STOCK PURCHASE AGREEMENT BETWEEN GAINSCO, INC. MGA INSURANCE COMPANY, INC. AND MONTPELIER RE U.S. HOLDINGS LTD. Dated as of August 13, 2007Stock Purchase Agreement • August 13th, 2007 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance • Delaware
THIS STOCK PURCHASE AGREEMENT is entered into as of August 13, 2007 (this “Agreement”), by and between Montpelier Re U.S. Holdings Ltd., a Delaware corporation (the “Buyer”); GAINSCO, INC., a Texas corporation (the “Parent”); and MGA Insurance Company, Inc., a stock property and casualty insurance company domiciled in the State of Texas and a wholly-owned subsidiary of the Parent (“MGA”). The Parent and MGA are referred to herein as the “Seller Parties” and the Seller Parties and the Buyer are referred to collectively herein as the “Parties.”
