Document:

exv10w6

Exhibit 10.6

TRADEMARK LICENSE AGREEMENT

          TRADEMARK LICENSE AGREEMENT (“Agreement”), effective as of [     ], 2010 (the
“Effective Date”), by Liberty Mutual Insurance Company, a Massachusetts stock insurance
company (“Liberty”), and Liberty Mutual Agency Corporation, a Delaware corporation
(“LMAC”).

          WHEREAS, Liberty is the indirect owner of a majority of the issued and outstanding Common
Stock (as defined herein) of LMAC;

          WHEREAS, Liberty and/or its Affiliates are the owners of all right, title, and interest in the
trademark, service mark, and domain name registrations and applications, and common-law marks set
forth on Exhibit A hereto (as may be modified by Liberty from time to time pursuant to
Section 3.4), and all related common-law rights and goodwill (the “Liberty Licensed
Marks”);

          WHEREAS, LMAC and/or its Subsidiaries are the owners of all right, title, and interest in the
trademark, service mark, and domain name registrations and applications, and common-law marks set
forth on Exhibit B hereto (as may be modified by LMAC from time to time pursuant to Section
3.4), and all related common-law rights and goodwill (the “LMAC Licensed Marks”);

          WHEREAS, LMAC wishes to use the Liberty Licensed Marks in connection with the LMAC Business
(as defined herein), and Liberty wishes to use the LMAC Licensed Marks in connection with the
Liberty Business (as defined herein); and

          WHEREAS, Liberty and its Affiliates wish to grant LMAC a license to so use the Liberty
Licensed Marks on the terms and conditions set forth in this Agreement, and LMAC and its
Subsidiaries wish to grant Liberty a license to so use the LMAC Licensed Marks on the terms and
conditions set forth in this Agreement;

          NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which is
acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

ARTICLE I

DEFINITIONS

     Section 1.1 Definitions.

          (a) “Action” shall have the meaning set forth in Section 6.1(b) of this Agreement.

          (b) “Agreement” shall have the meaning set forth in the first paragraph of this
Agreement.

          (c) An “Affiliate” of, or a Person “Affiliated” with a specified Person, means
a Person that directly, or indirectly through one or more intermediaries, controls, or is
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by, or is under common control with, the Person specified; provided that the term Affiliate
(i) when used with regard to LMAC excludes Liberty and its Affiliates (other than the Subsidiaries
of LMAC), and (ii) when used with regard to Liberty excludes LMAC and its Subsidiaries. The term
“control” (including the terms “controlling,” “controlled by,” and “under common control with”)
means the possession, direct or indirect, of the power to direct or cause the direction of the
management and/or policies of a Person, whether through the ownership of voting securities, by
contract, or otherwise.

          (d) “Applicable Law” means, with respect to any party, all provisions of laws,
policies, circulars, notifications, statutes, ordinances, rules, regulations, permits or
certificates issued by a government authority that are applicable to such party, its business or
any of its assets or properties, and all judgments, injunctions, orders and decrees of all courts,
arbitrators or government authorities in proceedings or actions in which such party is a party, or
by which its business or any of its assets or properties is bound.

          (e) “Beneficially Own,” “Beneficially Owned” and “Beneficially Owning”
shall mean beneficial ownership within the meaning of Rule 16a-1(a)(2) promulgated by the SEC under
the Exchange Act.

          (f) “Businesses” means (i) with respect to LMAC, the LMAC Business, and (ii) with
respect to Liberty, the Liberty Business.

          (g) “Common Stock” means, collectively, the Class A Common Stock and Class B Common
Stock of LMAC and any other class or series of common stock of LMAC hereafter created.

          (h) “Class A Common Stock” means the Class A Common Stock, par value $0.01 per share,
of LMAC.

          (i) “Class B Common Stock” means the Class B Common Stock, par value $0.01 per share,
of LMAC.

          (j) “Dispute” shall have the meaning set forth in Section 7.1 of this Agreement.

          (k) “Effective Date” shall have the meaning set forth in the first paragraph of this
Agreement.

          (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (m) “Infringement” shall have the meaning set forth in Section 6.1(a) of this
Agreement.

          (n) “Liberty” shall have the meaning set forth in the first paragraph of this
Agreement.

          (o) “Liberty Business” shall mean the business of Liberty and its Affiliates,
including the property and casualty insurance business of the strategic business units of Liberty

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known as “Personal Markets,” Commercial Markets” and “International” and the life insurance
business of Liberty Life Assurance Company of Boston, but not including the LMAC Business.

          (p) “Liberty Licensed Marks” shall have the meaning set forth in the recitals of this
Agreement.

          (q) “Liberty Mutual Affiliated Group” means collectively, Liberty Mutual Group Inc.
and all of its Affiliates now or hereafter existing, other than LMAC and its Subsidiaries (now or
hereafter existing). References in this Agreement to “members” or “member” of the Liberty Mutual
Affiliated Group refer collectively to legal entities or individually to any legal entity that is
included within the Liberty Mutual Affiliated Group, and do not refer to policyholders or members
of any such legal entity.

          (r) “Liberty Standards Manual” shall mean the standards manual with respect to the
graphic depiction of the Liberty Licensed Marks provided to LMAC prior to the Effective Date, as
such may be amended from time to time by Liberty.

          (s) “Liberty Sublicensees” shall have the meaning set forth in Section 2.2(b).

          (t) “Licensed Marks” means the Liberty Licensed Marks and the LMAC Licensed Marks.

          (u) “LMAC” shall have the meaning set forth in the first paragraph of this Agreement.

          (v) “LMAC Business” means the business of LMAC and its Subsidiaries, including the
operating segments known as “Commercial”, “Personal” and “Surety”, the business segment known as
“Corporate and Other,” and the underwriting and administration of property and casualty and surety
business through independent insurance agencies and broker relationships, and operations ancillary
thereto as more fully described in the IPO S-1.

          (w) “LMAC Licensed Marks” shall have the meaning set forth in the recitals of this
Agreement.

          (x) “LMAC Standards Manual” shall mean the standards manual with respect to the
graphic depiction of the LMAC Licensed Marks provided to Liberty prior to the Effective Date, as
such may be amended from time to time by LMAC.

          (y) “LMAC Sublicensees” shall have the meaning set forth in Section 2.1(b) of this
Agreement.

          (z) “Losses” shall have the meaning set forth in Section 6.2(a) of this Agreement.

          (aa) “Modified Marks” shall have the meaning set forth in Section 3.4(a) of this
Agreement.

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          (bb) “New Marks” shall have the meaning set forth in Section 3.4(a) of this Agreement.

          (cc) “Person” means any individual, corporation, partnership, joint venture, limited
liability company, association, or other business entity and any trust, unincorporated organization
or government or any agency or political subdivision thereof.

          (dd) “Regulation S-K” means Regulation S-K of the General Rules and Regulations under
the Securities Act.

          (ee) “Regulation S-X” means Regulation S-X of the General Rules and Regulations under
the Securities Act.

          (ff) “SEC” means the Securities and Exchange Commission.

          (gg) “Securities Act” means the Securities Act of 1933, as amended.

          (hh) “Sublicensees” means (i) with respect to LMAC, the LMAC Sublicensees, and (ii)
with respect to Liberty, the Liberty Sublicensees.

          (ii) “Subsidiary” of a Person means: all corporations, partnerships, joint ventures,
limited liability companies, associations and other entities (i) in which a Person owns, directly
or indirectly, fifty percent (50%) or more of the outstanding voting stock, voting power,
partnership interests or similar ownership interests, (ii) of which such Person otherwise directly
or indirectly controls or directs the policies or operations or (iii) which would be considered
subsidiaries of the Person within the meaning of Regulation S-K or Regulation S-X; provided
that the term Subsidiary when used with regard to Liberty excludes LMAC and its Subsidiaries.

ARTICLE II

TRADEMARK LICENSE GRANTS

     Section 2.1 Liberty Licensed Marks.

               (a) Grant of Trademark License to LMAC. Subject to the terms and conditions herein,
during the term of this Agreement, Liberty grants, on behalf of itself and its Affiliates, to LMAC
a non-exclusive, revocable, sublicensable (subject to Section 2.1(b)) and royalty-free limited
license to copy and use the Liberty Licensed Marks in the LMAC Business as (i) trademarks and
service marks, (ii) corporate names and trade names, and (iii) domain names, respectively as
indicated for each such above-identified category (i)-(iii) on Exhibit A, provided
that the foregoing license does not include (x) the right to use the Liberty Licensed Mark “Liberty
Mutual” or any variation thereof to the extent that the use of the word “Mutual” by LMAC is
prohibited by Applicable Law or (y) the right to use the Liberty Licensed Marks in any manner that
would require the continued use of the Liberty Licensed Marks by LMAC or the LMAC Sublicensees (as
defined herein) beyond the period set forth in Section 5.3 in order to comply with Applicable Law.

