Document:

EXHIBIT 10.6

March ___, 2006

North American Insurance Leaders, Inc.
885 Third Avenue, 31st Floor
New York, NY  10022

CRT Capital Group LLC
262 Harbor Drive, 3rd Floor
Stamford, CT  06902

Form of Insider's Letter Agreement (Directors and Officers)
-----------------------------------------------------------

Ladies and Gentlemen:

         This letter agreement (the "Letter Agreement") is being delivered to
you in accordance with the Underwriting Agreement (the "Underwriting Agreement")
to be entered into by and between North American Insurance Leaders, Inc., a
Delaware corporation (the "Company"), and CRT Capital Group LLC (the
"Underwriter"), relating to an underwritten initial public offering (the "IPO")
of the Company's units (the "Units"), each comprised of one share of the
Company's common stock, par value $0.0001 per share (the "Common Stock"), and a
warrant, exercisable for one share of Common Stock (each, a "Warrant"). Certain
capitalized terms used herein are defined in paragraph 14 hereof.

         In order to induce the Company and the Underwriter to enter into the
Underwriting Agreement and to proceed with the IPO, and in recognition of the
benefit that such IPO will confer upon the undersigned as a director and/or
stockholder of the Company, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby
agrees with the Company and the Underwriter as follows:

         1. Voting for Business Combination. If the Company solicits approval of
its stockholders of a Business Combination, the undersigned shall vote all
shares of Common Stock, including Insider Shares and IPO Shares, owned by
him/her or controlled by him/her in accordance with the majority of the votes
cast by the Public Holders.

         2. Voting for Amendment. If the Company solicits approval of its
stockholders of an amendment to Article VI of its Second Amended and Restated
Certificate of Incorporation, the undersigned will vote all shares of Common
Stock, including Insider Shares and IPO Shares, owned by him/her in accordance
with the majority of the votes cast by the Public Holders.

         3. Liquidation. In the event that the Company fails to consummate a
Business Combination within 18 months from the effective date ("Effective Date")
of the registration statement relating to the IPO or 24 months under the
circumstances described in the prospectus relating to the IPO (the first to
occur of such dates, the "Transaction Failure Date"), the undersigned shall take
all reasonable actions within his/her power to (i) cause the Trust Account to be
liquidated and distributed to the holders of the IPO Shares as soon as
practicable but in no event later than 60 (sixty) calendar days after the
Transaction Failure Date and (ii) cause the

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<PAGE>

Company to dissolve and liquidate as soon as practicable (the earliest date on
which the conditions in clauses (i) and (ii) are both satisfied being the
"Liquidation Date").

         4. Waiver of Claims. The undersigned hereby waives any and all right,
title, interest or claim of any kind in or to any distributions of the Trust
Account as a result of such distribution, or to any other amounts distributed in
connection with a liquidating distribution of the Company with respect to
his/her status as a director or his/her Insider Shares ("Claim") and hereby
waives any Claim the undersigned may have in the future as a result of, or
arising out of, any contracts or agreements with the Company and shall not seek
recourse against the Trust Account for any reason whatsoever; provided that such
waiver shall not be construed to prevent the undersigned from seeking
reimbursement of his/her out-of-pocket expenses incurred on behalf of the
Company from funds, if any, not deposited in the Trust Account. Subject to the
proviso in the prior sentence, the undersigned hereby agrees that the Company
shall be entitled to reimbursement from the undersigned for any distribution of
the Trust Account, or any other amounts distributed by the Company in connection
with a liquidating distribution, received by the undersigned in respect of such
person's Insider Shares.

