Philadelphia Financial Management of San Francisco, LLC Sample Contracts

TERMINATION OF JOINT FILING AND GROUP AGREEMENT March 4, 2016
Termination of Joint Filing and Group Agreement • March 8th, 2016 • Philadelphia Financial Management of San Francisco, LLC • Security brokers, dealers & flotation companies

Each of the undersigned is a party to that certain Joint Filing and Group Agreement, dated November 3, 2015 (the “Joint Filing and Group Agreement”). Each of the undersigned hereby agrees that the Joint Filing and Group Agreement is terminated effective immediately.

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JOINT FILING AND SOLICITATION AGREEMENT
Joint Filing and Solicitation Agreement • March 3rd, 2015 • Philadelphia Financial Management of San Francisco, LLC • Security brokers, dealers & flotation companies

This Agreement (this “Agreement”) is made and entered into as of March 2, 2015, by and among (1) Philadelphia Financial Management of San Francisco, LLC, Boathouse Row I, L.P., Boathouse Row II, L.P., Boathouse Row Offshore Ltd., OC 532 Offshore Ltd., Justin Hughes and Jordan Hymowitz (collectively, “PFM”) and (2) Voce Capital LLC, Voce Capital Management LLC and J. Daniel Plants (collectively, “Voce” and with PFM, each a “Party” to this Agreement, and together, the “Parties” or the “Group”).

COOPERATION AGREEMENT
Cooperation Agreement • November 12th, 2015 • Philadelphia Financial Management of San Francisco, LLC • Security brokers, dealers & flotation companies • Delaware

This Cooperation Agreement dated April 8, 2015 (the “Agreement”) is by and between Philadelphia Financial Management of San Francisco, LLC (“Philadelphia Financial”), Justin Hughes, and Voce Capital Management LLC (“Voce”) (each of Philadelphia Financial, Mr. Hughes and Voce, a “Stockholder” and together, the “Stockholder Group”) and Investment Technology Group, Inc. (the “Company”). In consideration of and reliance upon the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

TERMINATION OF JOINT FILING AGREEMENT April 9, 2015
Termination of Joint Filing Agreement • April 9th, 2015 • Philadelphia Financial Management of San Francisco, LLC • Security brokers, dealers & flotation companies

Each of the undersigned is a party to that certain Joint Filing Agreement, dated March 2, 2015 (the "Group Agreement"). Each of the undersigned hereby agrees that the Group Agreement is terminated effective immediately.

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