Specialty Underwriters Alliance, Inc. Watch

from S-1/A 5 pages First Amendment to Amended and Restated Subordinated Loan and Security Agreement Agreement

from S-1/A 5 pages First Amendment to Amended and Restated Senior Loan and Security Agreement Agreement

from S-1/A 10 pages Amended and Restated Intercreditor and Subordination Agreement

from S-1/A 83 pages Amended and Restated Subordinated Loan and Security Agreement Among Courtney Smith, Peter Jokiel, William Loder, and Gary Ferguson, as Subordinated Lenders, and Specialty Underwriters’ Alliance, Inc., as the Borrower, and Friedman, Billings, Ramsey Group, Inc., and Standard American Insurance Limited, as Senior Lenders Amended and Restated as of July 23, 2004 Originally Dated December 12, 2003

from S-1/A 79 pages Amended and Restated Senior Loan and Security Agreement Among Friedman, Billings, Ramsey Group, Inc. and Standard American Insurance Limited, as Senior Lenders, and Specialty Underwriters’ Alliance, Inc., as the Borrower Amended and Restated as of July 23, 2004 Originally Dated December 12, 2003