April 9, 2003 Bankers Insurance Group, Inc. 360 Central Avenue, Suite 17 St. Petersburg, FL 33701 Attention: Mr. Ed Hussemann Gentlemen: Reference is made to the Forbearance and Master Loan Documents Modification Agreement (the "Forbearance...Forbearance Agreement • April 30th, 2003 • Bankers Insurance Group Inc • Fire, marine & casualty insurance
Reference is made to the Forbearance and Master Loan Documents Modification Agreement (the "Forbearance Agreement"), dated as of September 18, 2000 and amended as of January 22, 2002, by and between Regions Bank and Bankers Insurance Group, Inc. Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Forbearance Agreement.
STOCK PLEDGE AND SECURITY AGREEMENT ----------------------------------- THIS STOCK PLEDGE AND SECURITY AGREEMENT (this "Agreement") is made and entered into as of the 21 day of April 2003, by Bankers Insurance Group, Inc. (the "Pledgor"), in favor of...Stock Pledge and Security Agreement • April 30th, 2003 • Bankers Insurance Group Inc • Fire, marine & casualty insurance • Florida
