Document:

First Amendment to Reinsurance Pooling Agreement Amended and Restated

 Exhibit 10.44 
 First Amendment 
 to the 
 REINSURANCE POOLING AGREEMENT 
 AMENDED AND RESTATED

 As of January 1, 2008 
 This First Amendment (“First Amendment”) to the Reinsurance Pooling Agreement Amended and Restated as of January 1, 2008 (the “2008 Pooling Agreement”) is entered into as
of July 1, 2008, by and among State Automobile Mutual Insurance Company (“State Auto Mutual”), State Auto Property & Casualty Insurance Company (“State Auto P&C”), Milbank Insurance Company
(“Milbank”), State Auto Insurance Company of Wisconsin (“SA WI”), Farmers Casualty Insurance Company (“Farmers Casualty”), State Auto Insurance Company of Ohio (“SA OH”), State Auto Florida Insurance Company
(“SA FL”), Meridian Security Insurance Company (“Meridian Security”), Meridian Citizens Mutual Insurance Company (“Meridian Citizens Mutual”), Patrons Mutual Insurance Company of Connecticut (“Patrons”),
Litchfield Mutual Fire Insurance Company (“Litchfield”) and Beacon National Insurance Company (“Beacon”). State Auto Mutual, State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SA FL, Meridian Security, Meridian Citizens
Mutual, Patrons, Litchfield and Beacon are herein collectively referred to as the “Pooled Companies” or “State Auto” and individually as a “Pooled Company.” This First Amendment shall become effective and operative as
set forth in Section 6 of this First Amendment. 
 Background Information 
 The Property Catastrophe Overlying Excess of Loss Reinsurance Contract between State Auto P&C and the other Pooled Companies is
referred to in the 2008 Pooling Agreement as the “State Auto P&C Catastrophe Assumption Agreement.” The Property Catastrophe Overlying Excess of Loss Reinsurance Contract expired by its terms on July 1, 2008 and was not renewed by
the parties. Therefore, with this First Amendment, the Pooled Companies desire to amend the 2008 Pooling Agreement to delete all references related to the State Auto P&C Catastrophe Assumption Agreement. 
 In response to a recommendation from each of their Independent Committees, the Boards of Directors of State Auto Mutual and State Auto
Financial Corporation have each approved this First Amendment. 
 Statement of Agreement 
 In consideration of the mutual covenants set forth herein and INTENDING TO BE LEGALLY BOUND HEREBY, the Pooled Companies agree to amend
the 2008 Pooling Agreement as follows: 
 1. Capitalized terms used in this First Amendment (including the Background
Information) which are not otherwise defined herein shall be defined as in the 2008 Pooling Agreement, and those definitions shall apply in this First Amendment. 
 2. In Section 1 of the 2008 Pooling Agreement, paragraphs (f), (g) and (h) are hereby deleted. 
  

 Page 1 

 3. In Section 7 of the 2008 Pooling Agreement, paragraph (a) is hereby amended
by deleting the parenthetical phrase “(except for catastrophe reinsurance ceded by any State Auto Insurance Ceding Company to the State Auto P&C Catastrophe Assumption Agreement)”. 
 4. In Section 7 of the 2008 Pooling Agreement, paragraphs (b) through (k) are hereby amended by deleting the parenthetical
phrase “(except for the State Auto P&C Catastrophe Assumption Agreement)”. 
 5. Section 10 of the 2008
Pooling Agreement is hereby amended and restated in its entirety to read as follows: 
 “All premiums, losses, loss
expenses, underwriting expenses and administrative expenses attributable to the State Auto Mutual Reinsurance Book are outside the 2008 Pooling Agreement, as amended from time to time. In addition, this 2008 Pooling Agreement, as amended from time
to time, is subject to the Reserve Guaranty Agreement.” 
 6. This First Amendment shall be effective as of 12:01 a.m.
Columbus, Ohio time, on July 1, 2008. Notwithstanding the foregoing, this First Amendment shall only become operative if and when it has been approved, or deemed approved, by all insurance regulators whose approval is necessary to implement the
terms of this First Amendment. 
 7. This document is an amendment to the 2008 Pooling Agreement, and in the event of any
inconsistencies between the provisions of the 2008 Pooling Agreement and this First Amendment, the provisions of this First Amendment shall control. Except as expressly amended herein, the 2008 Pooling Agreement shall continue in full force and
effect for the balance of the term thereof. 
 IN WITNESS WHEREOF, the parties hereto have entered into this First Amendment
as of the date set forth above. 
  

			
		  	 State Automobile Mutual Insurance Company
 State Auto Property & Casualty Insurance Company
 Milbank Insurance Company
 State Auto Insurance Company of Wisconsin
 Farmers Casualty Insurance Company
 State Auto Insurance Company of Ohio
 State Auto Florida Insurance Company
 Meridian Security Insurance Company
 Meridian Citizens Mutual Insurance Company
 Beacon National Insurance Company
 Patrons Mutual Insurance Company of Connecticut
 Litchfield Mutual Fire Insurance Company

  

					
	 Attest
	 		 	
			
	 /s/ James A. Yano
	 	 By:
	 	 /s/ Robert P. Restrepo, Jr.

