Document:

exv10w44

EXHIBIT 10.44

MANAGEMENT SERVICES AGREEMENT

This Management Services Agreement (the “Agreement”) is made and entered into this 15th day of
December, 2001 by and between Liberty Mutual Insurance Company (“Liberty Mutual”), a Massachusetts
mutual insurance company and Indiana Insurance Company (“IIC”), an Indiana insurance corporation.

	I.	 	Performance of Services. Liberty Mutual agrees, to the extent requested by IIC, to perform
such services (collectively, “services”) for IIC as IIC determines to be reasonably necessary
or desirable in the conduct of its operations; provided, however, that Liberty Mutual may, in
its sole discretion, decline to provide any of the services contemplated in this Agreement if
providing the requested services would interfere with Liberty Mutual’s ability to meet its
obligations to its policyholders or would otherwise adversely affect Liberty Mutual. All
services provided under this Agreement shall comply with all applicable state laws and
regulations governing IIC, including all laws and regulations relating to review of IIC’s
books and records. As may be necessary for the performance of Liberty Mutual’s services under
this Agreement, Liberty Mutual shall have the authority to negotiate or conclude contracts on
behalf of IIC or bind IIC to any such contracts.
	 
	 	 	The listing of the following services to be performed under this Agreement is not intended to
limit the performance of other services that may be provided by Liberty Mutual to or on behalf
of IIC, as may be agreed to by the parties from time to time:

	 	A.	 	Accounting, financial, tax and auditing. Subject to the direction and control of
IIC’s Board of Directors and responsible officers, Liberty Mutual shall provide IIC with
such financial and accounting services as may be desirable, including:

	 	1.	 	Preparation and maintenance of annual and quarterly financial statements
and other reports providing information required by the state of domicile and other
states in which IIC is transacting business, the maintenance of necessary and proper
records and books of account with respect to the business of IIC, and the maintenance
and compilation of all data required for the preparation of tax returns.
	 
	 	2.	 	Assistance to IIC in connection with the examination or audit of the books,
records, affairs and activities of IIC by governmental, insurance or taxing
authorities having regulatory or taxing authority with respect to the operations of
IIC, or by any firm of certified public accountants appointed by IIC to audit its
books, records and accounts.
	 
	 	3.	 	Assistance to IIC with treasury and accounts payable functions as may be
determined between the parties. IIC shall certify to Liberty Mutual the names and
specimen signatures of all officers or employees of IIC who are authorized to sign
instructions on its behalf. Liberty Mutual shall have the right to require that all
instructions made in connection with this Agreement meet its satisfaction as to
content, form and authenticity.

	 	 	Nothing in this Agreement shall be construed to alter the fact that IIC’s books, records and
accounts are owned by IIC; and IIC shall have the right to inspect, or authorize others to
inspect, its books, records and accounts.

 

 

	 	B.	 	Purchasing, payroll and employee benefits. Subject to the direction and control of
IIC’s Board of Directors and responsible officers, Liberty Mutual shall provide IIC with
such services involving purchasing (including access to group purchasing contracts and
fleet management services), payroll processing, and employee relations and/or benefits as
may be desirable.
	 
	 	C.	 	Information Technology and Support. Subject to the direction and control of IIC’s
Board of Directors and responsible officers, Liberty Mutual shall provide the technology
infrastructure, information technology systems, software, data center management, network
management services, monitoring, management/oversight, and support services to IIC and
shall provide trouble-shooting functions on behalf of IIC.
	 
	 	D.	 	Policy Administration and Production. Subject to the direction and control of IIC’s
Board of Directors and responsible officers, Liberty Mutual may perform all policy
production, print and mail activities on IIC’s behalf for all the states in which IIC
currently operates and in which it may operate in the future.
	 
	 	E.	 	Real Estate Management. Subject to the direction and control of IIC’s Board of
Directors and responsible officers, Liberty Mutual may handle all matters and issues
relating to IIC’s real estate purchases, sales, leases and lease-backs.
	 
	 	F.	 	Legal. Subject to the direction and control of IIC’s Board of Directors and
responsible officers, Liberty Mutual may provide legal services, including litigation
management services, to or on behalf of IIC.
	 
