EXHIBIT
10.3
TAX ALLOCATION
AGREEMENT
This Tax Allocation Agreement, dated
June 1, 2006, between AmTrust Financial Services, Inc.
(“AmTrust”), a Delaware corporation, and Wesco
Insurance Company (“Wesco”), a Delaware
corporation.
WITNESSETH
WHEREAS, AmTrust and Wesco are
affiliates;
WHEREAS, AmTrust and Wesco 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
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