Fairfax Inc. and Crum & Forster Holding Inc. Addendum to Tax Sharing Agreement
Exhibit 10.17
Fairfax Inc. and Xxxx & Xxxxxxx Holding Inc.
Addendum to Tax Sharing Agreement
Addendum to Tax Sharing Agreement
In order to align the Fairfax, Inc. Tax Allocation Agreement, effective January 1, 2000, (the
“Tax Sharing Agreement” ), with tax planning strategy, and ensure that the net operating losses of
Xxxx & Xxxxxxx Holding Inc. (“CFHI”) are reimbursed by Fairfax, Inc. before their expiration, in
the event CFHI implements the tax planning strategy in which they elect to file a consolidated tax
return with their subsidiaries for financial tax accounting purposes under the Tax Sharing
Agreement, Fairfax Inc. agrees to reimburse CFHI for net operating losses utilized in
consolidation.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by duly authorized
officers to be effective January 1, 2005.
FAIRFAX, INC |
||||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Vice President | |||
|
||||
Xxxx & Xxxxxxx Holding Inc. |
||||
By: | /s/ Xxxx Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxx Xxxxxxxxx | |||
Title: | Sr. Executive Vice President |