Amendment No. 2
Exhibit 10.17
Amendment No. 2
This Amendment No. 2 to the July 24, 2002 Services Agreement (“Services Agreement”) is entered as of October 1, 2006 (the “Effective Date”) by and between FireMark Partners, LLC (“FireMark”) a Delaware limited liability company and Bristol West Holdings, Inc a Delaware corporation formerly known as BRW Acquisition, Inc. (“BRW”).
WHEREAS, BRW is required to pay monthly License Fees from and after the Effective Date totaling $900,000, subject to the terms and conditions of the Services Agreement and the Correction and Amendment of the Services Agreement dated November 8, 2005; and
WHEREAS, BRW and FireMark desire to satisfy such requirement with one single discounted payment of $818,091 on Friday October 6, 2006;
NOW THEREFORE, the Services Agreement is hereby amended as follows:
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On or around October 6, 2006, BRW shall pay FireMark $818,091 in full satisfaction of its remaining obligation to make License payments under Section 7.3 of the Services Agreement. |
IN WITNESS WHEREOF, the parties hereto have signed this Amendment intending to be legally bound.
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BRISTOL WEST HOLDINGS, INC., |
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FIREMARK PARTNERS, LLC |
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By: |
/s/ Xxxxx Xxxxxxxxxx |
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By: |
/s/ Xxxx XxXxxxx |
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Name: |
Xxxxx Xxxxxxxxxx |
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Name: |
Xxxx XxXxxxx |
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Title: |
Senior Vice President |
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Title: |
Member |
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Date: |
10/4/06 |
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Date: |
10/3/06 |
