Amendment to Consulting Agreement between LVM Company and North Pointe Insurance Company

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Summary

LVM Company and North Pointe Insurance Company have amended their existing consulting agreement, originally signed in 2003 and previously amended in 2006. The amendment extends the agreement for a one-year term starting September 1, 2007, with automatic one-year renewals unless North Pointe Insurance Company provides 90 days' written notice to terminate. LVM will receive $10,000 per month for its consulting services related to claims adjusting. All other terms of the original agreement remain unchanged.

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EX-10.53 3 k25091exv10w53.htm AMENDMENT TO CONSULTING AGREEMENT exv10w53  

Exhibit 10.53
AMENDMENT TO CONSULTING AGREEMENT
     This Amendment is dated September 1, 2007, by and between LVM Company (“LVM”) and North Pointe Insurance Company (“NPIC”).
     The parties signed a Consulting Agreement on March 5, 2003, and an Amendment on April 6, 2006 which governs the terms on which LVM provides certain services for NPIC relating to claims adjusting philosophies and procedures.
     The parties amend the original Agreement as follows:
1.   Term of Agreement. This Agreement will be effective for an initial term of one (1) year from September 1, 2007 through March 1, 2009. Thereafter will automatically renew for a successive term of one (1) year each unless NPIC gives written notice to LVM of its election not to renew for an additional term; notice shall be given to LVM at least ninety (90) days prior to the expiration date of any term.
 
2.   Compensation. As full, final and exclusive compensation for all LVM’s services under this Agreement, NPIC agrees to pay LVM a fee equal to the sum of $10,000 per month for the term of the Agreement.
 
3.   Unless it is specifically amended by this Amendment, all provisions to the Agreement remain fully effective.
     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the 7th day of September, 2007.
         
NORTH POINTE INSURANCE COMPANY
 		    
By:   /s/ James G. Petcoff    
       
Its:       
 
         
LVM COMPANY
 		    
By:   /s/ Lawrence V. MacLean    
       
Dated: