AMENDMENT NO. 4 TO THE SPECIALTY UNDERWRITERS’ ALLIANCE, INC. PARTNER AGENT PROGRAM AGREEMENT
Exhibit 10.3
This amendment (“Amendment”) is made and entered into as of May 3, 2007 by and among Xxxxxxxxx
Holding Company, Inc. (“Xxxxxxxxx”) and its subsidiaries and affiliates, including its wholly owned
subsidiaries American Patriot Insurance Agency, Inc. (“American Patriot”) and Insential, Inc.
(“Insential”), and Specialty Underwriters’ Alliance, Inc. and its property and casualty insurance
subsidiaries and affiliates (collective, the “Company”), and amends the PARTNER AGENT PROGRAM
AGREEMENT (“Agreement”) entered into by American Patriot and the Company on January 24, 2006, as
amended. Any terms defined in the Agreement and used herein shall have the same meaning in this
Amendment as in the Agreement. In the event that any provision of this Amendment and any provision
of the Agreement are inconsistent or conflicting, the inconsistent or conflicting provision of this
Amendment shall be and constitute an amendment of the Agreement and shall control, but only to the
extent that such provision is inconsistent or conflicting with the Agreement. Any capitalized
terms not defined herein shall be defined as in the Agreement.
Now, therefore, in accordance with Section IX, D of the Agreement and in consideration of the
mutual agreements and covenants hereinafter set forth, the parties wish to amend the Agreement by
adding Xxxxxxxxx and Insential as parties to the Agreement with all rights, authority and
obligations as Partner Agents.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on their
behalf by their duly authorized officers as of the day, month and year above written.
| SPECIALTY UNDERWRITERS’ ALLIANCE, INC. | ||
| SUA INSURANCE COMPANY | ||
BY:
|
/s/ Xxxxxxx X. Xxxxx | |
NAME:
|
Xxxxxxx X. Xxxxx | |
TITLE:
|
Senior Vice President, Chief Underwriting Officer | |
| AMERICAN PATRIOT INSURANCE AGENCY, INC. | ||
BY:
|
/s/ Xxxx Xxxxx | |
NAME:
|
Xxxx Xxxxx | |
TITLE:
|
President | |
| XXXXXXXXX HOLDING COMPANY, INC. | ||
BY:
|
/s/ Xxxxx Xxxxxxxxx | |
NAME:
|
Xxxxx Xxxxxxxxx | |
TITLE:
|
President | |
| INSENTIAL, INC. | ||
BY:
|
/s/ Xxxxxx Xxxxx | |
NAME:
|
Xxxxxx Xxxxx | |
TITLE:
|
President | |
