0000830122-20-000040 Sample Contracts

dated as of July 24, 2020 between PICO HOLDINGS, INC. and COMPUTERSHARE TRUST COMPANY, N.A. as Rights Agent
Rights Agreement • July 24th, 2020 • Pico Holdings Inc /New • Real estate • Delaware

This 2020 SECTION 382 RIGHTS AGREEMENT (this “Agreement”) to be effective as of 5:00 p.m., New York time, July 24, 2020, is made and entered into by and between PICO HOLDINGS, INC., a Delaware corporation (the “Company”), and COMPUTERSHARE TRUST COMPANY, N.A., a federally chartered trust company, as rights agent (the “Rights Agent”).

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