TAX ALLOCATION AGREEMENT
This Agreement, dated July 1, 2002, is made for 2002 and future calendar years between AmTrust Financial Services, Inc. (“AmTrust”), a Delaware corporation, and Rochdale Insurance Company (“Rochdale”), a New York corporation.
WHEREAS, AmTrust and Rochdale are affiliates;
WHEREAS, AmTrust and Rochdale are part of a consolidated tax filing group (the “Group”) in accordance with the relevant Internal Revenue Service regulations; and
WHEREAS, AmTrust is the agent of Rochdale for the purpose of filing the consolidated tax return on behalf of the Group; and
WHEREAS, AmTrust and Rochdale wish to set forth their obligations to each other as members of the Group in accordance with New York’s insurance laws and regulations.
NOW, THEREFORE, AmTrust and Rochdale agree as follows: