="z_Toc62979231"></a><a name="z_Toc63235987"></a><a name="z_Toc387309157"></a><a name="z_Toc67574595"></a><font style="font-weight: bold;"><u>Senior Indebtedness under Subordinated Debenture Indentures</u></font>.&#160; All of the Obligations constitute &#8220;Senior Indebtedness&#8221;, as such term is defined in
        each of the Subordinated Debenture Indentures.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 5.17.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574596"></a><font style="font-weight: bold;"><u>Anti-Corruption Laws and Sanctions</u></font>.&#160; The Borrower has
        implemented and maintains in effect policies and procedures designed to ensure compliance in all material respects by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and
        applicable Sanctions, and the Borrower, its Subsidiaries and their respective directors, officers and employees and to the knowledge of the Borrower its agents, are in compliance with Anti-Corruption Laws and applicable Sanctions.&#160; None of (a) the
        Borrower, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit
        facilities established hereby, is a Sanctioned Person.&#160; No Borrowing, use of proceeds or other contemplated hereby will violate Anti-Corruption Laws or applicable Sanctions by Borrower or any other party hereto.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">24</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="text-align: center;"><font style="font-weight: bold;">ARTICLE VI</font><font style="font-weight: bold;"><br>
          <br>
          <a name="z_Toc67574597"></a><u>AFFIRMATIVE COVENANTS</u></font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Borrower covenants and agrees that so long as the Lender has a Revolving Commitment hereunder or any Obligation remains unpaid or outstanding:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574598"></a><font style="font-weight: bold;"><u>Financial Statements and Other Information</u></font>.&#160; The Borrower
        will deliver to the Lender:</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as soon as available and in any event within one hundred twenty (120) days after the end of each Fiscal Year of the Borrower, a copy of the annual audited report for such Fiscal Year
        for the Borrower and its Subsidiaries, containing consolidated balance sheets of the Borrower and its Subsidiaries as of the end of such Fiscal Year and the related consolidated statements of income, stockholders&#8217; equity and cash flows (together
        with all footnotes thereto) of the Borrower and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year, all in reasonable detail and reported on by independent public
        accountants acceptable to the Lender (without a &#8220;going concern&#8221; or like qualification, exception or explanation and without any qualification or exception as to the scope of such audit) to the effect that such financial statements present fairly in
        all material respects the financial condition and the results of operations of the Borrower and its Subsidiaries for such Fiscal Year on a consolidated basis in accordance with GAAP and that the examination by such accountants in connection with
        such consolidated financial statements has been made in accordance with generally accepted auditing standards;</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as soon as available and in any event within forty five (45) days after the end of each Fiscal Quarter of the Borrower, an unaudited, internally-prepared, consolidated balance sheet of
        the Borrower and its Subsidiaries as of the end of such Fiscal Quarter and the related unaudited consolidated statements of income (specifying, among other things, depreciation and interest expense) of the Borrower and its Subsidiaries for such
        Fiscal Quarter and the then elapsed portion of such Fiscal Year, setting forth in each case in comparative form the figures for the corresponding Fiscal Quarter and the corresponding portion of the Borrower&#8217;s previous Fiscal Year;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as soon as available and in any event within forty five (45) days after the end of each Fiscal Quarter of the Borrower, a Compliance Certificate signed by the principal executive
        officer or the principal financial officer of the Borrower (i) certifying as to whether there exists a Default or Event of Default on the date of such certificate and, if a Default or an Event of Default then exists, specifying the details thereof
        and the action which the Borrower has taken or proposes to take with respect thereto, (ii) setting forth in reasonable detail calculations demonstrating compliance with the financial covenants set forth in <u>Article VII</u>, (iii) specifying any
        change in the identity of the Subsidiaries as of the end of such Fiscal Quarter from the Subsidiaries identified to the Lender on the Closing Date or the date of the most recent Compliance Certificate, as applicable, and (v) stating whether any
        change in GAAP or the application thereof has occurred since the Closing Date or the date of the most recent Compliance Certificate, as applicable, and, if any change has occurred, specifying the effect of such change on the financial statements
        accompanying such Compliance Certificate; and</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;promptly following any request therefor, such other information regarding the results of operations, business affairs and financial condition of the Borrower or any of its Subsidiaries
        as the Lender may reasonably request.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574599"></a><font style="font-weight: bold;"><u>Notices of Material Events</u></font>.&#160; The Borrower will furnish to
        the Lender prompt written notice of the following:</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: normal;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the occurrence of any Default or Event of Default;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the filing or commencement of, or any material development in, any action, suit or proceeding by or before any arbitrator or Governmental Authority against or, to the knowledge of the
        Borrower, affecting the Borrower or any of its Subsidiaries;</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">25</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the occurrence of any event or any other development by which the Borrower or any of its Subsidiaries (i) fails to comply with any Environmental Law or to obtain, maintain or comply
        with any permit, license or other approval required under any Environmental Law, (ii) becomes subject to any Environmental Liability, (iii) receives notice of any claim with respect to any Environmental Liability, or (iv) becomes aware of any basis
        for any Environmental Liability;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: normal;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the occurrence of any default or event of default, or the receipt by the Borrower or any of its Subsidiaries of any written notice of an
        alleged default or event of default, with respect to any Indebtedness of the Borrower or any of its Subsidiaries in a principal amount in excess of $1,000,000;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: normal;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; promptly and in any event at least five (5) Business Days prior thereto, notice of any change (i) in the Borrower&#8217;s legal name, (ii) in the