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               (b) Right to Sublicense. LMAC shall have the right to sublicense the rights granted
in Section 2.1(a) with respect to the LMAC Business solely (i) to its Subsidiaries, and (ii) to
other third parties for advertising, promoting, and marketing the LMAC Business, provided
that LMAC shall ensure that all LMAC sublicensees of such rights (“LMAC Sublicensees”)
comply in all respects with this Agreement and shall be fully liable hereunder for such LMAC
Sublicensees’ conduct.

               (c) Reservation of Rights. LMAC shall have no rights with respect to the Liberty
Licensed Marks other than those set forth in this Agreement. Liberty reserves all rights not
expressly granted to LMAC hereunder.

     Section 2.2 LMAC Licensed Marks.

               (a) Grant of Trademark License to Liberty. Subject to the terms and conditions
herein, during the term of this Agreement, LMAC grants, on behalf of itself and its Affiliates, to
Liberty a non-exclusive, revocable, sublicensable (subject to Section 2.2(b)) and royalty-free
limited license to copy and use the LMAC Licensed Marks in the Liberty Business as (i) trademarks
and service marks, (ii) corporate names and trade names, and (iii) domain names, respectively as
indicated for each such above-identified category (i)-(iii) on Exhibit B, provided
that the foregoing license does not include the right to use the LMAC Licensed Marks in any manner
that would require the continued use of the LMAC Licensed Marks by Liberty or the Liberty
Sublicensees (as defined herein) beyond the period set forth in Section 5.3 in order to comply
with Applicable Law.

               (b) Right to Sublicense. Liberty shall have the right to sublicense the rights
granted in Section 2.2(a) with respect to the Liberty Business solely (i) to its Affiliates, and
(ii) to other third parties for advertising, promoting, and marketing the Liberty Business,
provided that Liberty shall ensure that all Liberty sublicensees of such rights
(“Liberty Sublicensees”) comply in all respects with this Agreement and shall be fully
liable hereunder for such Liberty Sublicensees’ conduct.

               (c) Reservation of Rights. Liberty shall have no rights with respect to the LMAC
Licensed Marks other than those set forth in this Agreement. LMAC reserves all rights not
expressly granted to Liberty hereunder.

ARTICLE III

QUALITY CONTROL

     Section 3.1 Trademark Standards.

          (a) LMAC shall use the Liberty Licensed Marks and Liberty shall use the LMAC Licensed Marks
only in connection with activities, products, and services in their respective Businesses that are
consistent in all material respects with the high levels of quality associated with such Businesses
in connection with the Licensed Marks as of the Effective Date.

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          (b) LMAC and Liberty each agree that, in the conduct of their respective Businesses, they
shall comply with all Applicable Laws. In the event that LMAC or Liberty becomes aware that the
conduct of their respective Businesses in connection with the Licensed Marks that are licensed to
it is not in compliance with Applicable Law, it shall promptly so notify the other party.

          (c) LMAC shall ensure that its use of the Liberty Licensed Marks is at all times in accordance
with the Liberty Standards Manual, and Liberty shall ensure that its use of the LMAC Licensed Marks
is at all times in accordance with the LMAC Standards Manual. LMAC and Liberty each acknowledge
and agree that Liberty may amend the Liberty Standards Manual and LMAC may amend the LMAC Standards
Manual, in each case, from time to time in such party’s sole discretion, and LMAC and Liberty, as
applicable, shall comply with any such amended guidelines as are provided to each party from time
to time.

     Section 3.2 Inspection and Compliance. Liberty and LMAC shall each have the right to
request representative samples of any uses of the Licensed Marks by the other party or its
Sublicensees (including without limitation on products or in connection with advertising,
marketing, and promotional materials in any media) and to inspect and evaluate upon reasonable
advance written notice any products and services bearing the Licensed Marks (whether on the other
party’s premises or otherwise as agreed by the parties).

     Section 3.3 Notice and Disclaimer. LMAC and Liberty each agrees to use the Licensed
Marks with all notices and legends (if any) that are reasonably requested by the other party (a) so
as to preserve and maintain the validity of and the other party’s rights in the Licensed Marks and
(b) so as to communicate to customers the separate nature of their respective Businesses.

     Section 3.4 Modifications to Licensed Marks.

               (a) Subject to Section 3.4(b), each licensor party shall have the right (i) to modify from
time to time the look and feel of the Licensed Marks owned by it and licensed to the other party
(“Modified Marks”) and (ii) in connection with a re-branding of its own Business, to
substitute new marks for the Licensed Marks owned by it and licensed to the other party (“New
Marks”).

               (i) In the event that a licensor party so modifies a Licensed Mark, (A) such licensor
party will notify the licensee party of such modification in writing and (B) upon the
licensee party’s receipt of such notice, the Modified Mark shall be deemed to replace the
existing Licensed Mark on Exhibit A or Exhibit B, as applicable, and the
licensee party shall cease use of the existing Licensed Mark within one-hundred eighty (180)
days of its receipt of such notice, or within such other time period as agreed by the
parties.

               (ii) In the event that Liberty substitutes New Marks for the Liberty Licensed Marks,
Liberty shall use commercially reasonable efforts to notify LMAC in writing as soon as
commercially practicable. Upon written notification from

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Liberty that the New Marks have replaced the existing Liberty Licensed Marks, LMAC
shall cease use of the existing Liberty Licensed Marks within one-hundred eighty (180) days
of its receipt of such notice, or within such other time period as agreed by the parties.
The parties will discuss in good faith the substitution of such New Marks for the existing
Licensed Marks, but Exhibit A or Exhibit B, as applicable, shall be amended
only upon mutual agreement of the parties.

               (b) LMAC acknowledges and agrees that in the event that LMAC modifies any LMAC Licensed Mark
in a manner that is not consistent with the LMAC Standards Manual and not otherwise approved by
Liberty in writing, LMAC shall not have the right to use any Liberty Licensed Marks in conjunction
with any such modified LMAC Licensed Mark without Liberty’s prior written approval.

ARTICLE
IV

TRADEMARK OWNERSHIP

     Section 4.1 Trademark Ownership.

               (a) Liberty Licensed Marks. LMAC acknowledges and agrees that, as between the
parties, Liberty and its Affiliates are the owner of all of the right, title, and interest in and
to the Liberty Licensed Marks and all goodwill associated therewith and acknowledge the validity of
such Liberty Licensed Marks and of all registrations and applications of Liberty and its Affiliates
pertaining thereto. All use of the Liberty Licensed Marks by LMAC and the LMAC Sublicensees
(including all past, present, and future use), and the goodwill generated thereby, shall inure to
the benefit of Liberty and shall not vest in LMAC or in the LMAC Sublicensees. LMAC shall not,
directly or indirectly, contest or challenge the validity or enforceability of the Liberty Licensed
Marks. To the extent that LMAC or any of the LMAC Sublicensees is deemed to have any ownership
rights in the Liberty Licensed Marks, at Liberty’s written request, LMAC shall, and shall cause
each such LMAC Sublicensee to, assign such rights to Liberty or to such other Liberty Affiliate
designated by Liberty.

               (b) LMAC Licensed Marks. Liberty acknowledges and agrees that, as between the
parties, LMAC and its Subsidiaries are the owner of all of the right, title, and interest in and to
the LMAC Licensed Marks and all goodwill associated therewith and acknowledge the validity of such
LMAC Licensed Marks and of all registrations and applications of LMAC and its Subsidiaries
pertaining thereto. All use of the LMAC Licensed Marks by Liberty and the Liberty Sublicensees
(including all past, present, and future use), and the goodwill generated thereby, shall inure to
the benefit of LMAC and shall not vest in Liberty or in the Liberty Sublicensees. Liberty shall
not, directly or indirectly, contest or challenge the validity or enforceability of the LMAC
Licensed Marks. To the extent that Liberty or any of the Liberty Sublicensees is deemed to have
any ownership rights in the LMAC Licensed Marks, at LMAC’s written request, Liberty shall, and
shall cause each such Liberty Sublicensee to, assign such rights to LMAC or to such other LMAC
Affiliate designated by LMAC.

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     Section 4.2 Maintenance. As between the parties, the licensor shall be responsible
for prosecuting any application and maintaining and renewing any registration for the Licensed
Marks in the United States that are licensed by it to the other party, including making all filings
and paying all fees in connection therewith. Upon the licensor party’s request, the licensee party
shall execute and deliver to the licensor party all documents necessary to establish, protect, or
maintain the licensor party’s or its Affiliates’ or Subsidiaries’, as applicable, ownership of or
rights in and to the applicable Licensed Marks. Notwithstanding the foregoing, the licensor party
may, in its sole discretion, abandon any Licensed Mark licensed by it to the other party. If a
licensor party so abandons a Licensed Mark, such licensor party will notify the licensee party of
such abandonment in writing. Upon the licensee party’s receipt of such notice, the abandoned
Licensed Mark shall be deemed deleted from Exhibit A or Exhibit B, as applicable,
and the licensee party shall cease use of the deleted Licensed Mark within one-hundred eighty (180)
days of its receipt of such notice, or within such other time period as agreed by the parties.

     Section 4.3 DISCLAIMER OF REPRESENTATIONS AND WARRANTIES. LMAC, ON ITS OWN BEHALF AND
ON BEHALF OF ITS SUBSIDIARIES AND LIBERTY, ON ITS OWN BEHALF AND ON BEHALF OF ITS AFFILIATES,
SPECIFICALLY DISCLAIMS ANY AND ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED (INCLUDING
WITHOUT LIMITATION ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
VALIDITY, REGISTRABILITY, TITLE OR NON-INFRINGEMENT AND IMPLIED WARRANTIES ARISING FROM COURSE OF
DEALING OR COURSE OF PERFORMANCE), REGARDING THE LICENSED MARKS. WITHOUT LIMITING THE GENERALITY
OF THE FOREGOING, EACH PARTY ACKNOWLEDGES THAT THE LICENSES GRANTED IN THIS AGREEMENT AND THE
LICENSED MARKS ARE PROVIDED “AS IS.”

ARTICLE V

EXPIRATION AND TERMINATION

     Section 5.1 Term.

               (a) The term of this Agreement shall commence on the Effective Date and, subject to Section
5.4, shall continue until terminated (i) by either party upon written notice within fifteen (15)
days after such time as Liberty or its Affiliates cease to Beneficially Own, in the aggregate,
shares entitled to more than fifty percent (50%) votes entitled to be cast by the holders of the
then outstanding Common Stock or (ii) pursuant to Section 5.2. Upon the other party’s receipt of a
termination notice, each party shall cease use of the Licensed Marks within the time period set
forth in Section 5.3.

               (b) The term of any Sublicense granted by a party hereunder shall terminate upon the earlier
of (i) the expiration or termination of this Agreement and (ii) with respect to any sublicense
granted to an LMAC Subsidiary or Liberty Affiliate, at such time as such Sublicensee ceases to be a
Subsidiary of LMAC or an Affiliate of Liberty, as applicable.

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     Section 5.2 Termination of Agreement. Notwithstanding Section 5.1, this Agreement may
be terminated as follows:

               (a) By either party if the other party commits a material breach of this Agreement and fails
to cure such breach within thirty (30) days following written notice by the non-breaching party
describing such breach;

               (b) By either party upon notice in the event that (i) the other party or any of its
Subsidiaries becomes bankrupt or insolvent, makes a general assignment for the benefit of
creditors, has a receiver appointed for it, or (ii) a court approves reorganization proceedings for
such other party or any of its Subsidiaries; or

               (c) At any time upon the mutual agreement of the parties hereto, evidenced by a writing signed
by authorized representatives of both parties.

     Section 5.3 Cessation of Use.

               (a) Upon the termination of this Agreement, each party shall, and shall cause each of its
Sublicensees to discontinue all uses of the Licensed Marks within one-hundred eighty (180) days
following the effective date of such termination, or within such other time period as agreed by the
parties.

               (b) For the avoidance of doubt, LMAC acknowledges and agrees that within the time period set
forth in Section 5.3(a), it will use best efforts to promptly cause LMAC and its Subsidiaries to
change their corporate names and to cause their certificates of incorporation (or equivalent
organizational documents), as applicable, to be amended to remove any reference to the Liberty
Licensed Marks, “Liberty Mutual” and/or “Liberty” or any other trademarks, service marks, corporate
names, trade names and other similar designations owned by any member of the Liberty Mutual
Affiliated Group. To the extent that LMAC or any of its Subsidiaries is unable to promptly effect
such change of corporate name in accordance with Applicable Law, LMAC shall, and shall cause its
Subsidiaries to, conduct the LMAC Business and that of LMAC’s Subsidiaries under an assumed name,
trade name or “doing business as” name, in each case, that does not contain any reference to the
Liberty Licensed Marks, “Liberty Mutual” and/or “Liberty” or any other trademarks, service marks,
corporate names, trade names and other similar designations owned by any member of the Liberty
Mutual Affiliated Group.

               (c) In addition, LMAC acknowledges and agrees that following the time period set forth in
Section 5.3 (a), neither LMAC nor any of its Subsidiaries shall use any mark consisting of or
containing the word “Liberty” or any variation thereof in any manner whatsoever.

     Section 5.4 Survival. Article IV and Section 5.3, Section 5.4, Section 6.2 and
Section 8.1 shall survive the expiration or termination of this Agreement for any reason.

ARTICLE VI

INFRINGEMENT AND INDEMNIFICATION

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     Section 6.1 Infringement.

          (a) The parties agree to notify each other promptly of any known actual or threatened
infringement, dilution, violation, or other unauthorized use (“Infringement”) of a Licensed
Mark that has or could reasonably be expected to have a negative effect on the other party’s
business.

          (b) Liberty shall have the sole right to determine whether or not it shall initiate any claim,
action, inquiry, suit, or proceeding (“Action”) against any such Infringement of the
Liberty Licensed Marks. LMAC shall have the sole right to determine whether or not it shall
initiate any Action against any such Infringement of the LMAC Licensed Marks.

          (c) Liberty, with respect to Infringement of the Liberty Licensed Marks, and LMAC, with
respect to Infringement of the LMAC Licensed Marks, shall choose the attorneys, control the Action,
pay the Action’s expenses, and retain any damages, proceeds, costs, and/or fees recovered as a
result of any judgment, verdict, award, or settlement of such Action. LMAC and Liberty agree to
provide reasonable cooperation to each other in any Action taken to enforce the Licensed Marks,
including joining in such Action if necessary to maintain the other party’s standing.

     Section 6.2 Indemnification.

          (a) Indemnification by Liberty. Liberty agrees to indemnify, defend at its expense,
and hold harmless LMAC and its Subsidiaries and each of their respective officers, directors,
employees, and agents against any and all liabilities, losses, damages, awards, verdicts,
judgments, settlements, fees, costs and expenses (including reasonable attorneys’ fees and costs of
an Action) (“Losses”) incurred by any of them as a result of a third party claim (i)
alleging that the use of the Liberty Licensed Marks by LMAC or its Sublicensees in accordance with
this Agreement constitutes an Infringement of the intellectual property rights of such third party,
(ii) arising out of a breach by Liberty or the Liberty Sublicensees of this Agreement, or (iii)
arising out of authorized use of the LMAC Licensed Marks by Liberty or the Liberty Sublicensees
(other than in connection with a third party claim under Section 6.2(b)(i)).

          (b) Indemnification by LMAC. LMAC agrees to indemnify, defend at its expense, and
hold harmless Liberty and its Affiliates and each of their respective officers, directors,
employees, and agents against any and all Losses incurred by any of them as a result of a third
party claim (i) alleging that the use of the LMAC Licensed Marks by Liberty or its Sublicensees in
accordance with this Agreement constitutes an Infringement of the intellectual property rights of
such third party, (ii) arising out of a breach by LMAC or the LMAC Sublicensees of this Agreement,
or (iii) arising out of authorized use of the Liberty Licensed Marks by LMAC or the LMAC
Sublicensees (other than in connection with a third party claim under Section 6.2(a)(i)).

          (c) Procedure. The party seeking indemnification hereunder shall give prompt written
notice to the indemnifying party of any indemnifiable claim and reasonably cooperate at the
indemnifying party’s expense in its defense and/or settlement. The indemnifying party shall have
sole control over the defense and/or settlement of any indemnifiable claim; provided that

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neither party shall compromise or settle any indemnifiable claim hereunder in such a manner
that compromises the other party’s rights hereunder or subjects the other party to liability
without the other party’s prior written consent.

ARTICLE VII

DISPUTE RESOLUTION

     Section 7.1 Dispute Resolution. (a) Any controversy, claim or dispute arising out of
or relating to this Agreement, or the breach, termination or validity thereof (each, a “Dispute”)
shall be resolved as set forth in this Article VII

               (b) Liberty and LMAC shall attempt in good faith to resolve any Dispute promptly by
negotiation between each such party’s designated representatives. Within ten (10) days after any
party’s receipt of a notice of Dispute from the other party setting forth in detail and together
with supporting documentation, if any, the nature and basis of the Dispute (the “Dispute
Notice”), the general counsel and the chief financial officer of Liberty and the general
counsel and the chief financial officer of LMAC shall meet in person at a mutually acceptable time
and place, and thereafter as often as they reasonably deem necessary, to attempt in good faith to
resolve the Dispute.

