EXHIBIT 10 (c)
ENDORSEMENT NO. 1
to the
GUARANTY OF PERFORMANCE AND HOLD HARMLESS AGREEMENT
Effective: July 1, 1996
by and between
HALLMARK FINANCIAL SERVICES, INC.
and
DORINCO REINSURANCE COMPANY
IT IS HEREBY AGREED, effective July 1, 2000, that subparagraph 8 of the
Agreement shall be deleted and the following substituted therefor:
"8. IT IS FURTHER AGREED, that American will maintain a surplus of
$2,500,000, however, in the event American's surplus falls below $2,500,000
the Guarantor will provide within fifteen days, collateral in a form
acceptable to Dorinco in an amount equal to 100% of American's liabilities
due to County on business American assumes from County and does not
retrocede to the Quota Share Retrocession Agreement."
The provisions of this Agreement shall remain otherwise unchanged.
IN WITNESS WHEREOF, the parties hereto have caused this Endorsement to be
executed in duplicate by:
Hallmark Financial Services, Inc.
By: ______________________________________
Its: ______________________________________
Date: ______________________________________
Dorinco Reinsurance Company
By: ______________________________________
Its: ______________________________________
Date: ______________________________________