        Borrower&#8217;s chief executive office, its principal place of business, any office in which it maintains books or records, (iii) in the Borrower&#8217;s identity or legal structure, (iv)&#160;in the Borrower&#8217;s federal taxpayer identification number or
        organizational number, (v) in the Borrower&#8217;s jurisdiction of organization;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: normal;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any change in the information provided in the Beneficial Ownership Certification that would result in a change to the list of beneficial
        owners identified in parts (c) or (d) of such certification;</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;copies of any notices received by the Borrower pursuant to or in connection with either of the Indentures to the extent such notice relates to the occurrence of a breach, default or
        other act on non-compliance with respect to either such Indenture, or to any payments or payment terms of the debentures issued thereunder; and</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: normal;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Each notice or other document delivered under this Section shall be accompanied by a written statement of an officer of the Borrower setting forth the details of the event or development requiring
        such notice or other document and any action taken or proposed to be taken with respect thereto.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574600"></a><font style="font-weight: bold;"><u>Existence; Conduct of Business</u></font>.&#160; The Borrower will, and will
        cause each of its Subsidiaries to, do or cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence and its respective rights, licenses, permits, privileges, franchises, patents, copyrights,
        trademarks and trade names material to the conduct of its business; <u>provided</u> that nothing in this Section shall prohibit any merger, consolidation, liquidation or dissolution permitted under <u>Section 8.3</u>.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574601"></a><font style="font-weight: bold;"><u>Compliance with Laws</u></font>.&#160; The Borrower will, and will cause each
        of its Subsidiaries to, comply with all laws, rules, regulations and requirements of any Governmental Authority applicable to its business and properties, including, without limitation, all Environmental Laws, ERISA and OSHA and all requirements of
        any Governmental Approvals material to the Borrower and its Subsidiaries and their respective businesses, except in each case where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574602"></a><font style="font-weight: bold;"><u>Payment of Taxes</u></font>.&#160; The Borrower will, and will cause each of
        its Subsidiaries to, pay and discharge at or before maturity or when due all of taxes, assessments and other governmental charges, levies and all other claims that could result in a statutory Lien) before the same shall become delinquent or in
        default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and
        (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">26</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574603"></a><font style="font-weight: bold;"><u>Books and Records</u></font>.&#160; The Borrower will, and will cause each
        of its Subsidiaries to, keep proper<font style="font-weight: bold;">&#160;</font>books of record and account in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities to the extent
        necessary to prepare the consolidated financial statements of the Borrower in conformity with GAAP.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574604"></a><font style="font-weight: bold;"><u>Visitation and Inspection</u></font>.&#160; The Borrower will, and will cause
        each of its Subsidiaries to, permit any representative of the Lender to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of
        its officers and with its independent certified public accountants, all at such reasonable times during normal business hours (or at any time during the existence of an Event of Default) and as often as the Lender may reasonably request after
        reasonable prior notice to the Borrower; <u>provided</u> that if an Event of Default has occurred and is continuing, no prior notice shall be required; provided, further, that so long as no Event of Default then exists, the Lender shall be limited
        to one such visit during each Fiscal Year of the Borrower.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574605"></a><font style="font-weight: bold;"><u>Maintenance of Properties;</u></font><u>&#160;</u><font style="font-weight: bold;"><u>Insurance</u></font>.&#160; The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, (b)
        maintain with financially sound and reputable insurance companies which are not Affiliates of the Borrower insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the
        kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations (including, in any event, flood insurance if requested by the Lender), and will, upon request of the Lender, furnish to the
        Lender at reasonable intervals a certificate of an officer of the Borrower setting forth the nature and extent of all insurance maintained by the Borrower and its Subsidiaries in accordance with this Section, and (c) at all times shall name the
        Lender as additional insured on all liability policies of the Borrower and its Subsidiaries.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.9.</font>&#160; &#160; &#160;&#160;&#160;&#160; <a name="z_Toc67574606"></a><font style="font-weight: bold;"><u>Use of Proceeds; Margin Regulations</u></font>.&#160; The Borrower will use
        the proceeds of all Revolving Loans for working capital needs and for other general corporate purposes of the Borrower and its Subsidiaries.&#160; No part of the proceeds of any Revolving Loan will be used, whether directly or indirectly, for any
        purpose that would violate any rule or regulation of the Board of Governors of the Federal Reserve System, including Regulation T, Regulation U or Regulation X.&#160; The Borrower will not request any Borrowing, and the&#160; Borrower shall not use, and the
        Borrower shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment
        or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any
        Sanctioned Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.10.</font>&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574607"></a><font style="font-weight: bold;"><u>Casualty and Condemnation</u></font>.&#160; The Borrower will furnish to the
        Lender prompt written notice of any casualty or other insured damage to any material portion of any assets of the Borrower or the commencement of any action or preceding for the taking of any material portion of any assets of the Borrower or any
        part thereof or interest therein under power of eminent domain or by condemnation or similar proceeding.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574608"></a><font style="font-weight: bold;"><u>Governmental Approvals</u></font><font style="font-weight: bold;">.&#160; </font>The
