LIMITED GUARANTEELimited Guarantee • June 22nd, 2012 • Pico Holdings Inc /New • Real estate • New York
This Limited Guarantee, dated as of June 20, 2012 (this “Limited Guarantee”), is made by Sirius Re Holdings, Inc., a Delaware corporation (the “Guarantor”) in favor of PICO Holdings, Inc., a California corporation (“Holdings”), and PICO Investment Corporation, an Ohio corporation (“PICO Investment”, and together with Holdings the “Guaranteed Parties”). Reference is hereby made to that certain Stock Purchase Agreement, by and among the Guaranteed Parties and White Mountains Solutions Holding Company, a Connecticut corporation (“Buyer”), dated as of the date hereof, as may be amended from time to time (the “Purchase Agreement”). Capitalized terms used herein but not otherwise defined have the meanings ascribed to them in the Purchase Agreement.
STOCK PURCHASE AGREEMENTStock Purchase Agreement • June 22nd, 2012 • Pico Holdings Inc /New • Real estate • New York
THIS STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of June 20, 2012 (the “Date of this Agreement”), is made by and among PICO Holdings, Inc., a California corporation (“Parent”), PICO Investment Corporation, an Ohio corporation (“PICO Investment”, and together with Parent, the “Sellers”, and each a “Seller”), and White Mountains Solutions Holding Company, a Connecticut corporation (“Buyer”). Parent, PICO Investment and Buyer are sometimes referred to herein as the “Parties” and each, individually, as a “Party”.