               (c) If the chief financial officer of either Liberty or LMAC declares an impasse then within
thirty (30) days after receipt of the Dispute Notice or us soon thereafter as practicable, the
respective chief executive officers of Liberty and LMAC shall meet in person at a mutually
acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt in
good faith to resolve the Dispute.

               (d) If the chief executive officer of either Liberty or LMAC declares an impasse then within
sixty (60) days after receipt of the Dispute Notice (or such longer period, if the parties so agree
in writing), at the demand of either party, the Dispute shall be referred to, and finally settled
by, confidential and binding arbitration in accordance with the then-prevailing JAMS Streamlined
Arbitration Rules and Procedures as modified as follows (the “Rules”):

               (i) There shall be three (3) neutral arbitrators of whom each party shall
select one. The claimant shall select its arbitrator in its demand for arbitration
and the respondent shall select its arbitrator within thirty (30) days after receipt
of the demand for arbitration. The two (2) arbitrators so appointed shall select a
third arbitrator to serve as chairperson within fourteen (14) days of the
designation of the second of the two (2) arbitrators. If any arbitrator is not
timely appointed, at the request of any party such arbitrator shall be appointed by
JAMS pursuant to the listing, striking and ranking procedure in the Rules.

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               (ii) Each arbitrator appointed by a party shall be either an attorney with
substantial experience with the property and casualty reinsurance and insurance
industry and at least ten (10) years admission to the bar, or a property and
casualty reinsurance and insurance industry professional of at least ten (10) years
standing. The chair of the arbitral tribunal shall either be a practicing attorney
with no less than ten (10) years of practice and experience as an arbitrator, with,
if possible, experience relating to insurance or reinsurance disputes, or be a
retired judge.

               (iii) The place of arbitration shall be Boston, Massachusetts, unless some
other place is mutually selected by the parties. The arbitral tribunal shall be
required to follow the law of the Commonwealth of Massachusetts. The decision and
award of the arbitral tribunal shall be final and binding on the parties and shall
be the sole and exclusive remedy between the parties regarding the matter presented
to the arbitral tribunal, including any claims, counterclaims, issues or accounting
presented to the tribunal. Judgment upon the decision and award may be entered in
any court having jurisdiction. The arbitral tribunal is empowered to award any
remedy provided for under Applicable Law and the terms of this Agreement, including
injunction, specific performance or other forms of equitable relief. The arbitral
tribunal is not empowered to award damages in excess of compensatory damages. Each
party hereby irrevocably waives any right to recover punitive, exemplary or similar
damages with respect to any Dispute.

               (iv) Any arbitration proceedings, decision or award rendered hereunder and the
validity, effect and interpretation of this arbitration agreement shall be governed
by the Federal Arbitration Act, 9 U.S.C. Section 1 et seq.

               (e) Each party shall bear its own costs in any negotiations pursuant to Section 7.1(b) or
Section 7.1(c) and any arbitration, provided that the parties shall share the fees and
expenses of the arbitrators equally as well as any JAMS fees and expenses.

               (f) All negotiations conducted pursuant to Section 7.1(b) or Section 7.1(c) shall be
confidential and shall be treated as compromise and settlement negotiations and may not be
introduced as evidence of an admission against interest of either party and shall not be admissible
as evidence in any other proceeding.

               (g) Notwithstanding the foregoing provisions, without first resorting to the negotiation
procedures set forth in Section 7.1(b) and Section 7.1(c) herein, either party may seek the
provisional judicial remedy of a preliminary injunction or any other form of temporary injunctive
relief (including specific performance), if in its reasonable judgment such action is

12

 

necessary to avoid irreparable harm. Without prejudice to such provisional remedies as may be
available under the jurisdiction of such court, the arbitral tribunal shall have full authority to
grant provisional remedies and to direct the parties to request that any court modify or vacate any
temporary or preliminary relief issued by such court, and to award damages for the failure of any
party to respect the arbitral tribunal’s orders to that effect.

               (h) The parties hereby submit to the jurisdiction of the courts of the Commonwealth of
Massachusetts located in Boston, Massachusetts, for the purpose of seeking any provisional remedies
as contemplated by Section 7.1(g) or for any action to compel arbitration or in aid of arbitration
or for the enforcement of any arbitral award rendered thereunder. In any such action, suit or
proceeding, each of the parties irrevocably and unconditionally waives, and agrees not to assert by
way of motion, as a defense or otherwise, any claim that the party is not subject to the
jurisdiction of the above courts, that such action or suit is brought in an inconvenient forum or
that the venue of such action, suit or other proceeding is improper. To the fullest extent
permitted by Applicable Law, each of the parties irrevocably waives all rights to trial by jury in
any such action, suit or other proceeding.

ARTICLE VIII

MISCELLANEOUS

     Section 8.1 Confidentiality. Each party shall maintain the confidentiality (at a
level at which it treats its own confidential information of similar nature) of non-public,
proprietary information provided by the other party hereunder, and shall not disclose such
information to any third party (other than employees or Sublicensees who need to know it for the
purposes of this Agreement) without the prior written consent of the other party, except to the
extent such information otherwise becomes generally available to the public. Notwithstanding the
foregoing, either party or its Affiliates or Subsidiaries, as the case may be, shall be entitled to
disclose confidential information to the extent required by Applicable Law, provided it shall use
its reasonable efforts (a) only to disclose such portions as are legally required to be disclosed
and (b) to extent practicable, to provide prior notice to the other party to allow such party an
opportunity to review and comment thereon and, if such disclosure is required by in connection with
governmental inquiries or as required by subpoena, court order or legal process, to seek to obtain
an appropriate protective order or other similar remedy.

     Section 8.2 Notices. All notices and other communications provided for hereunder
shall be dated and in writing and shall be deemed to have been given (a) when delivered, if
delivered personally, sent by email or sent by registered or certified mail, return receipt
requested, postage prepaid, (b) on the next business day if sent by overnight courier, or (c) when
received if delivered otherwise. Such notices shall be delivered to the address set forth below,
or to such other address or email address as a party shall have furnished to the other party in
accordance with this Section 8.2.

13

 

     If to LMAC or any LMAC Subsidiary, to:

Liberty Mutual Agency Corporation

175 Berkeley Street

Boston, MA 02116

Attention: Chief Financial Officer

With a copy to:

Liberty Mutual Agency Corporation

175 Berkeley Street

Boston, MA 02116

Attention: General Counsel

     If to Liberty or any of its Affiliates, to:

Liberty Mutual Group Inc.

175 Berkeley Street

Boston, MA 02116

Attention: Chief Financial Officer

With a copy to:

Liberty Mutual Group Inc.

175 Berkeley Street

Boston, MA 02116

Attention: General Counsel

     Section 8.3 Binding Nature of Agreement. This Agreement shall be binding upon and
inure to the benefit of and be enforceable by the parties hereto or their successors in interest,
except as expressly otherwise provided herein.

     Section 8.4 No Assignment. Neither this Agreement nor any of the rights, interests or
obligations of any party hereto may be assigned by such party without the prior written consent of
the other party; provided, however, that Liberty and any permitted assignee of
Liberty may assign this Agreement to any of its Affiliates and to any successor (whether direct or
indirect, by transfer of stock or assets, assignment, merger, consolidation or otherwise) of any
Liberty Licensed Mark in connection with a sale or transfer by Liberty or such assignee, as the
case may be, of all or substantially all of any business (whether direct or indirect, by transfer
of stock or assets, assignment, merger, consolidation or otherwise) to which the Liberty Licensed
Mark relates. Any purported assignment in violation of the foregoing shall be null and void ab
initio and of no force and effect.

     Section 8.5 No Third Party Beneficiaries. Nothing in this Agreement shall convey any
rights upon any person or entity which is not a party or a permitted assignee of a party to this
Agreement.

14

 

     Section 8.6 Governing Law. This Agreement shall be construed and enforced in
accordance with, and the rights and duties of the parties shall be governed by, the laws of the
Commonwealth of Massachusetts applicable to contracts made and to be performed entirely in such
Commonwealth (without giving effect to conflicts of laws provisions thereof).

     Section 8.7 Severability. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstances, is held invalid, illegal, or
unenforceable in any respect for any reason, the validity, legality, and enforceability of any such
provision in every other respect and of the remaining provisions contained herein shall not be in
any way impaired thereby, it being intended that all of the rights and privileges of the parties
hereto shall be enforceable to the fullest extent permitted by applicable law. To the extent that
any such provision is so held to be invalid, illegal, or unenforceable, LMAC and Liberty shall in
good faith use their best efforts to find and effect an alternative means to achieve the same or
substantially the same result as that contemplated by such provision.

     Section 8.8 Amendment and Modification. Subject to applicable law, this Agreement may
be amended, modified or supplemented only by written agreement executed by the parties hereto. Any
failure of a party to comply with any obligation, covenant or agreement contained in this Agreement
may be waived by the party entitled to the benefits thereof only by a written instrument duly
executed and delivered by the party granting such waiver, but such waiver or failure to insist upon
strict compliance with such obligation, covenant or agreement shall not operate as a waiver of, or
estoppel with respect to, any subsequent or other failure of compliance.

     Section 8.9 Entire Agreement. This Agreement, including any schedules or exhibits
annexed hereto, embodies the entire agreement and understanding of the parties hereto in respect of
the transactions contemplated by this Agreement. There are no restrictions, promises,
representations, warranties, covenants, or undertakings, other than those expressly set forth or
referred to herein or therein. This Agreement supersedes all prior agreements and understandings
between the parties with respect to such subject matter.

     Section 8.10 Further Assurances. Each party hereto shall, on notice of request from
the other party hereto, take such further action not specifically required hereby at the expense of
the requesting party, as the requesting party may reasonably request for the implementation of the
transactions contemplated hereby, including without limitation executing any required consents or
making any required or appropriate filings with any Secretary of State’s office or with applicable
trademark authorities.

     Section 8.11 Descriptive Headings. The descriptive headings of the several articles
and sections of this Agreement are inserted for reference only and shall not limit or otherwise
affect the meaning hereof.

     Section 8.12 Interpretation. Unless otherwise specified, references in this agreement
to “agent” and “agents” do not refer to independent insurance agents or brokers of Liberty or LMAC
and its Subsidiaries. Whenever the words “include,” “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation.” When a reference
in this Agreement is made to a “party” or “parties,” such reference shall be to a party

15

 

or parties to this Agreement unless otherwise indicated. Unless the context requires
otherwise, the terms “hereof,” “herein,” “hereby,” “hereto” and derivative or similar words in this
Agreement refer to this entire Agreement. Unless the context requires otherwise, words in this
Agreement using the singular or plural number also include the plural or singular number,
respectively, and the use of any gender herein shall be deemed to include the other genders.

     Section 8.13 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but both of which together shall
constitute one and the same instrument.

16

 

          IN WITNESS HEREOF, the parties have caused this Agreement to be executed and delivered as of
the date written below.

	 	 	 	 	 
	 	LIBERTY MUTUAL INSURANCE COMPANY

 	 
	 	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 	Date:  	 	 
	 
	 	LIBERTY MUTUAL AGENCY CORPORATION

 	 
	 	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 	Date:  	 	 

17

 

EXHIBIT A

LIBERTY LICENSED MARKS

Registered Marks

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	AMERICA FIRST INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	2,901,530	 	 	November 9, 2004	 
	 	COLORADO CASUALTY MEMBER OF LIBERTY MUTUAL GROUP

	 	 	2,862,577	 	 	July 13, 2004	 
	 	GO AMERICA AUTO INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	3,078,730	 	 	April 11, 2006	 
	 	GOLDEN EAGLE INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	2,996,916	 	 	September 20, 2005	 
	 	HAWKEYE-SECURITY INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	2,899,415	 	 	November 2, 2004	 
	 

-1-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	INDIANA INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	2,864,878	 	 	July 20, 2004	 
	 	LIBERTY AGENCY UNDERWRITERS MEMBER OF LIBERTY MUTUAL GROUP

	 	 	3,653,280	 	 	July 14, 2009	 
	 	LIBERTY MUTUAL (W/LOGO 2000)

	 	 	1,405,249	 	 	August 12, 1986	 
	 	LIBERTY MUTUAL (WORD MARK)

	 	 	2,734,195	 	 	July 8, 2003	 
	 	LIBERTY MUTUAL GROUP
	 	 	3,646,445	 	 	June 30, 2009	 
	 	LIBERTY NORTHWEST
	 	 	2,348,832	 	 	May 9, 2000	 
	 	LIBERTY NORTHWEST MEMBER OF LIBERTY MUTUAL GROUP

	 	 	3,046,196	 	 	January 17, 2006	 
	 

-2-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	LIBERTY REGIONAL AGENCY MARKETS

	 	 	2,910,370	 	 	December 14, 2004	 
	 	MONTGOMERY INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	2,897,107	 	 	October 26, 2004	 
	 	OHIO CASUALTY MEMBER OF LIBERTY MUTUAL GROUP

	 	 	3,552,973	 	 	December 30, 2008	 
	 	PEERLESS INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	2,862,578	 	 	July 13, 2004	 
	 	SAFETY ALL-STARS
	 	 	2,700,803	 	 	March 25, 2003	 
	 

-3-

 

Pending Marks

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Application No.	 	 	Application Date	 
	 	DIRECT REPORT/DIRECT RESPONSE
	 	 	77,968,527	 	 	March 25, 2010	 
	 	LADY LIBERTY LOGO (2000)

	 	 	77,944,688	 	 	February 25, 2010	 
	 	LIBERTY MUTUAL AGENCY CORPORATION
	 	 	85,032,755	 	 	May 7, 2010	 
	 	LIBERTY SURETYFIRST

	 	 	85,032,944	 	 	May 7, 2010	 
	 	LIBERTY SURETYFIRST (WORD MARK)
	 	 	85,032,927	 	 	May 7, 2010	 
	 	OPEN SEAS

	 	 	77,006,644	 	 	September 25, 2006	 
	 	REWIND
	 	 	77,879,540	 	 	November 24, 2009	 
	 	SURETYNET
	 	 	77,891,440	 	 	December 11, 2009	 
	 	TEENSURANCE

	 	 	77,079,559	 	 	January 10, 2007	 
	 

-4-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Application No.	 	 	Application Date	 
	 	TRUE PRICING

	 	 	77,038,183	 	 	November 7, 2006	 
	 

-5-

 

Common Law Marks

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	 	 	 	 	 
	 	LIBERTY AGENCY UNDERWRITERS
	 	 	 	 	 	 	 
	 	LIBERTY MUTUAL SURETY
	 	 	 	 	 	 	 
	 	MEMBER OF LIBERTY MUTUAL GROUP
	 	 	 	 	 	 	 
	 	SAFECO INSURANCE MEMBER OF LIBERTY MUTUAL GROUP

	 	 	 	 	 	 	 
	 

-6-

 

Domain Names

firstlibertyinsurance.com

firstlibertyinsurancecorporation.com

freelibertymutualquote.com

fristlibertymutual.com

liberty-mutual-online.com

libertyagencymarkets.com

libertyagencyunderwriters.biz

libertyagencyunderwriters.com

libertyagencyunderwriters.info

libertyagencyunderwriters.net

libertyagencyunderwriters.org

libertyau.biz

libertyau.com

libertyau.info

libertyau.net

libertyau.org

libertybond.com

libertybondservices.com

libertyinsurancebrokers.us

libertymutualagancymarkets.com

libertymutualagencies.com

libertymutualagency.com

libertymutualagencycorp.biz

libertymutualagencycorp.com

libertymutualagencycorp.info

libertymutualagencycorp.net

libertymutualagencycorp.org

libertymutualagencycorporation.biz

libertymutualagencycorporation.com

libertymutualagencycorporation.info

libertymutualagencycorporation.net

libertymutualagencycorporation.org

libertymutualagencymakets.com

libertymutualagencymarket.com

libertymutualagencymarkets.com

libertymutualagencymarketscorp.com

libertymutualagencymarketscorporation.com

libertymutualagencyunderwriters.biz

libertymutualagencyunderwriters.com

libertymutualagencyunderwriters.info

libertymutualagencyunderwriters.net

libertymutualagencyunderwriters.org

libertymutualagents.com

libertymutualbank.com

libertymutualbusinesss.com

libertymutualfivestrategies.biz

libertymutualfivestrategies.com

libertymutualfivestrategies.info

 

 

libertymutualfivestrategies.net

libertymutualfivestrategies.org

libertymutualinsurancebrokers.com

libertymutualmass.com

libertymutualmortgage.com

libertymutualovertime.us

libertymutualpresidentsaward.biz

libertymutualpresidentsaward.com

libertymutualpresidentsaward.info

libertymutualpresidentsaward.net

libertymutualpresidentsaward.org

libertymutualpropertyendorse.biz

libertymutualpropertyendorse.com

libertymutualpropertyendorse.info

libertymutualpropertyendorse.net

libertymutualpropertyendorse.org

libertymutualsafeco.com

libertymutualsurety.biz

libertymutualsurety.info

libertymutualsurety.net

libertymutualsurety.org

libertymutualunderwriters.biz

libertymutualunderwriters.com

libertymutualunderwriters.info

libertymutualunderwriters.net

libertymutualunderwriters.org

libertymutualvip.com

libertymututalagencycorporation.com

libertyram-email.com

libertyram.com

libertysuretyfirst.biz

libertysuretyfirst.com

libertysuretyfirst.info

libertysuretyfirst.net

libertysuretyfirst.org

lmagencycorp.com

lmagencycorporation.com

lmagencymarkets.com

lmagencymarketscorp.com

lmagencymarketscorporateservices.com

lmagencymarketscorporation.com

lmagencyunderwriters.com

lmgagency.com

lmgagencycorporation.com

lmgagencymarkets.com

lmgagencymarketscorp.com

lmgagencymarketscorporates.com

lmgagencymarketscorporation.com

lmgagencyunderwriters.com

go-libertymutual.com

 

 

wwwlibertymutualagencymarket.com

test-lmagencymarkets.com

liberty-northwest.net

libertynorthwest-email.com

libertynorthwest-ins.com

libertynorthwest.com

libertynorthwest.org

libertynorthwestgl.com

libertynorthwestins.com

libertynorthwestinsuarance.com

libertynorthwestinsurance.com

libertynorthwestislistening.biz

libertynorthwestislistening.com

libertynorthwestislistening.info

libertynorthwestislistening.net

libertynorthwestislistening.org

libertynorthwestsucks.com

libertynorthwestwc.biz

libertynorthwestwc.com

libertynorthwestwc.info

libertynorthwestwc.net

libertynorthwestwc.org

accesslnw-email.com

accesslnw.com

libertynorthwestfucked.me

libertynorthwestscrewed.me

 

 

EXHIBIT B

LMAC LICENSED MARKS

Registered Marks

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	Liberty Mutual Agency Corporation	 
	 	AMERICAN FIRE & CASUALTY COMPANY
	 	 	2,420,891	 	 	January 16, 2001	 
	 	BECAUSE RELATIONSHIPS MATTER
	 	 	3,037,596	 	 	January 3, 2006	 
	 	BOP ACCESS

	 	 	3,454,369	 	 	June 24, 2008	 
	 	C.A.R.E.S.
	 	 	3,566,792	 	 	January 27, 2009	 
	 	COMMERCIAL IQ

	 	 	3,111,421	 	 	July 4, 2006	 
	 	COMMERCIAL IQ
	 	 	3,111,422	 	 	July 4, 2006	 
	 	COMMERCIAL LINES IQ
	 	 	3,673,550	 	 	August 25, 2009	 
	 	COMMERCIAL PROTECTOR
	 	 	1,506,319	 	 	September 27, 1988	 
	 	COUNTRY LANE
	 	 	1,762,165	 	 	March 30, 1993	 
	 	CUSTOM PROTECTOR
	 	 	3,502,162	 	 	September 16, 2008	 
	 	ENCOURAGING RESPONSIBILITY.
DELIVERING PEACE OF MIND

	 	 	3,456,896	 	 	July 1, 2008	 
	 

-1-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	ENHANCED PROTECTION
	 	 	2,958,771	 	 	May 31, 2005	 
	 	EXPERT EDGE

	 	 	3,427,894	 	 	May 13, 2008	 
	 	EXPRESS REPORTING
	 	 	2,384,394	 	 	September 5, 2000	 
	 	FARMPAC
	 	 	2,472,885	 	 	July 31, 2001	 
	 	FIRST NATIONAL SURETY
	 	 	2,018,491	 	 	November 19, 1996	 
	 	FIRST NATIONAL SURETY

	 	 	3,405,099	 	 	April 1, 2008	 
	 	GO AMERICA
	 	 	2,544,401	 	 	March 5, 2002	 
	 	GO AMERICA AUTO INSURANCE

	 	 	2,544,400	 	 	March 5, 2002	 
	 	INSURQUEST
	 	 	2,486,073	 	 	September 4, 2001	 
	 	LANDLORD PROTECTION

	 	 	3,125,215	 	 	August 1, 2006	 
	 	LIFTCALC
	 	 	1,775,057	 	 	June 8, 1993	 
	 	MASTER PAK
	 	 	1,261,930	 	 	December 20, 1983	 
	 	MASTER PAK PLUS
	 	 	2,502,591	 	 	October 30, 2001	 
	 	NEIGHBORHOOD MATTERS!
	 	 	2,979,218	 	 	July 26, 2005	 
	 

-2-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	ONBOARD ADVISOR

	 	 	3,711,063	 	 	November 17, 2009	 
	 	ONBOARD ADVISOR

	 	 	3,711,064	 	 	November 17, 2009	 
	 	ONBOARD ADVISOR (LOGO)

	 	 	3,711,814	 	 	November 17, 2009	 
	 	ONBOARD ADVISOR (LOGO)

	 	 	3,711,815	 	 	November 17, 2009	 
	 	P P.A.R.I.S. CONNECT

	 	 	3,036,214	 	 	December 27, 2005	 
	 	P P.A.R.I.S. EXPRESS

	 	 	2,977,232	 	 	July 26, 2005	 
	 	P.A.R.I.S. EXPRESS
	 	 	3,068,620	 	 	March 14, 2006	 
	 

-3-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	P.A.R.I.S. EXPRESS

	 	 	3,169,074	 	 	November 7, 2006	 
	 	PACE
	 	 	2,946,297	 	 	May 3, 2005	 
	 	PAR 100
	 	 	3,566,794	 	 	January 27, 2009	 
	 	PEAK PROPERTY PROGRAM
	 	 	2,429,624	 	 	February 20, 2001	 
	 	PERSONAL IQ

	 	 	3,173,145	 	 	November 21, 2006	 
	 	PERSONAL IQ

	 	 	3,176,072	 	 	November 28, 2006	 
	 	PERSONAL PROTECTOR
	 	 	1,412,595	 	 	October 7, 1986	 
	 	PRIDE

	 	 	1,642,991	 	 	April 30, 1991	 
	 	PROPERTY PLUS
	 	 	2,737,875	 	 	July 15, 2003	 
	 	PROTECTING YOUR SUCCESS
	 	 	2,332,742	 	 	March 21, 2000	 
	 	QUALITY CREST
	 	 	1,696,465	 	 	June 23, 1992	 
	 

-4-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	QUALITY-PLUS
	 	 	1,377,543	 	 	January 7, 1986	 
	 	SAFER SCHOOLS. SAFER STUDENTS. BETTER FUTURE.
	 	 	3,536,450	 	 	November 25, 2008	 
	 	SAFETY BEACON

	 	 	3,401,236	 	 	March 25, 2008	 
	 	SECURE PAK
	 	 	2,502,966	 	 	October 30, 2001	 
	 	SELECT CUSTOM PACKAGE
	 	 	2,592,520	 	 	July 9, 2002	 
	 	SURETY LINK
	 	 	1,572,374	 	 	December 19, 1989	 
	 	SURETY MATTERS
	 	 	3,192,091	 	 	January 2, 2007	 
	 	TEENSURANCE

	 	 	3,712,457	 	 	November 17, 2009	 
	 	THE COMMERCIAL PROTECTOR SERIES
	 	 	3,499,512	 	 	September 9, 2008	 
	 	THE COMPANY OF CHOICE
	 	 	3,075,882	 	 	April 4, 2006	 
	 	TÚ ¿QUÉ VALORAS?

	 	 	3,618,129	 	 	May 12, 2009	 
	 	UNCOMPLICATE
	 	 	2,900,615	 	 	November 2, 2004	 
	 	UNI-PAK
	 	 	1,235,244	 	 	April 19, 1983	 
	 	WE’RE PROUD TO BOND THE BEST
	 	 	1,558,431	 	 	September 26, 1989	 
	 	WEST AMERICAN INSURANCE COMPANY
	 	 	2,372,710	 	 	August 1, 2000	 
	 

-5-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	WHAT MATTERS TO YOU

	 	 	3,507,116	 	 	September 30, 2008	 
	 	WHERE I MAKES THE DIFFERENCE
	 	 	3,623,706	 	 	May 19, 2009	 
	 	OHIO CASUALTY INSURANCE COMPANY, THE	 
	 	OC

	 	 	1,145,914	 	 	January 13, 1981	 
	 	OCG OHIO CASUALTY GROUP

	 	 	2,517,785	 	 	December 11, 2001	 
	 	OHIO SECURITY INSURANCE COMPANY
	 	 	2,495,445	 	 	October 9, 2001	 
	 	THE OHIO CASUALTY INSURANCE COMPANY
	 	 	2,372,709	 	 	August 1, 2000	 
	 	SAFECO CORPORATION	 
	 	SAFECO
	 	 	1,136,586