        Borrower shall, and shall cause its Subsidiaries to,<font style="font-weight: bold;">&#160;</font>obtain and keep in full force and effect, all of the material Governmental Approvals necessary for the performance by Borrower and its Subsidiaries of
        their respective businesses and obligations, including the obligations of the Borrower under the Loan Documents.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">27</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 6.12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;"><u>Primary Deposit Accounts</u></font>.&#160; Borrower shall, and shall cause its Subsidiaries to,&#160;
        maintain with Lender all of their primary deposit accounts.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ARTICLE VII<br>
        <br>
        <a name="z_Toc67574610"></a><u>FINANCIAL COVENANTS</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Borrower covenants and agrees that so long as the Lender has a Revolving Commitment hereunder or any Obligation remains unpaid or outstanding:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 7.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574611"></a><font style="font-weight: bold;"><u>Debt to Capital Ratio</u></font>.&#160; The Borrower will not permit,<font style="font-weight: bold;">&#160;</font>at any time, Consolidated Indebtedness at such time to exceed 35% of Consolidated Capitalization at such time.&#160; Borrower shall demonstrate compliance with such requirement quarterly.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ARTICLE VIII<br>
        <br>
        <a name="z_Toc67574612"></a><u>NEGATIVE COVENANTS</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Borrower covenants and agrees that so long as the Lender has a Revolving Commitment hereunder or any Obligation remains outstanding:</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574613"></a><font style="font-weight: bold;"><u>Indebtedness and Guarantees</u></font><font style="font-weight: bold;">.</font>&#160;
        The Borrower will not create, incur, assume or suffer to exist any Indebtedness or any Guarantees or endorsements of any Indebtedness, except Permitted Indebtedness.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574614"></a><font style="font-weight: bold;"><u>Liens</u></font>.&#160; The Borrower will not create, incur, assume or
        permit any Lien on any of its assets, except Permitted Liens.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574615"></a><font style="font-weight: bold;"><u>Fundamental Changes</u></font>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Borrower will not, and will not permit any of its Subsidiaries to, merge into or consolidate into any other Person, or permit any other Person to merge into or consolidate with any
        such Person, or acquire all or substantially all of the Capital Stock or property of another Person, or sell, lease, transfer or otherwise dispose of (in a single transaction or a series of transactions) all or substantially all of any of their
        respective assets (in each case, whether now owned or hereafter acquired) or all or substantially all of the stock of any of their Subsidiaries<font style="font-weight: bold;">&#160;</font>(in each case, whether now owned or hereafter acquired)<font style="font-weight: bold;">&#160;</font>or liquidate or dissolve, other than:&#160; (i) a merger or consolidation among the Borrower and one or more of its Subsidiaries, provided that the Borrower is the surviving corporation, or (ii) a merger or
        consolidation solely between or among two or more Subsidiaries of the Borrower, provided that if American Southern or Bankers Fidelity Life is involved in such merger or consolidation, American Southern or Bankers Fidelity Life, as applicable, is
        the surviving corporation, or (iii) in connection with an Acquisition permitted hereunder effected by a merger in which the Borrower, American Southern, Bankers Fidelity Life or, in a merger in which the Borrower, American Southern or Bankers&#8217;
        Fidelity Life is not a party, a Subsidiary of the Borrower is the surviving entity, or (iv) the liquidation or dissolution of any Subsidiary of the Borrower (other than American Southern or Bankers Fidelity Life) so long as either (A) such
        Subsidiary owns no assets at the time of such liquidation or dissolution or (B) any assets owned by such Subsidiary are transferred to the Borrower or another Subsidiary prior to such liquidation or dissolution.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">28</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Borrower will not, and will not permit any of its Subsidiaries to, engage in any business other than businesses of the type conducted by the Borrower and its Subsidiaries on the
        date hereof and businesses reasonably related or ancillary thereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.4.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574616"></a><font style="font-weight: bold;"><u>Investments, Loans</u></font>. The Borrower will not purchase, hold or
        acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any Capital Stock, evidence of Indebtedness or other securities (including any option, warrant, or other right to acquire any of
        the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called &#8220;<u>Investments</u>&#8221;),
        or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, except:&#160; (a) Permitted Investments; (b) Guarantees permitted by <u>Section 8.1</u>; (c) Acquisitions
        in an aggregate amount not to exceed $10,000,000 during the term of this Agreement, so long as at the time of any such Acquisition, no Default or Event of Default then exists and the Borrower is in compliance with the covenant set forth in Section
        7.1 on a pro forma compliance, after giving effect to such Acquisition; (d) advances made to insurance agents in the ordinary course of business; (e) deposits required by government agencies and public utilities; (f) Investments by the Borrower in
        its wholly-owned Subsidiaries; (g) Investments made by the Borrower in the Statutory Trust I or the Statutory Trust II in connection with the Subordinated Debenture Indentures; and (h) additional Investments in an aggregate outstanding amount not
        to exceed $5,000,000.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574617"></a><font style="font-weight: bold;"><u>Restricted Payments</u></font>.<font style="font-weight: bold;">&#160; </font>The
        Borrower<font style="font-weight: bold;">&#160;</font>will not declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except: (i) dividends payable by the Borrower solely in interests of any class of its common equity,
        and (ii) so long as no Default or Event of Default then exists or would result therefrom, cash dividends, distributions and equity redemptions paid on the common or preferred equity of the Borrower.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574618"></a><font style="font-weight: bold;"><u>Transactions with Affiliates</u></font>.&#160; The Borrower will not, and
        will not permit any of its Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates,
        except: (a) in the ordinary course of business at prices and on terms and conditions not less favorable to the Borrower or such Subsidiary than could be obtained on an arm&#8217;s-length basis from unrelated third parties; (b) transactions between or
        among the Borrower and any Subsidiary not involving any other Affiliates; and (c) any Restricted Payment permitted by <u>Section&#160;8.5</u>.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574619"></a><font style="font-weight: bold;"><u>Restrictive Agreements</u></font>.&#160; The Borrower will not, <a name="z_DV_C126"></a>and will not permit any of its&#160; Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower to create,
        incur or permit any Lien upon any of its assets or properties, whether now owned or hereafter acquired, or (b) the ability of any of its Subsidiaries to&#160;pay dividends or other distributions with respect to its Capital Stock, to make or repay loans
        or advances to the Borrower or any other Subsidiary thereof, to Guarantee Indebtedness of the Borrower or any other Subsidiary thereof or to transfer any of its property or assets to the Borrower or any other Subsidiary thereof; <u>provided</u>
        that the foregoing shall not apply to (x) restrictions or conditions imposed by law or by&#160;this Agreement or any other Loan Document or any other agreement with the Lender or any of its Affiliates, and (y) restrictions and conditions contained in
        any agreement relating to Indebtedness or other obligations secured by Liens permitted under this Agreement if such restrictions and conditions apply only to the property or assets subject to such Liens.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574620"></a><font style="font-weight: bold;"><u>Amendment to Material Documents</u></font>.&#160; The Borrower will not
        amend, modify or waive any of its rights under its certificate of incorporation, bylaws or other organizational documents, or either of the Subordinated Debenture Indentures, in any such case in any manner that would have a material and adverse
        effect on the Lender, the Borrower or any of its Subsidiaries.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">29</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574621"></a><a name="z_Hlk69903639"></a><font style="font-weight: bold;"><u>Accounting Changes</u></font>.&#160; The
        Borrower will not, and will not permit any of its Subsidiaries to, make any significant change in accounting treatment or reporting practices, except as required or permitted by GAAP or Statutory Accounting Principles, or change the fiscal year of
        the Borrower or of any of its Subsidiaries, except to change the fiscal year of a Subsidiary to conform its fiscal year to that of the Borrower.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574622"></a><font style="font-weight: bold;"><u>Government Regulation</u></font>.&#160; The Borrower will not, and will not
        permit any of its Subsidiaries to, (a) be or become subject at any time to any law, regulation or list of any Governmental Authority of the United States (including, without limitation, the OFAC list) that prohibits or limits the Lender from making
        any advance or extension of credit to the Borrower or from otherwise conducting business with the Borrower, or (b) fail to provide documentary and other evidence of the identity of the Borrower as may be requested by the Lender at any time to
        enable the Lender to verify the identity of the Borrower or to comply with any applicable law or regulation, including, without limitation, Section 326 of the Patriot Act at 31 U.S.C. Section 5318.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.11.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574623"></a><font style="font-weight: bold;"><u>Sale of Assets</u></font>.&#160; The Borrower will not, and will not permit
        any of its Subsidiaries to, convey, sell, lease, assign, transfer or otherwise dispose of any of its assets, business or property or, in the case of any Subsidiary, any shares of such Subsidiary&#8217;s Capital Stock, in each case whether now owned or
        hereafter acquired, to any Person other than the Borrower (or to qualify directors if required by applicable law), except (a) the sale or other disposition for fair market value of obsolete or worn out property or other property not necessary for
        operations disposed of in the ordinary course of business, (b) the sale of inventory and Permitted Investments in the ordinary course of business, (c) the sale or other disposition of assets of a Subsidiary of the Borrower to another wholly-owned
        Subsidiary of the Borrower, and (d) the sale or other disposition of assets so long as the Borrower or such Subsidiary receives not less than fair market value for such assets and at least 75% of the consideration received in connection with such
        sale or other disposition is in the form of cash; provided, that in the case of any conveyance, sale, lease, assignment transfer or other disposition of any portion of the Capital Stock of American Southern or Bankers Fidelity Life or any
        substantial portion of the assets of either of American Southern or Bankers Fidelity Life, then the Borrower shall immediately upon the consummation thereof repay the then outstanding Obligations in their entirety, and notwithstanding anything
        contained herein to the contrary, the Borrower may not thereafter reborrow any Revolving Loans without the prior written consent of the Lender.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.12.</font>&#160; &#160; &#160; <a name="z_Toc67574624"></a><font style="font-weight: bold;"><u>Required Insurance Rating</u></font>.&#160; The Borrower shall not cause or
        permit, at any time during the term of this Agreement, either (a) the AM Best financial strength rating of American Southern to be lower that &#8220;A&#8221;, (b) the AM Best financial strength rating of Bankers Fidelity Life to be lower than &#8220;A-&#8220;, or (c) the
        AM Best long term issuer credit rating of the Borrower to be lower than &#8220;bbb-&#8221;.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 8.13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Suspension or Cessation of Business Activities</u>.&#160; The Borrower will not, and will not permit American Southern or Bankers
        Fidelity Life to, cease or suspend its usual business activities for more than three (3) consecutive Business Days.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">30</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE IX<br>
        <br>
        <a name="z_Toc67574625"></a><u>EVENTS OF DEFAULT</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 9.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a name="z_Toc67574626"></a><font style="font-weight: bold;"><u>Events of Default</u></font>.&#160; If any of the following events (each, an
        &#8220;<u>Event of Default</u>&#8221;) shall occur:</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the failure by the Borrower to pay, whether by acceleration or otherwise, (i) any interest or fees owed under this Agreement or the Revolving Loan Note when due and such failure shall
        continue unremedied for a period of five (5) days thereafter or (ii) any principal amount owed under this Agreement or the Revolving Loan Note when due; or</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any representation or warranty of the Borrower contained in this Agreement, any other Loan Document or any other agreement with the Lender or any of its Affiliates shall prove to be
        incorrect in any material respect at the time it was made (other than any representation or warranty that is expressly qualified by a material adverse effect or other materiality, in which case such representation or warranty shall prove to be
        incorrect in any respect); or</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the Borrower shall (i) fail to observe or perform any covenant, obligation or agreement contained in Section 6.2, 6.3, 6.4, 6.5, 6.9, 6.11, 6.12, Article VII, Article VIII of this
        Agreement or (ii) fail to observe or perform any other covenant, obligation or agreement contained in this Agreement or in any other Loan Document and such failure shall continue unremedied for a period of more than thirty (30) days after the
        earlier to occur of notice thereof from the Lender to the Borrower and Borrower becoming aware of such failure; or</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[reserved]; or</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[reserved]; or</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a Change in Control shall occur or exist; or</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the Borrower or any of its Subsidiaries shall (i) commence a voluntary case or other proceeding or file any petition seeking liquidation, reorganization or other relief under any
        federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect&#160; or seeking the appointment of a custodian, trustee, receiver, liquidator or other similar official for the Borrower or any of its Subsidiaries or any
        substantial part of the Borrower&#8217;s or any of its Subsidiaries&#8217; property, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (i) of this section (i), (iii) apply
        for or consent to the appointment of a custodian, trustee, receiver, liquidator or other similar official for the Borrower or such Subsidiary or for a substantial part of the Borrower&#8217;s or such Subsidiary&#8217;s assets, (iv) file an answer admitting the
        material allegations of a petition filed against the Borrower or such Subsidiary in any such proceeding, (v) make a general assignment for the benefit of creditors, or (vi) take any action for the purpose of effecting&#160; any of the foregoing; or</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any of its
        Subsidiaries or the Borrower or such Subsidiary&#8217;s debts, or any substantial part of the Borrower&#8217;s or such Subsidiary&#8217;s assets, under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect&#160; or (ii) the
        appointment of a custodian, trustee, receiver, liquidator or other similar official for the Borrower or any of its Subsidiaries or for a substantial part of the Borrower&#8217;s or such Subsidiary&#8217;s assets, and in any such case, such&#160; proceeding or
        petition shall remain undismissed for a period of sixty (60) days or an order or decree approving or&#160; ordering any of the foregoing shall be entered; or</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the entry of a judgment, award or order against the Borrower or any of its Subsidiaries either (i) in excess of $500,000 individually or in the aggregate, or (ii) results in or could
        reasonably be expected to result in a Material Adverse Effect, which in each case remains unstayed, unsatisfied or unbonded for sixty (60) days following the issuance of such judgment, award or order, or the issuance or service of any attachment,
        levy or garnishment, in each case with respect to amounts in excess of $500,000 individually or in the aggregate against the Borrower or any of its Subsidiaries or the property of the Borrower or any of its Subsidiaries or the repossession or
        seizure of property of the Borrower or any of its Subsidiaries valued in excess of $500,000 individually or in the aggregate; or</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">31</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-indent: 36pt; text-align: justify;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;there shall occur or exist any breach or default or other event under any agreement to which Borrower or any of its Subsidiaries is a party with a third party or parties, either (x)
        resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of any Indebtedness or to require the repurchase, redemption or prepayment of such Indebtedness, in any such case in an amount in excess of
        $500,000 individually or in the aggregate, or (y) that otherwise could reasonably be expected to result in a Material Adverse Effect;</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">then, and in every such event (other than an event with respect to the Borrower or any of its Subsidiaries described in subsection (g) or (h) of this Section) and at any time thereafter during the
        continuance of such event, the Lender may, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i)&#160;terminate the Revolving Commitment, whereupon the Revolving Commitment of the Lender shall terminate
        immediately, (ii)&#160;declare the principal of and any accrued interest on the Revolving Loans, and all other Obligations owing hereunder, to be, whereupon the same shall become, due and payable immediately, without presentment, demand, protest or
        other notice of any kind, all of which are hereby waived by the Borrower, (iii) exercise all remedies contained in any other Loan Document, and (iv) exercise any other remedies available at law or in equity; <u>provided</u> that, if an Event of
        Default specified in either subsection (g) or (h) shall occur, the Revolving Commitment shall automatically terminate and the principal of the Revolving Loans then outstanding, together with accrued interest thereon, and all fees and all other
        Obligations shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">In addition, upon the occurrence and during the continuance of any Event of Default, Lender is hereby authorized to provide any notices it deems necessary or appropriate in its sole discretion to
        protect, preserve and exercise the rights of a holder of &#8220;Senior Indebtedness&#8221; under either or both of the Subordinated Debenture Indentures.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ARTICLE X<br>
        <br>
        <a name="z_Toc67574627"></a><u>MISCELLANEOUS</u></div>
      <div>&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-weight: bold;">Section 10.1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574628"></a><font style="font-weight: bold;"><u>Notices</u></font>.</div>
      <div>&#160;</div>
      <div>
        <div>
          <div style="text-align: justify; margin-left: 36pt; text-indent: 36pt;"><font style="text-align: left;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and
            other communications to any party herein to be effective shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by e-mail or telecopy, as follows:</div>
        </div>
        <div> <br>
        </div>
      </div>
      <div>
        <div style="text-indent: 36pt;">To the Borrower:&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160;&#160; &#160; Atlantic American Corporation<br>
        </div>
        <div style="margin-left: 144pt;">4370 Peachtree Road, NE</div>
        <div style="margin-left: 144pt;">Atlanta, Georgia&#160; 30319</div>
        <div style="margin-left: 144pt;">Attention:&#160; J. Ross Franklin<br>
          E-Mail:&#160; rfranklin@atlam.com</div>
        <div style="margin-left: 144pt;"> <br>
        </div>
        <div>
          <div style="text-indent: 36pt;">To the Lender:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; &#160; &#160;&#160; Truist Bank<br>
          </div>
          <div style="text-indent: 36pt; margin-left: 108pt;">303 Peachtree Street 5<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
          <div style="margin-left: 144pt;">Atlanta, Georgia 30308<br>
            Attention: Richard Carswell</div>
          <div style="margin-left: 144pt;">E-Mail:&#160; RCarswell@BBandT.com</div>
        </div>
        <div> <br>
        </div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">32</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Any party hereto may change its address, e-mail address or telecopy number for notices and other communications hereunder by notice to the other parties hereto.&#160; All such notices and other
        communications shall be effective upon actual receipt by the relevant Person or, if delivered by overnight courier service, upon the first Business Day after the date deposited with such courier service for overnight (next-day) delivery or, if sent
        by e-mail, upon transmission with a &#8220;return receipt requested&#8221; or similar function, or, if sent by telecopy, upon transmittal in legible form by facsimile machine or, if mailed, upon the third Business Day after the date deposited into the mail or,
        if delivered by hand, upon delivery; <u>provided</u> that notices delivered to the Lender shall not be effective until actually received by the Lender at its address specified in this Section.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Any agreement of the Lender herein to receive certain notices by telephone or facsimile is solely for the convenience and at the request of the Borrower.&#160; The Lender shall be entitled
        to rely on the authority of any Person purporting to be a Person authorized by the Borrower to give such notice and the Lender shall not have any liability to the Borrower or other Person on account of any action taken or not taken by the Lender in
        reliance upon such telephonic or facsimile notice.&#160; The obligation of the Borrower to repay the Revolving Loans and all other Obligations hereunder shall not be affected in any way or to any extent by any failure of the Lender to receive written
        confirmation of any telephonic or facsimile notice or the receipt by the Lender of a confirmation which is at variance with the terms understood by the Lender to be contained in any such telephonic, e-mail or facsimile notice.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574629"></a><font style="font-weight: bold;"><u>Waiver; Amendments</u></font>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: normal;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No failure or delay by the Lender in exercising any right or power hereunder or under any other Loan Document, and no course of dealing
        between the Borrower and the Lender<font style="font-weight: bold;">, </font>shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such
        right or power, preclude any other or further exercise thereof or the exercise of any other right or power hereunder or thereunder.&#160; The rights and remedies of the Lender hereunder and under the other Loan Documents are cumulative and are not
        exclusive of any rights or remedies provided by law.&#160; No waiver of any provision of this Agreement or of any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be
        permitted by subsection (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.&#160; Without limiting the generality of the foregoing, the making of a Revolving Loan
        shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Lender may have had notice or knowledge of such Default or Event of Default at the time.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; No amendment or waiver of any provision of this Agreement or of the other Loan Documents, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless
        the same shall be in writing and signed by the Borrower and the Lender, and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">33</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.3.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574630"></a><font style="font-weight: bold;"><u>Expenses; Indemnification</u></font>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Borrower shall pay (i) all reasonable, out-of-pocket costs and expenses of the Lender and its Affiliates<font style="font-weight: bold;">, </font>including the reasonable fees,
        charges and disbursements of counsel for the Lender and its Affiliates, in connection with the preparation and administration of the Loan Documents and any amendments, modifications or waivers thereof (whether or not the transactions contemplated
        in this Agreement or any other Loan Document shall be consummated), including the reasonable fees, charges and disbursements of counsel for the Lender and its Affiliates, and (ii) all out-of-pocket costs and expenses (including, without limitation,
        the reasonable fees, charges and disbursements of outside counsel and the allocated cost of inside counsel) incurred by the Lender in connection with the enforcement or protection of its rights in connection with this Agreement, including its
        rights under this Section.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Borrower shall indemnify the Lender and each Related Party of the Lender (each such Person being called an &#8220;<u>Indemnitee</u>&#8221;) against, and hold each Indemnitee harmless from, any
        and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and
        disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower arising out of, in connection with, or as a result of (i) the execution or
        delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions
        contemplated hereby or thereby, (ii) any Revolving Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials on or from any property owned or operated by the Borrower or any of
        its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
        contract, tort or any other theory, whether brought by a third party or by the Borrower, and regardless of whether any Indemnitee is a party thereto; <u>provided</u> that such indemnity shall not, as to any Indemnitee, be available to the extent
        that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from (x) the gross negligence or willful misconduct of such Indemnitee or
        (y) a claim brought by the Borrower against an Indemnitee for breach in bad faith of such Indemnitee&#8217;s obligations hereunder or under any other Loan Document.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Borrower shall pay, and hold the Lender harmless from and against, any and all present and future stamp, documentary, and other similar taxes with respect to this Agreement and any
        other Loan Documents, any collateral described therein or any payments due thereunder, and save the Lender harmless from and against any and all liabilities with respect to or resulting from any delay or omission to pay such taxes.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
        consequential or punitive damages (as opposed to actual or direct damages) arising out of, in connection with or as a result of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
        contemplated therein, any Revolving Loan or the use of proceeds thereof; provided, that nothing in this clause (d) shall relieve the Borrower of any obligation it may have to indemnify any Indemnitee against special, indirect, consequential or
        punitive damages asserted against such Indemnitee by a third party.</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; All amounts due under this Section shall be payable promptly after written demand therefor.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">34</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574631"></a><font style="font-weight: bold;"><u>Successors and Assigns</u></font>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement shall apply to and bind the Borrower&#8217;s successors and permitted assigns and shall inure to the benefit of the Lender and its successors and assigns. Notwithstanding the
        foregoing, the Borrower shall not assign the Borrower&#8217;s rights or obligations under this Agreement or the other Loan Documents without the Lender&#8217;s prior written consent.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Lender may, at any time, sell, transfer or assign this Agreement and any of the other Loan Documents, and any or all servicing rights with respect thereto, or grant participations
        therein or issue mortgage pass-through certificates or other securities evidencing a beneficial interest in a rated or unrated public offering or private placement (the &#8220;<u>Securities</u>&#8221;); provided that the sale, transfer or assignment of this
        Agreement and the other Loan Documents shall require the prior written consent of the Borrower, such consent not to be unreasonably withheld, conditioned or delayed; provided, further that notwithstanding the foregoing, no such consent of the
        Borrower shall be required if (x) an Event of Default<font style="font-style: italic;">&#160;</font>has occurred and is continuing at the time of such assignment or (y) such assignment is to an Affiliate of the Lender or an Approved Fund of the Lender.&#160;
        The Lender may forward to each purchaser, transferee, assignee, servicer, participant, or investor in such Securities or any Rating Agency (as hereinafter defined) rating such Securities (collectively, the &#8220;<u>Investor</u>&#8221;) and each prospective
        Investor, all documents and information which the Lender now has or may hereafter acquire relating to the Borrower, any loan to the Borrower, any guarantor or the property, whether furnished by the Borrower, any guarantor or otherwise, as the
        Lender determines necessary or desirable.&#160; The term &#8220;<u>Rating Agency</u>&#8221; shall mean each statistical rating agency that has assigned a rating to the Securities.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574632"></a><font style="font-weight: bold;"><u>Governing Law; Jurisdiction; Consent to Service of Process</u></font>.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;"><font style="font-weight: normal;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement and the other Loan Documents and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise)
        based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby and thereby shall be construed in accordance with
        and be governed by the law (without giving effect to the conflict of law principles thereof) of the State of Georgia.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160; The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive<font style="font-weight: bold;">&#160;</font>jurisdiction of the United States
        District Court for the Northern District of Georgia, and of the Business Case Division of the Fulton County Superior Court located in Atlanta, Georgia, and of any appellate court from any thereof, in any action or proceeding arising out of or
        relating to this Agreement or any other Loan Document or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all
        claims in respect of any such action or proceeding may be heard and determined in such District Court or the Fulton County Superior Court<font style="font-weight: bold;">&#160;</font>or, to the extent permitted by applicable law, such appellate court.&#160;
        Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.&#160; Nothing in this Agreement or
        any other Loan Document shall affect any right that the Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts of any jurisdiction.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-indent: 36pt; text-align: justify;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Borrower irrevocably and unconditionally waives any objection which it may&#160;now or hereafter have to the laying of venue of any such suit, action or proceeding described in
        subsection (b) of this Section and brought in any court referred to in subsection (b) of this Section.&#160; Each of the parties hereto irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the
        maintenance of such action or proceeding in any such court.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">35</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-indent: 36pt; text-align: justify;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each party to this Agreement irrevocably consents to the service of process in the manner provided for notices in <u>Section 10.1</u>.&#160; Nothing in this Agreement or in any other Loan
        Document will affect the right of any party hereto to serve process in any other manner permitted by law.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.6.</font>&#160;&#160;&#160;&#160; &#160; <a name="z_Toc67574633"></a><font style="font-weight: bold;"><u>WAIVER OF JURY TRIAL</u></font>.&#160; EACH PARTY HERETO IRREVOCABLY WAIVES,
        TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
        (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).&#160; EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
        LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
        THIS SECTION.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.7.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574634"></a><font style="font-weight: bold;"><u>Right of Set-off</u></font>.&#160; In addition to any rights now or hereafter
        granted under applicable law and not by way of limitation of any such rights, the Lender shall have the right, at any time or from time to time upon the occurrence and during the continuance of an Event of Default, without prior notice to the
        Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, to set off and apply against all deposits (general or special, time or demand, provisional or final) of the Borrower at any time held or
        other obligations at any time owing by the Lender to or for the credit or the account of the Borrower against any and all Obligations held by the Lender, irrespective of whether the Lender shall have made demand hereunder and although such
        Obligations may be unmatured.&#160; The Lender agrees promptly to notify the Borrower after any such set-off and any application made by the Lender; <u>provided</u> that the failure to give such notice shall not affect the validity of such set-off and
        application.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574635"></a><font style="font-weight: bold;"><u>Counterparts; Integration</u></font>.&#160; This Agreement may be executed