	 	G.	 	General Administration. Providing all personnel, equipment, data processing programs,
materials and supplies necessary or desirable for the performance of the services
contemplated in this Agreement.
	 
	 	H.	 	Miscellaneous. Subject to the direction and control of IIC’s Board of Directors and
responsible officers, Liberty Mutual may perform such other services on behalf of IIC as
it may desire, and as may be mutually agreed to between Liberty Mutual and IIC.

	II.
	 	Charges. IIC shall reimburse Liberty Mutual for the reasonable cost
of performing any of the services provided pursuant to this
Agreement. Charges for such services shall include direct expenses
and directly allocable expenses allocated to IIC by Liberty Mutual in
conformity with customary insurance accounting practices consistently
applied. The method of expense allocations under this Agreement shall
be consistent with the principles stated in the Statement of
Statutory Accounting Principles No. 70, “Allocation of Expenses.”
	 
	III.	 	Accounts and Disbursements. Amounts owing between the parties shall
be settled between the parties on a monthly basis, unless otherwise
agreed to between the parties, provided, however, that the parties
shall settle all amounts owing on at least a calendar quarterly
basis.
	 
	IV.	 	Confidentiality. Liberty Mutual and IIC are prohibited from
disclosing or communicating to any other person, not a party to this
Agreement, any confidential or proprietary information or trade
secrets relating to the parties’ respective business or relating to
any affiliate or agency of any party to this Agreement, including
business methods and techniques, research data, marketing and sales
information, customer lists, know-how and any other information
concerning the business operations of any party of this Agreement, or
any such party’s affiliates and subsidiaries, unless the disclosure
of communication of such information has been consented to in writing
by the party whose confidential and propriety

 

 

	 	 	information or trade secrets is to be released. Confidential and proprietary information shall
not include (a) information generally known to the public, (b) information known to Liberty
Mutual or IIC to be non-confidential from other, third party, sources prior to the execution of
this Amendment, and (c) information required to be disclosed by law or a state or federal
governmental agency having authority over the business of Liberty Mutual or IIC, but only for
the limited purpose of such disclosure.
	 
	V.	 	Standards for Performance of Delegated Administrative and Management Functions.

	 	A.	 	At all times during the term of the Agreement, Liberty Mutual shall perform all
delegated administrative and management functions at a level that is at least equal to its
standards for performing such functions on behalf of its own insurance operations. In
addition, all delegated administrative and management functions shall be performed in
accordance with, and subject to, at all times, the relevant and applicable state (or
federal) insurance laws and regulations to which IIC’s insurance operations are, or may
be, subject.
	 
	 	B.	 	In the event that Liberty Mutual receives a notice from any governmental agency,
board, bureau, commission or public authority of any type, of any alleged violation of any
state or federal insurance law, such notice shall immediately be forwarded to IIC. Liberty
Mutual shall cooperate in responding to any such governmental notice as such notice
relates to its rendering of services under the Agreement.

	VI.	 	Term and Termination.

	 	A.	 	Term. This Agreement shall be effective as of the 15th day of December, 2001 and
shall continue in full force and effect until terminated in accordance with subsection B,
below. In the event that this Agreement is required to be approved by any state Department
of Insurance, any request for such approval shall seek an effective date that mirrors the
date expressed above
	 
	 	B.	 	Termination.
	 
	 	1.	 	Termination without Cause. This Agreement may be terminated, in whole or in relevant
part, as appropriate, by IIC or Liberty Mutual, without cause, upon ninety (90) days prior
written notice. The terminating party shall provide the applicable state Department(s) of
Insurance with written notification of any whole or partial termination of this Agreement,
as may be appropriate, in accordance with state law requirements.
	 
	 	2.	 	Termination with Cause. This Agreement may be terminated immediately, in relevant
parts or in its entirety, as appropriate, for the following reasons:

	 	(a)	 	Material failure by Liberty Mutual to perform the services delegated in
accordance with the standards set forth in this Agreement; provided, however, that
upon notification by IIC that the services so delegated are not being performed in an
appropriate or satisfactory manner, Liberty Mutual shall have thirty (30) days in
which to cure the deficiency. In the event the deficiency is not cured to the
satisfaction of IIC, IIC may immediately terminate this Agreement.
	 
	 	(b)	 	nonpayment of costs by a delegating party to the party performing the
services so delegated.
	 
	 	(c)	 	The suspension, revocation or other restriction on the insurance license of
either IIC or Liberty Mutual.
	 
	 	(d)	 	The insolvency, voluntary or involuntary bankruptcy, reorganization or
liquidation of either IIC or Liberty Mutual.

 

 

	 	(e)	 	In the event of (i) the acquisition of IIC by a third party from Liberty Mutual;
or (ii) any other change in control which causes Liberty Mutual to no longer maintain
a majority on the Board of Directors of IIC, then this Agreement shall terminate with
respect to IIC as of the effective date of the change of control.

	 	C.	 	Effect of Termination. In the event that this Agreement is terminated, with, or
without, cause, in whole or in part, as appropriate, the relevant services shall continue
to be provided by Liberty Mutual until alternate arrangements reasonably can be made by
IIC (the “Transition Services”); provided, however, that the Transition Services shall not
be required to be provided for a period of time extending beyond ninety (90) days from the
effective date of termination, unless otherwise agreed to by the parties. In the event
that this Agreement is terminated, in whole or in part, as appropriate, for any reason
other than those relating to change of control as described in Section VI.B.2(e), above,
all such Transition Services shall continue to be compensated for on a cost basis. In the
event that this Agreement is terminated for reasons specified in Section VI.B.2(e), above,
all such Transition Services shall be compensated for at the then-prevailing market rate
for the provision of such services.

	VII.	 	Indemnification.

	 	A.	 	Liberty Mutual Indemnification of IIC. Liberty Mutual shall indemnify, defend and
hold harmless IIC from and against any expenses, damages, liability, actions, costs or
other claims, including but not limited to reasonable attorney’s fees and associated
costs, incurred by IIC either (i) as a result of the failure of Liberty Mutual or any
subcontractor appointed by Liberty Mutual to comply with any law or administrative
regulation, only if such failure is the result of willful neglect or gross negligence, or
(ii) as a result of, or in connection with, Liberty Mutual’s breach of any duty or
obligation hereunder or the breach of any duty or obligation of any subcontractor
appointed by Liberty Mutual if such breach is the result of willful neglect or gross
negligence. IIC may set off against any amount due Liberty Mutual any amount due to IIC,
pursuant to this or any other agreement to which the parties to this indemnification are
also parties.
	 
	 	B.	 	IIC’s Indemnification of Liberty Mutual. IIC shall indemnify Liberty Mutual and hold
Liberty Mutual harmless from all actions, liabilities, costs and expenses arising out of
or in any way related to Liberty Mutual’s services under this Agreement, unless directly
related to Liberty Mutual’s willful neglect or gross negligence.

	VIII.	 	No Waiver. The parties hereto agree that no indulgence or acceptance of any delinquent or
partial payment or ratification after the fact of any violation or breach of any provision of
this Agreement by any party hereto shall be construed as a waiver of any party’s rights
hereunder.
	 
	IX.	 	Notices. Any notice required to be given pursuant to any provision of this Agreement shall be
in writing and shall be sent to the parties at their respective last known address by first
class mail, postage prepaid, by overnight delivery service, or by confirmed facsimile
transmission.
	 
	X.	 	Severability. If any provision of this Agreement is held invalid or unenforceable, such
invalidity or unenforceability shall not affect any other provision, and the Agreement shall
be construed and enforced as if that provision had not been included.

 

 

	XI.	 	Amendment. This Agreement may only be amended upon the written agreement of both parties hereto.
	 
	XII.	 	Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but
all of which together, shall be considered one and the same.
	 
	XIII.	 	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of
Massachusetts (without application of the conflict of laws principles thereof).

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement under seal
as of the day and year first above written.

