Purchase AgreementPurchase Agreement • December 21st, 2011 • Amtrust Financial Services, Inc. • Fire, marine & casualty insurance • New York
AmTrust Financial Services, Inc., a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the Purchasers named in Schedule I hereto (the “Purchasers”) an aggregate of $175,000,000 principal amount of the 5.50% Convertible Senior Notes due 2021, convertible into Common Stock, par value $0.01 per share (“Stock”) of the Company, specified above (the “Firm Securities”), and, at the election of the Purchasers, up to an aggregate of $25,000,000 additional aggregate principal amount (the “Optional Securities”) (the Firm Securities and the Optional Securities which the Purchasers elect to purchase pursuant to Section 2 hereof are herein collectively called the “Securities”).