         5. Indemnification. The undersigned, on a joint and several basis,
agrees to indemnify and hold harmless the Company against any and all legal or
other expenses (including, but not limited to, any and all legal or other
expenses reasonably incurred in investigating, preparing or defending against
any litigation, whether pending or threatened, or any such claim) to which the
Company may become subject as a result of (i) any claim by any vendor or other
person who is owed money by the Company for services rendered or products sold,
or (ii) any claim by any target business that the Company did not pay or
reimburse such target for the fees and expenses of third party providers of
services (such as accountants, consultants and attorneys) to the target that the
Company agreed in writing with the target to be liable for, in each case in
accordance with the terms of such agreement, but only to the extent necessary to
ensure that such loss, liability, claim, damage or expense does not reduce the
amount in the Trust Account (or, in the event that such claim arises after the
distribution of the Trust Account, to the extent necessary to ensure that the
Company's former stockholders other than the undersigned are not liable for any
amount of such loss, liability, claim, damage or expense). These indemnification
obligations shall remain in place even if the period within which to consummate
a business combination is extended by an amendment to Article VI of the Amended
and Restated Certificate of Incorporation.

         6. Corporate Opportunities. The undersigned agrees to present to the
Company for its consideration, prior to presentation to any other person or
entity, any suitable opportunity for a Business Combination in accordance with
the Corporate Opportunity Conflict of Interest Policy.

         7. Affiliate Transactions. The undersigned acknowledges and agrees that
the Company will not consummate any Business Combination which involves a
company which is affiliated with any of the Insiders or their respective
affiliates unless the Company obtains an opinion from an independent, nationally
recognized investment banking, valuation or appraisal firm that the business
combination is fair to the Company's stockholders from a financial perspective.

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<PAGE>

         8. No Compensation. Neither the undersigned, any member of the family
or designee of the undersigned, nor any affiliate of the undersigned shall be
entitled to receive, and shall not accept, any compensation for services
rendered to the Company prior to or in connection with the consummation of the
Business Combination; provided that commencing on the effective date of the IPO,
Ampton Investments, Inc. (a "Related Party") shall be allowed to receive from
the Company an aggregate of $10,000 per month pursuant to the Office
Administration Agreement dated as of March ___, 2006, between the Company and
Ampton Investments, Inc., to compensate it for the Company's use of Related
Party's offices, office equipment, utilities and personnel. The undersigned
shall also be entitled to reimbursement from the Company, and the Company shall
pay the undersigned, for reasonable out-of-pocket expenses incurred in
connection with seeking and consummating a Business Combination.

         9. No Finder's Fee. Neither the undersigned, any member of the family
of the undersigned, nor any affiliate of the undersigned shall be entitled to
receive, or accept, a finder's fee or any other compensation in the event the
undersigned, any member of the family of the undersigned or any affiliate of the
undersigned originates a Business Combination.

         10. Escrow of Insider Shares. The undersigned shall escrow his/her
Insider
Shares for the three-year period commencing on the Effective Date subject to the
terms of a Stock Escrow Agreement which the Company will enter into with an
escrow agent acceptable to the Company.

         11. Lock-Up of D&O Rights and D&O Warrants.

                  (a) The undersigned shall not (i) sell, offer to sell,
contract or agree to sell, hypothecate, pledge, grant any option to purchase or
otherwise dispose of or agree to dispose of, directly or indirectly, or file (or
participate in the filing of) a registration statement with the SEC in respect
of, or establish or increase a put equivalent position or liquidate or decrease
a call equivalent position within the meaning of Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the SEC
promulgated thereunder (the "Exchange Act") with respect to, any D&O Rights or
D&O Warrants, (ii) enter into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of
D&O Rights or D&O Warrants, or (iii) publicly announce an intention to effect
any transaction specified in clause (i) or (ii) (collectively, "Transfer") until
the later of (x) one year from the date of this Agreement or (y) the
consummation of an initial business combination (as more fully described in the
Registration Statement) (collectively, the "Lock-Up Period"), except by will in
the event of their death, provided that the transferees receiving such D&O
Rights or D&O Warrants will be subject to the same sale restrictions imposed on
the undersigned who initially purchased the D&O Rights from the Company. In
order to enforce this covenant, the undersigned agrees, if requested by the
Underwriter, to deposit the D&O Rights and D&O Warrants in an account to be
established at the Underwriter.

                  (b) The undersigned agrees that during the Lock-Up Period the
certificates representing such D&O Rights or D&O Warrants, as the case may be,
owned by the undersigned shall bear the following legend set forth:

     "THE [D&O RIGHTS] [D&O WARRANTS] REPRESENTED BY THIS CERTIFICATE ARE
     SUBJECT TO RESTRICTIONS ON TRANSFER AND SALE

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<PAGE>

     PURSUANT TO A LETTER AGREEMENT DATED __________, 2006 (A COPY OF WHICH MAY
     BE OBTAINED FROM THE COMPANY AT ITS EXECUTIVE OFFICES), WHICH RESTRICTS THE
     TRANSFER OR SALE THEREOF UNTIL THE LATER OF [__________], 2007 OR THE DATE
     OF A BUSINESS COMBINATION (AS DEFINED IN SUCH AGREEMENT)."

         12. D&O Questionnaires. The undersigned agrees to be [President,
Chairman of the Board of Directors, Executive Vice President, Director] until
the earlier of the consummation by the Company of a Business Combination or the
Liquidation Date. On the effective date of the Registration Statement on Form
S-1 filed by the Company with the Securities and Exchange Commission, the
undersigned's biographical information included therein shall be true and
accurate in all respects, and shall contain all of the information required to
be disclosed pursuant to Section 401 of Regulation S-K, promulgated under the
Securities Act of 1933. The undersigned's answers to the questionnaires
furnished to the Company and the Underwriter and attached hereto as Exhibit A
are true and correct to the best of the undersigned's knowledge, information and
belief.

         13. Absence of Non-Competition Agreements. The undersigned has full
right and power, without violating any agreement by which he is bound
(including, without limitation, any non-competition or non-solicitation
agreement with any employer or former employer), to enter into this Letter
Agreement and serve in the capacity to which [he/she] has been elected by the
stockholders of the Company and the Board of Directors.

         14. Definitions. As used herein, (i) a "Business Combination" shall
mean the a merger, capital stock exchange, asset acquisition, stock purchase
and/or other similar transaction with one or more insurance or insurance
services businesses in North America; (ii) "D&O Rights" shall mean the rights
convertible into warrants owned by the directors and officers (as more fully
described in the Registration Statement); (iii) "D&O Warrants" shall mean the
warrants issuable upon conversion of the D&O Rights (as more fully described in
the Registration Statement); (iv) "Insiders" shall mean all officers, directors
and stockholders of the Company immediately prior to the IPO; (v) "Insider
Shares" shall mean all of the shares of Common Stock of the Company owned by an
Insider prior to the IPO; (vi) "IPO Shares" shall mean the shares of Common
Stock issued in the Company's IPO; (vii) "Public Holders" shall mean the holders
of IPO Shares excluding the Insiders; and (viii) "Trust Account" shall mean the
Trust Account established under that certain Investment Management Trust
Agreement, dated as of the date hereof, between the Company and JPMorgan Chase
Bank, NA, as trustee.

         15. Governing Law. This Letter Agreement shall be governed by, and
interpreted and construed in accordance with, the laws of the State of New York.

         16. Amendments. No term or provision of this Letter Agreement may be
amended, changed, waived, altered or modified except by written instrument
executed and delivered by the party against whom such amendment, change, waiver,
alteration or modification is to be enforced.

         17. Termination. This Letter Agreement shall terminate on the earlier
of (i) the Business Combination Date and (ii) the Liquidation Date; provided
that such termination shall

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<PAGE>

not relieve the undersigned from liability for any breach of this agreement
prior to its termination, and provided further that Section 4 of this Letter
Agreement shall survive for one year following a termination pursuant to clause
(ii).

         The undersigned acknowledges and understands that the Underwriter and
the Company will rely upon the agreements, representations and warranties set
forth herein in proceeding with the IPO. Nothing contained herein shall be
deemed to render the Underwriter a representative of, or a fiduciary with
respect to, the Company, its stockholders, or any creditor or vendor of the
Company with respect to the subject matter hereof.

         This Letter Agreement shall be binding on the undersigned and such
person's respective successors, heirs, personal representatives, assigns and/or
designees.

         If any provision of this Letter, or the application of such provision
to any person or circumstance, shall be held invalid, the remainder of this
Letter, or the application of such provision to persons or circumstances other
than those to which it is held invalid, shall not be affected thereby.

                  [Remainder of page intentionally left blank.]

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<PAGE>

         This Letter Agreement is rendered to you in connection with the
transactions contemplated by the Underwriting Agreement. This Letter Agreement
may not be relied upon by you for any other purpose without our prior written
consent.

                                             -----------------------------------
                                             Name:
                                             Title:

Accepted and agreed:

NORTH AMERICAN INSURANCE LEADERS, INC.

By:
   ----------------------------
   Name:
   Title:

CRT CAPITAL GROUP LLC

By:
   ----------------------------
   Name:
   Title:

INSIDER'S LETTER (DIRECTORS & OFFICERS)

<PAGE>

                                    EXHIBIT A

                   [D&O Questionnaire and NASD Questionnaire]EXHIBIT 10.10

March ___, 2006

North American Insurance Leaders, Inc.
885 Third Avenue, 31st Floor
New York, NY  10022

FORM OF SHARE PURCHASE & SALE, D&O RIGHTS AND COMPANY CALL RIGHT
----------------------------------------------------------------

Ladies and Gentlemen:

         This letter agreement (the "Letter") is being delivered to you in
connection with the Registration Statement on Form S-1 (File No. 333-127871) (as
it may be amended and supplemented from time to time, the "Registration
Statement") filed by North American Insurance Leaders, Inc., a Delaware
corporation (the "Company"), with the Securities and Exchange Commission (the
"SEC") on August 26, 2005, relating to an initial public offering (the "IPO") of
the Company's units (the "Units"). Each Unit is comprised of one share of the
Company's common stock, par value $0.0001 per share (the "Common Stock"), and
one warrant exercisable for one share of Common Stock (each, a "Warrant") to be
underwritten by CRT Capital Group LLC (the "Underwriter").

         Each of the undersigned hereby agrees with the Company as follows:

I.       Share Purchase & Sale.

         A.        Purchase & Sale. Effective as of November 22, 2005, the
                   sellers (the "Sellers") listed on Schedule 1 hereto
                   collectively own all of the outstanding shares (the "Shares")
                   of Common Stock, and each of the Sellers agrees to sell,
                   transfer, convey, assign and deliver to E. Miles Prentice III
                   (the "Purchaser"), and the Purchaser agrees to purchase from
                   each of the Sellers, the proportionate amount of the right,
                   title and interest of each Seller in and to the Shares as set
                   forth in Schedule 2, free and clear of all liens subject to
                   certain restrictions (including restrictions on the right to
                   vote, transfer or otherwise dispose of such Shares).

         B.        Purchase Price. The aggregate purchase price for the Shares
                   is $73.06 ($0.0053333 per Share) payable in United States
                   funds to each of the Sellers in proportion to the number of
                   Shares purchased from each Seller.

         C.        Representations and Warranties of the Seller. Each of the
                   Sellers hereby represents and warrants as follows:

                   1.        The Seller has the requisite power and authority to
                             execute and deliver this Letter and to perform its
                             obligations hereunder and to consummate the
                             transactions contemplated hereby;

                   2.        All of the outstanding Shares of the Seller is
                             owned beneficially and of record by the Seller;

<PAGE>

                   3.        The Seller's Shares are free and clear of all liens
                             and encumbrances and the Seller has good and valid
                             title to the Seller's Shares and the right to
                             convey the its Shares in accordance herewith. Upon
                             delivery of this Letter, good and valid title to
                             the certain portion of the Seller's Shares, free
                             and clear of all liens and encumbrances, will pass
                             to the Purchaser; and

                   4.        Simultaneously with the delivery hereof, the Seller
                             shall return its original Share Certificate to the
                             Company to be re-issued evidencing that the certain
                             portion of the Seller's Shares is duly transferred
                             to the Purchaser.

         D.        Representations and Warranties of the Purchaser. The
                   Purchaser hereby represents and warrants he has the requisite
                   power and authority to execute and deliver this Letter and to
                   perform its obligations hereunder and to consummate the
                   transactions contemplated hereby.

         E.        Closing. The closing will take place at the offices of
                   Shearman & Sterling LLP, 599 Lexington Avenue, New York, New
                   York 10022, or at such other place as the Purchaser and the
                   Sellers mutually agree, at 10:00 A.M. local time, on the date
                   of this Letter. At the closing, on the terms and subject to
                   the conditions set forth in this Letter, the Purchaser will
                   pay to each of the Sellers the appropriate purchase price as
                   set forth in Schedule II by check or wire transfer of
                   immediately available funds to such account as Seller directs
                   by written notice delivered to Purchaser by Seller at least
                   two Business Days before the Closing Date. Simultaneously,
                   each of the Sellers will transfer, convey, assign and deliver
                   to the Purchaser all of Seller's right, title and interest in
                   and to that certain number of Shares by delivering to the
                   Purchaser such duly executed instruments of conveyance,
                   assignment and transfer, in form and substance reasonably
                   satisfactory to the Purchaser, as shall be effective to vest
                   in the Purchaser good, valid and marketable title to the
                   Shares, free and clear of all liens subject to certain
                   restrictions (including restrictions on the right to vote,
                   transfer or otherwise dispose of such Shares).

II.      D&O Rights.

         A.        Purchase Commitment. The Company agrees to issue and sell to
                   each of the undersigned directors and officers, their
                   affiliates and/or their designees, and each of the
                   undersigned directors and officers, their affiliates and/or
                   their designees agrees to purchase from the Company, an
                   aggregate of 1,700,000 rights ("D&O Rights") convertible into
                   warrants ("D&O Warrants"). Each D&O Right will be purchased
                   at a price of $1.00 per right on the closing date of IPO.

         B.        D&O Warrants. The D&O Rights will be automatically converted
                   into D&O Warrants on the 120th day following the effective
                   date of the IPO as described in the Registration Statement.
                   During the period prior to this automatic conversion and for
                   30 days thereafter, the undersigned agrees not to purchase,
                   sell or enter into any derivative security transaction with
                   respect to any of the Company's outstanding warrants. The
                   conversion ratio of D&O Rights into D&O Warrants will be
                   calculated by dividing $1.00 by the conversion price. The
                   conversion price is equal to the weighted average of all sale
                   prices of the warrants as reported on the American Stock
                   Exchange or elsewhere during the 20 trading

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<PAGE>

                   days prior to the conversion date. In no event will a D&O
                   Right be converted into more than three D&O Warrants.

         C.        Representations and Warranties. Each of the undersigned
                   hereby represents and warrants to the Company with respect to
                   himself or herself that: (1) the undersigned is an
                   "accredited investor" as that term is defined in Rule 501 of
                   Regulation D promulgated under the Securities Act; (2) the
                   D&O Rights and D&O Warrants are being acquired for the
                   undersigned's own account, only for investment purposes and
                   not with a view to, or for resale in connection with, any
                   distribution or public offering thereof within the meaning of
                   the Securities Act; and (3) the undersigned has the full
                   right, power and authority to enter into this Agreement and
                   this Agreement is a valid and legally binding obligation of
                   the undersigned enforceable against the undersigned in
                   accordance with its terms.

         D.        Payment. Payment for the D&O Rights shall be made to the
                   escrow account at JPMorgan Chase Bank, NA (the "Escrow
                   Account") by 12:00 P.M., New York time, on or before the
                   effective date of the IPO (the "Escrow Date") by wire
                   transfer in immediately available Federal funds payable for
                   each of the undersigned's accounts in accordance with
                   Schedule 3. Notwithstanding the foregoing, to the extent one
                   or more of the undersigned deposits less than the full amount
                   required to be paid by him or her (each, a "Partial D&O
                   Rights Holder") into the Escrow Account by the Escrow Date,
                   such Partial D&O Rights Holder agrees to sell to one or more
                   of the other holders of the Common Stock prior to the IPO
                   (the "Existing Stockholders"), and one or more of the
                   Existing Stockholders agree to purchase, at a price equal to
                   $0.0053333 per Share, that proportion of the Partial D&O
                   Rights Holder's Shares of Common Stock owned by him or her on
                   the Escrow Date that is equal to the percentage of the
                   outstanding payment due and not paid in respect of the D&O
                   Rights; provided that each of the Existing Stockholders who
                   purchases Shares from the Partial D&O Rights Holder agrees to
                   deposit into the Escrow Account that outstanding amount due
                   and not paid by the Partial D&O Rights Holder in proportion
                   to the percentage of such Shares purchased from the Partial
                   D&O Rights Holder.

         E.        Delivery. On the closing date of the IPO, the Company shall
                   deliver the D&O Rights to or for the account of each of the
                   undersigned in accordance with Schedule 1 and section II.C.
                   of this Letter.

         F.        Escrow Account. The $1.7 million proceeds received by the
                   Company for the D&O Rights shall be held in the Escrow
                   Account until the earliest to occur of (1) the closing of the
                   IPO, (2) the withdrawal of the Registration Statement or (3)
                   May 1, 2006. The proceeds in the Escrow Account shall only be
                   released in accordance with the following:

                   1.        Upon the closing of the IPO, the proceeds held in
                             the Escrow Account shall be immediately deposited
                             in the trust account at JPMorgan Chase Bank, N.A.
                             established by the Company for the benefit of its
                             public stockholders of the IPO Common Stock as
                             described in the Registration Statement. The $1.7
                             million proceeds will become part of the
                             liquidating distribution to the Company's public
                             stockholders in the event of liquidation prior to
                             the Company's initial business combination; or

                   2.        Upon May 1, 2006, or upon the withdrawal of the
                             Registration Statement prior to May 1, 2006, the
                             proceeds in the Escrow Account shall be released as
                             soon as practicable and disbursed to those persons
                             from whom such amounts in respect of the D&O Rights
                             were received.

         G.        Waiver of Claims; Indemnification. Each of the undersigned
                   hereby waives any and all rights to assert any present or
                   future claims, including any right of rescission, against the
                   Company, or the underwriters in the IPO with respect to his
                   or her purchase of the D&O Rights, and each of the
                   undersigned agrees jointly and severally to indemnify and
                   hold the Company, and the underwriters in the IPO harmless
                   from all losses, damages or expenses that relate to claims or
                   proceedings brought against the Company, or the underwriters
                   by any of the undersigned or their transferees, heirs,
                   assigns or any subsequent holders of the D&O Rights.

III.     Company Call Right. In the event that the Underwriter does not exercise
         all or a portion of the Over-allotment Option, the Company will have a
         right to purchase up to 468,750 shares of Common Stock (the "Call
         Right"), subject to adjustment, from the Existing

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<PAGE>

         Stockholders. The Company shall exercise this Call Right to purchase
         shares only in an amount sufficient to cause the Existing Stockholders
         to maintain control over 20% of Common Stock then outstanding after
         giving effect to the Offering and the exercise, if any, of the
         Over-Allotment Option. The Call Right shall be exercisable for a
         five-day period following expiration or termination of the
         Over-Allotment Option, and the price for each share of Common Stock
         pursuant to this Call Right shall be $0.0046 per share, subject to
         adjustment.

IV.      Miscellaneous.

         A.        Affiliates and Designees. Each of the undersigned may notify
                   the Company that all or part of his or her D&O Rights
                   purchase commitment will be made by an affiliate of the
                   undersigned (or another person or entity introduced to the
                   Company by the undersigned (a "Designee"), and in such event,
                   the Company will sell such D&O Rights to said affiliate or
                   Designee; provided, however, that each of the undersigned
                   hereby agrees to make payment of the purchase price of such
                   D&O Rights purchase in the event that the affiliate or
                   Designee fails to make such payment.

         B.        Requests from the Division. Upon request of the Division of
                   Market Regulation (the "Division") of the SEC, each of the
                   undersigned agrees to make himself or herself available to
                   respond to inquiries from the Division regarding purchases of
                   D&O Rights, conversions of D&O Rights into D&O Warrants
                   and/or the exercise of D&O Warrants for shares of Common
                   Stock.

