0000950134-06-017491 Sample Contracts

Shares1 Hallmark Financial Services, Inc. PURCHASE AGREEMENT
Purchase Agreement • September 8th, 2006 • Hallmark Financial Services Inc • Insurance carriers, nec • New York

PIPER JAFFRAY & CO. WILLIAM BLAIR & COMPANY, L.L.C. KEEFE, BRUYETTE & WOODS, INC. RAYMOND JAMES & ASSOCIATES, INC. As Representatives of the several Underwriters named in Schedule II hereto c/o Piper Jaffray & Co. 800 Nicollet Mall Minneapolis, Minnesota 55402

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