0001174947-16-003406 Sample Contracts

ESCROW AGREEMENT

Escrow Agreement • November 14th, 2016 • NI Holdings, Inc. • Fire, marine & casualty insurance • Delaware

• Contract Type
  Escrow Agreement
• Filed
  November 14th, 2016
• Company
  NI Holdings, Inc.
• Industry
  Fire, marine & casualty insurance
• Jurisdiction
  Delaware

THIS ESCROW AGREEMENT (this “Escrow Agreement”), dated as of November __, 2016, is entered into by and among NI Holdings, Inc., a North Dakota corporation (the “Company”), Nodak Mutual Insurance Company, a North Dakota mutual insurance company (“Nodak Mutual”), Griffin Financial Group LLC (the “Placement Agent”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, (“WSFS Bank”) as escrow agent (the “Escrow Agent”).

AFFILIATION AGREEMENT

Reinsurance Agreement • November 14th, 2016 • NI Holdings, Inc. • Fire, marine & casualty insurance

• Contract Type
  Reinsurance Agreement
• Filed
  November 14th, 2016
• Company
  NI Holdings, Inc.
• Industry
  Fire, marine & casualty insurance

WHEREAS Battle Creek Mutual Insurance Company (“BCMI”) and Nodak Mutual Insurance Company (“NMI”) believe an affiliation between the two companies, pursuant to the terms of this Agreement, are in the best interests of the policyholders of both companies;