         C.        Transfer Restrictions. Each of the undersigned shall not
                   offer, pledge, sell, transfer or otherwise dispose of,
                   either directly or indirectly, any Shares, D&O Rights or D&O
                   Warrants until after the later of one year or the
                   consummation of an initial business combination in
                   accordance with the Insider Letter, dated as of March ___,
                   2006 by and among the Company's directors and officers,
                   their affiliates and/or their designees, the Company and the
                   Underwriter. Notwithstanding the foregoing, the purchasers
                   of the Shares or D&O Rights are permitted to effect the
                   following transfers of the Shares, D&O Rights or D&O
                   Warrants: (a) transfers resulting from the death of any of
                   the purchasers, (b) transfers by operation of law, (c) any
                   transfer for estate planning purposes to persons immediately
                   related to the transferor by blood, marriage or adoption, or
                   (d) transfers to any trust solely for the benefit of such
                   transferor and/or the persons described in the preceding
                   clause; provided that the transferees receiving such Shares,
                   D&O Rights or D&O Warrants will be subject to the same sale
                   restrictions imposed on the Company's directors and
                   officers, their affiliates and/or their designees who
                   initially purchased the Shares or D&O Rights from the
                   Company.

         D.        Severability. If any provision of this Letter, or the
                   application of such provision to any person or circumstance,
                   shall be held invalid, the remainder of this Letter, or the
                   application of such provision to persons or circumstances
                   other than those to which it is held invalid, shall not be
                   affected thereby.

         E.        Governing Law. This Letter shall be governed by and construed
                   in accordance with the laws of the State of New York.

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<PAGE>

         F.        Successors and Assigns. This Letter shall be binding on each
                   of the undersigned and its successors and assigns.

         G.        Amendments. This Letter may only be amended by a written
                   instrument executed by each of the parties hereto.

         H.        Entire Agreement. This Letter (together with the other
                   agreements and documents being delivered pursuant to or in
                   connection with this Letter) constitutes the entire agreement
                   of the parties hereto with respect to the subject matter
                   hereof and thereof, and supersedes all prior agreements and
                   understandings of the parties, oral and written, with respect
                   to the subject matter hereof.

         I.        Execution in Counterparts. This Letter may be executed in one
                   or more counterparts, and by the different parties hereto in
                   separate counterparts, each of which shall be deemed to be an
                   original, but all of which taken together shall constitute
                   one and the same agreement, and shall become effective when
                   one or more counterparts has been signed by each of the
                   parties hereto and delivered to each of the other parties
                   hereto.

                  [Remainder of page intentionally left blank.]

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<PAGE>

Very truly yours,

__________________________________        __________________________________
William R. de Jonge                       Katherine Alice Levine Trust
                                          By:

__________________________________        __________________________________
Scott A. Levine                           Name:  Sarah F. Levine Trust
                                          By:

__________________________________
Francis E. Lauricella, Jr.                __________________________________
                                          Name:  William R. Levine Trust
                                          By:

__________________________________        __________________________________
Pickering/Lauricella Revocable Trust      Name:  David A. Levine Trust
By:                                       By:

                                          __________________________________
__________________________________        Name:  Henrietta Clare de Jonge Trust
Paula S. Butler                           By:

__________________________________        __________________________________
Laurence N. Strenger                      Margaux Smith Butler

__________________________________        __________________________________
Laurence N. Strenger, a Corporation       Nina Simmons Butler
By:

                                          __________________________________
__________________________________        Mark Johnston Butler
E. Miles Prentice, III

SHARE PURCHASE & SALE, D&O RIGHTS AND COMPANY CALL RIGHT

<PAGE>

<TABLE>
<CAPTION>
<S>                                       <C>
_____________________________             __________________________________
Mark Smith Butler                         Nicolas P. Lauricella 2005 Irrevocable Trust
                                          By:

_____________________________             __________________________________
Francis E. Lauricella, Jr.,               Natalia P. Lauricella 2005 Irrevocable Trust
Trustee of the Separate Property          By:
Portion of the Pickering/
Lauricella Revocable Trust,
dated December 15, 2003
By:
                                          __________________________________
                                          Michael P. Lauricella 2005 Irrevocable Trust
</TABLE>

Accepted and agreed as of the date hereof:

NORTH AMERICAN INSURANCE LEADERS, INC.

