STOCK PURCHASE AND STANDSTILL AGREEMENT Among DONEGAL MUTUAL INSURANCE COMPANY and DONEGAL GROUP INC. and GREGORY M. SHEPARD Relating to 3,675,000 Shares of Class A Common Stock of Donegal Group Inc. and 400,000 Shares of Class B Common Stock of...Stock Purchase Agreement • December 21st, 2015 • Shepard Gregory M • Fire, marine & casualty insurance • Delaware
THIS STOCK PURCHASE AND STANDSTILL AGREEMENT (this “Agreement”) made and entered into as of this day of December, 2015 among Donegal Mutual Insurance Company, a Pennsylvania mutual fire insurance company, with its principal offices at 1195 River Road, Marietta, Pennsylvania 17547 (“DMIC”), Donegal Group Inc., a Delaware corporation with its principal offices at 1195 River Road, Marietta, Pennsylvania 17547 (“DGI”, and, together with DMIC, the “Purchasers”), and Gregory M. Shepard, an individual with an address at 7028 Portmarnock Place, Bradenton, Florida 34202 (the “Seller”).