	 James A. Yano, Secretary
	 		 	 Robert P. Restrepo, Jr., President

  

 Page 2Second Amendment to Employment Agreement

 Exhibit 10.51 
 Robert P. Restrepo, Jr. 
 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT 
 This Second Amendment to Employment Agreement (this “Second Amendment”) is made effective as of January 1, 2009, among
State Auto Financial Corporation, an Ohio corporation (“State Auto Financial”), State Auto Property and Casualty Insurance Company, an Iowa-domiciled insurance company (“State Auto P&C”), State Automobile Mutual Insurance
Company, an Ohio-domiciled mutual insurance company (“State Auto Mutual”) and Robert P. Restrepo, Jr. (“Executive”). 
 Background Information 
 The parties to this Second Amendment (the “Parties”) entered into an
Employment Agreement dated as of March 2, 2006 (the “Employment Agreement”), regarding the Executive’s employment relationship with State Auto P&C. The Employment Agreement was amended by the Amendment to Employment Agreement
(the “Amendment”) as of January 24, 2007. The Parties desire to amend the Employment Agreement pursuant to Section (A) of Article XI of the Employment Agreement in order to comply with the final Treasury Regulations issued under
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). The Employment Agreement, as amended by the Amendment and this Second Amendment, is hereinafter collectively referred to as the “Agreement”.

 Statement of Agreement 
 The Parties hereby acknowledge the accuracy of the foregoing Background Information and hereby agree as follows: 
 §1. Definitions. All capitalized terms used in this Agreement but which are not otherwise defined herein shall have the respective meanings given those terms in the Employment Agreement or Amendment, as
applicable. 
 §2. Other Fringe Benefits. Section (G) of Article IV of the Agreement is hereby amended by
adding a new last sentence to read as follows: 
 “If such benefits are taxable, State Auto shall ensure that terms of
the benefits will comply with Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder.” 
 §3. Participation in Future Compensation, Retirement, and Fringe Benefit Plans. Section (H) of Article IV of the Agreement is hereby amended by adding a new last sentence to read as follows:

 “If such benefits are taxable, State Auto shall ensure that terms of the benefits will comply with Section 409A
of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder.” 
 §4.
Disability. The first sentence of Section (A) of Article V of the Agreement is hereby amended in its entirety to read as follows: 
 “If during the term of this Agreement Executive shall be unable to perform
substantially his duties hereunder because of illness or other incapacity constituting a disability as defined in Section 409A of the Code (referred to hereafter as “Disability”), and such Disability shall persist for a period of at
least six (6) months in any twelve (12) month period, State Auto shall thereafter have the right, on not less than forty-five (45) days’ written notice to Executive, to terminate Executive’s employment under this Agreement,
in which case the date of employment termination shall be not less than the forty-fifth (45th) day following the date of written notice.”

 §5. Disability. The fourth sentence of Section (A) of Article V of the
Agreement is hereby amended in its entirety to read as follows: 
 “The compensation provided under this Section shall
continue for the full period of Disability or until Executive attains age 65, whichever first occurs and shall be paid in accordance with State Auto’s normal compensation practices applicable to salaried employees.” 
 §6. Death. Section (B) of Article V of the Agreement is hereby amended by adding a new second sentence to read as
follows: 
 “Such Base Salary payments shall be made in accordance with State Auto’s normal compensation practices
applicable to salaried employees.” 
 §7. Termination without Cause. The fifth sentence of Section
(E) of Article V of the Agreement is deleted in its entirety. In addition, Section (E) of Article V of the Agreement is hereby amended by adding a new last sentence to read as follows: 
 “Such amounts shall be paid pursuant to the provisions of Section (H) of Article V of the Agreement below.” 
 §8. Executive’s Rights Under Certain Plans. Article VI of the Agreement is hereby amended by adding a new last sentence
to read as follows: 
 “If such benefits are taxable, State Auto shall ensure that terms of the benefits will comply with
Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder.” 
 §9. Captions. The captions of the various sections of this Second Amendment are not part of the context of this Second Amendment, but are only labels to assist in locating those sections, and shall be ignored in construing this
Second Amendment. 
 §10. Construction. This document is an amendment to the Employment Agreement. In the event
of any inconsistencies between the provisions of the Employment Agreement, as amended by the Amendment, and this Second Amendment, the provisions of this Second Amendment shall control. Except as modified by this Second Amendment, the Employment
Agreement shall continue in full force and effect without change. 
 [Signatures appear on the next page.] 

							
	 EXECUTIVE
	 		 	
				
		 	 /s/ Robert P. Restrepo, Jr.
	 		 	
		 	 Robert P. Restrepo, Jr.
	 		 	
		
	 STATE AUTO FINANCIAL CORPORATION
	 	 STATE AUTOMOBILE MUTUAL INSURANCE COMPANY

				
	 By:
	 	 /s/ Paul S. Williams
	 	 By:
	 	 /s/ Michael J. Fiorile

		 	 Paul S. Williams, Chairperson of
	 		 	 Michael J. Fiorile, Chairperson of the

		 	 the Compensation Committee
	 		 	 Nominating and Governance Committee

	
	 STATE AUTO PROPERTY AND CASUALTY INSURANCE COMPANY

				
	 By:
	 	 /s/ Paul S. Williams
	 		 	
		 	 Paul S. Williams, Chairperson of
	 		 	
		 	 the Compensation Committee

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