FIRST AMENDMENT TO STOCK PURCHASE AGREEMENTStock Purchase Agreement • July 6th, 2012 • Presidential Life Corp • Life insurance • Delaware
This FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (this “Amendment”) is entered into as of July 3, 2012 among Presidential Life Corporation, a Delaware corporation (“Buyer”), GALAC Holding Company, an Ohio corporation (“Seller”) and Loyal American Life Insurance Company, an Ohio corporation (“Parent”) and amends certain provisions of the Stock Purchase Agreement dated as of February 23, 2012 among Buyer, Seller and Parent (the “Purchase Agreement”). Capitalized terms used but not defined in this Amendment shall have the meanings ascribed thereto in the Purchase Agreement.
STOCK PURCHASE AGREEMENT AMONG PRESIDENTIAL LIFE CORPORATION, GALAC HOLDING COMPANY AND LOYAL AMERICAN LIFE INSURANCE COMPANYStock Purchase Agreement • July 6th, 2012 • Presidential Life Corp • Life insurance • Delaware
THIS STOCK PURCHASE AGREEMENT (this “Agreement”) is entered into as of February 23, 2012 among PRESIDENTIAL LIFE CORPORATION, a Delaware corporation (“Buyer”), GALAC HOLDING COMPANY, an Ohio corporation (“Seller”), and LOYAL AMERICAN LIFE INSURANCE COMPANY, an Ohio corporation (“Parent”). Buyer. Seller and Parent are referred to collectively herein as the “Parties.”
