Amendment No. 2
Exhibit 10.17
Amendment No. 2
This Amendment No. 2 to the July 24, 2002 Services Agreement (Services Agreement) is entered as of October 1, 2006 (the Effective Date) by and between FireMark Partners, LLC (FireMark) a Delaware limited liability company and Bristol West Holdings, Inc a Delaware corporation formerly known as BRW Acquisition, Inc. (BRW).
WHEREAS, BRW is required to pay monthly License Fees from and after the Effective Date totaling $900,000, subject to the terms and conditions of the Services Agreement and the Correction and Amendment of the Services Agreement dated November 8, 2005; and
WHEREAS, BRW and FireMark desire to satisfy such requirement with one single discounted payment of $818,091 on Friday October 6, 2006;
NOW THEREFORE, the Services Agreement is hereby amended as follows:
| On or around October 6, 2006, BRW shall pay FireMark $818,091 in full satisfaction of its remaining obligation to make License payments under Section 7.3 of the Services Agreement. |
IN WITNESS WHEREOF, the parties hereto have signed this Amendment intending to be legally bound.
BRISTOL WEST HOLDINGS, INC., |
| FIREMARK PARTNERS, LLC | ||
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By: | /s/ Craig Eisenacher |
| By: | /s/ John McManus |
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Name: | Craig Eisenacher |
| Name: | John McManus |
Title: | Senior Vice President |
| Title: | Member |
Date: | 10/4/06 |
| Date: | 10/3/06 |