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

Summary

LVM Company and North Pointe Insurance Company have amended their existing Consulting Agreement, originally signed on March 5, 2003. The amendment sets a new one-year term starting May 1, 2006, with automatic one-year renewals unless North Pointe Insurance Company provides 90 days' written notice to end the agreement. LVM will receive $10,000 per month as full compensation for its consulting services. All other terms of the original agreement remain unchanged.

EX-10.36 5 k13130exv10w36.htm AMENDMENT TO THE CONSULTING AGREEMENT exv10w36

Exhibit 10.36

AMENDMENT TO CONSULTING AGREEMENT

This Amendment is dated April 6, 2006, by and between LVM Company (“LVM”) and North Pointe Insurance Company (“NPIC”).

The parties signed a Consulting Agreement on March 5, 2003, which governs the terms on which LVM provides certain services for NPIC relating to claims adjusting philosophies and procedures.

The parties amend the Agreement as follows:

Term of Agreement. This Agreement will be effective for an initial term of one (1) year from May 1, 2006 and 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.

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.

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 6th day of April, 2006.

NORTH POINTE INSURANCE COMPANY


By:


Its:


LVM COMPANY

By:


Dated: