Document:

Twelfth Amendment to the Proportional Reinsurance Agreement

 Exhibit (10)(I)(10) 

TWELFTH AMENDMENT 
 TO 
 HARLEYSVILLE MUTUAL INSURANCE COMPANY 

HARLEYSVILLE PREFERRED INSURANCE COMPANY 
 HARLEYSVILLE INSURANCE COMPANY OF NEW JERSEY 
 HARLEYSVILLE-ATLANTIC
INSURANCE COMPANY 
 HARLEYSVILLE WORCESTER INSURANCE COMPANY 

HARLEYSVILLE INSURANCE COMPANY OF NEW YORK 
 HARLEYSVILLE INSURANCE COMPANY OF OHIO 
 HARLEYSVILLE PENNLAND INSURANCE
COMPANY 
 HARLEYSVILLE LAKE STATES INSURANCE COMPANY 

HARLEYSVILLE INSURANCE COMPANY 
 PROPORTIONAL REINSURANCE AGREEMENT 
 This Twelfth Amendment to the
Proportional Reinsurance Agreement is entered into by and between HARLEYSVILLE MUTUAL INSURANCE COMPANY, HARLEYSVILLE PREFERRED INSURANCE COMPANY F/K/A HURON INSURANCE COMPANY, HARLEYSVILLE INSURANCE COMPANY OF NEW JERSEY, HARLEYSVILLE-ATLANTIC
INSURANCE COMPANY, HARLEYSVILLE WORCESTER INSURANCE COMPANY F/K/A WORCESTER INSURANCE COMPANY, HARLEYSVILLE INSURANCE COMPANY OF NEW YORK F/K/A NEW YORK CASUALTY INSURANCE COMPANY, HARLEYSVILLE INSURANCE COMPANY OF OHIO F/K/A GREAT OAKS INSURANCE
COMPANY, HARLEYSVILLE PENNLAND INSURANCE COMPANY F/K/A PENNLAND INSURANCE COMPANY, HARLEYSVILLE LAKE STATES INSURANCE COMPANY F/K/A LAKE STATES INSURANCE COMPANY and HARLEYSVILLE INSURANCE COMPANY F/K/A MINNESOTA FIRE AND CASUALTY COMPANY.

 This Amendment to the Proportional Reinsurance Agreement (“the Agreement”) between Harleysville Mutual Insurance
Company (“HMIC”), Harleysville Preferred Insurance Company, Harleysville Insurance Company of New Jersey, Harleysville-Atlantic Insurance Company, Harleysville Worcester Insurance Company, Harleysville Insurance Company of New York,
Harleysville Insurance Company of Ohio, Harleysville Pennland Insurance Company, Harleysville Lake States Insurance Company and Harleysville Insurance Company dated April 7, 1986, and amended June 30, 1987, December 30,
1988, November 22, 1989, March 19, 1990, August 9, 1993 (with revision dated August 2, 1994), March 16, 1995, March 18, 1996, March 3, 1997 (with Addendum dated March 3,
1997), March 4, 1998, January 7, 2008 and January 1, 2010 in which those companies created a common risk-sharing pool for their underwriting operations, has the following purposes: 

 

	 	A.	To cause HMIC to retain and not cede or retrocede, as the case may be, to the pool all workers compensation business written by HMIC and assumed by it from the other
pool members with respect to all workers compensation policies that are either first effective or which renew on or after January 1, 2011 and the unearned portion of the policies in-force on January 1,
2011.

	 	B.	To provide, upon the effective date of the termination of the Agreement, for the orderly run-off of all member company liabilities until the natural expiration or
earlier cancellation of all policies ceded to the pool as of the termination date. 

 In consideration of the mutual agreements
hereinafter set forth and contained in the Agreement, the parties hereby agree as follows: 
  

	1.	Paragraph 1.2 of Part III is deleted in its entirety and replaced by the following: 

 

	 	1.2	Commencing on the opening of business, HMIC will cede and the Subsidiaries will accept their proportionate share (as shown on Exhibit I) of the net liability on all
insurance thereafter written by HMIC, including the net liability on the business assumed by HMIC under Paragraph 1.1 above. Notwithstanding anything in this Paragraph to the contrary, HMIC will retain, and will not cede or retrocede as the case may
be to the Subsidiaries, one hundred percent (100%) of the net liability on all insurance classified by the companies as workers compensation business which is either written by HMIC or assumed by it under Paragraph 1.1 above on account of
policies which are either first effective or renewed on or after January 1, 2011 and with respect to losses that occur on or after that date with respect to workers compensation policies that are then in-force. 

 

	2.	Paragraph 1.3 of Part III is deleted in its entirety and replaced by the following: 

 

	 	1.3	The parties hereto agree that all net premiums, losses and expenses on all insurance written by HMIC and assumed by it under Paragraph 1.1. above, shall be pro-rated
between the parties in their proportionate share (as shown on Exhibit I). Notwithstanding anything in this Paragraph to the contrary, the parties agree that all net premiums, losses and expenses on all insurance classified by the companies as
workers compensation business written by HMIC and assumed by it under Paragraph 1.1 above on account of policies that are first effective or renewed on or after January 1, 2011 and with respect to the unearned portion of the in-force policies
as of January 1, 2011 shall be retained in their entirety by HMIC. In consideration of HMIC agreeing to retain all liabilities and expenses on account of all workers compensation losses that occur on or after January 1, 2011 on account of
workers compensation policies that are in-force as of that date and which HMIC assumes from the Subsidiaries under Paragraph 1.1 above, the Subsidiaries shall pay and HMIC shall retain one hundred percent (100%) of the Subsidiaries’ net
unearned premium reserve as of January 1, 2011 with respect to such policies less commission at a rate based upon the actual acquisition costs of such business on such date. 

	3.	Paragraph 2.2 is added to Part IV as follows: 

 2.2 At the termination effective date, each member reinsurer shall remain liable with respect to all policies in force at the effective date of the termination of this Agreement; however, the liability of
each member company shall cease with respect to a loss or loss occurrence with a date of loss subsequent to the natural expiration or prior cancellation of each policy ceded, whichever first occurs. Should any ceded policy that is in-force as of the
effective date of termination be extended or continued due to regulatory or other legal restrictions, this Agreement shall continue to apply to cover such policies until those policies naturally expire or are cancelled prior thereto and such
regulatory or other legal restrictions no longer apply. 
  

	4.	This Twelfth Amendment and the Agreement shall be governed by the laws of the Commonwealth of Pennsylvania. 

 

	5.	No assignment, amendment, modification, or termination of the Proportional Reinsurance Agreement, this Twelfth Amendment or any of the amendments thereto shall be
effective unless such assignment, amendment, modification or termination is (i) filed with the domiciliary regulator(s) at least 30 days prior to the proposed effective date, (ii) not disapproved by the domiciliary regulators,
(iii) made in writing, and (iv) signed by the parties hereto. 

  

	6.	The Effective Date of this Twelfth Amendment shall be January 1, 2011. 

 

	7.	All other terms and conditions of the Proportional Reinsurance Agreement, as amended from time to time, shall remain the same. 

IN WITNESS WHEREOF, the parties hereto have caused this Twelfth Amendment to the Proportional Reinsurance Agreement to be executed by their duly
authorized respective officers on this      day of December, 2010. 
  

							
	ATTEST:	 		 	 HARLEYSVILLE MUTUAL INSURANCE COMPANY

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE PREFERRED INSURNANCE COMPANY

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE INSURANCE COMPANY OF NEW JERSEY

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE-ATLANTIC INSURANCE COMPANY

				
	  
	 		 	BY:	 	  

							
	ATTEST:	 		 	 HARLEYSVILL WORCESTER INSURANCE COMPANY

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE INSURANCE COMPANY OF NEW YORK

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE INSURANCE COMPANY OF OHIO

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE PENNLAND INSURANCE COMPANY

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE LAKE STATES INSURANCE COMPANY

				
	  
	 		 	BY:	 	  

			
	ATTEST:	 		 	 HARLEYSVILLE INSURANCE COMPANY

				
	  
	 		 	BY:Fourth Amendment to Lease Agreement

 Exhibit (10)(J)(3) 

FOURTH AMENDMENT TO LEASE AGREEMENT 

THIS FOURTH AMENDMENT TO AGREEMENT OF LEASE (hereinafter “Fourth Amendment”) is effective as of the
1st day of January, 2011 between Harleysville, Ltd., a
Pennsylvania limited partnership (hereinafter “Lessor”), and Harleysville Mutual Insurance Company, a Pennsylvania insurance corporation doing business at 355 Maple Avenue, Harleysville, PA 19438 (hereinafter “Lessee”).

 WITNESSETH: 
 WHEREAS, Lessor and Lessee entered into a Lease Agreement dated as of January 1, 1995, for all that certain parcel of land, together with buildings and improvements erected thereon as set forth in
Exhibit “A” to the Lease, which was amended by an Amendment to Lease Agreement dated as of January 1, 2000, and which was further amended by the Second Amendment to Lease Agreement dated as of January 1, 2005, and the Third
Amendment to Lease Agreement dated as of January 1, 2010 (collectively the “Lease”); and, 
 WHEREAS, Lessor and
Lessee desire to amend the Lease with regard to continuing its term for another year. 
 NOW, THEREFORE, the parties hereto, for
the mutual promises hereinafter contained, intending to be legally bound, do hereby agree as follows: 
  

	1.	Section 2 of the Lease shall be deleted in its entirety and the following substituted in its place: 

“The term of this Lease shall be from January 1, 2011 to December 31, 2011.” 

 

	2.	All terms, conditions, and provisions of the Lease shall remain the same and are hereby ratified and confirmed, except as amended herein. 

  
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 IN WITNESS WHEREOF, the Lessor and the Lessee have set their hands and seals the day and
year first above written. 
  

									
		 		 		 	Lessor: HARLEYSVILLE, LTD.
		 		 		 	BY:	 	HARLEYSVILLE GROUP INC., General Partner
					
	Attest:	 	  
	 		 	BY:	 	  

		 	David W. Galloway, III	 		 		 	Arthur E. Chandler
		 	Vice President and	 		 		 	Senior Vice President and CFO
		 	Associate General Counsel	 		 		 	
					
		 		 		 	BY:	 	HARLEYSVILLE PREFERRED INSURANCE
		 		 		 		 	COMPANY, Limited Partner
					
	Attest:	 	  
	 		 	BY:	 	  

		 	David W. Galloway, III	 		 		 	David K. Bond
		 	Assistant Secretary	 		 		 	Vice President
					
		 		 		 	BY:	 	HARLEYSVILLE WORCESTER INSURANCE
		 		 		 		 	COMPANY, Limited Partner
					
	Attest:	 	  
	 		 	BY:	 	  

		 	David W. Galloway, III	 		 		 	David K. Bond
		 	Assistant Secretary	 		 		 	Vice President
				
		 		 		 	Lessee:
		 		 		 	HARLEYSVILLE MUTUAL INSURANCE COMPANY
					
	Attest:	 	  
	 		 	BY:	 	  

		 	David W. Galloway, III	 		 		 	Mark R. Cummins
		 	Vice President and	 		 		 	Executive Vice President,
		 	Associate General Counsel	 		 		 	Chief Investment Officer & Treasurer

  
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