Australia	 	 	December 9, 2008	 
	 	SAFECO

	 	 	1,136,927

Australia	 	 	January 15, 2009	 
	 

-6-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	SAFECO

	 	 	TMA650,446

Canada	 	 	December 6, 2002	 
	 	SAFECO

	 	 	5,686,299

China	 	 	January 6, 2010	 
	 	SAFECO
	 	 	5,686,302

China	 	 	January 6, 2010	 
	 	SAFECO
	 	 	001430529

CTM	 	 	February 23, 2001	 
	 	SAFECO

	 	 	005374624

CTM	 	 	July 31, 2008	 
	 	SAFECO

	 	 	300727001

Hong Kong	 	 	September 21, 2006	 
	 	SAFECO

	 	 	300733671

Hong Kong	 	 	October 4, 2006	 
	 	SAFECO
	 	 	193842

Israel	 	 	April 6, 2008	 
	 

-7-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	SAFECO

	 	 	193928

Israel	 	 	October 7, 2008	 
	 	SAFECO
	 	 	4771013

Japan	 	 	May 14, 2004	 
	 	SAFECO

	 	 	5251167

Japan	 	 	July 24, 2009	 
	 	SAFECO

	 	 	834851

Mexico	 	 	May 31, 2004	 
	 	SAFECO
	 	 	41-0159309

Republic of South Korea	 	 	January 10, 2008	 
	 	SAFECO

	 	 	41-0159943

Republic of South Korea	 	 	January 22, 2008	 
	 	SAFECO

	 	 	340789

Russia	 	 	January 9, 2008	 
	 	SAFECO
	 	 	340790

Russia	 	 	January 9, 2008	 
	 

-8-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	SAFECO
	 	 	1282800

Taiwan	 	 	October 1, 2007	 
	 	SAFECO

	 	 	1282801

Taiwan	 	 	October 1, 2007	 
	 	S

	 	 	1,092,487

United States	 	 	May 30, 1978	 
	 	SAFECO
	 	 	1,057,198

United States	 	 	January 25, 1977	 
	 	SAFECO

	 	 	3,772,016

United States	 	 	April 6, 2010	 
	 	SAFECO

	 	 	3,772,017

United States	 	 	April 6, 2010	 
	 	SAFECO

	 	 	2,931,682

United States	 	 	March 8, 2005	 
	 	SAFECO FIELD
	 	 	2,565,843

United States	 	 	April 30, 2002	 
	 

-9-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	SAFECO FIELD
	 	 	2,523,325

United States	 	 	December 25, 2001	 
	 	SAFECO FIELD
	 	 	2,721,767

United States	 	 	June 3, 2003	 
	 	SAFECO FIELD
	 	 	2,621,833

United States	 	 	September 17, 2002	 
	 	SAFECO FIELD
	 	 	2,632,373

United States	 	 	October 8, 2002	 
	 	SAFECO FIELD
	 	 	2,976,399

United States	 	 	July 26, 2005	 
	 	SAFECO FIELD
	 	 	2,976,400

United States	 	 	July 26, 2005	 
	 	SAFECO NOW

	 	 	3,036,682

United States	 	 	December 27, 2005	 
	 	SAFECO ONESTOP

	 	 	3,637,243

United States	 	 	June 16, 2009	 
	 	SAFECO OPTIMUM PACKAGE

	 	 	3,566,413

United States	 	 	January 27, 2009	 
	 

-10-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Registration No.	 	 	Registration Date	 
	 	SAFECO FIELD
	 	 	29833

Washington State	 	 	July 12, 2001	 
	 	SAFECO
	 	 	TMA630,613

Canada	 	 	December 20, 1999	 
	 	SAFECO FIELD
	 	 	TMA735,529

Canada	 	 	March 3, 2009	 
	 	SAFECO CORPORATION, A WASHINGTON CORPORATION	 
	 	SAFECO
	 	 	TMA122,032

Canada	 	 	April 23, 1958	 
	 	SAFECO INSURANCE COMPANY	 
	 	PARTNERSHIP PLUS
	 	 	1,712,077

United States	 	 	September 1, 1992	 
	 	SAFECO INSURANCE COMPANY OF AMERICA	 
	 	SAFECO INVESTOR NEWS
	 	 	2,781,966

United States	 	 	November 11, 2003	 
	 	THE OHIO CASUALTY INSURANCE COMPANY	 
	 	OHIO CASUALTY GROUP
	 	 	2,888,465

United States	 	 	September 28, 2004	 
	 

-11-

 

Pending Marks

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Application No.	 	 	Application Date	 
	 	LIBERTY MUTUAL AGENCY CORPORATION	 
	 	ONBOARD ADVISOR

	 	 	77,558,778	 	 	August 29, 2008	 
	 	ONBOARD ADVISOR (LOGO)

	 	 	77,719,627	 	 	April 22, 2009	 
	 	ONBOARD ADVISOR (LOGO)

	 	 	77,719,646	 	 	April 22, 2009	 
	 	P.A.R.I.S.
	 	 	77,605,192	 	 	October 31, 2008	 
	 	VIRTUAL PRODUCER
	 	 	85,002,710	 	 	March 31, 2010	 
	 	SAFECO CORPORATION	 
	 	SAFECO
	 	 	46149

Bermuda	 	 	October 10, 2006	 
	 	SAFECO

	 	 	46150

Bermuda	 	 	October 10, 2006	 
	 	SAFECO
	 	 	1,490,724

India	 	 	September 25, 2006	 
	 	SAFECO

	 	 	1,494,098

India	 	 	October 6, 2006	 
	 

-12-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	Application No.	 	 	Application Date	 
	 	SAFECO
	 	 	1101877

Mexico	 	 	July 2, 2010	 
	 	SAFECO
	 	 	T0619727G

Singapore	 	 	September 21, 2006	 
	 	SAFECO
	 	 	T0620038C

Singapore	 	 	September 26, 2006	 
	 

-13-

 

Common Law Marks

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	 	 	 	 	 
	 	LIBERTY MUTUAL AGENCY CORPORATION    	 
	 	AGE-FAVORED
	 	 	 	 	 	 	 
	 	AGENTS’ INTERACTIVE COMMUNITY
	 	 	 	 	 	 	 
	 	AMERICA FIRST
	 	 	 	 	 	 	 
	 	AMERICA FIRST INSURANCE
	 	 	 	 	 	 	 
	 	AMERICA FIRST INSURANCE COMPANY
	 	 	 	 	 	 	 
	 	AT YOUR SERVICE
	 	 	 	 	 	 	 
	 	BETTER TOGETHER
	 	 	 	 	 	 	 
	 	BRICKS & CLICKS
	 	 	 	 	 	 	 
	 	BUILDING BUSINESS SKILLS THROUGH VOLUNTEERISM
	 	 	 	 	 	 	 
	 	BUSINESSOWNERS PLUS
	 	 	 	 	 	 	 
	 	COLORADO CASUALTY
	 	 	 	 	 	 	 
	 	COLORADO CASUALTY INSURANCE COMPANY
	 	 	 	 	 	 	 
	 	COMLINE
	 	 	 	 	 	 	 
	 	COMMERCIAL IQ SMART RISK
	 	 	 	 	 	 	 
	 	COMMUNITY BUILD
	 	 	 	 	 	 	 
	 	CSTAR
	 	 	 	 	 	 	 
	 	DRIVING SMART
	 	 	 	 	 	 	 
	 	FIREFREE
	 	 	 	 	 	 	 
	 	FIT4WORK
	 	 	 	 	 	 	 
	 

-14-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	 	 	 	 	 
	 	FUEL ADVISOR
	 	 	 	 	 	 	 
	 	GOLD SERVICE
	 	 	 	 	 	 	 
	 	GOLDEN EAGLE
	 	 	 	 	 	 	 
	 	GOLDEN EAGLE INSURANCE
	 	 	 	 	 	 	 
	 	GOLDEN TARGET MARKETS
	 	 	 	 	 	 	 
	 	GOLDEN TENANTS
	 	 	 	 	 	 	 
	 	HOME NO TOUCH
	 	 	 	 	 	 	 
	 	INDIANA INSURANCE
	 	 	 	 	 	 	 
	 	INSTANT INCENTIVES
	 	 	 	 	 	 	 
	 	INSURANCE ADVISOR
	 	 	 	 	 	 	 
	 	INSURANCE CHECK UP
	 	 	 	 	 	 	 
	 	INSUREPAY
	 	 	 	 	 	 	 
	 	IT’S GOOD TO BE GOLDEN
	 	 	 	 	 	 	 
	 	MAP
	 	 	 	 	 	 	 
	 	MAPANALYST
	 	 	 	 	 	 	 
	 	MOBILE ADVISOR
	 	 	 	 	 	 	 
	 	MONTGOMERY INSURANCE
	 	 	 	 	 	 	 
	 	PARENTING FOR PREVENTION
	 	 	 	 	 	 	 
	 	PEERLESS INSURANCE
	 	 	 	 	 	 	 
	 	PERFORMANCE ADVISOR
	 	 	 	 	 	 	 
	 	PERFORMANCE THAT FUELS THE BOTTOM LINE
	 	 	 	 	 	 	 
	 	PERSONAL IQ SMART RISK
	 	 	 	 	 	 	 
	 	PRESIDENT’S GUARANTEE
	 	 	 	 	 	 	 
	 

-15-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	 	 	 	 	 
	 	PROFIT PLUS
	 	 	 	 	 	 	 
	 	SITEBUILDER
	 	 	 	 	 	 	 
	 	SMARTNAV
	 	 	 	 	 	 	 
	 	SPECIALTY AUTO
	 	 	 	 	 	 	 
	 	STRENGTH THROUGH PARTNERSHIPS
	 	 	 	 	 	 	 
	 	STRENGTHENING AMERICA’S NEIGHBORHOODS
	 	 	 	 	 	 	 
	 	SURETY ONLINE
	 	 	 	 	 	 	 
	 	THE ASSET COLUMN
	 	 	 	 	 	 	 
	 	THE CHOICE PROGRAM
	 	 	 	 	 	 	 
	 	THE I DIFFERENCE
	 	 	 	 	 	 	 
	 	THE INSURANCE PEOPLE
	 	 	 	 	 	 	 
	 	THE MONTGOMERY ADVANTAGE
	 	 	 	 	 	 	 
	 	THE MONTGOMERY ADVANTAGE COMMERCIAL SERIES
	 	 	 	 	 	 	 
	 	THE PAPER TRAIL
	 	 	 	 	 	 	 
	 	THE PROFESSIONAL EDGE
	 	 	 	 	 	 	 
	 	THE SAFETY ADVANTAGE NETWORK
	 	 	 	 	 	 	 
	 	VESTED IN OUR AGENTS’ SUCCESS
	 	 	 	 	 	 	 
	 	WHAT’S RIGHT
	 	 	 	 	 	 	 
	 	WOMEN & MONEY
	 	 	 	 	 	 	 
	 

-16-

 

	 	 	 	 	 	 	 	 	 
	 
	 	Mark	 	 	 	 	 	 	 
	 	OHIO CASUALTY INSURANCE COMPANY, THE	 
	 	OC
	 	 	 	 	 	 	 
	 	OC OHIO CASUALTY CORPORATION
	 	 	 	 	 	 	 
	 	OCG
	 	 	 	 	 	 	 
	 	OHIO CASUALTY
	 	 	 	 	 	 	 
	 	OHIO CASUALTY CORPORATION
	 	 	 	 	 	 	 
	 	SAFECO INSURANCE COMPANY OF AMERICA	 
	 	ENHANCED SAFECO OPTIMUM PACKAGE
	 	 	 	 	 	 	 
	 	SAFECO CHANGE AGENTS
	 	 	 	 	 	 	 
	 	SAFECO ESSENTIAL
	 	 	 	 	 	 	 
	 	SAFECO FLEXIBLE LIMIT ENDORSEMENT
	 	 	 	 	 	 	 
	 	SAFECO NEW QUALITY PLUS
	 	 	 	 	 	 	 
	 	SAFECO OPTIMUM
	 	 	 	 	 	 	 
	 	SAFECO OPTIMUM PACKAGE PLUS
	 	 	 	 	 	 	 
	 	SAFECO PACKAGE ADVANTAGE
	 	 	 	 	 	 	 
	 	SAFECO PLAZA
	 	 	 	 	 	 	 
	 	THE NEW SAFECO OPTIMUM PACKAGE
	 	 	 	 	 	 	 
	 

-17-

 

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peerlessscrewed.meexv10w7

Exhibit 10.7

LIH US P&C CORPORATION

PROMISSORY NOTE

			
	$4,000,000,000
	 	February 3, 2010

     LIH US P&C CORPORATION, a Delaware corporation (the “Maker”), hereby promises to pay to the
order of Liberty Insurance Holdings Inc., a Delaware corporation (the “Payee”), its successors
and assigns, on or before the Maturity Date (as hereinafter defined), the principal sum of Four
Billion Dollars ($4,000,000,000), together with interest from the date hereof on the unpaid
principal balance hereof from time to time outstanding, pursuant to the terms and conditions
contained herein.

     The principal balance evidenced by this Promissory Note (the “Note”), together with all
accrued but unpaid interest thereon, shall be due and payable in full on or before February
29, 2012 (the “Maturity Date”); provided, however, that the Maker shall have the right to prepay
this Note in full or in part at any time beginning 30 days from the date hereof (the “Prepayment
Right”). Any prepayment amount received by the Payee in connection with the Prepayment Right shall
be applied first to accrued but unpaid interest thereon through the date of such prepayment, then
to principal. Any such prepayment shall be due and payable without any premium or penalty of any
kind.

     The rate of interest on the outstanding principal amount hereof shall be 0.72%. Interest
hereunder shall be computed on the basis of a 360-day year for the actual number of days elapsed.
Interest shall be payable semi-annually in arrears on August 15th and February 15th of each year,
commencing on August 15, 2010, except that the entire unpaid balance of accrued interest, if not
sooner paid, shall be due and payable in full on or before the Maturity Date. All payments of
interest and principal under this Note shall be in lawful money of the United States of America.
If any such payment day of the month is not a Business Day, the indicated payment shall be due and
payable on the next Business Day. As used herein, “Business Day” means any day that is not a
Saturday or Sunday and that is not a day on which the principal place of business of the Payee is
closed or a day on which banking institutions in the City of Boston, Commonwealth of Massachusetts
or City of New York, State of New York are generally authorized or obligated by law or executive
order to close. All payments shall be made at the Payee’s principal address, or at such other
address as the Payee may specify, in immediately available funds on or before 2:00 p.m. (Boston,
Massachusetts time) on the due date thereof.

     An “Event of Default” hereunder means the occurrence of any of the following events or
conditions:

(1) The Maker shall fail to pay when due any principal of or interest on this Note
and such payments remain unpaid for a period of more than thirty (30) days; or

 

 

(2) Liberty Mutual Holding Company Inc. and its affiliates shall at any time and
for any reason cease to own, directly or indirectly, 51% of the voting power of the
common stock of the Maker; or

(3) Liberty Mutual Holding Company Inc. and its affiliates shall at any time and
for any reason cease to have the voting power to elect a majority of the Maker’s board
of directors; or

(4) The Maker shall default in the payment or performance of any obligation to
others for borrowed money, including any obligation created or evidenced by any loan or
credit agreement, promissory note, debenture, bond or other similar written obligation to
pay money, that exceed $100 million in the aggregate; or

(5) (a) the Maker shall generally not pay its debts as they become due; (b)
any proceedings under any bankruptcy or insolvency laws by or against the Maker
shall commence; (c) a trustee, receiver, custodian, liquidator or other similar official
for the Maker, or any substantial part of its property, shall be appointed; (d) the Maker
shall make any assignment for the benefit of creditors; or (e) the Maker shall be dissolved
or insolvent, or its existence shall terminate.

     Upon an Event of Default described in (5) above, the outstanding principal amount of this
Note, together with accrued interest thereon, shall become immediately and automatically due
and payable, without notice or demand.

     Upon or after the occurrence of an Event of Default described in (1), (2), (3) or (4) above,
at the option of the Payee, the outstanding principal amount of this Note, together with accrued
interest thereon, shall become immediately due and payable in full upon written demand from the
Payee received by the Maker. Upon Maker’s receipt of such written notice of acceleration from the
Payee, all amounts due hereunder shall immediately and automatically be due and payable in full,
without further presentment, demand, protest or notice of any kind, all of which are hereby
expressly waived by the Maker.

     The Maker, for itself and its successors and assigns, hereby waives presentment, protest,
notice of demand, demand for payment, notice of intention to accelerate maturity, notice of
acceleration of maturity, notice of sale and all other notices of any kind whatsoever, except for
the written notice of acceleration provided for in the immediately preceding paragraph. Any
failure by the Payee to exercise any right hereunder or otherwise available at law or in equity
shall not be construed as a waiver of the right to exercise the same, or any other right or
remedy, at any time.

     No waiver, amendment or other modification of this Note shall be binding upon either the
Maker or the Payee, unless in writing and signed by a duly-authorized representative of both
parties. If any provision of this Note shall be prohibited or invalid under applicable law, such
provision shall be ineffective but only to the extent of such prohibition or invalidity, and
without invalidating the remainder of such provision or the remaining provisions of this Note.

 

 

     Payee may assign or transfer any or all of the obligations hereunder. This Note shall be
binding upon the Maker and its successors and assigns. This Note is intended to take effect as a
sealed instrument and shall be governed by the laws of the State of Delaware, without regard to
its conflict of law rules.

(Signature Page Follows)

 

 

     IN WITNESS WHEREOF, the Maker has caused this Promissory Note to be duly executed and
effective as of the day and year first above written.

	 	 	 	 	 
	 	LIH US P&C CORPORATION

 	 
	 	By:  	/s/ Michael J. Fallon
 	 
	 	Printed Name: 	Michael J. Fallon 	 
	 	Title:  	Chief Financial Officer

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