Continental General Holdings LLC 595 Madison Avenue, 29th Floor New York, NY 10022 Ladies and Gentlemen:Equity Commitment Letter • March 30th, 2021 • Percy Rockdale LLC • Fabricated structural metal products • New York
Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of the date hereof, by and among Continental General Holdings LLC, a Michigan limited liability company (“Purchaser”), HC2 Holdings 2, Inc., a Delaware corporation (“Seller”), and Continental Insurance Group, Ltd., a Delaware corporation (the “Company”). Capitalized terms that are used, but are not otherwise defined, in this letter agreement (this “Equity Commitment Letter”) shall have the meanings given to them in the Purchase Agreement.