	 	 	 	 	 	 	 	 

	Liberty Mutual Insurance Company	 	Indiana Insurance Company	 
	 
	 	 	 	 	 	 	 
	/s/ J. Paul Condrin, III	 	/s/ James F. Dore	 
	 	 	 	 
	By:

	 	J. Paul Condrin, III
	 	By:
	 	James F. Dore	 
	Its:

	 	CFO
	 	Its:
	 	CFO and SVP	 

 

 

AMENDMENT NO. 1

(the “Amendment”)

TO

MANAGEMENT SERVICES AGREEMENT

(the “Agreement”)

by and between

LIBERTY MUTUAL INSURANCE COMPANY (“Manager”) and INDIANA INSURANCE COMPANY (“Company”);
(hereinafter together called the “Parties”).

WHEREAS, the Parties: entered into the Agreement for Manager to provide various services effective
December 15, 2001.

WHEREAS, the Parties deem it necessary to amend certain provisions of the Agreement with respect to
settlement of amounts due between them.

NOW, THEREFORE, the Parties hereto agree to amend the Agreement, as follows:

Section III of the Agreement is amended and restated as follows:

III. Accounts and Disbursements. Amounts owing between the parties shall be settled
between the parties on a quarterly basis and payments of amounts owing shall be made
within 45 days after the end of the calendar quarter.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment No. 1 to the Agreement, effective
as of the 31st day of December, 2007 to be executed by their respective duly authorized officers.

	 	 	 	 	 	 	 	 

	Liberty Mutual Insurance Company	 	Indiana Insurance Company	 
	 
	 	 	 	 	 	 	 
	/s/ John D. Doyle	 	/s/ James F. Dore	 
	 	 	 	 
	By:

	 	John D. Doyle
	 	By:
	 	James F. Dore	 
	Its:

	 	Vice President and Comptroller
	 	Its:
	 	Chief Financial Officer	 

 

 

Indiana Insurance Company

350 E. 96th Street

Indianapolis, IN 46240

October 13, 2005

RE: Letter Agreement Regarding Reinsurance Services

          This letter will confirm that, effective as of December 15, 2001, Liberty Mutual Insurance
Company’s performance of the following services for and on behalf of Indiana Insurance Company is
encompassed by the terms of the Management Services Agreement dated as of December 15, 2001 between
the parties:

          Reinsurance services: including, but not limited to (i) agreement to reinsurance policy and/or
contract wordings and endorsements to existing policies; (ii) processing of reinsurance policy
cancellations, nonrenewals and endorsements and other amendatory addenda; (iii) collection of
premiums due under reinsurance policies or contracts, audits and remittances; (iv) negotiation and
purchase of reinsurance coverage; (v) administration of letters of credit and other arrangements
for the provision of security; and (vi) administration of reinsurance contracts.

	 	 	 	 

	/s/ James R. Pugh

	 	/s/ James F. Dore
	 
	 

	 	 	 
	James R. Pugh, Asst. Secretary

	 	James F. Dore, Chief Financial Officer	 
	 
	 	 	 
	Liberty Mutual Insurance Company

	 	Indiana Insurance Companyexv10w45

EXHIBIT 10.45

MANAGEMENT SERVICES AGREEMENT

This Management Services Agreement (the “Agreement”) is made and entered into this 1st
day of January 2006, by and between Liberty Mutual Insurance Company (“Liberty Mutual”), a
Massachusetts stock insurance company and Liberty Northwest Insurance Corporation (“LNW”), an
Oregon stock property and casualty insurance company.

I. Performance of Services. Liberty Mutual agrees, to the extent requested by LNW, to perform such
services (collectively, “services”) for LNW as LNW determines to be reasonably necessary or
desirable in the conduct of its operations; provided, however, that Liberty Mutual may, in its sole
discretion, decline to provide any of the services contemplated in this Agreement if providing the
requested services would interfere with Liberty Mutual’s ability to meet its obligations to its
policyholders or would otherwise adversely affect Liberty Mutual. All services provided under this
Agreement shall comply with all applicable state laws and regulations governing LNW, including all
laws and regulations relating to review of LNW’s books and records. As may be necessary for the
performance of Liberty Mutual’s services under this Agreement, Liberty Mutual shall have the
authority to negotiate or conclude contracts on behalf of LNW or bind LNW to any such contracts.

The listing of the following services to be performed under this Agreement is not intended to limit
the performance of other services that maybe provided by Liberty Mutual to or on behalf of LNW, as
may be agreed to by the parties from time to time:

A. Accounting, financial, tax and auditing. Subject to the direction and control of LNW’s Board of
Directors and responsible officers, Liberty Mutual shall provide LNW with such financial and
accounting services as maybe desirable, including:

     1. Preparation and maintenance of annual and quarterly financial statements and other reports
providing information required by the state of domicile and other states in which LNW is
transacting business, the maintenance of necessary and proper records and books of account with
respect to the business of LNW, and the maintenance and compilation of all data required for the
preparation of tax returns.

     2. Assistance to LNW in connection with the examination or audit of the books, records,
affairs and activities of LNW by governmental, insurance or taxing authorities having regulatory or
taxing authority with respect to the operations of LNW, or by any firm of certified public accounts
appointed by LNW to audit its books, records and accounts.

     3. Assistance to LNW with treasury and accounts payable functions as may be determined between
the parties. LNW shall certify to Liberty Mutual the names and specimen signatures of all officers
or employees of LNW who are authorized to sign instructions on its behalf. Liberty Mutual shall
have the right to require that all instructions made in connection with this Agreement meet its
satisfaction as to content, form and authenticity.

 

 

Nothing in this Agreement shall be construed to alter the fact that LNW’s books records and
accounts are owned by LNW; and LNW shall have the right to inspect, or authorize others to inspect,
its books, records and accounts.

B. Purchasing, payroll and employee benefits. Subject to the direction and control of LNW’s Board
of Directors and responsible officers, Liberty Mutual shall provide LNW with such services
involving purchasing (including access to group purchasing contracts and fleet management
services), payroll processing, and employee relations and/or benefits as may be permissible and
desirable.

C. Information Technology and Support. Subject to the direction and control of LNW’s Board of
Directors and responsible officers, Liberty Mutual shall provide the technology infrastructure,
information technology systems, software, data center management, network management services,
monitoring, management/oversight, and support services to LNW and shall provide trouble-shooting
functions on behalf of LNW.

D. Policy Administration and Production. Subject to the direction and control of LNW’s Board of
Directors and responsible officers, Liberty Mutual may perform all policy production, print and
mail activities on LNW’s behalf for all the states in which LNW currently operates and in which it
may operate in the future.

E. Real Estate Management. Subject to the direction and control of LNW’s Board of Directors and
responsible officers, Liberty Mutual may handle all matters and issues relating to LNW’s real
estate purchases, sales, leases and lease-backs.

F. Legal. Subject to the direction and control of LNW’s Board of Directors and responsible
officers, Liberty Mutual may provide legal services, including litigation management services, to
or on behalf of LNW.

G. General Administration. Providing all personnel, equipment, data processing program, materials
and supplies necessary or desirable for the performance of the services contemplated in this
Agreement.

H. Miscellaneous. Subject to the direction and control of LNW’s Board of Directors and responsible
officers, Liberty Mutual may perform such other services on behalf of LNW as it may desire, and as
maybe mutually agreed to between Liberty Mutual and LNW.

J. Reinsurance. Reinsurance services including, but not limited to (i) agreement to reinsurance
policy and/or contract wordings and endorsements to existing policies; (ii) processing of
reinsurance policy cancellations, nonrenewals and endorsements and other amendatory addenda; (iii)
collection of premiums due under reinsurance policies or contracts, audits and remittances; (iv)
negotiation and purchase of reinsurance coverage; (v) administration of letters of credit and other
arrangements for the provision of security; and (vi) administration of reinsurance contracts.

 

 

II. Charges. LNW shall reimburse Liberty Mutual for the reasonable cost of performing any of the
services provided pursuant to this Agreement. Charges for such services shall include direct
expenses and directly allocable expenses allocated to LNW by Liberty Mutual in conformity with
customary insurance accounting practices consistently applied. The method of expense allocations
under this Agreement shall be consistent with the principles stated in the Statement of Statutory
Accounting Principles No. 70, “Allocation of Expenses.”

III. Accounts and Disbursements. Amount owing between the parties shall be settled between the
parties on a monthly basis, unless otherwise agreed to between the parties, provided, however, that
the parties shall settle all amounts owing on at least a calendar quarterly basis.

