COOPERATION AGREEMENTCooperation 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:
