Management Agreement between North Pointe Insurance Company and N. P. Premium Finance Company (March 1, 2002)

Contract Categories: Business Operations › Management Agreements
Summary

North Pointe Insurance Company agrees to provide management services, including staff supervision, financial management, and legal activities, to N. P. Premium Finance Company. In return, N. P. Premium Finance Company will pay North Pointe Insurance Company $6,440 per month for these services. Additionally, North Pointe Insurance Company will supply office necessities such as supplies, telephone, and postage, for which N. P. Premium Finance Company will pay $1,125 monthly. The agreement can be terminated by either party with 30 days written notice.

Read More Arrow
EX-10.29 32 k90119exv10w29.txt MANAGEMENT AGREEMENT DATED MARCH 1, 2002 EXHIBIT 10.29 MANAGEMENT AGREEMENT North Pointe Insurance Company of 28819 Franklin Road, Southfield, Michigan 48034 and N. P. Premium Finance Company of 28819 Franklin Road, Southfield, Michigan 48034, 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 ------- $ 1,125
Executed this 5th day of March, 2004. NORTH POINTE INSURANCE COMPANY N. P. PREMIUM FINANCE COMPANY By: /s/ B. Matthew Petcoff By: /s/ John H. Berry ----------------------------------- -------------------------