IV. Confidentiality. Liberty Mutual and LNW are prohibited from disclosing or communicating to any
other person, not a party to this Agreement, any confidential or proprietary information or trade
secrets relating to the parties’ respective business or relating to any affiliate or agency of any
party to this agreement, including business methods and techniques, research data, marketing and
sales information, customer lists, know-how and any other information concerning the business
operations of any party of this Agreement, or any such party’s affiliates and subsidiaries, unless
the disclosure of communication of such information has been consented to in writing by the party
whose confidential and propriety information or trade secrets is to be released. Confidential and
proprietary information shall not include (a) information generally known to the public, (b)
information known to Liberty Mutual or LNW to be non-confidential from other, third party, sources
prior to the execution of this Agreement, and (c) information required to be disclosed by law or a
state or federal governmental agency having authority over the business of Liberty Mutual or LNW,
but only for the limited purpose of such disclosure.

V. Standards for Performance of Delegated Administrative and Management Functions.

A. At all times during the term of the Agreement, Liberty Mutual shall perform all delegated
administrative and management functions at a level that is at least equal to its standards for
performing such functions on behalf of its own insurance operations. In additions, all delegated
administrative and management functions shall be performed in accordance with, and subject to, at
all times, the relevant and applicable state (or federal) insurance laws and regulations to which
LNW’s insurance operations are, or may be, subject.

B. In the event that Liberty Mutual receives a notice from any governmental agency, board, bureau,
commission or public authority of any type, of any alleged violation of any state or federal
insurance law, such notice shall immediately be forwarded to LNW. Liberty Mutual shall cooperate in
responding to any such governmental notice as such notice relates to its rendering of services
under the Agreement.

VI. Term and Termination.

A. Term. This Agreement shall be effective as of the 1st day of January 2006 and shall continue in
full force and effect until terminated in accordance with subsection B, below. In

 

 

the event that this Agreement is required to be approved by any state Department of Insurance, any
request for such approval shall seek an effective date that mirrors the date expressed above.

B. Termination.

1. Termination without Cause. This Agreement may be terminated, in whole or in relevant part, as
appropriate, by LNW or Liberty Mutual, without cause, upon ninety (90) days prior written notice.
The terminating party shall provide the applicable state Department(s) of Insurance with written
notification of any whole or partial termination of this Agreement, as may be appropriate, in
accordance with state law requirements.

2. Termination with Cause. This Agreement may be terminated immediately, in relevant part, as
appropriate, by LNW or Liberty Mutual, for the following reasons:

(a) Material failure by Liberty Mutual to perform the services delegated in accordance with the
standards set forth in this Agreement; provided, however, that upon notification by LNW that the
services so delegated are not being performed in an appropriate or satisfactory manner, Liberty
Mutual shall have thirty (30) days in which to cure the deficiency. In the event the deficiency is
not cured to the satisfaction of LNW, LNW may immediately terminate this Agreement.

(b) Nonpayment of costs by a delegating party of the party performing the services so delegated.

(c) The suspension, revocation or other restriction on the insurance license of either LNW or
Liberty Mutual.

(d) The insolvency, voluntary or involuntary bankruptcy, reorganization or liquidation of either
LNW or Liberty Mutual.

(e) In the event of (i) the acquisition of LNW by a third party from Liberty Mutual; or (ii) any
other change in control with causes Liberty Mutual to no longer maintain a majority on the Board of
Directors of LNW, then this Agreement shall terminate with respect to LNW as of the effective date
of the change of control.

C. Effect of Termination. In the event that this Agreement is terminated, with, or without, cause,
in whole or in part, as appropriate, the relevant services shall continue to be provided by Liberty
Mutual until alternate arrangements reasonably can be made by LNW (the “Transition Services”);
provided, however, that the Transition Services shall not be required to be provided for a period
of time extending beyond ninety (90) days from the effective date of termination, unless otherwise
agreed to by parties. In the event that this Agreement is terminated, in whole or in part, as
appropriate, for any reason other than those relating to change of control as described in Section
VI.B.2(e), above, all such Transition Services shall continue to be compensated for on a cost
basis. In the event that this Agreement is terminated for reasons specified in Section VI.B.2(e),
above, all such Transition Services shall be compensated for at the then-prevailing market rate for
the provision of such services.

 

 

VII. Indemnification.

A. Liberty Mutual Indemnification of LNW. Liberty Mutual shall indemnify, defend and hold harmless
LNW from and against any expenses, damages, liability, actions, costs or other claims, including
but not limited to reasonable attorney’s fees and associated costs, incurred by LNW either (i) as a
result of the failure of Liberty Mutual or any subcontractor appointed by Liberty Mutual to comply
with any law or administrative regulations, only if such failure is the result of willful neglect
or gross negligence, or (ii) as a result of, or in connection with, Liberty Mutual’s breach of any
duty or obligation hereunder or the breach of any duty or obligation of any subcontractor appointed
by Liberty Mutual if such breach is the result of willful neglect or gross negligence. LNW may set
off against any amount due Liberty Mutual any amount due to LNW, pursuant to this or any other
agreement to which the parties to this indemnification are also parties.

B. LNW’s Indemnification of Liberty Mutual. LNW shall indemnify Liberty Mutual and hold Liberty
Mutual harmless from all actions, liabilities, costs and expenses arising out of or in any way
related to Liberty Mutual’s services under this Agreement, unless directly related to Liberty
Mutual’s willful neglect or gross negligence.

VIII. No Waiver. The parties hereto agree that no indulgence or acceptance of any delinquent or
partial payment or ratification after the fact of any violation or breach of any provision of this
Agreement by any party hereto shall be construed as a waiver of any party’s rights hereunder.

IX. Notices. Any notice required to be given pursuant to any provision of this Agreement shall be
in writing and shall be sent to the parties at their respective last known address by first class
mail, postage prepaid, by overnight delivery service, or by confirmed facsimile transmission.

X. Severability. If any provision of this Agreement is held invalid or unenforceable, such
invalidity or unenforceability shall not affect any other provision, and the Agreement shall be
construed and enforced as if that provision had not been included.

XI. Amendment. This Agreement may only be amended upon the written agreement of both parties
hereto.

XII. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be
considered an original, but all of which together, shall be considered one and the same.

XIII. Governing Law. This Agreement shall be governed by and construed in accordance with the laws
of the Commonwealth of Massachusetts (without application of the conflict of laws principles
thereof).

 

 

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement under seal
as of the day and year first above written.

	 	 	 	 	 

	Liberty Mutual Insurance Company	 	 
	 
	 	 	 	 
	/s/ 	 	 
	 	 	 
	By:
	 	 	 	 
	Its:
	 	 	 	 
	 
	 	 	 	 
	Liberty Northwest Insurance Corporation	 	 
	 
	 	 	 	 
	/s/ Edmund C. Kenealy	 	 
	 	 	 
	By:

	 	Edmund C. Kenealy	 	 
	Its:

	 	Secretary	 	 

 

 

AMENDMENT NO. 1

(the “Amendment”)

TO

MANAGEMENT SERVICES AGREEMENT

(the “Agreement”)

by and between

LIBERTY MUTUAL INSURANCE COMPANY (“Manager”) and LIBERTY NORTHWEST INSURANCE CORPORATION
(“Company”); (hereinafter together called the “Parties”).

WHEREAS, the Parties entered into the Agreement for Manager to provide various services effective
January 1, 2006.

WHEREAS, the Parties deem it necessary to amend certain provisions of the Agreement with respect to
settlement of amounts due between them.

NOW, THEREFORE, the Parties hereto agree to amend the Agreement, as follows:

Section III of the Agreement is amended and restated as follows:

III. Accounts and Disbursements. Amounts owing between the parties shall be settled
between the parties on a quarterly basis and payments of amounts owing shall be made
within 45 days after the end of the calendar quarter.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment No. 1 to the Agreement, effective
as of the 31st day of December, 2007 to be executed by their respective duly authorized officers.

	 	 	 	 	 	 	 	 

	Liberty Mutual Insurance Company	 	Liberty Northwest Insurance Corporation	 
	 
	 	 	 	 	 	 	 
	/s/ John D. Doyle	 	/s/ James F. Dore	 
	 	 	 	 
	By:

	 	John D. Doyle
	 	By:
	 	James F. Dore	 
	Its:

	 	Vice President and Comptroller
	 	Its:
	 	Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]