EXHIBIT 10.29
MANAGEMENT AGREEMENT
North Pointe Insurance Company of 00000 Xxxxxxxx Xxxx, Xxxxxxxxxx,
Xxxxxxxx 00000 and N. P. Premium Finance Company of 00000 Xxxxxxxx Xxxx,
Xxxxxxxxxx, Xxxxxxxx 00000, effective March 1, 2002, agree as follows:
North Pointe Insurance Company agrees to provide management services
to N. P. Premium Finance Company, including management and supervision of
the staff of N. P. Premium Finance Company. These services include
financial management and corporate legal activity. N. P. Premium Finance
Company agrees to pay North Pointe Insurance Company $6,440 per month, the
last day of the month, in exchange for the management services so rendered.
North Pointe Insurance Company shall continue to provide supplies,
telephone service and postage service to N. P. Premium Finance Company. N.
P. Premium Finance Company agrees to pay North Pointe Insurance Company
$1,125 at each month end for these services and supplies.(1)
This agreement may be terminated effective the first day of the first
month next following 30 days written notice of cancellation of said agreement.
(1) Postage $ 600
Phone 500
Supplies 25
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$ 1,125
Executed this 5th day of March, 2004.
NORTH POINTE INSURANCE COMPANY N. P. PREMIUM FINANCE COMPANY
By: /s/ B. Xxxxxxx Xxxxxxx By: /s/ Xxxx X. Xxxxx
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