        by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.&#160; This Agreement, the other Loan Documents, constitute the
        entire agreement among the parties hereto and thereto and their affiliates regarding the subject matters hereof and thereof and supersede all prior agreements and understandings, oral or written, regarding such subject matters.&#160; Delivery of an
        executed counterpart to this Agreement or any other Loan Document by facsimile transmission or by electronic mail in pdf format shall be as effective as delivery of a manually executed counterpart hereof.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.9.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574636"></a><font style="font-weight: bold;"><u>Survival</u></font>.&#160; All covenants, agreements, representations and
        warranties made by the Borrower herein and in the certificates, reports, notices or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall
        survive the execution and delivery of this Agreement and the other Loan Documents and the making of any Revolving Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Lender may have had
        notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Revolving Loan or any
        fee or any other amount payable under this Agreement is outstanding and unpaid and so long as the Revolving Commitment has not expired or terminated.&#160; The provisions of <u>Section 10.3</u> shall survive and remain in full force and effect
        regardless of the consummation of the transactions contemplated hereby, the repayment of the Revolving Loans, the expiration or termination of the Revolving Commitment or the termination of this Agreement or any provision hereof.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">36</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.10.</font>&#160;&#160;&#160;&#160;&#160;&#160; <a name="z_Toc67574637"></a><font style="font-weight: bold;"><u>Severability</u></font>.&#160; Any provision of this Agreement or any other
        Loan Document held to be illegal, invalid or unenforceable in any jurisdiction, shall, as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability without affecting the legality, validity or
        enforceability of the remaining provisions hereof or thereof; and the illegality, invalidity or unenforceability of a particular provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
        jurisdiction.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.11.</font>&#160;&#160;&#160;&#160; <a name="z_Toc67574638"></a><font style="font-weight: bold;"><u>Patriot Act</u></font>.<font style="font-weight: bold;">&#160; </font>The
        Lender hereby notifies the Borrower that, (a) pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and
        other information that will allow the Lender to identify the Borrower in accordance with the Patriot Act, and (b) pursuant to the Beneficial Ownership Regulation, it is required to obtain a Beneficial Ownership Certification.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">Section 10.12.</font>&#160;&#160;&#160;&#160; <font style="font-weight: bold;"><u>Maximum Rate</u></font>.<font style="font-weight: bold;">&#160; </font>Notwithstanding anything herein to
        the contrary, if at any time the interest rate applicable to any Revolving Loan, together with all fees, charges and other amounts which may be treated as interest on such Revolving Loan under applicable law (collectively, the &#8220;<u>Charges</u>&#8221;),
        shall exceed the maximum lawful rate of interest (the &#8220;<u>Maximum Rate</u>&#8221;) which may be contracted for, charged, taken, received or reserved by the Lender in accordance with applicable law, the rate of interest payable in respect of such
        Revolving Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Revolving Loan but were not
        payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to the Lender in respect of other Revolving Loans or periods shall be increased (but not above the Maximum Rate therefor) until such
        cumulated amount, together with interest thereon at the Standard Rate to the date of repayment (to the extent permitted by applicable law), shall have been received by the Lender.</div>
      <div>&#160;</div>
      <div style="text-align: center;">&#160;[<font style="font-style: italic;">Remainder of page intentionally blank; signature page follows.</font>]</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">37</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first
        above written.</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z3feeccd4c07d40d7b6fb9b8562164de6">

            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td colspan="3" style="vertical-align: top;">
                <div style="font-weight: bold;">Borrower:</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td colspan="3" style="vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td colspan="3" style="vertical-align: top;">
                <div style="font-weight: bold;">ATLANTIC AMERICAN CORPORATION</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 42%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">
                <div>By:</div>
              </td>
              <td colspan="2" style="vertical-align: top;">
                <div><u>/s/ J. Ross Franklin</u></div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">
                <div>Name:</div>
              </td>
              <td style="width: 42%; vertical-align: top;">
                <div>J. Ross Franklin</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">
                <div>Title:</div>
              </td>
              <td style="width: 42%; vertical-align: top;">
                <div>Vice President, Chief Financial Officer</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 42%; vertical-align: top;">
                <div>And Secretary</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 42%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td colspan="3" style="vertical-align: top;">
                <div style="font-weight: bold;">Lender:</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td colspan="3" style="vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td colspan="3" style="vertical-align: top;">
                <div style="font-weight: bold;">TRUIST BANK</div>
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            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 42%; vertical-align: top;">&#160;</td>
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            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">
                <div>By:</div>
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                <div><u>/s/ Richard E. Carswell</u></div>
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            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">
                <div>Name:</div>
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              <td style="width: 42%; vertical-align: top;">
                <div>Richard E. Carswell</div>
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            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">
                <div>Title:</div>
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              <td style="width: 42%; vertical-align: top;">
                <div>Senior Vice President</div>
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      <div>&#160;</div>
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