______________________________
By:     William R. de Jonge
Title:   President

SHARE PURCHASE & SALE, D&O RIGHTS AND COMPANY CALL RIGHT

<PAGE>

WARRANT PURCHASE ORDER

I:\EDGAR\North American Insurance Leaders, Inc. (NAIL)\s1a_030906\ex10-10.rtf

                                   SCHEDULE 1

                         THE SELLERS
                         -----------

                 Katherine Alice Levine Trust
                    Sarah F. Levine Trust
                   William R. Levine Trust
                    David A. Levine Trust
                     William R. de Jonge
                       Paula S. Butler
             Pickering/Lauricella Revocable Trust
             Laurence N. Strenger, a Corporation

<PAGE>

                                   SCHEDULE 2

                        NUMBER OF SHARES PURCHASED & SOLD
                        ---------------------------------

<TABLE>
<CAPTION>
                                               # OF SHARES                                     # OF SHARES       # OF SHARES
            NAME OF STOCKHOLDER                   OWNED        # OF SHARES      PRICE OF          OWNED            OWNED
                                                 PRE-SALE         SOLD           SHARES         POST-SALE         POST-SPLIT
            -------------------                  --------         ----           ------         ---------         ----------

<S>                                                <C>             <C>            <C>            <C>               <C>
Katherine Alice Levine Trust                       216,797           634           $3.38           216,163           144,109
Sarah F. Levine Trust                              216,797           634            3.38           216,163           144,109
William R. Levine Trust                            216,797           634            3.38           216,163           144,109
David A. Levine Trust                              216,797           634            3.38           216,163           144,108
William R. de Jonge                                881,250         3,219           17.17           878,031           585,354
Paula S. Butler                                    876,562         3,219           17.17           873,343           582,229
Pickering/Lauricella Revocable Trust               876,562         3,219           17.17           873,343           582,229
Laurence N. Strenger, a Corporation                515,625         1,507            8.04           514,118           342,745
E. Miles Prentice, III                                   0             0               0            13,700             9,133
                                                 ---------        ------          ------         ---------         ---------
                                       TOTAL     4,017,187        13,700          $73.06         4,017,187         2,678,125
--------------------------------------------- --------------- -------------- --------------- ---------------- -----------------
</TABLE>

(1) $100,000/$7.30 per share = 13,699 shares.

(2) $25,000/4,687,500 outstanding shares = $0.0053333/share; $0.0053333/share x
    13,699 = $73.06.

(3) Sale effected on November 22, 2005.

(4) Two-for-three reverse stock split effected on March [14], 2006.

<PAGE>

                                   SCHEDULE 3

<TABLE>
<CAPTION>
DIRECTOR/OFFICER*                                                           D&O RIGHTS COMMITMENT
----------------                                                            ---------------------

                                                                             # OF D&O RIGHTS
                                                           PERCENTAGE           PURCHASED             AMOUNT PAID
                                                           ----------           ---------             -----------

<S>                                                            <C>                 <C>                    <C>
William R. de Jonge                                            23.4%               397,800                $397,800

Scott A. Levine                                                18.4                312,800                 312,800

Francis E. Lauricella, Jr.(1)                                  23.4                397,800                 397,800

Paula S. Butler(2)                                             23.4                397,800                 397,800

Laurence N. Strenger(3)                                        11.0                187,000                 187,000

E. Miles Prentice, III                                          0.4                  6,800                   6,800
                                                               ----              ---------              ----------

                                                 TOTAL         100%              1,700,000              $1,700,000

</TABLE>
________________

*    Includes the affiliates and/or designees, as defined in the prospectus, of
     the directors and officers.

1    All or a portion of the D&O Rights to be purchased by Francis E.
     Lauricella, Jr., Trustee of the Separate Property Portion of The
     Pickering/Lauricella Revocable Trust, dated December 15, 2003.

2    Mark Smith Butler, husband of Paula S. Butler, will purchase up to 125,000
     D&O Rights of her 397,800 D&O Rights.

3    All or a portion of the D&O Rights to be purchased by Laurence N. Strenger,
     a Corporation.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]