This agreement is made for 1998 and
future calendar years by and among AmTrust Financial Services, Inc.
(AmTrust), a Delaware corporation and Technology Insurance Company
(TIC), a New Hampshire corporation.
Whereas, AmTrust owns all the issued
and outstanding shares of voting common stock of TIC.
Whereas, AmTrust and TIC may have
taxable income in this and future years calendar years and would be
liable for federal income tax if their incomes would be computed as
though they would fil