SETTLEMENT AGREEMENTSettlement Agreement • March 21st, 2016 • Central Square Management LLC • Real estate • California
This AGREEMENT, dated as of March 18, 2016 (this “Agreement”), is made and entered into by PICO Holdings, Inc., a California corporation (“PICO” or the “Company”), and each of the other persons set forth on the signature page hereto (each, an “Investor” and collectively, the “Investors” or “Investor Group”) which presently are or may be deemed to be members of a “group” with respect to the common stock of the Company, par value $0.001 per share (the “Common Stock”), pursuant to Rule 13d-5 promulgated by the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
