May 11, 2000 Torchmark Corporation 3700 S. Stonebridge Drive P.O. Box 8080 McKinney, TX 75070-8080 Attn: C.B. Hudson Chairman of the Board and Chief Executive Officer Dear Mr. Hudson: Pursuant to the Agreement, dated May 8, 2000 (the "Agreement"),...Purchase Agreement • May 12th, 2000 • Birmingham Investment Group LLC • Fire, marine & casualty insurance
Birmingham Investment Group, LLC 17 North 20th Street Birmingham, AL 35203Convertible Stock Purchase Agreement • May 12th, 2000 • Birmingham Investment Group LLC • Fire, marine & casualty insurance
Pursuant to Section 7.2 of the Convertible Stock Purchase Agreement (the "Agreement") by and among Vesta Insurance Group, Inc. (the "Company") and Birmingham Investment Group, LLC (the "Investor"), the Investor hereby gives notice to the Company of its intention to purchase 3,750,000 shares (the "Shares") of the common stock, par value $.01 per share, of the Company. Upon purchase of the Shares, the Investor will have acquired securities representing in the aggregate approximately 39% of the votes represented by voting securities of the Company.
May 8, 2000 James A. Taylor, Manager Birmingham Investment Group, LLC Birmingham, Alabama 35203 Re: Sale of shares of Vesta Insurance Group, Inc. Dear Mr. Taylor: This letter agreement evidences an agreement (the "Agreement") between Torchmark...Sale of Shares of Vesta Insurance Group, Inc. • May 12th, 2000 • Birmingham Investment Group LLC • Fire, marine & casualty insurance
