Fairfax Inc. and Crum & Forster Holdings Corp. Addendum to Tax Sharing Agreement
Exhibit 10.36
Fairfax Inc. and Xxxx & Xxxxxxx Holdings Corp.
Addendum to Tax Sharing Agreement
Addendum to Tax Sharing Agreement
In order to align the Fairfax, Inc. and Xxxx & Xxxxxxx Holdings Corp. Tax Allocation
Agreement, effective June 5, 2003, (the “Tax Sharing Agreement” ), with tax planning strategy, and
ensure that the net operating losses of Xxxx & Xxxxxxx Holdings Corp. (“CFHC”) are reimbursed by
Fairfax, Inc. before their expiration, in the event CFHC 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 CFHC 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 |
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By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Vice President | |||
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Xxxx & Xxxxxxx Holdings Corp. |
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By: | /s/ Xxxx Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxx Xxxxxxxxx | |||
Title: | Executive Vice President | |||