STOCK PURCHASE AGREEMENT AMONG SAFE HARBOUR HOLDINGS, LLC, AMERICAN CAPITAL ASSURANCE CORP., NORTH POINTE HOLDINGS CORP., AND NORTH POINTE FINANCIAL SERVICES, INC. October 22, 2007Stock Purchase Agreement • November 13th, 2007 • North Pointe Holdings Corp • Fire, marine & casualty insurance • Florida
This STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of October 22, 2007 by and among American Capital Assurance Corp., a Florida corporation (“Buyer”), which is a wholly owned subsidiary of Safe Harbour Holdings, LLC, a Delaware limited liability company (“Safe Harbour”), and North Pointe Financial Services, Inc., a Michigan corporation (“Seller”), which is a wholly owned subsidiary of North Pointe Holdings Corporation, a Michigan corporation (“NPHC”). Each of Buyer and Seller may hereafter be referred to as a “Party” or collectively as the “Parties.”
