0000830122-12-000078 Sample Contracts

PICO HOLDINGS, INC. SEVERANCE AGREEMENT
Severance Agreement • August 9th, 2012 • Pico Holdings Inc /New • Real estate • California

This Severance Agreement (the “Agreement”) is made and entered into by and between John T. Perri (“Executive”) and PICO Holdings, Inc. (the “Company”), effective as of August 6, 2012, (the “Effective Date”).

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FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • August 9th, 2012 • Pico Holdings Inc /New • Real estate • New York

This First Amendment (the “Amendment”) to the Stock Purchase Agreement dated as of June 20, 2012 (the “Agreement”), is made and entered into effective as of July 13, 2012 (the “Effective Date”), by and among PICO Holdings, Inc., a California corporation (the “Parent”), PICO Investment Corporation, an Ohio corporation (“PICO Investment”) and White Mountains Solutions Holding Company, a Connecticut corporation (the “Buyer”). Capitalized terms used but not otherwise defined herein shall have the same meanings as set forth in the Agreement.

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