**Exhibit 4**

**WARRANT CLARIFICATION AGREEMENT**

This Warrant Clarification Agreement (this“Agreement”), date February 13, 2007, is to the Warrant Agreement, dated as of March 27, 2006 (the “Warrant Agreement”), by and between North American Insurance Leaders, Inc., a Delaware corporation (the“Company”), and Mellon Investor Services LLC, a New Jersey limited liability company. 

**WHEREAS,**Section 3.3.2of the Warrant Agreement provides that the Company shall not be obligated to deliver any securities pursuant to the exercise of a warrant unless a registration statement under the Securities Act of 1933, as amended (the “SecuritiesAct”), with respect to the common stock is effective. 

**WHEREAS,**in furtherance of the foregoing, the Company’s finalprospectus, dated March 22, 2006, indicated (i) that no warrant would be exercisable unless at the time of exercise a prospectus relating to the common stock issuable upon exercise of the warrant is current and the common stock has beenregistered under the Securities Act or qualified or deemed to be exempt under the securities laws of the state of residence of the holder of the warrant and (ii) that the warrant may be deprived of any value and the market for the warrant maybe limited if the prospectus relating to the common stock issuable upon the exercise of the warrant is not current or if the common stock is not qualified or exempt from qualification in the jurisdictions in which the holder of the warrant resides.

**WHEREAS,**as a result of certain questions that have arisen regarding the accounting treatment applicable to the warrants, theparties hereto deem it necessary and desirable to amend the Warrant Agreement to clarify that the registered holders do not have the right to receive a net cash settlement in the event the Company does not maintain a current prospectus relating tothe common stock issuable upon exercise of the warrants at the time such warrants are exercisable. 

**NOW, THEREFORE,**in considerationof the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree to amend the Warrant Agreement asset forth herein. 

1. Warrant Agreement. The Warrant Agreement is hereby amended by adding the following sentence as the penultimatesentence of Section 3.3.2: 

“Furthermore, if the Company is unable to deliver any securities pursuant to theexercise of a Warrant as a result of the foregoing situations, the Company will have no obligation to pay such registered holder any cash or other consideration or otherwise “net cash settle” the Warrant.” 

2. Miscellaneous. 

(a) GoverningLaw. This Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of thesubstantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or theUnited States District Court for the Southern District 

of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusivejurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid,addressed to it at the address set forth in Section 10.2 of the Warrant Agreement. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. 

(b) Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legalrepresentatives, successors and assigns. 

(c) Entire Agreement. This Agreement sets forth the entire agreement and understandingbetween the parties as to the subject matter thereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them. Except as set forth in this Agreement, provisions of the Warrant Agreement whichare not inconsistent with this Agreement shall remain in full force and effect. This Agreement may be executed in counterparts. 

(d)Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof.Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possibleand be valid and enforceable. 

IN WITNESS WHEREOF, the parties hereto have executed this Warrant Clarification Agreement as of the datefirst written above. 

 
NORTH AMERICAN INSURANCE LEADERS, INC.By: /s/ William R. de Jonge  Name: William R. de JongeTitle: PresidentNORTH AMERICAN INSURANCE LEADERS, INC.By: /s/ Paula S. Butler  Name: Paula S. ButlerTitle: Executive Vice President
MELLON INVESTOR SERVICES LLC,

as WarrantAgent
By: /s/ Mitzi Brinkman  Name: Mitzi BrinkmanTitle: Client Relationship Executive